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Bitcoin

Bitcoin is a new electronic payment system that removes the need for third party financial institutions. It speeds up transactions while reducing costs and minimizing the potential for fraud. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.

Bitcoin’s concept was first introduced in 2008 when a person going by the pseudonym Satoshi Nakamoto shared a white paper titled “Bitcoin: A Peer-to-Peer Electronic Cash System.” In January 2009, the Bitcoin blockchain was launched. 

A new electronic payment system called Bitcoin removes the need for third-party financial institutions. It speeds up transactions while reducing costs and fraud-risk. The name “cryptocurrency” points to how it uses “cryptographic proof” to work, AKA a blockchain.   

Bitcoin has a finite supply of 21 million, which is expected to be reached by the year 2140. Currently, 18.8 million are circulating in the market. Note that Bitcoin represents the concept of the network, while bitcoin (lower-case ‘b’) represents the currency.

Bitcoin is one of the most well-known cryptos as it was the first decentralized currency. 

Currently, BTC’s dominance is above 40%. Bitcoin Dominance is a measure of how much of the total market cap of crypto is made up of Bitcoin. Bitcoin’s influence in the crypto ecosystem could be vulnerable to competition as alternative coins grow in popularity and utility.

Despite Bitcoin's sideways price action, market profitability remains strong, according to a recent report by onchain analysis firm Glassnode. The report highlights significant trends in investor behavior and market conditions that may signal future volatility.

Bitcoin Market in Flux: Glassnode Analysis Highlights Key Insights

Capriole Fund founder Charles Edwards expressed skepticism about the practical uses of cryptocurrencies in 2024 and questioned the real-world application of Solana (CRYPTO: SOL) Ethereum (CRYPTO: ETH) and others. What Happened: Edwards sees Bitcoin (CRYPTO: BTC) hodling and meme coin gambling as the only two active use cases.

Bitcoin 'Hodling' And 'Meme Coin Gambling' Are Crypto's Only Active Use Cases, Founder Says

Following Bitcoin's (BTC) dip below the $60,000 level, analysts are warning that the crypto king is at risk of moving even lower. The analyst pseudonymously known as DonAlt tells his 566,900 followers on the social media platform X that Bitcoin could remain bearish unless it reclaims a key level as support on the weekly chart.

Bitcoin Breaks Down Below $60,000 As Analysts Warn of Much Lower Prices for BTC

Top Bitcoin-based meme coins have fared no better than counterparts on other networks, with prices broadly sinking over the past month.

Bitcoin Runes Aren't Immune to Meme Coin Lull

Developers behind Bitcoin's software implementation are working to improve communications around security issues

Bitcoin Core Announces New Security Disclosure Policy

Marathon Digital Holdings, Inc. released its unaudited bitcoin production and miner installation updates for June 2024. The company's operational hashrate increased slightly, and its bitcoin holdings reached 18,536 BTC. Marathon Digital Reports June 2024 Bitcoin Production In June 2024, Marathon‘s (Nasdaq: MARA) average operational hashrate grew by 2% month-over-month to 26.3 exahash per second (EH/s).

Marathon Digital Reports Increase in Hashrate, Holds 18,536 BTC

A new report suggests that Bitcoin (CRYPTO: BTC) could drop to $50,000 if it fails to maintain support above the crucial $60,000 level. What Happened: The report by 10x Research states that a break of the $60,000-$61,000 range could cause liquidations.

Bitcoin WIll Plummet To $50K If This Key Support Breaks: 10x Research

Bitcoin mining companies have largely responded to the halving by attempting to optimize their facilities and score more processing power.

Riot Platforms boosts bitcoin mining production by 19% in June as Marathon Digital sees slight decline

Following the recent Bitcoin (CRYPTO: BTC) halving in April, attention has intensified on Bitcoin mining companies. Halvings, which reduce Bitcoin's inflation rate, have historically triggered bullish trends by highlighting Bitcoin's scarcity.

