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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.

Bitcoin has seen significant selling pressure from continued ETF outflow, Mt. Gox's upcoming bankruptcy redemptions, and miner sales.

Bitcoin Holds $61K After a Brief Nosedive

Ethereum

Solana

Solana (CRYPTO: SOL) defied the slump in blue-chip currencies to emerge as the best-performing large-cap cryptocurrency in the last 24 hours. What Happened: The fifth-largest coin by market valuation jumped more than 8% on a day where Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) bled significantly.

Solana Shoots Up While Larger Marketcap Bitcoin, Ethereum Drop — What Is The Possible Reason?

Grayscale's GBTC led the pack of outflows with $90 million, followed by Fidelity's FBTC, which saw $35 million worth of outflows yesterday.

US spot bitcoin ETFs log $174 million in net outflows as bitcoin price struggles

Senator Cynthia Lummis (R-Wyo.) celebrated the passage of a pro-Bitcoin (CRYPTO: BTC) bill, emphasizing the importance of states' rights in the cryptocurrency landscape.

Senator Cynthia Lummis Applauds State-Led Bitcoin Rights Laws: 'This is Why Bitcoiners Should Be American Patriots'

Bitcoin fell below $60,000 today, dropping to its lowest point since early May, but it quickly bounced back.

Bitcoin Technical Analysis: What's Next If The Cryptocurrency Breaks Below The $60,000 Level?

Former President Donald Trump is in talks to make a landmark appearance at the Bitcoin (CRYPTO: BTC) 2024 convention in Nashville, a move that could have significant implications for the cryptocurrency industry. What Happened: The Republican candidate is tentatively slated to speak at the Bitcoin 2024 convention, a key event in the cryptocurrency calendar, set for the end of July, Axios reported Monday.

Trump Reportedly Discussing Participation In Bitcoin 2024 Conference, Move To Reinforce 'Crypto President' Image?

Dogecoin

It turned out to be a sell-the-news event for the cryptocurrency market on Monday as Mt. Gox's July repayment plan sent investors into panic.

Bitcoin, Ethereum, Dogecoin Bleed On Mt. Gox's Repayment Scare: Analyst Underpins $62.5K As Key Level For King Crypto For Things To 'Look Much Better'

What Happened: Pro-Bitcoin (CRYPTO: BTC) presidential candidate Robert F. Kennedy Jr., has made a statement on social media advocating for actions that would underscore the U.S. commitment to free speech, transparency, and transactional freedom.

Pro-Bitcoin Candidate Robert Kennedy Jr. Calls For Monument Honoring Julian Assange In Washington, Freedom For Edward Snowden And Silk Road-Fame Ross Ulbricht

Bitcoin prices fell below the psychologically significant $60,000 level today, as multiple factors, including profit taking and miner selling, weighed on the digital currency.

Bitcoin Prices Plunge Below $60,000 As Profit Taking And Miner Capitulation Fuel Losses

Rich Dad Poor Dad author Robert Kiyosaki says most people should sell bitcoin now that the price of the cryptocurrency is “crashing.” However, he affirmed that he is waiting to buy more bitcoin, emphasizing that “all markets go up and down.

Robert Kiyosaki on Bitcoin Crash: Most People Should Sell — He's Waiting to Buy More, Follow Warren Buffett's Strategy

Global investment bank JPMorgan has observed a notable surge in investor interest in bitcoin miners after Core Scientific announced it would host 200 MW of GPUs for AI hyperscaler Coreweave. According to JPMorgan, the combined market capitalization of 14 tracked miners has increased by $4 billion since the announcement.

JPMorgan: Bitcoin Miners' Market Cap Jumps 22% Following AI Hosting Deal

Bitcoin is trading below $60,000 for the first time since early May as the MtGox exchange announced that it will begin distributing approximately $9 billion worth of the cryptocurrency and $50 million of bitcoin cash to its long-suffering creditors.

