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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.

A closely followed crypto strategist thinks that Bitcoin (BTC) is positioned to surge to new all-time highs following last week's drop to around $60,000.

Analyst Sees Bitcoin Rallying to New All-Time Highs Around the Halving, Says BTC Mirroring Pre-ETF Movement

Bitcoin's once-every-four-years "halving" this week may be very different from those of earlier epochs, typically ho-hum affairs. Now, an intense competition is underway to mine the first block after the halving, which could contain a rare and collectible fragment of a bitcoin known as an "epic sat.

Bitcoin Halving Has Crypto Miners Racing for 'Epic Sat' Potentially Worth Millions

Ethereum

Hong Kong approved the applications for spot Bitcoin (BTC) and Ethereum (ETH) exchange-traded funds (ETFs).

Hong Kong Approves Spot Bitcoin and Ethereum ETFs

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news during the last week. In this issue: Bitcoin hinders El Salvador's credit talks with the IMF, the Paraguayan Senate issues a statement supporting bitcoin miners, and Venezuela unveils a crypto-linked corruption scheme.

Latam Insights: Bitcoin Hurts El Salvador Credit Opportunities, Paraguay Supports Selling Power to Crypto Miners

Hong Kong approved several spot bitcoin ETFs and spot ether ETFs managed by China Asset Management, Bosera and HashKey on Monday.

Hong Kong approves first batch of spot bitcoin, ether ETFs in drive to become crypto hub

Bitcoin, the world's leading cryptocurrency, experienced a sharp decline of over 8.4% on April 13 in response to clashes between Iran and Israel and mounting fears of war in the Middle East.

Bitcoin Price Plunges as Geopolitical Tensions Rise in Middle East

The market has shaken off concerns of escalations between Iran and Israel as the U.S. appears to have talked Israel out of a counter-attack.

Bitcoin Back in Green as Crypto Market Awaits Hong Kong Spot ETF Decision

Mike Novogratz, CEO of Galaxy Digital, warned about the economic repercussions of war while forecasting a robust performance for Bitcoin (CRYPTO: BTC). What Happened: Novogratz, the billionaire founder of Galaxy Digital, took to social media platform X on Sunday to express his concerns about the potential financial implications of war.

Bitcoin 'Will Resume Its Trend Higher,' Says Galaxy Digital CEO Amid Israel-Iran Escalation

Blockchain analytics firm says Bitcoin (BTC) is still in a “euphoria phase” despite its recent correction based on on-chain metrics. In a new report, the firm says BTC's current downward price action is still tame compared to previous cycles, suggesting that the crypto king is in the earlier stages of a bull run.

Analytics Firm Glassnode Says Bitcoin Euphoria Phase Still Young – Here's Why

Data shows that U.S. spot bitcoin exchange-traded funds (ETFs) experienced negative outflows on Friday, totaling $55.1 million, with Grayscale's Bitcoin Trust (GBTC) seeing another notable decrease. Metrics from Thursday reveal GBTC held 316,193.43 bitcoins, but after a decline of 2,048.23 bitcoins, the fund's holdings reduced to 314,145.2 bitcoins.

US Spot Bitcoin ETFs See $55.1M Outflow; GBTC Divests 2,048 BTC Amid Market Volatility

Bitcoin's commands more value than every other cryptocurrency put together, and then some, for its most dominant price in years.

Crypto prices rebound from selloff as Bitcoin dominance hits three-year high

On April 13, Iran initiated a drone strike on Israel followed by reports that unmanned aerial vehicles (UAVs) were intercepted by Israeli, U.S., and other Western allied forces. Concurrently, bitcoin and the broader crypto economy experienced a significant downturn, with many analyzing the fundamentals in the context of a potentially intensifying military conflict.

Crypto Advocates Weigh in on Bitcoin's Sudden Drop Amid Middle East Tensions

A trader who nailed the 2018 Bitcoin bear market bottom believes that the most recent correction has put BTC in a position to rally to a new all-time high.

Trader Known for Calling Bitcoin Bottoms Predicts New All-Time Highs for BTC, Updates Outlook on Dogecoin Rival

Uniswap

Never-ending legal drama kept crypto users on edge this week, while frothing excitement about the debut of Bitcoin-hosted meme coins offered degens a silver lining.

This Week on Crypto Twitter: SEC Targets Uniswap, Bitcoin Runes Stir Hype

Bitcoin was down some 8% late on Saturday evening as U.S. officials confirmed the attack was imminent.

Bitcoin and other cryptocurrencies tumble amid Middle East tensions

The uptrend of the Bitcoin (BTC) price has come to an end as it has dipped below the moving average lines. BTC price analysis by Coinidol.com.

Bitcoin Loses Important Support At $66,000 And Starts To Fall

A group of Chinese victims of a $6 billion fraud scheme have requested assistance from their country's foreign ministry in recovering 61,000 bitcoins, seized from a fraudster and her associate. The fraud victims have strongly opposed attempts to transfer the ownership of these bitcoins to the U.K. government.

Chinese Fraud Victims Seek Government Aid in Recovering 61,000 BTC Seized by UK Law Enforcement

Rich Dad Poor Dad author Robert Kiyosaki has explained why he won't invest in a spot bitcoin exchange-traded fund (ETF). “Just as I own gold and silver coins and mines and own apartment houses, I do not own gold or silver ETFs,” he stressed.

Robert Kiyosaki Explains Why He Won't Buy Bitcoin ETF

Bitcoin and the broader cryptocurrency market fell nearly 10% on Saturday.

Bitcoin Falls 8%, Drops Below $62K Before Rebound

News that Iran has reportedly launched drones toward Israel's airspace is affecting global markets and sending Bitcoin's (BTC) price plummeting. Iran says it has launched dozens of drones and the Israeli military says it expects them to arrive in a matter of hours, reports the Associated Press.

Dow Futures Drop, Bitcoin Price Plummets As Iran Launches Drones Toward Israel

Dogecoin

Solana

Bitcoin BTC has fallen sharply after Israel's military said Iran had fired "dozens" of drones toward it in a retaliatory attack.

Israel-Iran War Fears Suddenly Spark $500 Billion Bitcoin And Crypto Price Crash—Hitting Ethereum, BNB, XRP, Solana And Dogecoin

On Saturday, Iran launched drones toward Israel in response to an airstrike on an Iranian embassy complex in Syria last week. According to CNN, Israeli Defense Forces spokesperson Daniel Hagari confirmed the drone attack, which is expected to "take a number of hours" to reach Israel.

Iran Launches Drone Attack On Israel In Escalation Of Tensions, Bitcoin Drops Sharply In Response

The price of bitcoin continued to decline over the weekend, dropping an additional 7.7% in the last 24 hours. It plummeted to a daily low of $61,384 per coin, prompting a significant wave of leveraged liquidations on Saturday. Bitcoin Value Declines Amid Market Instability; Extensive Liquidations Reported By 4:00 p.m.

Massive Bitcoin Market Turbulence Triggers $4,500 Crash; $167M in BTC Longs Erased in 1 Hour

Bitcoin fell 7.1% to $62,346 at 20:31 GMT on Saturday, adding $5,050 to its previous close.

Bitcoin down by 7.1% to $62,346

The W token took one of the biggest Ls, down over 30% over the past seven days.

News for Bitcoin Crypto (BTC)