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.

The first is July's U.S. personal consumption expenditures (PCE) reading, the Fed's preferred inflation gauge, scheduled for release at 8:30 a.m. ET. According to FactSet's consensus forecasts, economists expect the core reading, which excludes food and energy, to come in at 3.2% year-on-year and 0.18% month-on-month, compared with 3.3% and 0.13% in June.

The 3 catalysts that could define bitcoin's next move

The price of bitcoin fell to $79,000 on Wednesday after gaining 23% in seven days as August ETF inflows climbed above $3 billion.

Bitcoin takes a breather after adding 23% in 7 days as ETF demand holds steady

The world's largest asset manager BlackRock has revealed its $60 billion bitcoin fund is poised to keep growing

“It's Going To Keep Growing'—BlackRock Just Confirmed A Bitcoin Price Bombshell

Bernstein expects bitcoin to reach $150,000 by mid-2027 in its base case, before reaching a cycle peak of around $300,000 in 2029.

Bernstein sees bitcoin reaching $150,000 by mid-2027 amid ‘debasement trade,' but cuts Strategy target to $350

Iran's rial collapsed to a record low this week just as President Trump's new sanctions package named digital assets as a target for the first time, threatening the IRGC's billion-dollar bitcoin mining workaround. A Record-Low Rial and a New Sanctions Wave Iran's open-market exchange rate slid to roughly 2.

Iran's Rial Crashes to a Record Low as New Sanctions Target Its Bitcoin Mining Lifeline

Friday's expiry follows bitcoin's surge from $62,000 to $80,000, leaving market makers with increased exposure to manage around several key strike prices.

A massive $6.4 billion bitcoin options expiry on Friday could amplify volatility

The Nakamoto Project, a nonprofit dedicated to Bitcoin (CRYPTO: BTC) education, launched a new campaign on Tuesday featuring expert essays and full-page advertisements in The Wall Street Journal. New Campaign for Bitcoin Awareness The 12-week educational campaign aims to enhance Americans' understanding of Bitcoin, the nonprofit said in an X post.

Bitcoin's 'Fringe Phase' is Over, Declares This Front-Page Advertisement: Nonprofit's Campaign Aims to Educate Americans

ETF issuers are lowering the barrier for bitcoin whales to trade self-custody for ETF shares.

Wall Street is making it easier for bitcoin whales to ditch self-custody: report

Tomáš Jiříkovský, a primary defendant in a major Czech cryptocurrency-laundering investigation, has signaled for the first time that he may cooperate with authorities. Following a custody hearing, a court ruled that Jiříkovský must remain in detention due to flight risks and concerns that he retains control over undisclosed crypto assets.

Darknet Mastermind Signals Cooperation as $44M BTC Case Advances

Ethereum

Solana

Every major token fell over 24 hours except HYPE, though bitcoin holds a 23% weekly gain and XRP almost 45%.

Bitcoin holds $79,000, ether, solana slip as traders bank a week of gains

Anthony Pompliano, CEO of Professional Capital Management, attributed Bitcoin's (CRYPTO: BTC) ongoing rally to indications that policymakers may continue expanding the money supply. Pompliano Bets on Continued Money Printing In a Fox Business interview, Pompliano identified short- and long-term catalysts that drove Bitcoin back above $80,000.

Bitcoin Has 'No Top,' Because 'Dollar Has No Bottom,' Says Anthony Pompliano: 'The Money Printer Will Never Turn Off'

Dogecoin

Leading cryptocurrencies pulled back on Tuesday as investors locked in profits from the recent rally. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:22 p.m.

Bitcoin, Ethereum, XRP, Dogecoin Retreat Even as 'Greed' Sentiment Prevails: Analyst Charts Two Possible Scenarios for BTC

Bitcoin is doing what it has done in previous cycles when it has entered a bull market.

Is Bitcoin Out of Its Bear Market? These Analysts Think So

The price of bitcoin (BTC) has once again started rising, not because something changed about this most popular cryptocurrency and/or its underlying network, but mostly for external reasons that turned attention back to this multi-purpose asset. In other words, bitcoin has once again been at the right place at the right time.

