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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.

More bitcoin trading is shifting to the weekdays, when spot bitcoin ETF trading is open and market makers have easy access to capital, Kaiko says.

Bitcoin sees all-time-low weekend trading levels following ETF approvals: Kaiko

As bitcoin continues to lead the cryptocurrency market, its notable climb beyond previous peaks has drawn the interest of investors and supporters alike. The dominant cryptocurrency's latest performance suggests it might approach a triple top, potentially exceeding $90,000.

The Six-Digit Struggle: What if Bitcoin Falls Short of $100K?

Bitcoin (BTC) miners are reportedly hedging against the recent downturn in prices by mining other cryptocurrencies, according to the CEO of CryptoQuant.

Bitcoin Mining Companies Switching to Other Coins Amid Rising Cost of Operations: CryptoQuant CEO

Rekt Capital, a well-known crypto strategist, has issued a warning about a potential further correction for Bitcoin (CRYPTO: BTC), suggesting a possible drop to $55,000. What Happened: The analyst, who has previously accurately predicted Bitcoin's pre-halving pullback, recently stated that the cryptocurrency could correct to much lower levels.

Bitcoin May Face Another Correction, Dropping To $55,000, Predicts Crypto Analyst

Ethereum

Billionaire bitcoin buyer Peter Thiel has revealed he's sold much of his bitcoin

Billionaire Bitcoin Buyer Reveals Shock Flip After Ethereum, XRP And Crypto Price Boom

A closely followed on-chain analyst thinks a deeper drawdown could ultimately end up as the spark that ignites a Bitcoin (BTC) rally to fresh highs.

Analyst Says Lower Prices for Bitcoin Could Serve As Catalyst for Rally to New Highs – Here's What He Means

Dell CEO Michael Dell recently conducted a poll asking people to identify the most important factor among artificial intelligence (AI), love and relationships, and the crypto asset network Bitcoin. The poll concluded with Bitcoin receiving a majority of the more than 64,000 votes.

Bitcoin Tops Michael Dell's Poll on X, Outshining AI and Love With Over 64,000 Votes

After a price drop on June 24, the Bitcoin (BTC) price is consolidating above the psychological price threshold of $60,000.

Bitcoin Holds Above $60,000 As Traders Fight For Price Control

Rich Dad Poor Dad author Robert Kiyosaki has cautioned against investing in bitcoin exchange-traded funds (ETFs). He prefers investing in actual bitcoin, calling bitcoin ETFs fake bitcoin. He recently revealed that he buys bitcoin every month and is following Warren Buffett's strategy of buying and holding.

Robert Kiyosaki Cautions Against Bitcoin ETFs — Prefers Owning ‘Real Bitcoin'

Spot bitcoin exchange-traded funds (ETFs) trading in the United States experienced their fourth straight day of net inflows on Friday. Data from sosovalue.xyz shows $73.05 million was added during the trading sessions, with Blackrock's IBIT leading the pack. Spot Bitcoin ETFs Enjoy Four-Day Inflow Streak On Friday, the 11 spot bitcoin ETFs saw $73.

Blackrock's IBIT Leads as Spot Bitcoin ETFs See $73M in Daily Net Inflow

With bitcoin's price declining 5% over the past week, miners have been experiencing reduced revenue as the hashprice has dropped to a level not seen since May. Currently, the hashprice, which is the estimated daily value of 1 petahash per second (PH/s), is below $50 and hovering just above $47 per PH/s.

Bitcoin Miners See 100 EH/s Exit Network as Prices and Revenues Fall

As the week comes to a close, the world of finance and cryptocurrency has been anything but quiet. From former President Donald Trump‘s potential crypto fortune to the introduction of a bill allowing federal tax payments in Bitcoin, the news cycle has been buzzing with intriguing developments.

Trump's Crypto Fortune, Proposal For Bill Allowing Federal Tax Payments In Bitcoin, And More: Crypto Weekly Round-Up

According to data, several longtime holders have recently reactivated wallets containing hundreds of bitcoins for the first time in years. One inactive address, created on April 1, 2013, transferred 126.65 BTC valued at $7.63 million, marking its first transaction in over 11 years.

