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.

This is a daily technical analysis by CoinDesk analyst and Chartered Market Technician Omkar Godbole.

Bitcoin's Podium-Ready 'Bull Flag' Hints at Price Boom to $140K

Semler Scientific (SMLR) is now trading at a premium to its bitcoin BTC holdings for the first time in three weeks, a signal the company may soon buy more of the largest cryptocurrency by market value.

Semler Scientific Trades at Premium to Bitcoin Holdings for First Time in Three Weeks

Metaplanet (Tokyo Stock Exchange: 3350 / OTCQX: MTPLF), a publicly listed bitcoin treasury company based in Japan, has announced the acquisition of an additional 1,234 bitcoin as part of its ongoing Bitcoin Treasury Operations, bringing its total holdings to 12,345 BTC.

Metaplanet Acquires Additional 1,234 Bitcoin, Total Holdings Reach 12,345 BTC

An analyst with a history of making timely Bitcoin calls believes that BTC is setting the stage for a huge move to the upside.

Bitcoin (BTC) Setting Base for New Run to All-Time Highs, According to Trader Who Called 2021 Market Top

Bitcoin's BTC price has rebounded nearly 10% from weekend lows, with key developments in traditional markets supporting the case for continued gains ahead.

Bitcoin's Bull Case Strengthens as Dollar Index Slides, Nvidia Hits Record High Amid Recession Cues

Opyl is betting on the so-called Bitcoin treasury strategy to navigate its financial chop and follow recent examples set by others.

ASX-Listed Biotech Firm Latest to Adopt a Bitcoin Strategy to Stay Afloat

Nasdaq-listed Chinese tech firm Aurora Mobile plans to convert up to 20% of its cash reserves into bitcoin and other digital assets, joining the wave of public companies turning to crypto for treasury diversification.

Aurora Mobile to Allocate 20% of Treasury to Bitcoin and Other Crypto Assets

Cardano

Ethereum

Solana

Bitcoin BTC is back near $108,000, marking a full recovery from last week's dip to six figures driven by Middle east tensions, as macro signals turn risk-on and crypto bulls regain technical footing.

Bitcoin Nears $108K as Fed Rate Cut Bets Rise; Traders Eye Ether, Solana, Cardano

Metaplanet, the Japanese hotelier that has been scooping up bitcoin BTC, has become the fifth largest corporate holder of the largest cryptocurrency, racing past Elon Musk's Tesla.

Metaplanet Overtakes Musk's Tesla, Becomes Fifth Largest Corporate Bitcoin Holder

After winding down its bitcoin mining operations, Bit Digital plans to gradually convert its BTC holdings into ETH.

Nasdaq-listed Bit Digital to focus exclusively on Ethereum staking after moving away from Bitcoin mining

The Tokyo-listed investment firm has purchased an additional 1,234 BTC, acquired at roughly $107,557 per bitcoin.

Metaplanet buys additional 1,234 bitcoin for $133 million, surpassing Tesla with 12,345 BTC in holdings

Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk's Crypto Daybook Americas.

Asia Morning Briefing: BTC Climbs to 107K as 'War Drums Fade, Risk Appetite Roars'

Speaking on The Block's Big Brain podcast, Tether CEO Paolo Ardoino said USDT and Bitcoin will power transactions among AI agents.

Tether CEO predicts one trillion AI agents will use Bitcoin and USDT for transactions within 15 years

Bit Digital (BTBT) is changing course to become a dedicated ether ETH staking and treasury operation, the company said Wednesday.

Bit Digital Exits BTC Mining to Focus Solely on ETH Staking Strategy

Bit Digital will wind down BTC mining operations, sell stock & spin out its high-performance computing subsidiary to fund ETH purchases.

Bit Digital winds down Bitcoin mining operations, doubles down on Ethereum as latest ETH treasury play

GameStop raised another $450 million that it can use to buy Bitcoin, boosting its latest raise to $2.7 billion. Will it grab more BTC?

Will GameStop Buy More Bitcoin? GME Boosts Latest Fundraise to $2.7 Billion

Anthony Pompliano's Procap BTC, LLC has acquired an additional 1,208 bitcoin, bringing its total holdings to 4,932 BTC following a major merger announcement earlier this week.

Pompliano's Procap Boosts Bitcoin Holdings to Nearly 5K BTC

HIVE Digital Technologies Ltd (NASDAQ:HIVE) is charging ahead with plans to nearly triple its hashrate to 25 EH/s by the fourth quarter of 2025. But while the ambition is clear, the execution risks are anything but negligible — especially in Paraguay, where much of this growth is concentrated.

EXCLUSIVE: HIVE's Bitcoin Ambitions Are Exploding — But Can The Grid Keep Up?

Bitcoin prices have climbed roughly 10% since Sunday as global investors respond to cooling geopolitical tensions in the Middle East.

Bitcoin Has Rallied 10% Since Sunday As Geopolitical Tensions Cool

Bitcoin BTC continued its gentle rise on Wednesday as Fannie Mae and Freddie Mac — which play a pivotal role in issuing mortgages to U.S. homeowners — were ordered by the William Pulte, Director of the Federal Housing Finance Agency (FHFA), to prepare to accept cryptocurrencies as part of applicants' assets.

Bitcoin Rises Past $107K as FHFA's Pulte Orders Crypto Consideration in Mortgage Applications

Dogecoin

Cryptocurrency markets are trending higher, supported by increased corporate buying and growing hope of Federal Reserve rate cuts. Meanwhile, spot Bitcoin ETFs have seen inflows for 11 straight days, further boosting market confidence.

Bitcoin, Dogecoin Hold Gains While Ethereum Drops

The price of bitcoin rose again in trading on Wednesday, touching an intraday high above $108,000.

Bitcoin rises, NYSE battles for Trump ETF, and crypto may be coming to mortgage next

Markets embraced a renewed risk-on rally despite lingering global tensions, with Coinbase stock jumping 12% on major regulatory wins and institutional interest in bitcoin reaching new highs. Markets Rally As Coinbase Scores Regulatory Wins and Bitcoin Holdings Surge Despite Israel resuming limited military strikes post-ceasefire, global markets shifted decisively into risk-on mode.

Institutional Bitcoin Holdings Surge as Geopolitical Tensions Cool

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

The Daily: BTC treasury companies having a weaker impact on price than ETFs, Tether sets sights on becoming the largest bitcoin miner, and more

Powell made the remarks on Wednesday during his second day of testimony before the U.S. Senate's Committee on Banking, Housing, and Urban Affairs. Bitcoin Rises as Powell Acknowledges Crypto's Mainstream Adoption U.S.

News for Bitcoin Crypto (BTC)