This Bitcoin Price Rally Has Little to Do With Bitcoin, Again

Bitcoin is no longer oversold but there's still time to buy, according to Fairlead Strategies' Katie Stockton. Speaking on Tuesday to CNBC, the financial research firm's managing partner said that Bitcoin cleared its 200-day moving average back in May, meaning that a potential breakout could be coming.

Bitcoin Breakout Could Be Around the Corner as Asset Is No Longer Oversold: Fairlead Strategies' Katie Stockton

Crypto-margined Bitcoin futures have collapsed from near-total dominance to about 12%. But leveraged traders are still placing big bets.

Bitcoin Open Interest Collapses to 12%. Is the Short Squeeze Over?

Bitcoin treasury Metaplanet moved 1,000 BTC, worth $79.77 million, into Coinbase Prime earlier today, days after Bitcoin.com News reported the company's holdings had reached 43,000 BTC. A Milestone Stack, Built Fast Japanese bitcoin treasury giant Metaplanet once again moved 1,000 BTC, worth roughly $79.77 million, into Coinbase Prime on Aug. 25. The transfer followed Bitcoin.

Metaplanet Moves 1,000 BTC Into Coinbase Prime Custody

Crypto and gold surged together last week while equities fell, prompting quant trading firm Wintermute to call Bitcoin‘s (CRYPTO: BTC) best week since March 2024 “a debasement board.” Wintermute's weekly market update on X broke down the split between assets outside the fiscal complex and those priced off it: Asset Weekly Move XRP +40% Bitcoin +23.78% Ethereum +31.48% Gold +5.45% S&P 500 -1.37% Russell 2000 -1.68% Nasdaq -2.41% Source: Wintermute X Report What Actually Triggered the Move According to the report, six weeks of compressed volatility had stacked a dense band of short liquidation levels directly above Bitcoin's range.

Wintermute: Bitcoin, XRP, Gold Benefited From 'Debasement Board' Last Week

Bitcoin traded relatively flat on Tuesday as traders moved to lock in profits. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $78,916 Ethereum (CRYPTO: ETH) $2,462 Solana (CRYPTO: SOL) $98.05 XRP (CRYPTO: XRP) $1.47 Dogecoin (CRYPTO: DOGE) $0.08868 Shiba Inu (CRYPTO: SHIB) $0.055447 Notable Statistics: Coinglass data shows 78,712 traders were liquidated in the past 24 hours for $532.43 million.

Bitcoin Holds $79,000 as Ethereum, XRP, Dogecoin Trade Sideways

Bitdeer Technologies Group is dropping roughly 1.93 exahash per second (EH/s) of bitcoin mining capacity into a 28-megawatt co-mining deal with Soluna Holdings at a wind-powered data center in South Texas. Bitdeer Sends Its Own Mining Fleet Into Soluna's Texas Wind Farm Under the deal announced Aug.

Bitdeer Cranks up Bitcoin Mining Power While Rivals Stampede Into AI

Bitcoin prices reached a three-month high on August 24 as several variables, including strong ETF inflows and a sustained short squeeze, caused continued gains.

Bitcoin Reached Its Highest Since Mid-May As Many Factors Drove Gains

Galaxy Digital (NASDAQ:GLXY) launched a crypto-backed credit line Tuesday, letting clients borrow against Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) without selling. What the Product Actually Offers According to a Galaxy press release, the GalaxyOne Crypto Portfolio Line of Credit combines BTC, ETH, and Solana (CRYPTO: SOL), including staked SOL, as collateral under a single revolving credit line.

Galaxy Now Lets You Borrow Against Your BTC, ETH, SOL Holdings

Bitcoin and ether ETFs extended their inflow streaks to six sessions on Monday, drawing $337.56 million and $115.57 million, respectively. Solana, XRP and HYPE funds also finished firmly in the green as institutional demand carried over from last week.

Bitcoin, Ether ETFs Add $453 Million as 6-Day Streak Extends

Gold extended its August rally as a weaker dollar and falling yields boosted demand, while Bitcoin briefly climbed above $80,000 for the first time since May.

Gold Hits Three-Month High as Bitcoin Tests $80,000

Bitcoin (CRYPTO: BTC) has surged 25% over the past seven days, but whale profit-taking and key resistance could determine whether the rally marks a bullish reversal or another bear-market bounce. Can Spot Demand Sustain BTC Rally?

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