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.

Jack Dorsey urged Coinbase CEO Brian Armstrong to confirm support for de minimis relief on Bitcoin payments, following reports the exchange favors stablecoins-only treatment.

Coinbase CPO Rejects Claims of Opposing Bitcoin Tax Relief as Jack Dorsey Demands Clarity from Brian Armstrong

Bitcoin is up about 7% from the Sunday lows, even as equities and gold tread water. Analysts point to seller exhaustion, shifting gold correlation and improving ETF flows.

Bitcoin holds $70,000, starting to show relative strength versus stocks, software sector, and gold

Bloomberg Intelligence senior commodities strategist Mike McGlone predicts Bitcoin (CRYPTO: BTC) will fall to $10,000, calling the crypto asset class “dead” as unlimited token supply and five years of underperformance versus the S&P 500 make it uninvestable for institutional risk managers. The $10,000 Target Explained McGlone defines $10,000 as the most widely traded price for Bitcoin since 2019-2020, similar to how crude oil has traded around $57 per barrel for almost 10 years.

'Bitcoin Is Going To $10,000,' Bloomberg's McGlone Says: Crypto Is A 'Dead' Asset Class

Cosmos Health Inc. announced it has purchased $600,000 in Bitcoin as part of its ongoing digital asset treasury strategy.

Cosmos Health (COSM) Buys $600K in Bitcoin, Expands Digital Asset Treasury

Bitcoin's (CRYPTO: BTC) macro behaviour is increasingly tied to global liquidity and energy markets, which increases its correlation with the Nasdaq, according to VanEck's Matthew Sigel. Bitcoin's Correlation With Nasdaq Rising Speaking on Squawk Box on CNBC on March 11, Sigel said oil shocks and geopolitical tensions, including risks around the Strait of Hormuz, can tighten liquidity and put pressure on risk assets such as Bitcoin.

Bitcoin's Correlation With Stocks Rises During Geopolitical Tensions, Says VanEck's Matthew SIgel

Dogecoin

Ethereum

Bitcoin is holding $70,000 as oil price continue to remain elevated. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $70,461.60 Ethereum (CRYPTO: ETH) $2,070.06 Solana (CRYPTO: SOL) $87.36 XRP (CRYPTO: XRP) $1.39 Dogecoin (CRYPTO: DOGE) $0.09438 Shiba Inu (CRYPTO: SHIB) $0.055823 Notable Statistics: Coinglass data shows 95,278 traders were liquidated in the past 24 hours for $190.53 million.

Bitcoin, Ethereum, XRP, Dogecoin Trade Sideways As Geopolitical Caution Caps Momentum

Bitcoin hovered in a narrow band between $69,000 and $71,000 as traders weighed mixed diplomatic signals over a possible Middle East ceasefire. Divergent Signals From Washington Bitcoin maintained a tight consolidation pattern between $69,000 and $71,000 Wednesday as market participants grappled with conflicting diplomatic signals regarding a potential ceasefire in the Middle East.

Bitcoin Holds $69K–$71K Range Amid Middle East Ceasefire Confusion

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

The Daily: Binance sues WSJ over Iran-linked report as DOJ probes alleged sanctions evasion, Bitwise CIO explains how bitcoin could reach $1 million, and more

Strategy Inc.'s bitcoin-backed preferred equity STRC crossed a notable milestone this week after Chairman Michael Saylor announced the instrument had delivered one of the strongest risk-adjusted performance metrics in the market. Saylor Promotes STRC as Digital Credit With Sharpe Ratio Over 3 Strategy Inc. issued the preferred security STRC—short for Strategy Inc.

Strategy's Bitcoin-Backed STRC Outperforms Tech Stocks on Risk-Adjusted Returns

Strategy has reportedly bought roughly 1,200 bitcoin today through STRC.

Michael Saylor's Strategy (MSTR) Estimated To Have Already Bought Over 1,200 Bitcoin Today

Bitcoin is crossing a structural threshold, evolving from an experimental digital asset into a massive global financial instrument.

