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.

Early Bitcoin (CRYPTO: BTC) investor Roger Ver reached a settlement with the Department of Justice on Tuesday over his tax evasion case, paying nearly $50 million in back taxes and penalties. Ver Admits To Misconduct Ver confessed to intentionally not disclosing his Bitcoin holdings and paying the required capital gains tax on their sale, the DOJ said in a press release, resulting in a loss of nearly $17 million to the U.S.

'Bitcoin Jesus' Roger Ver Pays $50 Million To Settle Tax Evasion Case With DOJ, Admits To 'Intentional Violation' Of Legal Duty

Sen. Cynthia Lummis (R-Wyo.) referenced Elon Musk's argument on Bitcoin's (CRYPTO: BTC) energy model on Tuesday to build a case for a strategic reserve of the cryptocurrency Lummis Supports Musk's Thesis Lummis lent support to Musk's statement that “Bitcoin is based on energy” and, unlike fiat currencies, governments cannot “fake” energy by printing it.

Elon Musk's Bitcoin Energy Thesis Cited By Cynthia Lummis To Back Strategic Reserve, While Pierre Farragu Hails It As BTC's Most 'Compelling' Argument

Public companies boosted Bitcoin holdings to record highs last quarter, underscoring rising institutional confidence amid market volatility.

Corporate Bitcoin Holdings Jump to $117B as Firms Double Down on Crypto Treasuries

Dogecoin

Ethereum

The comeback rally was short-lived as President Donald Trump's latest trade barb against China sent leading cryptocurrencies lower on Tuesday. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m.

Bitcoin Tumbles As Trump Reignites China Trade Tensions; Ethereum, XRP, Dogecoin Fall: Analyst Says BTC 'Must' Reclaim This Level Or Drop Below $100K

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Asia Morning Briefing: Structural Demand Anchors Bitcoin After Record $20B Liquidation

Roger Ver admitted to willfully failing to report his bitcoin holdings when he renounced U.S. citizenship in 2014, according to the DOJ.

Roger Ver admits failing to report bitcoin holdings, DOJ drops indictment after $50 million settlement

Gold hit a new high on Monday, while Bitcoin remains wounded. Will crypto still be an asset of choice for traders wanting to dodge currency debasement?

Does the Bitcoin 'Debasement Trade' Narrative Still Hold Up After the Crash?

The correlation between NodeMonkes picking up trade volume whenever Bitcoin makes a new all-time high is undeniable.

NodeMonkes surge again as bitcoin rallies, volume hits yearly record

Ethereum is slightly outperforming Bitcoin on the year, but it's lost ground in recent weeks.

Bitcoin Reasserts Dominance Over Ethereum as Trump Trade Spat Escalates

Bitcoin Magazine Bitcoin Price Settles at $113,000 a Week After Hitting All-Time Highs Bitcoin price is settling near $113,000 today, as the market stabilizes from one of its most violent corrections in years. Bitcoin Price Settles at $113,000 a Week After Hitting All-Time Highs Micah Zimmerman.

Bitcoin Price Settles at $113,000 a Week After Hitting All-Time Highs

Ahead of his exit, New York City Mayor Eric Adams signed an executive order Tuesday to establish a crypto-focused office for the city.

'Bitcoin Mayor' Eric Adams Establishes NYC Digital Assets and Blockchain Office

Bitcoin and ether tumbled on Tuesday as U.S.-China tension ramped up, wiping out a rally the day before that was fueled by President Donald Trump's conciliatory trade remarks.

Bitcoin, ether drop as US-China tensions flare up, erasing Monday's gains

Crypto markets posted big declines on Tuesday, but signs of relief from the Federal Reserve helped prices bounce off their worst levels. A late day Truth Social post from President Trump reminded bulls that he has the power to reverse rising asset prices at any time.

