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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 miner Core Scientific announced plans to significantly expand its AI business.

Bitcoin miners sink millions into AI businesses, seeking billions in return

Australia joins the US, Hong Kong, and more in launching a spot Bitcoin ETF this year.

Australia's First Spot Bitcoin ETF With Direct Holdings Officially Begins Trading

Ethereum

Solana

Widely followed trader Inmortal says this year will see massive rallies for Bitcoin (BTC), Ethereum (ETH), Solana (SOL) and one additional altcoin.

Trader Says Ethereum-Based Altcoin ‘About To Get Sent,' Predicts Massive Q4 Rallies for Bitcoin, ETH and Solana

Out of the approximately $60 million (ZAR1.1 billion) that was recovered to pay back victims of the collapsed bitcoin investment platform Mirror Trading International (MTI), only $34.3 million remains. Court documents reportedly state that liquidators have used the recovered funds to pay an outstanding tax liability of $15.2 million and legal fees of $7.78 million.

Liquidators of South African BTC Scam Allocate Nearly 40% of Recovered Funds to Legal Fees and Taxes

An NYSE technical blunder saw Berkshire stock plummet to near zero on Monday, making its price chart look a lot like a rug pull.

‘Bitcoin Fixes This': Bitcoiners Take Aim at Berkshire Hathaway Amid Stock Glitch

Bitcoin's slump since March was driven by long-term holders selling, but blockchain data shows the trend has stalled and investors are accumulating BTC, Bitfinex said in a report.

Bitcoin Knocks on $70K Level; Bitfinex Hopeful Selling Pressure That Sparked a Correction Is Ending

According to data from June 3, an entity with eight wallets created in 2013 moved 200 BTC valued at $13.87 million after the funds remained untouched for over 11 years. If sold today, the value of these bitcoins has increased by 197,785% since their acquisition.

Sleeping Bitcoins Worth $13.87M Move After 11 Years, Transfer Exposes 2013 Whale

Dogecoin

Cryptocurrency markets have started the week in green, as traders anticipate the impact of Ethereum spot ETFs. Prices as of 4 p.m.

Bitcoin, Ethereum, Dogecoin Spike, But: 'Monday Pump And Then Tuesday Dump Scenario Is Possible,' Warns Trader

The CEO of blockchain analytics firm CryptoQuant says that Bitcoin's (BTC) on-chain market structure looks similar to 2020 before its bull market finale.

CryptoQuant CEO Says Bitcoin (BTC) Flashing Mid-2020 Vibes – Here's What He Means

In the wake of spot Ethereum ETF approvals, the MicroStrategy founder appears to be warming to the notion of a crypto industry bigger than just Bitcoin.

There Is a Second Best: Bitcoin Bull Michael Saylor Softens on Ethereum

Bitcoin investor Fred Krueger pointed out why “you should only buy Bitcoin (CRYPTO: BTC),” even though there have been significant changes in the top ten and top 20 of cryptocurrencies over the years. What Happened: In an extensive tweet on Monday, Krueger argued that all other cryptocurrencies in the top 20 are “a joke,” despite their combined market cap of over $500 billion.

Why 'You Should Only Buy Bitcoin' And All Other Top 20 Cryptos Are 'Really Jokes,' According To This Trader

Crypto funds worldwide have brought in $15 billion so far this year, with most of the fresh cash flowing into Bitcoin spot ETFs.

Bitcoin, Ethereum Funds Attract Another $185 Million Amid ETH ETF Hype

The first quarter addition of two spot bitcoin exchange-traded funds (ETFs) to the portfolio of Wisconsin's pension plan was likely just the beginning for that U.S. state's investments into crypto, said David Krause, a professor of finance at Milwaukee-based Marquette University.

Wisconsin Pension Plan Likely to Invest Much More in Bitcoin ETF, says Marquette Professor

Bitfarms said it earned 156 BTC in May, down 66% year over year.

Bitfarms mining revenue drops 45% to $7 million in first full month after Bitcoin halving

A series of prediction for watershed moments to come during Bitcoin's Fifth Epoch.

Bitcoin's 5th Epoch: Prophecies Of What To Come

Crypto and macro analyst Ted provided a comprehensive market outlook, highlighting key economic trends and their potential impact on Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH). What Happened: Ted noted that inflation, as measured by the PCE data, has shown signs of slowing, "Core printed 2.7% year-over-year, and headline 2.8%.

Bitcoin's Macro Outlook This Week: 'The Trend Is Our Friend,' Says Analyst

Australia-based Monochrome Asset Management is set to debut its spot bitcoin exchange-traded fund (ETF), IBTC, on the Cboe Australia exchange this Tuesday, June 4. This will be Australia's first ETF to directly hold bitcoin.

Australia's First Spot Bitcoin ETF Launching Tomorrow

Legendary trader Peter Brandt says one Bitcoin (BTC) chart looks quite similar to the one printed by the stock market in the mid-1980s before a big breakout.

Bitcoin Flashing Signal That Foreshadowed Massive Stock Market Rally in 1980s, According to Trader Peter Brandt

Bitcoin's hashrate has once again dipped below the 600 exahash per second (EH/s) threshold, following a brief increase in computational power on May 26. Since then, the seven-day simple moving average (SMA) shows that the network has decreased by at least 74 EH/s over the past week.

Bitcoin Mining Power Wanes — Network Hashrate Drops Below 600 EH/s

Since the launch of Ordinal inscriptions, Bitcoin-based non-fungible tokens (NFTs) have proliferated, with the blockchain documenting $3.82 billion in NFT sales across more than 3 million transactions. Bitcoin has now ascended to the fourth-largest blockchain by total NFT sales. From Counterparty to Ordinal: Bitcoin NFTs Hit $3.

Bitcoin Blockchain Records $3.82 Billion in NFT Sales, Secures Fourth-Largest Spot

Bitcoin (CRYPTO: BTC) ended last week on a high, with a total net inflow of $48.738 million on May 31, bringing the total net inflow for the week to $170.9 million. What Happened: saw an outflow of $124 million, while and Fidelity's ETF (BATS:FBTC) had inflows of $169 million and $5.9047 million, respectively, According to data from SoSo Value, the Grayscale Bitcoin Trust (OTC:GBTC) had a total net outflow of $260.6 million for the week.

US Bitcoin ETFs Cap $170M Inflow Week As Australia Welcomes First Spot Bitcoin ETF

06/03 update below. This post was originally published on June 1

The Fed Quietly ‘Admits' Gold Is Replacing The Dollar As Collapse ‘Fear' Predicted To Trigger A $15.7 Trillion ETF Bitcoin Price Gold Flip

Bitcoin rallies alongside equity indices as wider markets anticipate a rate cut by the European Central Bank this week.

Bitcoin rallies alongside equities as markets anticipate an ECB rate cut this week

Over the past hour, bitcoin's price has ranged from $68,915 to $69,121, with an intraday spread between $67,440 and $69,305. The 24-hour trading volume for bitcoin (BTC) is $23.02 billion, indicating robust market activity. The market capitalization of bitcoin remains strong at $1.36 trillion.

Bitcoin Technical Analysis: Bulls Poised for Next Leg up, Targeting $70K

“Do not stand at my grave and weep, for I have my Bitcoin.” This adage with a cryptocurrency twist may sound eccentric, but not too far from reality.

News for Bitcoin Crypto (BTC)