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.

Dogecoin

Ethereum

Leading cryptocurrencies fell alongside major stock indexes on Tuesday as investors awaited the first employment report of the year. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 8:20 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Slide Ahead Of Key Jobs Report: Analyst Sees 'Potential Rebound' For BTC Within 3-9 Days

A new report from Coinshares argues that quantum computing poses a manageable, long-term risk to Bitcoin, but a pointed rebuttal from a post-quantum security advocate says that confidence may be misplaced.

While Researchers Say Bitcoin Has Time on Quantum Security, Not Everyone Agrees

Bitcoin's fundamentals are suffering from “extremely bearish conditions,” according to the Bull Score Index, a measure of onchain activity produced by CryptoQuant.

Bitcoin Fundamentals Have Grown “Extremely Bearish,” Says CryptoQuant

Bitcoin Magazine Goldman Sachs Discloses $1.1 Billion Position in Bitcoin ETF Holdings Goldman Sachs revealed it holds $1.1 billion in Bitcoin ETFs, marking somewhat of a shift toward cryptocurrency exposure. Goldman Sachs Discloses $1.1 Billion Position in Bitcoin ETF Holdings Micah Zimmerman.

Goldman Sachs Discloses $1.1 Billion Position in Bitcoin ETF Holdings

Bitcoin Magazine Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says Wall Street's first public bitcoin-backed bond, issued by Ledn and rated by S&P, is facing stress after a 27% bitcoin drop forced liquidations. Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says Micah Zimmerman.

Bitcoin-Backed Bonds Facing Stress Test After Bitcoin Selloff, S&P Says

Robinhood disclosed $1.28 billion in fourth-quarter revenue, missing Wall Street expectations amid crypto's latest downturn.

Robinhood Shares Slide on Q4 Miss Amid Bitcoin, Crypto Weakness

Bitcoin mining rig maker Canaan delivered a dramatic fourth-quarter turnaround, with revenue more than doubling as bitcoin miners rushed back into the market for new hardware, signaling renewed confidence after a sluggish stretch earlier in the year. Mining Hardware Demand Powers Canaan's Fourth-Quarter Comeback Canaan Inc. reported fourth-quarter revenue of $196.3 million, a 121.

Canaan Posts Sharp Q4 Revenue Rebound as Bitcoin Mining Demand Heats Up

On Feb. 10, bitcoin traded between $68,000 and $70,000, consolidating after a volatile start to the month. Finding a Local Bottom Bitcoin oscillated between $68,000 and $70,000 on Feb. 10, as the market took a breather from the extreme volatility that has characterized much of February so far.

Deleveraging Phase: Bitcoin Stabilizes at $70K After February's Volatility Flush

Bitcoin is trading around $69,000 as geopolitical tension continue to weigh on crypto markets. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $69,211 Ethereum (CRYPTO: ETH) $2,021 Solana (CRYPTO: SOL) $83.34 XRP (CRYPTO: XRP) $1.40 Dogecoin (CRYPTO: DOGE) $0.09234 Shiba Inu (CRYPTO: SHIB) $0.055968 Notable Statistics: Coinglass data shows 94,898 traders were liquidated in the past 24 hours for $228.80 million.

Bitcoin At $69,000 Ethereum, XRP, Dogecoin Hold As Markets Await US-Iran Progress

Strategy (NASDAQ:MSTR) executive chairman Michael Saylor on Tuesday said the company won't sell Bitcoin (CRYPTO: BTC) even if it crashes to $8,000, pledging to refinance debt instead. The $8,000 Refinancing Pledge Saylor told CNBC the company has 2.5 years of cash to cover dividends and debt without raising money.

Michael Saylor Says Strategy Won't Sell Bitcoin Even At $8,000: 'We'll Refinance The Debt'

Bitcoin bull Michael Saylor said Tuesday that Strategy will keep buying BTC, even with its bet now billions of dollars underwater.

Strategy Will Buy Bitcoin 'Forever', Says Michael Saylor—Even With $5 Billion Paper Loss

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

The Daily: Strategy's Saylor predicts bitcoin will ‘double or triple' S&P returns, BitMine buys $84M in ETH as Tom Lee flags an ‘attractive' entry point, and more

Strategy Executive Chairman Michael Saylor affirmed the firm's commitment to a long-term bitcoin strategy following major fourth quarter losses and a continued plunge in prices early this year.

