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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.

This marked the best day of inflows since March and the second-highest overall since 11 bitcoin ETFs went live in January.

Bitcoin Crosses $71K as BTC ETFs See $880M Inflows in Best Day Since March

U.S. spot Bitcoin ETFs experienced their second highest daily net inflows on June 4, amounting to $886.75 million.

Spot bitcoin ETFs see $887 million in daily net inflows, the second highest so far

Stacks (CRYPTO: STX), the cryptocurrency associated with a Bitcoin (CRYPTO: BTC) layer-2 solution, spiked dramatically on Monday, surpassing many market heavyweights on the way. What Happened: STX was the market's fourth-highest gainer in the last 24 hours, with gains of more than 14%.

This Bitcoin Layer-2 Coin Surged 13% After King Crypto's Rally, Goes Viral On Social Media

Dogecoin

Ethereum

Leading cryptocurrencies edged higher as investors' expectations of interest rate cuts spurred investments in risk-on markets. Cryptocurrency Gains +/- Price (Recorded 8:35 p.m.

Bitcoin, Ethereum, Dogecoin Spike As Investors Anticipate An Interest Rate Cut: Analyst Highlights Final Hurdle For King Crypto Before 'Parabolic' Move

The Securities and Exchange Commission (SEC) of Thailand has granted approval to One Asset Management (ONEAM) to launch a fund that invests in spot bitcoin exchange-traded funds (ETFs).

Thailand's SEC Approves Bitcoin ETF Fund for Wealthy Investors

Veteran trader Peter Brandt has emphasized the symmetry in bitcoin bull market cycles, suggesting the next peak may occur in late August or early September 2025, with the price of bitcoin potentially reaching $150,000. However, Brandt remains cautious, assigning a 25% probability that the cryptocurrency has already peaked this cycle.

Peter Brandt Predicts Bitcoin Bull Market With BTC Potentially Reaching $150,000

Uniswap

Seventeen of the twenty assets in the CoinDesk 20 Index (CD20) booked gains, underscoring the uptrend in the broader crypto market.

Uniswap, Starknet, BNB Lead Altcoin Gains as Bitcoin Hits $71K

Cryptocurrency markets spiked on Tuesday, with Bitcoin pushing beyond $70,000 amid rising institutional capital inflows. Prices as of 4 p.m.

Bitcoin Races Past $70K, Ethereum, Dogecoin Inch Into Green: 'Bitcoin Needs To Break This Final Major Resistance Area' To Go Parabolic

Chamath Palihapitiya, the founder and CEO of Social Capital, a venture capital firm, has explained how bitcoin could reach $500,000 or even higher price levels in the coming months.

VC Billionaire Chamath Palihapitiya Explains the $500,000 Bitcoin Case: Countries Will Become Dual Currency

Real Vision analyst Jamie Coutts says a key Bitcoin (BTC) indicator is suddenly flashing bullish amid fears of another US banking crisis. The former Bloomberg analyst tells his 18,200 followers on the social media platform X that macro conditions could soon send Bitcoin soaring.

Bitcoin Indicator Flips Bullish As Potential US Banking Crisis Looms, According to Analyst Jamie Coutts

Bitcoin (CRYPTO: BTC), the world's first and largest cryptocurrency, has outpaced every other asset class – by a lot. Bitcoin is up a mind-boggling 17,355.7% while the S&P 500 Index ETF (ARCA:SPY) is up 223.3%.

Bitcoin: The Road to $100k

Galaxy Digital CEO Michael Novogratz has reiterated his bullish stance on Bitcoin, predicting a price of $100,000 by the end of 2024. In an interview with Bloomberg on Tuesday, Novogratz pointed to several catalysts driving his optimism.