MtGox $9 Billion Payout Is Creditors' Gain But Bitcoin's Pain

Cryptocurrency markets are down heavily in Monday trading, as Bitcoin plunged below $60,000 for the first time in weeks. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $59,931 -6% Ethereum (CRYPTO: ETH) $3,346 -2.4% Solana (CRYPTO: SOL) $130.20 -0.2% Dogecoin (CRYPTO: DOGE) $0.1177 -6.2% Shiba Inu (CRYPTO: SHIB) $0.00001685 -5% Notable Statistics: Coinglass data shows 89,508 traders liquidated in the past 24 hours, with total liquidations at $347.76 million; BTC long liquidations ($132.4 million) marked a two-month high.

Bitcoin Plunges Below $60K, Ethereum, Dogecoin Follow Dwon, But

Bitcoin Plunges Below $60K, Ethereum, Dogecoin Follow Down, But

Former President Donald Trump might be headed to Nashville to speak at Bitcoin 2024 later in July, according to a report from Axios.

Trump may be headed to Nashville to speak at Bitcoin 2024: Axios

Bitcoin dropped 7.8% to $59,215 at 8:50 pm GMT on June 24.

Bitcoin drops 7.8% to below $60,000

In the face of a significant drop in Bitcoin's price, “Rich Dad Poor Dad” author Robert Kiyosaki remains unfazed and plans to increase his cryptocurrency holdings. Currently, Bitcoin (BTC) is seeing a 5.5% drop in the last 24 hours, trading at around $52,300.

Robert Kiyosaki Remains Bullish Despite Bitcoin Crash, Nearing $59,000, Says It Is Similar Warren Buffett's Strategy – 'Buy And Hold Forever'

Kaiko, a leading cryptocurrency market data analytics firm, has found that cryptocurrency users in Latin America prefer stablecoins over bitcoin. In its most recent Latam market report, issued in June, Kaiko determined that 40% of the trading volumes involved Tether's USDT.

Kaiko Research: Latam Crypto Traders Prefer Stablecoins Over Bitcoin

Experts expressed optimism about Bitcoin layers and covenant technology driving future growth

The Evolving Bitcoin Layer Landscape

Canaccord Genuity said Bitcoin price volatility played a part in its revision, but still gives MSTR a buy rating.

Bitcoin Firm MicroStrategy's Price Target Cut—Here's Why

Bitcoin (CRYPTO: BTC) experienced a sharp decline on Monday, plummetting below the psychological barrier of $60,000, its lowest point since May. What Happened: According to market data, Bitcoin's price hit a troubling low of $59,809 per coin at 1:30 p.m.

Bitcoin Beat Down Below $60K, $360M In Liquidations

A closely followed crypto analyst says that one key indicator could be suggesting an incoming correction for Bitcoin (BTC). In a new video update, crypto strategist Benjamin Cowen tells his 802,000 YouTube subscribers that the price action of gold could be hinting at a large dip for the top crypto asset by market cap. .

Gold May Be Hinting at Incoming Bitcoin (BTC) Correction, According to Analyst Benjamin Cowen

The founder of venture capital firm Pomp Investments, Anthony Pompliano, is predicting Bitcoin (BTC) will see a boost from artificial intelligence (AI) over the next decade. In a new interview on CNBC Television, Pompliano says that the wealth generated from the AI sector could funnel into Bitcoin as a preferred store-of-value asset.

AI and Bitcoin Are Part of Massive Decade-Long Trend, According to Anthony Pompliano – Here's Why

Riot has abandoned a proposal to absorb Canadian Bitcoin mining firm Bitfarms for $2.30 a share. But Riot is not giving up.

Bitcoin Miner Riot Attempts to Purge Bitfarms Board as Hostile Takeover Bid Fails

Bruno Vaccotti, Head of Public Affairs of Penguin, a bitcoin mining company, has referred to the existence of what he called “vulture contracts,” and its effects on developing mining operations in Paraguay.

News for Bitcoin Crypto (BTC)