Concerns over Strategy selling bitcoin are 'unfounded,' Michael Saylor says

When Bitcoin (CRYPTO: BTC) hit the panic tape, Jim Cramer hit the TV. That's the problem.

Peter Lynch's Protege Calls Cramer's $60K Bitcoin Reserve Theory 'Complete Nonsense'

Interactive Brokers (NASDAQ:IBKR) on Tuesday launched Coinbase (NASDAQ:COIN) Derivatives nano Bitcoin and Ether futures with 24/7 trading. The Crypto Futures Launch The new contracts come in two formats: monthly expirations or perpetual-style futures that don't require rolling.

Interactive Brokers Expands Bitcoin, Ethereum Trading With Coinbase Cooperation

According to Grayscale, Bitcoin's (CRYPTO: BTC) recent volatility reflects its transition from a growth asset to a mature store of value, with the latest sell-off driven by macro derisking rather than crypto-specific weakness. Bitcoin's Transition: From Growth Asset To Digital Gold In its Market Byte report published on Monday, Grayscale notes that Bitcoin's sell-off accelerated into early February, briefly pushing prices toward $60,000, while altcoins saw even sharper declines.

Has Bitcoin Failed As A Store Of Value? No, It's Just Maturing, Grayscale Argues

Bitcoin Magazine U.S. Treasury: Passing the Clarity Act is Critical for U.S. Bitcoin and Crypto Sovereignty Treasury Secretary Scott Bessent recently pressed lawmakers to act on stalled crypto legislation, saying the United States must secure clear market structure rules before the end of the spring legislative window. U.S. Treasury: Passing the Clarity Act is Critical for U.S. Bitcoin and Crypto Sovereignty Micah Zimmerman.

U.S. Treasury: Passing the Clarity Act is Critical for U.S. Bitcoin and Crypto Sovereignty

Strategy continues expanding its bitcoin holdings even as its treasury value sits below total acquisition cost following the recent pullback.

Saylor says bitcoin will ‘double or triple' S&P returns over coming years, vows Strategy won't be selling

U.S. Bitcoin (CRYPTO: BTC) ETFs recorded back-to-back inflows totaling $616 million for the first time in a month, yet total holdings dipped only 6% despite Bitcoin's 50% crash as BTC tests critical $68,000 support. The Institutional Conviction Bitcoin ETFs registered consecutive inflows starting Friday with $471.1 million, followed by $144.9 million on Monday, according to SoSo Value data.

Bitcoin ETFs See $616M Inflows—So Why Is BTC Stuck Below $70,000?

Interactive Brokers has onboarded nano BTC and ETH futures from Coinbase Derivatives for expanded 24/7 crypto derivatives trading.

Interactive Brokers adds nano Bitcoin, Ether futures via Coinbase Derivatives

Bitcoin Magazine Interactive Brokers Adds Nano Bitcoin Futures Via Coinbase Derivatives Interactive Brokers now offers nano Bitcoin futures via Coinbase Derivatives, providing smaller, lower-risk, and perpetual-style contracts to broaden regulated crypto access for its clients. Interactive Brokers Adds Nano Bitcoin Futures Via Coinbase Derivatives Micah Zimmerman.

Interactive Brokers Adds Nano Bitcoin Futures Via Coinbase Derivatives

Two Trump administration officials suggested markets should brace for weaker-than-expected January employment data.

Bitcoin remains in tight range under $70,000 ahead of Wednesday's U.S. jobs report

Canaan's hardware shipments hit a record level in the quarter, helped by large North American mining orders.

Canaan revenue more than doubles in Q4 as bitcoin miner grows treasury to record levels

If bitcoin continues to fall, Strategy plans to just refinance its debt, claims CEO Michael Saylor.

Michael Saylor downplays Strategy credit risk as bitcoin tumbles: 'We'll refinance the debt'

Bitcoin Magazine ‘We're Not Selling': Strategy's (MSTR) Michael Saylor Doubles Down on Bitcoin Buys Michael Saylor defended Strategy's bitcoin-buying strategy on CNBC's Squawk Box today, brushing off fears the company could be forced to sell Bitcoin in a prolonged downturn. ‘We're Not Selling': Strategy's (MSTR) Michael Saylor Doubles Down on Bitcoin Buys Micah Zimmerman.

News for Bitcoin Crypto (BTC)