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.

Over the last hour, bitcoin's price stood between $78,400 to $78,743 per coin on Thursday morning, up 2.5% over 24 hours as buyers defended a crucial support area while resistance near $79,000 and higher continued to slow the recovery. In the volatile land of wild bitcoin prices, the Sept.

Bitcoin Price Surges as Bulls Slam Into $79,000 Resistance

Bitcoin's (CRYPTO: BTC) pullback from $82,000 to $78,000 is a healthy consolidation rather than the start of another major downturn, according to Bitcoin advocate Mike Alfred. Speaking with Scott Melker on Sep. 2, Alfred said Bitcoin holding above $76,000 despite rising Treasury yields and higher oil price signals a shift in market structure.

Bitcoin Dips to $78,000 but $300,000 Remains the Big Target, Investor Says

A $70 million feature film titled Bitcoin, starring Gal Gadot, Casey Affleck, Pete Davidson, and Isla Fisher and directed by Doug Liman, has entered post-production. Bitcoin Movie Enters Post-Production New reports suggest that the bitcoin movie featuring several A-list Hollywood actors is in post-production, typically the fifth stage of the seven-step filmmaking process.

$70M Bitcoin Movie Portrays Craig Wright as Satoshi

Bitcoin (CRYPTO: BTC) is increasingly trading like digital gold, a shift Bitwise Europe Research Director André Dragosch says reflects changing investor perceptions of BTC. Is Bitcoin Decoupling From Stocks?

Bitcoin-Gold Correlation Hits 6-Year High: What Is Going On?

Bitcoin (CRYPTO: BTC) could hit $90,000 by October if September ends up being a positive month, according to market analyst Erik Crown. The former NYSE market maker told Cointelegraph on Wednesday that he spotted all the signals he needed to call a bottom around Bitcoin's $60,000 July low: Signal Reading Weekly RSI Dropped below 30 MVRV Fell below 1 Puell Multiple Dropped below 0.5 21-week EMA Stretched more than 25% from price Exchange volume Below the 5th percentile of its entire history — quieter than 95% of all days on record Source: Erik Crown on Cointelegraph Podcast Crown argued that this kind of extreme apathy has historically preceded major reversals, pointing to 2015, 2019, and 2022 as prior examples.

Bitcoin Could Hit $90,000 By October Under One Condition, Analyst Says

Those following markets have likely heard the standard line by now. It says rising government bond yields across the developed world are a headwind for bitcoin and crypto more broadly.

FX has stopped reading bond yields the old way. Bitcoin should too.

Yen's rise has led to a broad-based USD weakness, driving the Dollar Index lower. BTC and gold are loving it, for now.

The yen is surging and it's helping bitcoin, for now

Glassnode is less convinced by bitcoin's recent divergence from U.S. equities, saying similar moves have previously been short-lived.

Bitcoin-gold correlation hits six-year high, but analysts question whether equity decoupling will last

Well-known investor Ross Gerber highlighted fundamental differences in how public stocks like Space Exploration Technologies Corp. (NASDAQ:SPCX) are valued compared with Bitcoin (CRYPTO: BTC). ‘Well-Worn Methods' Available to Value Public Stocks In an exclusive interview with Benzinga, Gerber said he finds Bitcoin price predictions “one of the funnier ideas,” questioning how anyone can set a target for an asset with no earnings or revenue.

Ross Gerber Points to SpaceX to Explain Why He Finds Bitcoin Price Predictions 'One of the Funnier Ideas'

Japan-listed Remixpoint has sold its entire altcoin portfolio and will now hold only bitcoin as part of a more concentrated crypto strategy. The company exited ETH, SOL, XRP, and DOGE positions for about $5.54 million (¥879 million), locking in roughly $743,270 (¥118 million) in profit.

Remixpoint Goes All-In on Bitcoin After $5.54 Million Altcoin Sale

Arbitrum

BTC rose 0.76% since midnight as a softer dollar lifted equities and metals alongside crypto, while ARB and PONS pushed higher for a third session.

Bitcoin recovers toward $78,000 as pons and arbitrum extend Robinhood Chain rally

BTC is nearing a bullish golden cross, a widely tracked signal with a mixed record of success in crypto markets. But this time, USDT is supporting the bullish read.

