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 Magazine Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding Harvard's endowment has made Bitcoin ETFs its largest publicly disclosed investment. Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding Micah Zimmerman.

Harvard Triples Bitcoin ETF Stake, Makes It Largest Public Holding

Bitcoin BTC$92,818.34 slumped to a fresh six-month low on Monday, extending its multi-week retreat as crypto sentiment continued to deteriorate.

Bitcoin Slips Below $93K as Crypto Weakness Worsens, but Local Bottom Could Be Near, Analysts Say

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

The Daily: Bitcoin hits six-month low amid cycle peak fears, Strategy's ‘big week,' and more

TD Cowen analysts said potential catalysts like possible S&P 500 inclusion and clearer U.S. bitcoin rules could help steady investor demand.

TD Cowen sees 170% upside for Strategy shares despite mNAV dip, bitcoin battering

XRP retreated sharply from the $2.30 ceiling on Tuesday as profit-taking overwhelmed buying interest, with a surge in institutional volume confirming that resistance remains structurally intact.

XRP Slumps 5% as Bitcoin's Break Under $93,000 Leads to Bearish Outlook For Majors

A man convicted of hijacking celebrity and brand Twitter accounts in 2020 to perpetrate a Bitcoin scam has to pay back over $5 million.

UK Man Who Hacked Musk, Obama Accounts for Bitcoin Scam Ordered to Pay Back $5 Million

On Monday, bitcoin drifted between $93,029 and $95,903 per coin, dipping into territory it hasn't touched since May. While traders braced for the slide, South Korea's crypto market has kept things spicy with a premium that's been holding strong since mid-September, peaking at 8.27%.

South Korea's Bitcoin Premium Roars Back, Blasting Well Past Global Averages

Analysts are warning the crypto market could be about to lose another $1 trillion

Serious $1 Trillion Crypto Price Crash Warning Sparks Panic As Bitcoin Drop Suddenly Accelerates

Ethereum

The products are expected to debut next month.

Almost Perpetual? CBOE to Offer 'Continuous' Bitcoin, Ethereum Futures

Bitcoin (CRYPTO: BTC) made a death cross over the weekend, a technical signal that can signal either bullish or bearish price action. What Happened: In a X post, crypto analyst Benjamin Cowen noted that while past death crosses have frequently marked local bottoms, this pattern breaks down once the macro cycle ends.

Bitcoin Made A Death Cross — Here's What It Really Means

Cboe Global Markets will debut bitcoin BTC$95,789.16 and ether ETH$3,204.60 “continuous futures” on Dec. 15, making it the first U.S. exchange to offer crypto derivatives designed to function like perpetual futures.

Cboe to Debut Bitcoin, Ether ‘Perpetual-Style' Crypto Futures on Dec. 15

Cboe is set to debut bitcoin and ether “continuous” futures on Dec. 15, offering perpetual-style exposure on a U.S.-regulated exchange.

Cboe to launch perpetual-style bitcoin and ether futures on Dec. 15

Digital asset investment products shed $2 billion last week amid monetary-policy uncertainty and accelerating risk-off sentiment.

BlackRock's Bitcoin ETF Sheds Record $463M as Crypto Funds See Worst Week Since February

The bitcoin miner said production also rose despite an "increase in network difficulty" to 717 BTC, currently worth about $67.5 million.

Bitcoin miner HIVE reports ‘record' revenue as BTC production jumps

Bitcoin Magazine Cboe to Launch Continuous Bitcoin Futures on December 15 Cboe Global Markets (Cboe: CBOE) announced that, pending regulatory approval, it will launch Bitcoin Continuous Futures (PBT) on its Cboe Futures Exchange (CFE) starting December 15. Cboe to Launch Continuous Bitcoin Futures on December 15 Micah Zimmerman.

Cboe to Launch Continuous Bitcoin Futures on December 15

Cboe is gearing up to launch bitcoin and ether continuous futures this December, introducing long-term, perpetual-style contracts designed to offer crypto exposure without the headache of constant rolls. U.S. Traders Get Perpetual-Style Bitcoin and Ether Futures via Cboe in December Cboe Global Markets plans to roll out bitcoin and ether continuous futures on Dec.

Cboe Sets Dec. 15 Launch for New Bitcoin and Ether Continuous Futures

Strategy's euro-denominated preferred shares debuted earlier this month.

Strategy Shares Dip Despite $835 Million Bitcoin Purchase—Its Largest in 4 Months

Over the past week the number of unique entities holding at least 1,000 BTC has climbed to 1,436 even as bitcoin has tumbled and held firmly below $100,000.

Bitcoin Accumulation Amid Market Weakness? Sharp Rise in 1K BTC Holders Suggests So

Strategy Inc. (NASDAQ:MSTR) disclosed an $835.6 million Bitcoin (CRYPTO: BTC) purchase for the week ending Nov. 16 as Tom Lee said the company "could end up being one of the largest" in the market. Tom Lee Says Strategy Inc. Is Rewriting Market History WATCH: Tom Lee says Strategy could end up becoming the largest company in the stock market, especially if Bitcoin reaches $1 million.

Tom Lee Says MSTR Could Become 'One Of The Largest Companies' As Strategy Adds $800M In Bitcoin

Bitcoin Magazine BTC Inc Appoints Brandon Green as Chief Executive Officer Reports Significant Year-to-Date Growth in Revenue and Global Audience Engagement. BTC Inc Appoints Brandon Green as Chief Executive Officer Bitcoin Magazine.

BTC Inc Appoints Brandon Green as Chief Executive Officer

Bitcoin's (CRYPTO: BTC) fall from grace has sparked debate about whether the decline was driven by long-term holder (LTH) distribution or a wave of short-term panic selling. What Happened: According to CryptoQuant, the decline was overwhelmingly driven by short-term holder (STH) capitulation, not long-term investor selling.

The Real Reason Behind Bitcoin's Drop From $126,000 To $95,000 In 6 Weeks

Bitcoin Magazine Japan Moves to Put Bitcoin Under Financial Product Rules, Slash Crypto Taxes to 20% Japan's FSA plans to reclassify 105 cryptocurrencies, including bitcoin, as financial products, imposing securities-like disclosure, reporting, and market oversight requirements on exchanges. Japan Moves to Put Bitcoin Under Financial Product Rules, Slash Crypto Taxes to 20% Micah Zimmerman.

Japan Moves to Put Bitcoin Under Financial Product Rules, Slash Crypto Taxes to 20%

Bitcoin has erased nearly all of its year-to-date gains after a sharp drop from all-time highs, raising fresh debate over whether the market is nearing a cycle bottom or entering a deeper correction. With macro data set to flood markets this week, volatility across crypto is expected to remain elevated.

Crypto Markets Brace for Macro Volatility as Bitcoin Weakens

Issuance will continue to decline through each Bitcoin halving cycle, with the final fractions expected to be mined around 2140.

Bitcoin's mined supply crosses 95% of 21 million cap with more than a century of issuance left

Bitcoin Magazine Bitcoin Price Trades Near $93,000 as Strategy (MSTR) Adds 8,178 BTC in Largest Purchase Since July Strategy acquired 8,178 Bitcoin last week at average price of $102,171 per Bitcoin. Bitcoin Price Trades Near $93,000 as Strategy (MSTR) Adds 8,178 BTC in Largest Purchase Since July Micah Zimmerman.

News for Bitcoin Crypto (BTC)