Mike Novogratz Predicts Bitcoin To $100K By The End Of 2024

On Monday, the New York Stock Exchange (NYSE) encountered a series of unexpected trading halts affecting stocks such as Chipotle and Berkshire Hathaway. Berkshire shares plummeted 99.7%, while Chipotle's stock fell 66%. In response to the event, renowned whistleblower Edward Snowden took to social media, asserting that “bitcoin fixes this.

Edward Snowden on NYSE Trading Halts: ‘Bitcoin Fixes This'

Bitcoin has shot higher, climbing over $70,000 per bitcoin as cash continues to flow into the new Wall Street bitcoin exchange-traded funds (ETFs)—sparking a huge Goldman Sachs crypto prediction.

‘It's Inevitable'—Ripple CEO Issues ‘Critical' XRP Warning After Bitcoin And Ethereum ETF Price Boom

The U.S.-based spot bitcoin ETFs yesterday made it 15-consecutive sessions of net inflows, with the latest rush of money combing with a rally in the price of {{BTC}} to send BlackRock's iShares Bitcoin Fund (IBIT) to more than $20 billion in assets under management for the first time.

Bitcoin ETFs Resume Inflow Winning Streak; BlackRock's IBIT Crosses $20B in AUM

Bitcoin (CRYPTO: BTC) prices are on a tear, approaching record highs after BlackRock‘s (NYSE:BLK) Bitcoin spot ETF achieved record-breaking inflows. The price of Bitcoin touched $70,999 earlier today, currently sitting at $70,576, up 2.1% over the past 24 hours.

Bitcoin Touches $71K Amid 'Unprecedented Inflow Access For Traditional Capital'

The Managing Partner and the Head of Research at Fundstrat Global Advisors says stocks will be on the rise this month and that institutional investors will push Bitcoin (BTC) to new heights.

Fundstrat's Tom Lee Predicts June Stock Market Rally, Says Institutional Adoption To Propel Bitcoin to $150,000

The price of bitcoin (BTC) climbed above the $70,000 mark on Tuesday, hitting an intraday peak of $71,031 on Bitstamp. This marks a nearly 3% increase over the past day, adding approximately $1,891 in value since the 24-hour low. Bitcoin's Price Stabilizes Above $70,000 Bitcoin remains steady above $70,000 at 1:05 p.m.

Bitcoin Surpasses $70,000, Reaches Intraday High of $71,031

Bitcoin's price briefly touched $71,000 on short liquidations. However, Glassnode analysts forecast increased volatility and sell-side pressure from long-term holders.

Bitcoin's price touches $71,000, but volatility and sell-side pressures loom

Jan VanEck, CEO of investment management firm and spot Bitcoin ETF issuer VanEck, predicted Bitcoin (CRYPTO: BTC) future could eventually reach a market capitalization of at least half that of gold. What Happened: In an interview with Scott Melker, he projected that this milestone could take another five to ten years to achieve.

Bitcoin Will Achieve Half The Market Cap Of Gold, Predicts VanEck CEO

Figures reveal that over the preceding 72 hours, three bitcoin mining pools discovered more than 69% of the 436 blocks found during that period. Foundry USA and Antpool, two industry titans, command a formidable 55.5% of Bitcoin's total computational power.

3 Bitcoin Mining Pools Wield 69% of Total Hashrate Discovering 301 Blocks in 72 Hours

Runes token DOG and BRC-20 token PUPS have more than doubled in price this week as Bitcoin continues climbing.

Bitcoin Price Hits $71,000 as Meme Coins ORDI, DOG, and PUPS Surge

The creator of the Ordinals and Runes protocols discussed his motivations on stage at Consensus 2024.

You May Not Like It, but Casey Rodarmor Proves Bitcoin Is Permissionless

A walk through how the scenario would evolve if anti-Ordinals Bitcoiners make a serious push to attempt to stop Ordinals and Inscriptions on Bitcoin.

Red Vs. Blue: The Bitcoin Ordinals Wargame

All but two assets in the gauge lost ground over the past week, led by UNI's 14% decline.

News for Bitcoin Crypto (BTC)