Bitcoin Mining Giants Marathon, Riot, And Bitdeer Gear Up For Post-Halving Bull Run

A call for a fee for hodling Bitcoin, to balance the fact that the mining security budget is currently paid only by people transacting, not people simply hodling.

Bitcoin HODLers Need To Pull Their Weight Too

Lightspark's CTO Kevin Hurley is applying what he learned from working on Facebook's Diem to enable more companies to harness the power of the Lightning Network, especially for cross-border payments.

Lightspark Enables Institutions To Use The Bitcoin Lightning Network

Trump's embrace of digital assets on the campaign trail has brought new focus to the role bitcoin could play as a strategic reserve asset.

Trump Sparks Talks Of Bitcoin As A Strategic Reserve Asset

Bitcoin miners are showing signs of capitulation, an event that is typically tied to a market bottom following a 13% decline over the past 30-days.

Bitcoin Bottom Is Near as Miners Capitulating Near FTX Implosion Level: CryptoQuant

QED, a Bitcoin scaling protocol, has raised $6 million in a seed funding round from Blockchain Capital as the sole investor.

Bitcoin scaling protocol QED raises $6 million seed round at ‘9-figure' valuation

A new proposal presents an opportunity to defuse the political gridlock around Bitcoin development

Navigating Bitcoin Script Improvement With Lightning Labs' Ryan Gentry

The head of research at crypto brokerage firm FalconX thinks that the coming months will see the return of tremendous upside volatile moves for Bitcoin (BTC).

Coinbase Premium Discount Could Signal ‘Splendid' Six to 12 Months for Bitcoin, Says FalconX Analyst

Crypto trader and investor Daan Crypto Trades predicts a temporary market scare following the distribution of Bitcoin (CRYPTO: BTC) from defunct cryptocurrency exchange Mt. Gox. What Happened: Daan elaborated that some coins will be sent to exchanges, some to unknown wallets and some will remain idle.

Mt. Gox Bitcoin Distribution 'Not Nice In The Short Term But Gets Overhang Out Of The Way,' Trader Says

Traders often mistakenly cite round numbers as critical support or resistance levels, but in this case, the $60,000 level bitcoin (BTC) is currently flirting with could truly prove important.

Bitcoin Losing $60K Handle May Trigger Wave of ETF Liquidations: Analyst

Marathon Digital Holdings Inc (NASDAQ:MARA) shares are trading lower alongside the price of Bitcoin (CRYPTO: BTC). The bitcoin miner on Wednesday released production and mining operation data for June.

Marathon Digital Stock Is Moving Lower: What's Going On With The Bitcoin Miner?

Integrating Bitcoin into retirement portfolios is gaining momentum as investors and institutions recognize its potential benefits. Traditionally, retirement portfolios comprise stocks, bonds, real estate, and precious metals.

Bitcoin In Retirement Portfolios: Institutional Interest On The Rise

U.S. spot bitcoin exchange-traded funds experienced slight losses on Tuesday, with $13.62 million in outflows recorded. Grayscale's GBTC was the primary contributor, losing $31.38 million during the trading sessions. Blackrock's IBIT Secures Top Spot With $14.

US Bitcoin ETFs Record Modest Losses With $13.62M Outflows on Tuesday

Bitcoin and America mean different things to different people. Both may have been captured by corporate interests.

What Bitcoin and the American Dream Have in Common

The latest price moves in bitcoin (BTC) and crypto markets in context for July 3, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Bitcoin Falls to $60K as Mt. Gox Overhang Looms

Bitcoin's price on July 3, 2024, stands at $60,177, with a 24-hour intraday range from $59,712 to $62,974. The trading volume over the past 24 hours reached $24.36 billion, and the market capitalization is currently at $1.18 trillion. Analyzing various time frames and technical indicators reveals consistent bearish signals, suggesting caution for traders.

Bitcoin Technical Analysis: BTC Slips Below $60K Closing CME Gap

U.S. rate cut soon? Unlikely. The Fed Chair Powell said if rates are cut too soon it might "undo the good work we've done to bring down inflation.

News for Bitcoin Crypto (BTC)