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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.

Following bitcoin's dip in price, QCP Capital highlighted a “doubly strange session” overnight, driven by unexpected economic data and a widely viewed Roaring Kitty livestream. Analysts Highlight Market Chaos Following Bitcoin Dip and Gamestop Decline Three days ago, Singapore-based QCP Capital envisioned a new bitcoin (BTC) all-time high in June.

BTC's ‘Strange' Session: Economic Data, Roaring Kitty Livestream Drive Market Fluctuations, Says QCP Capital

Bitcoin ETFs bring in a new investor who bucks the 'HODL' culture and rebalances as bitcoin soars

A widely followed crypto analyst believes Bitcoin (BTC) may be just days away from an explosive rally based on historic precedence. Pseudonymous crypto trader Rekt Capital tells his 475,500 followers on the social media platform X that Bitcoin could soon enter a phase of the market cycle that in 2020 and 2021 saw massive gains.

Bitcoin Is on the Cusp of a ‘Historic Breakout,' According to Crypto Analyst – Here's What He Means

Ethereum

Bitcoin has swung wildly this week as U.S. president Joe Biden and former president Donald Trump were warned there's "only one way to save the dollar."

‘A Very Big Opportunity'—Crypto Suddenly Braced For A ‘Tremendous' China Earthquake After Bitcoin, Ethereum And XRP Price Boom

Bullish talk around ETFs helped Bitcoin and Ethereum rise over the past several days—but they tumbled at the finish line.

This Week in Coins: Bitcoin and Ethereum Pump—Then Dump—Amid Roaring Kitty Rush

The U.S. government successfully shut down the Liberty Dollar, a private currency created by Bernard von NotHaus, while Bitcoin, established by the mysterious Satoshi Nakamoto, continues to thrive outside governmental control. This discrepancy highlights the stark differences between the centralized creation of the Liberty Dollar and the decentralized nature of Bitcoin.

Liberty Dollar vs. Bitcoin: Why the US Government Shut Down One but Not the Other

Solana

Cryptocurrency analyst and trader Michaël van de Poppe believes that one Solana (SOL) challenger may be gearing up to witness a bullish reversal. Van de Poppe tells his 719,300 followers on the social media platform X that a “new round of upwards momentum seems inevitable” for Sei (SEI).

Analyst Michaël van de Poppe Says One Solana Rival's Upward Momentum ‘Inevitable,' Updates Outlook on Bitcoin

The CEO of digital asset custodian BitGo, Mike Belshe, believes Bitcoin (BTC) could rally by up to 94% over the next six months. Belshe says in a new Kitco News interview that Bitcoin “will be somewhere around $125,000 to $135,000″ by the end of this year. Bitcoin is trading at $69,470 at time of writing.

Bitcoin To Explode to $135,000 by End of 2024 Courtesy of These Three Catalysts, Says BitGo CEO Mike Belshe

A major exchange is trying to declutter its Bitcoin wallet and is burning a lot of money in the process.

Bitcoin Fees Are Skyrocketing Again—And It's Not Because of Runes or Ordinals

Claims against Mirror Trading International (MTI) have reached over $84.5 million (ZAR1.6 billion), with more than 8,000 proven creditors as of the end of April. The MTI estate still holds around $33.7 million in its accounts. Legal action is underway in multiple countries to recover withdrawals made by those who profited from the scheme.

Claims Against Collapsed South African Bitcoin Investment Firm Rise to $84.5 Million

Dogecoin

Cryptocurrency markets are trading down with a liquidation cascade following the Roaring Kitty live stream ending the trading week on a negative note. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $69,334.36 -1.9% Ethereum (CRYPTO: ETH) $3,696.18 -2.7% Solana (CRYPTO: SOL) $162.82 -3.7% Dogecoin (CRYPTO: DOGE) $0.1484 -7.1% Shiba Inu (CRYPTO: SHIB) $0.00002367 -6.1% Notable Statistics: Coinglass data noted $337.08 million in crypto liquidations in just four hours, with the majority accounting for long liquidations.

Bitcoin, Ethereum, Dogecoin End Week With Strong Sell-Off As Traders React To Roring Kitty Stream

The price of bitcoin fell on Friday afternoon after spending several days above the $70,000 mark. The value dropped to $68,450 on Bitstamp, currently down $1,700 from its intraday high.