Bitcoin's Leverage Flush Favors Accumulation, K33 Says

The world's two largest economies continue to tussle over key industries related to defense and national security. U.S.-China Tensions Trigger Mid-Morning Bitcoin Slump Washington and Beijing were at it again on Tuesday morning as China moved to sanction five U.S. subsidiaries of Hanwha Ocean, a South Korean ship manufacturer with alleged links to the U.S.

Bitcoin Tumbles as US-China Tensions Rise Again

Bitcoin is back $113,000 after U.S. trade representative Jamieson Greer signaled president Trump may still meet China's president Xi later this month. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $113,089.21 Ethereum (CRYPTO: ETH) $4,125.27 Solana (CRYPTO: SOL) $202.77 XRP (CRYPTO: XRP) $2.51 Dogecoin (CRYPTO: DOGE) $0.2040 Shiba Inu (CRYPTO: SHIB) $0.00001071 Notable Statistics: Coinglass data shows 210,252 traders were liquidated in the past 24 hours for $716.20 million.

Bitcoin Rebounds To $113,000, Dogecoin Recovers To 20 Cents But Ethereum, XRP Slide Over 2%

Bitcoin and ether exchange-traded funds (ETFs) posted a combined $756 million in outflows after two weeks of blockbuster inflows, as crypto ETFs stumbled into the new week.

Bitcoin and Ether ETFs Begin the Week With $756 Million in Combined Outflows

Stablecoin giant Tether has paid out almost $300 million to settle claims regarding allegedly improper Bitcoin liquidations tied to the collapse of crypto lender Celsius.

Tether Pays $300 Million to Settle Celsius Lawsuit Over $4.5 Billion in Bitcoin

Solana

Pseudonymous millionaire crypto trader Unipcs remains bullish on digital assets despite widespread pessimism following the “brutal” Oct. 10 selloff. What Happened: Unipcs noted in a message on his private Telegram channel that the recent market wipeout, estimated to have caused $40 billion in liquidations, was the largest in crypto history, surpassing both the COVID crash and the FTX collapse combined.

Millionaire Trader Lost $15M But Says BTC, ETH, SOL Remain Bullish In Q4

Rep. Troy Downing (R-MT) said the bill would “supercharge” the financial security of Americans by exposing their retirement savings to alternative assets.

Republican Bill Aims to Make Trump's Bitcoin and Crypto 401K Order Federal Law

Bitcoin Magazine Elon Musk Praises Bitcoin's Resistance to Inflation: ‘It is Impossible to Fake Energy' Elon Musk praised Bitcoin as energy-based and resistant to inflation, contrasting it with “fake fiat.” Elon Musk Praises Bitcoin's Resistance to Inflation: ‘It is Impossible to Fake Energy' Micah Zimmerman.

Elon Musk Praises Bitcoin's Resistance to Inflation: ‘It is Impossible to Fake Energy'

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: US government bitcoin holdings surge to $36 billion, crypto ETFs see $755M in outflows after market wipeout, and more

Bitcoin Magazine BlackRock to Develop Tokenization Tech as Bitcoin ETF Passes $100 Billion in Assets BlackRock is developing technology to tokenize a wide range of assets and expand its digital investment offerings. BlackRock to Develop Tokenization Tech as Bitcoin ETF Passes $100 Billion in Assets Micah Zimmerman.

BlackRock to Develop Tokenization Tech as Bitcoin ETF Passes $100 Billion in Assets

As the Justice Department pursues Prince Group's leader, the Treasury Department sanctioned the company while also severing Huione from the U.S. finance.

U.S. Targets Cambodian Pig Butchering, Takes $14B in Bitcoin as Biggest Ever Seizure

Elon Musk praised Bitcoin's energy foundation years after criticizing crypto's power consumption and halting Tesla BTC payments.

Elon Musk Gushes About Bitcoin 'Energy' Demands—Years After Environmental Gripes

An early investor in bitcoins dubbed the "Bitcoin Jesus" has agreed to pay up to $49.9 million to resolve U.S. charges that he evaded paying tens of millions of dollars in taxes, the U.S. Department of Justice said on Tuesday.

News for Bitcoin Crypto (BTC)