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.

Ethereum

XRP fell more than 16% in the past 24 hours to around $1.29, making it the worst performer among major tokens as bitcoin dropped 7% on Thursday.

XRP plunges 16% in worst drop among bitcoin, ether and major tokens

The bitcoin price has broken below its 365-day moving average for the first time since March 2022, CryptoQuant said.

CryptoQuant says bitcoin could fall to $60,000 as downturn worsens beyond 2022 bear market

Bitcoin has fallen more than 9% on the day, cratering to a price not seen since before President Trump's 2024 election win.

Bitcoin Crashes Below $67K, Erasing All Gains Since Trump's Election Win

Bitfinex margin longs surge to a two-year high as bitcoin falls below $69k.

Bitcoin's rising leveraged position points to continued dip buying, but may not yet signal price bottom

The price of bitcoin has slipped beneath the $70,000 threshold and, over the past 30 days, has given up 26% against the U.S. dollar. This retreat has sent both crypto cheerleaders and critics racing to social media, each eager to offer their own take on what's driving bitcoin's latest pullback.

Bitcoin's $70,000 Line Breaks—and the Crypto Debate Erupts

"This drawdown feels horrible not because of the magnitude, but because it's unfair," said longtime bitcoin maxi Samson Mow.

Here is what industry veterans are saying as bitcoin tumbles below $70,000

Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets

Bitcoin falls under $69,000, with retail traders betting on ever lower prices

Bitcoin Magazine Virginia Advances Bill in Committee to Establish State Bitcoin Fund Virginia lawmakers pushed forward a proposal that would allow state funds to be invested in bitcoin. Virginia Advances Bill in Committee to Establish State Bitcoin Fund Micah Zimmerman.

Virginia Advances Bill in Committee to Establish State Bitcoin Fund

Despite a sharp pullback in crypto prices, Bitcoin (CRYPTO: BTC) ETF investors have largely held their positions, signaling stronger conviction than many expected. ‘ETF Buyers Are Just HODLing' In a post on X on Wednesday, Bloomberg ETF analyst Eric Balchunas noted that even after Bitcoin's roughly 40% drawdown, about 94% of assets in spot Bitcoin ETFs remain invested.

Bitcoin Plunges Below $70,000, But Underwater ETF Buyers Haven't Sold (Yet)

Crypto exchange-traded fund (ETF) selling intensified as bitcoin, ether, and solana all recorded sizable outflows, extending February's risk-off tone. XRP ETFs stood out as the sole bright spot, posting modest inflows amid the broader drawdown. Heavy Redemptions Slam Bitcoin, Ether, Solana; XRP Stands Alone Midweek trading offered little relief for crypto ETF investors.

Bitcoin Funds Shed $545 Million as ETFs Exit Deepens

The German lender pointed to institutional outflows, fading liquidity and stalled regulation as the real drivers behind bitcoin's slump.

Deutsche Bank says bitcoin's selloff signals a loss of conviction, not a broken market

Crypto venture capital firms are struggling to raise new funds, with major firms pivoting away entirely and half of Paradigm's team departing in two months. The VC Fundraising Crisis Commitments to crypto VC funds remain at historic lows and didn't recover during Bitcoin‘s (CRYPTO: BTC) generational bull run, according to crypto founder Miya.

'Crypto As We Know It Is Over': Why Investors Are Turning Away From Bitcoin, Ethereum, XRP

Bitcoin Magazine Bitcoin Price Crashes 9% to $69,000 As Markets Spiral Into Full Risk-Off Mode The bitcoin price crashed to $69,000 in trading Thursday as a deepening selloff in global markets spilled into crypto markets. Bitcoin Price Crashes 9% to $69,000 As Markets Spiral Into Full Risk-Off Mode Micah Zimmerman.

Bitcoin Price Crashes 9% to $69,000 As Markets Spiral Into Full Risk-Off Mode

Collateralized, market-neutral strategies, not DeFi or smart contracts, are driving renewed institutional interest, says GlobalStake co-founder Thomas Chaffee.

Institutions don't want more risk—they want bitcoin yield that works like TradFi, says GlobalStake co-founder

Bitcoin Magazine SDM Executes First Ever $1 Million Lightning Network Payment to Kraken in Institutional Pilot Secure Digital Markets and Kraken completed a $1 million Bitcoin pilot settlement over the Lightning Network—claimed as the largest publicly reported Lightning payment—demonstrating near-instant, low-fee institutional settlement. SDM Executes First Ever $1 Million Lightning Network Payment to Kraken in Institutional Pilot Micah Zimmerman.

SDM Executes First Ever $1 Million Lightning Network Payment to Kraken in Institutional Pilot

Bitcoin is dangling at the edge of a breakdown, not bouncing toward a breakout. In the last hour, its price jittered between $69,049 and $69,546, as $1.40 trillion in market cap faces mounting pressure and $99.42 billion in 24-hour volume suggests panic, not conviction, inside a volatile $69,049–$76,122 trading range.

Bitcoin Battles to Defend $69K—Bears Smell Blood

CNBC's Steve Sedgwick spoke on "Squawkbox Europe" about how prediction markets are betting on bitcoin's continued fall.

Move over Bitcoin: Kalshi and silver just ate your lunch

Bitcoin fell below $70,000 on Tuesday, erasing all gains since its 2021 peak and leaving the asset down nearly 30% year-over-year.

‘Bears in control': Bitcoin erases gains since 2021 all-time high as price drops back toward $69K

Fireblocks integrates with Stacks, enabling 2,400+ institutional clients to deploy bitcoin capital in native decentralized finance ( DeFi) applications. Stacks, a Bitcoin Layer 2 platform, has announced a strategic integration with Fireblocks that will allow institutional investors to access Bitcoin-native DeFi opportunities.

Fireblocks and Stacks Unlock Institutional Bitcoin DeFi Opportunities

You are viewing Crypto Daybook Americas, your morning briefing on what happened in the crypto markets overnight and what's expected during the coming day. Crypto Daybook Americas will kickstart your morning with comprehensive insights.

Bitcoin's limited supply won't help stop the selloff

Dogecoin

Bitcoin extended is down over 8% in 24 hours as liquidations stand at $1.03 billion over the past 24 hours. Bitcoin ETFs saw $544.9 million in net outflows on Wednesday, while Ethereum ETFs reported $79.5 million in net outflows.

Bitcoin Crashes Below $70,000 As Ethereum, XRP, Dogecoin Plunge 8%

Crypto markets extended losses amid heavy derivatives liquidations and macro headwinds, with traders bracing for further downside if bitcoin breaks key support.

Bitcoin, ether slide 7% as market 'fear' increases, liquidations mount

The ‘Big Short' investor compared the current slide with a one-time past cycle breakdown that saw BTC lose nearly half its value before stabilizing.

'Big Short' Micheal Burry spots 2022 vibes in bitcoin crash

Bitcoin briefly fell below $70,000 on Thursday.

Bitcoin briefly drops below $70,000 as sell-off continues

Bitcoin and crypto traders are scrambling to get ahead of what could become a full-blown bitcoin and crypto crash

News for Bitcoin Crypto (BTC)