Bitcoin Dips Below $70K, Reaches $68,450 Low, $86M in BTC Longs Liquidated

Ideas about lower U.S. interest rates were foiled again and a plunge in shares of speculative favorite GameStop soured the mood in crypto.

Big Friday Crypto Selloff Pulls Bitcoin Below $70K

Crypto long positions were just zapped en masse, with nearly $300 million worth liquidated in the last hour as Bitcoin quickly dipped.

Bitcoin Price Tanks as Nearly $300 Million in Longs Get Rekt

Analysts at crypto exchange Bitfinex on Friday outlined a potential Bitcoin (CRYPTO: BTC) peak of at least $120,000 during the current market cycle, which they expect to continue until late 2024 or early 2025. This prediction is based on historical patterns and on-chain indicators, which suggest a correlation between Bitcoin's halving event and its subsequent price peak.

Bitcoin Peak of $120,000 By Late 2024, Major Alt Season To Follow: Bitfinex

Human rights defenders met with Bitcoin Bitcoin business owners and developers at the Oslo Freedom Forum this week to discuss how to best develop bitcoin-related tools for activists and vulnerable populations around the globe.

Bitcoin Brings Activists And Entrepreneurs Together In Oslo

Bitcoin will moon as central banks pivot to lower interest rates en masse–with the Bank of England soon to follow, Hayes predicts.

It's Time To Go Long On Bitcoin and Shitcoins: Arthur Hayes

The chief executive of crypto investment firm Galaxy Digital says that Bitcoin (BTC) could hit six figures this year if one key event occurs soon.

$100,000 Bitcoin Incoming by the End of the Year if This Happens, Says Billionaire Mike Novogratz

Bitcoin (CRYPTO: BTC) is poised for a potential rally to new all-time highs, with a peak target of at least $120,000 during the current cycle, acording to a new analyst report. 10x Research, authored by Markus Thielen, sees a head-and-shoulders formation formation for Bitcoin that could soon break through the resistance line, possibly pushing its price toward $83,000 in the near term.

Can Bitcoin Reach $83,000? Key Factors Needed For A Breakout: 10x Research

Bitcoin (CRYPTO: BTC) continues to trade sideways despite record inflows into Bitcoin Spot ETFs, leaving many market observers scratching their heads. This apparent disconnect between bullish sentiment and price action has sparked debate within the cryptocurrency community.

Why Is Bitcoin Stuck At Resistance Despite Record ETF Inflows?

The Federal Reserve is monitoring labor conditions closely on its quest to get U.S. inflation back down to 2%. Here's how it affects Bitcoin.

Bitcoin Price Shakes Off Fed Jitter Following Hot Labor Market Reading

The strong performance of Bitcoin (CRYPTO: BTC) spot ETFs and the upcoming Ethereum (CRYPTO: ETH) spot ETF launch should bode well for altcoins, according to a well-known trader. What Happened: Capo of Crypto shared his optimistic outlook for altcoins in June, stating that artificial intelligence, real world asset tokens, meme coins, and the Ethereum and Solana (CRYPTO: SOL) ecosystems look good.

Bitcoin, Ethereum ETF Could Make 'June A Really Good Month For Altcoins,' Predicts Veteran Trader

Semler Scientific Inc. (Nasdaq: SMLR), a developer of medical technology aimed at fighting chronic diseases, has expanded its bitcoin portfolio by acquiring an additional 247 bitcoins for $17 million, inclusive of fees and expenses. As of June 6, the company's total bitcoin holdings stood at 828 BTC, purchased for a combined $57 million.

Semler Scientific Expands Bitcoin Holdings, Acquires 247 More BTC

Ten years ago, Grammy-winning rapper 50 Cent made a groundbreaking decision to accept Bitcoin as payment for his album “Animal Ambition.” This move, which initially appeared experimental, has resulted in substantial financial gains for the artist over the past decade.

50 Cent's Bitcoin Earnings: A Journey from 'Animal Ambition' To Millions

Standard Chartered analysts predict the price of Bitcoin to reach $80,000 by the end of the month.

News for Bitcoin Crypto (BTC)