Bitcoin's fabled golden cross is coming. And USDT may be the real signal this time

Dogecoin

Remixpoint booked gains on ether, solana and XRP, but sold DOGE below its fiscal-year opening value as it concentrated its crypto holdings in bitcoin.

Dogecoin becomes only losing bet for Japan-listed firm as it sells altcoins for bitcoin

Every major token is green over 24 hours, though only zcash and hyperliquid are holding gains on the week.

Bitcoin back above $77,500, XRP leads majors as Fed hike odds near 66%

Cryptocurrency asset management giant Grayscale noted on Wednesday that Bitcoin (CRYPTO: BTC) is gradually decoupling from technology stocks while its correlation with gold continues to rise. Bitcoin No More Moving Like a Tech Stock?

Bitcoin Decoupling From Nasdaq, Says Grayscale as 'Debasement Trade' Comes Into Focus: Rising Debt, Deficit 'Pushing' Investors to BTC, Gold

Ethereum

The cryptocurrency market remained muted on Wednesday, even as softer private employment data modestly reducing the odds of a rate hike. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:15 p.m.

Bitcoin, XRP, Dogecoin Gain; Ethereum Dips as Jobs Data Trims Rate Hike Odds: Correction Not Lessening Appetite of Whales, Notes Analyst

Fidelity Digital Assets says future quantum computers could derive Bitcoin private keys from exposed public keys, threatening funds. A proposed hash-based signature system could strengthen security, although larger signatures would reduce transaction throughput and complicate wallet recovery.

Fidelity Warns Bitcoin's Private Keys Face Future Quantum Risk

A massive short squeeze on Aug. 19, which is the largest single-day short liquidation event recorded by Glassnode since 2019, catalyzed a bitcoin price rally toward $80,000. Record Squeeze Triggers Price Rebound The massive wave of short liquidations on Aug.

Record Squeeze Drives Bitcoin Price Rally, But $83K Resistance Looms

Bitcoin (CRYPTO: BTC) may have staged a powerful August recovery, but it still needs to clear a critical structural hurdle before confirming a new bull market, according to analysts. Is Bitcoin Repeating 2023?

Bitcoin Rallied 25% in August but You May Not Want to Get Too Excited

According to metrics, last month, bitcoin miners logged their best month in revenue since May, capturing $1 billion in profits between the subsidy and fees. The strong earnings were fueled by bitcoin's price rising 24.95% in August, giving mining operators some much-needed breathing room.

Bitcoin Miners Pocket $1B in August, but Halving Pain Still Lingers

The Japanese company booked a ¥117.8 million profit after selling its ETH, SOL, XRP and DOGE, leaving roughly 1,506 BTC as its only cryptocurrency holding.

Japan's Remixpoint Dumps Ethereum, XRP in Shift to Bitcoin-Only Treasury

Bitcoin treasury companies are rewriting their playbook shifting from aggressive Bitcoin (CRYPTO: BTC) accumulation towards acquiring profitable businesses that can generate cash. DAT's Evolving Model The market value of fully diluted Bitcoin treasury company stocks has fallen by nearly $69 billion from its October peak of $141 billion, according to Artemis data cited by Bloomberg.

Can Bitcoin Treasury Firms Become the Next Berkshire Hathaway?

Bitcoin (CRYPTO: BTC) and XRP (CRYPTO: XRP) are flashing a bearish “Bart Simpson pattern” as analysts warn the sharp August rally could fully reverse if key levels fail to hold. How the Bart Simpson Pattern Forms According to CoinDesk, the Bart Simpson pattern has three phases.

Bitcoin, XRP Flash Bearish 'Bart Simpson' Pattern: What Does It Mean?

The Mexican business magnate continues to tell people to escape what he calls the "fiat fraud."

Mexican Billionaire Ricardo Salinas Tells People To Escape Fiat Inflation With Bitcoin

Cornell University spoke to 25,880 people about using bitcoin. While many don't understand the tech in depth, it's proving useful for some.

News for Bitcoin Crypto (BTC)