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.

The Binance founder urged holders to spread funds across multiple wallets as Galaxy Research put the toll from the Coldcard exploit at roughly $70 million—nearly double the initial estimate.

CZ Warns Bitcoin Holders After $70 Million Wallet Exploit: 'Nothing is 100%'

Difficulty falls as weak mining economics reduce capacity, while forward markets signal little relief through year-end.

Bitcoin mining difficulty shrinks 14% from this year's high as plunging revenues force operators to pivot

CME argues that because bitcoin is a commodity, options tied to its value fall under CFTC jurisdiction, not the SEC's authority.

SEC to review Nasdaq bitcoin options approval after CME challenge

Bitcoin slipped below $63,000 this week as a major hardware wallet security incident rattled confidence just as traders are preparing for two separate August events that could influence sentiment across the network. The world's largest cryptocurrency traded between roughly $62,300 and $63,100 during early Saturday trading sessions after briefly pushing above $65,000 a day earlier.

Coldcard Exploit Fuels Market Fear as 2 Bitcoin Forks Loom Ahead

Strategy posts an $8.22 billion net loss for Q2 2026 due to Bitcoin's price decline but builds a $3.75 billion USD reserve and grows holdings to 843,775 BTC. The post Bitcoin (BTC) Drop Forces Strategy Into $8,220,000,000 Quarterly Loss While Cash Reserves Grow appeared first on The Daily Hodl.

Bitcoin (BTC) Drop Forces Strategy Into $8,220,000,000 Quarterly Loss While Cash Reserves Grow

Galaxy Research said weak seed generation let an attacker recreate likely private keys offline, sweep more than 1,000 BTC from nearly 1,200 wallets and continue searching without ever accessing the devices.

How bitcoin cold wallets lost $70 million in an attack that never touched the devices

An attacker exploited weak seeds generated by certain Coldcard hardware wallets to steal bitcoin worth roughly tens of millions from hundreds of addresses on July 30.

The Coldcard Exploit Explained: Who Lost Bitcoin and Who's at Risk

A flaw in Coldcard seed generation reduced entropy on multiple models and firmware versions, leading to the theft of 594 BTC from 500 addresses. The post Galaxy Digital Says $70,000,000 Drained From Bitcoin Holders in Coldcard Wallet Exploit appeared first on The Daily Hodl.

Galaxy Digital Says $70,000,000 Drained From Bitcoin Holders in Coldcard Wallet Exploit

Bitcoin (CRYPTO: BTC) is showing early signs of separating from equities as crypto infrastructure, tokenization and institutional access lay the foundation for the market's next growth cycle. Why Snyder Has ‘Never Been More Bullish‘ In an interview with Scott Melker on July 30, 21Shares co-founder Ophelia Snyder said Bitcoin's muted reaction to a hawkish Federal Reserve meeting could indicate that it has absorbed much of the selling pressure from nervous investors.

Bitcoin 'Feels Oversold,' Expert Says: What Could Take It Back to $70,000?

Experts have since said that those holding Bitcoin on a Coldcard device should move funds now.

Coldcard Bitcoin Thief Likely Used Top Blockchain Services Provider: Report

The largest crypto shrugged off a barrage of bad news this month, but traders remain cautious as rate hike fears and jobs data loom.

Bitcoin holds July gain, eye as 'forced-selling fuel was already spent,' analysts say

Galaxy said nearly 1,200 addresses were drained of more than 1,000 BTC worth roughly $70 million tied to a Coldcard vulnerability.

Bitcoin losses linked to Coldcard vulnerability grows to $70 million, Galaxy Research says

Bitcoin fell nearly $3,000 on July 31, dropping to an intraday low of $62,369 and slashing its monthly gain from 10% to 4.5%. Market capitalization fell from $1.3 trillion to $1.26 trillion.