Several Sleeping Bitcoin Wallets Reactivate After Years of Inactivity

Robert Kiyosaki, the renowned author of “Rich Dad Poor Dad,” has voiced his concerns about Bitcoin ETFs, questioning their authenticity. What Happened: Kiyosaki expressed his doubts about Bitcoin ETFs, stating his reluctance to invest in them.

'Rich Dad Poor Dad' Author Robert Kiyosaki Questions Bitcoin ETFs' Authenticity: 'ETFs Are Fake Gold, Silver, Or Bitcoin'

Mauricio Di Bartolomeo, co-founder and CSO of Ledn, a Canada-based bitcoin lending platform, stated that Latam citizens are shifting to elect governments supporting bitcoin as a better money alternative.

Ledn Co-Founder Mauricio Di Bartolomeo States Crypto Will Be a Determinant Factor on Latam Elections: ‘People Want Bitcoin'

Solana

Bitcoin is still struggling, but ETF narratives are building investor enthusiasm around Solana. Also, Blast debuts and BODEN tanks.

This Week In Coins: Bitcoin Price Cools, Solana Soars on ETFs, and BODEN Tanks Amid Debate

Defunct bitcoin exchange Mt. Gox will soon begin paying back thousands of users roughly $9 billion worth of crypto in total.

Bitcoin windfall coming for Mt. Gox creditors after decade-long wait and 10,000% price spike

Curve DAO Token

A widely followed cryptocurrency analyst and trader is expressing bullish sentiment on an Ethereum-based low-cap altcoin while offering his insights on Bitcoin (BTC) and Curve DAO (CRV).

Trader Says Ethereum-Based Altcoin Primed To ‘Get Explosive Soon,' Updates Outlook on Bitcoin and Curve

A crypto strategist who nailed the pre-halving pullback for Bitcoin warns that (BTC) could correct to much lower levels. The analyst pseudonymously known as Rekt Capital tells his 79,900 YouTube subscribers that Bitcoin could drop more than 8% from its current value.

Crypto Analyst Warns That Bitcoin (BTC) Is at Risk of Further Correction – Here's His Target

According to American entrepreneur, venture capitalist, and political activist Peter Thiel, he still holds bitcoin (BTC) but is uncertain about the future value of the cryptocurrency.

Billionaire Peter Thiel Remains a Bitcoin Holder but Questions Its Future Value

Dogecoin

Cryptocurrency markets are trading down, even though U.S. inflation reading remaining unchanged in May. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $60,719.49 -1.7% Ethereum (CRYPTO: ETH) $3,378.62 -2% Solana (CRYPTO: SOL) $141.47 -4.8% Dogecoin (CRYPTO: DOGE) $0.1237 -0.8% Shiba Inu (CRYPTO: SHIB) $0.00001704 -2.8% Notable Statistics: IntoTheBlock data shows a 74% surge in large transaction volume as daily active addresses increased by 13.8%.

Bitcoin, Ethereum, Dogecoin Reverse Positive Price Trend, But Trader Expects 'Decent Year-End Run, Starting Late Q3'

American businessman Dave Portnoy, the founder and owner of Barstool Sports, announced that if bitcoin drops to the $40,000 range, he will invest $5-10 million worth of BTC using Barstool funds. Portnoy stated that while he personally owns BTC, he wouldn't use Barstool money to buy at the $60,000 level.

Barstool's Dave Portnoy Plans Major BTC Buy if Price Drops to $40,000

A widely followed crypto analyst and trader says that one top-10 altcoin could be gearing up for a massive rally. Crypto strategist Ali Martinez tells his 65,700 followers on the social media platform X that the native token of layer-1 blockchain Toncoin (TON) could soar more than 19% from its current value.

Crypto Trader Says Top-10 Altcoin Primed for a Double-Digit Rally, Updates Outlook on Bitcoin and Solana

Crypto analyst Alex Thorn of Galaxy Research predicts less market impact than expected from upcoming Mt. Gox Bitcoin (CRYPTO: BTC) distributions, while remaining cautiously optimistic about Ethereum (CRYPTO: ETH) ETF inflows.

Mt. Gox Bitcoin Distributions Won't Be That Bad And Ethereum ETF Could Surprise: Galaxy Research

The proposal of leveraged ETFs yielding 2x exposure to MicroStrategy's stock price had one analyst comparing them to extremely hot peppers.

News for Bitcoin Crypto (BTC)