Bitcoin is Now a Global Financial Player as Institutions Take the Helm: Bitwise

Fundstrat's Tom Lee says the crypto market has moved past its winter phase, with reduced speculation and leverage creating a healthier foundation for future gains. Markets Could Move Higher Through March Markets, including crypto and major tech stocks, appear to have emerged from a recent bear phase, Lee said in a CNBC interview on Tuesday.

Tom Lee: Bitcoin Has Exited 'Crypto Winter,' Will Rise In March

Bitcoin exchange-traded funds (ETFs) continued their inflow streak on Tuesday with a $251 million addition led by Blackrock's IBIT. Ether funds also posted modest gains, while XRP ETFs slipped into outflows, and solana ETFs saw no trading activity. XRP Sees $3.

Bitcoin ETFs Add $251 Million as Institutional Demand Holds Strong

The longtime bitcoin bear's gloom-and-doom call met with fierce rebuttal from industry analysts.

Bloomberg strategist doubles down on $10,000 bitcoin call but peers say it would take a nuclear war to get there

Zcash

Foundry Digital said it plans to offer a mining pool for Zcash next month, enabling people to earn the coin using shared resources.

Top Bitcoin Mining Pool Operator Foundry Is Getting Into Zcash

From The Core Issue: A breakdown at the optimizations and fine-tuning done to speed up Initial Block Download for Bitcoin Core users.

The Core Issue: Outrunning Entropy, Why Bitcoin Can't Stand Still

Strive is narrowing SATA's price range to $99-$101 and boosting its dividend to 12.75%, higher than Strategy's STRC, which it was modeled on.

Strive bumps SATA preferred stock dividend to 12.75%, buys $50 million of Strategy's STRC and more bitcoin

Bitcoin steadied as options traders increased bets on a move back to $80,000, with markets balancing a cooling February inflation print.

Options traders bet on bitcoin reclaiming $80,000 as inflation data steadies crypto markets steady despite Iran conflict

Bitcoin miners' data center extensions are helping to serve the power demands of AI infrastructure amid undersupply.

Bitcoin miners ‘sitting on a gold mine' amid surging power demand: VanEck

Bitcoin (CRYPTO: BTC) is trading sideways, with investors' weakening conviction conviction pointing to a psychologically difficult phase of the market cycle. Why Investors Are Getting Jittery Data from CryptoQuant suggests the market is currently in a highly uncertain phase marked more by hesitation than conviction.

Why Bitcoin Is About To Enter The 'Most Frustrating Phase' Of Its Cycle

Digital gold is outperforming thanks to Saylor's STRC, while Polymarket got one of the world's most powerful surveillance firms to watch its markets.

Morning Minute: Bitcoin Outperforms Gold, Stocks During Iran War

Strive said it raised the dividend rate on its SATA preferred stock to 12.75%, narrowed the trading range guidance, and added 179 bitcoin to its balance sheet.

Strive (ASST) Raises Dividend, Adds Bitcoin and Strategy (MSTR) Preferred Stock to Balance Sheet

Wednesday morning's U.S. inflation data was in line with forecasts, and markets continue to price out any chance of a Fed rate cut at either the March or April meetings.

Bitcoin reverses overnight losses, rising to above $70,000 as oil renews decline

Strive also added to its bitcoin holdings and boosted the dividend on its own SATA preferred stock.

Strategy's STRC preferred series gets $50 million investment from fellow BTC treasury company Strive

BitMEX co-founder Arthur Hayes says he would not buy Bitcoin (CRYPTO: BTC) now and is waiting for the Federal Reserve to “print money to support the American war machine,” arguing the longer the Iran conflict continues, the higher the likelihood of money printing. The ‘Wait For The Fed' Strategy Hayes explained his timing on the Coin Stories podcast.

News for Bitcoin Crypto (BTC)