Bitcoin Traders Lose $100M as BTC Drops $3K in 12 Hours

Dogecoin

Ethereum

Bitcoin struggled to gain momentum on Friday despite tis week's robust spot ETF inflows. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $63,125 Ethereum (CRYPTO: ETH) $1,870 Solana (CRYPTO: SOL) $73.29 XRP (CRYPTO: XRP) $1.06 Dogecoin (CRYPTO: DOGE) $0.06999 Shiba Inu (CRYPTO: SHIB) $0.054744 Notable Statistics: Coinglass data shows 94,015 traders were liquidated in the past 24 hours for $359.33 million.

Bitcoin Stuck at $63,000, Ethereum, XRP, Dogecoin Down up to 2% on Weak Friday

The largest stablecoin company reported a $446 million market capitalization increase despite a general market slowdown in Q2. While most of USDT's collateral is still comprised of U.S. Treasury bills, the company grew its gold stash by 14 tons of physical gold, with a net revenue of $1.5 billion. Tether Releases Q2 Attestation, Reports $1.

USDT Issuer Tether Hits $1.5B Q2 Profit, Hoards 98,932 Bitcoin

TD Cowen and Benchmark reiterated buy on Strategy after an $8.2 billion Q2 loss and a corporate STRC-to-par push.

Analysts back Strategy's cash buildup as Saylor shifts from ‘100% bitcoin' approach

Billionaire investor Ray Dalio said he holds roughly 1% of his portfolio in Bitcoin (CRYPTO: BTC), viewing it as a form of money that cannot be printed. However, he continues to prefer gold as a long-term store of value.

Ray Dalio Owns 1% in Bitcoin as 'Money That You Can't Print' but 'Prefers the Gold Bars'

Bitcoin ETFs attracted $233.13 million on Thursday, extending their recovery to a second straight session. Ether, XRP, and solana funds also finished in positive territory, while HYPE ETFs recorded no net flows. 7 Bitcoin Funds Gain as Blackrock Pulls $183.38M The institutional bid for bitcoin returned with force.

Blackrock Drives 79% of Bitcoin ETFs $233M Inflow

The news comes after the U.S. froze Iran's other digital assets.

US Closes in on Iran's Strait of Hormuz Bitcoin Insurance Policy, Sanctions Companies

Over $70 million in Bitcoin has been pinched. Coldcard has since urged its users to take precautions.

Coldcard Wallet Flaw Exposes Years of Bitcoin Seeds After $70M in BTC Stolen

Strategy Inc (NASDAQ:MSTR) Executive Chairman Michael Saylor has spent years convincing investors that Bitcoin (CRYPTO:$BTC) is the company's biggest asset. Now, he says the next trillion-dollar opportunity isn't owning more Bitcoin—it's building a business on top of it.

Michael Saylor Says Strategy's Next $1 Trillion Opportunity Isn't Bitcoin

OFAC sanctioned two Iranian firms including Hormuz Safe, which “accepts payment in Bitcoin and other digital assets.”

US Treasury Sanctions Iranian Firms Taking Bitcoin for Hormuz Passage

Bitcoin (CRYPTO: BTC) could be approaching another period of weakness after posting a double-digit gain in July if it follows a familiar midterm-year bear market pattern. July Often Acts As Relief In a July 31 podcast, crypto analyst Benjamin Cowen noted that Bitcoin gained around 10% in July, consistent with prior midterm-election years when the cryptocurrency staged relief rallies after sharp declines in June.

Bitcoin's 10% July Rally May Be the Prologue of an August Pullback, Expert Warns

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) are both flashing bearish structure signals as analysts warn $60,000 and $1,686 are the next targets if key support levels fail. What Analysts Are Saying About Bitcoin Van de Poppe: $60,000 Is the Last Line Analyst Michaël van de Poppe said on X that a $38 million Coldcard hardware wallet drain hit markets Thursday, pulling Bitcoin below key moving averages.

Bitcoin, Ethereum Flash Bearish Signals: Are $60,000 And $1,700 Next?

The Treasury Department said the Hormuz Safe platform accepted bitcoin and other digital assets as part of an alleged sanctions workaround tied to IRGC-backed shipping controls.

News for Bitcoin Crypto (BTC)