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.

With Bitcoin falling hard this week and down nearly 50% from peak. Strategy's Michael Saylor is pointing the finger at the AI boom.

Strategy's Michael Saylor Blames 'Capital Rotation' Into AI as Bitcoin Dives 13%

“To scale, the gray-market peptide trade adopted cryptocurrency as its backbone,” Chainalysis said in a report.

Chainalysis says ‘top-tier' gray market peptide vendors turn to bitcoin and stablecoins

Ethereum

Solana

Bitcoin (CRYPTO: BTC) may not have found its bottom yet, with veteran trader Gareth Soloway warning that the cryptocurrency could still retest $60,000 before a durable recovery forms. "Don't Think We've Reached A Bottom Yet" Speaking with Paul Barron on June 3, Soloway said Bitcoin's current structure resembles a larger bear flag, with recent sideways price action following a steep decline.

Bitcoin, Ethereum, Solana Plunge Over 10% In 1 Week: What Does Technical Analysis Say?

Professional investors cut their bitcoin ETF exposure sharply during the first quarter of 2026, but fresh filings show banks, advisors, and sovereign entities continued adding positions despite a deep market downturn.

Who Sold Bitcoin During the Crash? Coinshares Reveals Who's Really Selling Bitcoin ETFs

Bernstein is bullish on Bitcoin miners as they increasingly power the AI boom, assigning “Outperform” ratings to TeraWulf and Cipher Digital.

Bitcoin Miners Emerge as 'Power Landlords' of AI Boom—And Revenue Will Surge: Bernstein

Crypto ETF flows remained broadly negative on Wednesday, June 3, as bitcoin and ether funds extended long outflow streaks. HYPE ETFs were the lone bright spot, drawing fresh capital even as the wider market moved into risk-off mode. HYPE ETFs Add $2.

Bitcoin ETFs Hit 13-Day Outflow Streak With $396M Exit

Bitcoin fell to a low of $61,310 on June 4 as traders debated whether Strategy's first net bitcoin sale since 2022 or billions in exchange-traded fund (ETF) outflows played the larger role in the market's decline. Strategy Boss Blames $400B AI Spending Wave At 10 a.m. EDT, bitcoin was trading between $63,500 and $64,500.

Saylor Blasts Bitcoin Doom Narrative, Says $400B AI Frenzy Drained Crypto Capital

Michael Saylor argued the bitcoin selloff reflects a broader capital rotation into AI infrastructure rather than weakening fundamentals for Bitcoin.

Michael Saylor Calls Bitcoin's Drop a ‘Capital Rotation' to AI as BTC Slides Below $62,000

Coinbase said a Michigan couple closed on the first-ever conventional, Fannie Mae-backed home mortgage by pledging Bitcoin as collateral.

Fannie Mae-Backed Bitcoin Home Mortgages Are Finally Here, Coinbase Says

Better and Coinbase have funded the first Fannie Mae-backed mortgage that lets homebuyers use Bitcoin as collateral for their down payment loan

Bitcoin Buys a Home: Better and Coinbase Close First Fannie Mae-Backed BTC Mortgage

Standard Chartered Global Head of Digital Assets Research Geoffrey Kendrick on Thursday said the Bitcoin (CRYPTO: BTC) bottom is “almost in”, calling $63,000 the buying zone as the token trades down 22% over the past month. ETF Holdings Held Firm, Proving More Resilient Than February Fear Kendrick's call is a direct reversal of his February 12 note, where he warned of “pain and final capitulation” and cut his near-term Bitcoin target to $50,000.

Bitcoin Crashes 4% But At $63,000 The Bottom Is 'Almost In': Standard Chartered

Veteran trader Peter Brandt believes that Bitcoin (BTC) will soon revisit the $50,000 range. Brandt tells his 1 million followers on X that Bitcoin is forming an expanding triangle pattern on the daily chart and may decline more than 14% from its current value.

Legendary Trader Peter Brandt Details Downside Price Target for Bitcoin After BTC Breaks From ‘Reliable' Pattern

Bitcoin falls 13% to near $62K as Strategy's BTC sale, $4.2B in ETF outflows and macro headwinds pressure crypto markets.

‘The rally that wasn't': Bitcoin slides 14% in one week as ETF outflows, Strategy sale and oil prices hit sentiment

Standard Chartered's Geoff Kendrick argues Bitcoin's sharp decline—driven by Strategy's surprise sale, ETF outflows, and liquidations—may be nearing a bottom.

Standard Chartered Sees Bitcoin Bottom ‘Almost In' as Sell-Off Cuts 14% in Seven Days

DDC Enterprise Limited, the NYSE-listed Asian food platform behind the Daydaycook brand, disclosed on June 3, 2026, that it acquired an additional 90 BTC, bringing total corporate bitcoin holdings to 2,804 BTC.

Asian Food Company DDC Now Holds 2,804 BTC After Adding 90 More Bitcoin

Geoffrey Kendrick, one of the most ​vocal crypto advocates, is sticking with his call for bitcoin to hit $100,000 ‌by the end of the year despite a "painful" week, with the global head of digital assets research at Standard Chartered pointing to resilient long-term demand.

Standard Chartered's crypto bull sticks to $100,000 bitcoin call despite 'painful' week

Bitcoin has dropped 17% in four days, sparking $4.5 billion in liquidations, as analysts warn of a potential move below $60,000.

As BTC Tests $62,000, How Low Can Bitcoin Go?

Strategy Inc. (NASDAQ:MSTR) is facing renewed scrutiny as the company faces an unprecedented $10 billion unrealized loss on its Bitcoin (CRYPTO: BTC) holdings. What Is Going Wrong For Michael Saylor Market commentator Kyle argued on X on June 4 that the company's preferred-share dividend obligations could turn Michael Saylor from Bitcoin's biggest buyer into a potential forced seller.

Michael Saylor's $10 Billion Bitcoin Hole: What Does Strategy Do Now?

At 8:30 a.m. EDT, bitcoin traded at $63,444 on June 4, 2026, with its relative strength index ( RSI) registering just 17 and all 14 tracked moving averages pointing lower, placing the $61,310 swing low at the center of every active trader's attention.

Traders Eye $61K as Bitcoin's Last Defense Before a Drop to the High $50Ks

Bitcoin's drop reflects capital rotation into AI, Saylor argues, but the bears have a darker reason.

Strategy's Saylor's explanation for bitcoin's slide isn't what bears think

DDC Enterprise added 90 bitcoin, raising its total holdings to 2,804 BTC and reaching 28th among public corporate holders.

‘When the market offers discounts, we lean in': DDC Enterprise lifts bitcoin holdings to 2,804 BTC

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Live markets: Saylor speaks as bitcoin plunges to $62,000

The Treasury chief told senators the administration is using “best practices” in implementing Trump's Bitcoin reserve order.

US Bitcoin Reserve Moving Ahead at ‘Deliberate Speed': Bessent

Bernstein initiates TeraWulf and Cipher Digital at Outperform with $36 and $32 price targets, projecting AI revenue to grow ninefold by 2030.

‘The power landlords of AI': Bernstein initiates coverage on bitcoin miners TeraWulf and Cipher Digital, sees ninefold AI revenue by 2030

Bitcoin's (CRYPTO: BTC) has imploded 15% over the past week, plunging below $62,000 in early morning hours Thursday. Yet, macro investor Raoul Pal says this is not the start of a bear market but rather another painful correction within a broader bull cycle.

News for Bitcoin Crypto (BTC)