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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.

Though modestly higher today, bitcoin remains lower by about 8% from its record high hit two weeks ago.

Near Record High Funding Rate Suggests Bitcoin PullBack Not Over

MicroStrategy Inc. Executive Chairman Michael Saylor is one of the most outspoken proponents of Bitcoin. He is constantly hailing the asset on his social media platforms and speaks highly of Bitcoin in interviews.

MicroStrategy Co-Founder Michael Saylor Says Digital Property Is The 'Solution To Everyone's Economic Problem' — Do You Agree?

Germany joins the US and Great Britain in launching a new physically backed Bitcoin product this year.

$900 Billion DWS Launches Physical Bitcoin ETC In Germany

In a recent announcement by Binance on April 4, 2024, the firm disclosed its decision to halt support for Bitcoin-based Ordinal non-fungible token (NFT) collectibles within its NFT marketplace. The directive from Binance calls for users of its NFT marketplace to withdraw their Ordinal inscriptions by May 18, 2024.

Binance NFT to Halt Bitcoin NFT Activities, Focus Shifts Away From BTC-Based Collectibles

Users must withdraw their Bitcoin NFTs from the platform by May 18, less than a year after support for them was added by the platform.

Binance set to end Bitcoin NFT support despite recent surge in interest

Bitcoin innovation and development has seen a “renaissance” in activity in the last year, Franklin Templeton Digital Assets said in an April report.

Activity Is Beginning to Accelerate in the Bitcoin NFT Space: Franklin Templeton

A popular crypto analyst says Bitcoin (BTC) may be gearing up for a massive breakout based on several aligning indicators. Pseudonymous analyst TechDev tells his 443,100 followers on the social media platform X that the Wyckoff accumulation schematic is bullish for digital assets.

Bitcoin Could Now ‘Go Vertical' As Several Critical Indicators Align, According to Crypto Analyst

Cryptocurrency exchange Binance will cease support for bitcoin-based non-fungible tokens (NFTs) as it undergoes a process to "streamline" its product offerings.

Binance Stops Support for Bitcoin NFTs Citing 'Streamlining' of Offered Products

Combining AR and NFTs, the Bitcoin layer-2 project aims to get users outdoors—and align Bitcoin with environmental consciousness.

Bitcoin Layer-2 Social Network Offers Rewards for 'Touching Grass' in NFT Game

Bitcoin (CRYPTO: BTC) moved higher, with the cryptocurrency prices trading above the key $66,000 level on Thursday. Ethereum (CRYPTO: ETH) also recorded gains, trading above the key $3,300 mark this morning.

Bitcoin Tops $66,000 Following Jobless Claims Data; Ethena Emerges As Top Gainer

On Wednesday, the U.S. spot bitcoin exchange-traded funds (ETFs) saw a modest uptick in positive inflows, amassing a total of $113.5 million across a trading volume of $2.31 billion. The group of ten spot bitcoin ETFs, excluding Grayscale's Bitcoin Trust GBTC, now encompasses 507,472.89 BTC or 2.57% of the total circulating supply of 19.

10 Spot Bitcoin ETFs Now Hold Over 507,000 BTC, Securing 2.57% of Circulating Supply

Morgan Stanley is racing rival UBS to become the first major U.S. bank to fully approve Bitcoin ETF trading, a pivotal move for Bitcoin adoption.

Report: Morgan Stanley 'Racing' to Offer Bitcoin ETFs to All Clients

Trading of Bitcoin Ordinals on Binance's NFT marketplace will end on April 18, with users advised to withdraw assets before April 10.

Binance NFT Marketplace Axes Support for Bitcoin Ordinals

A look at the similarities between AI, 3D printing, and Bitcoin in terms of their disruptive potential as decentralized technologies.

Decentralization and Localized Manufacturing: Bitcoin, AI and 3D printing

The bitcoin halving may already be priced into the market, say Coinbase analysts, as they weigh in on a long-running debate.

Bitcoin's recent all-time high could mean the halving is priced in, say Coinbase analysts

Bitcoin (CRYPTO: BTC) spot exchange-traded funds (ETFs) continued to attract significant investment on Wednesday, with the total net inflows into these funds reaching $113 million. What Happened: However, the story within the Bitcoin ETF landscape remains nuanced.

Bitcoin Spot ETFs Notch $113M Net Inflows On Wednesday, Grayscale Outflows Continue

An analyst and trader is issuing a warning on Bitcoin (BTC) amid the flagship crypto asset's double-digit pullback from an all-time high reached last month.

‘We're in the Thick of the Danger Zone' – Analyst Issues Bitcoin Alert, Predicts More Downside Risk for BTC

Financial services giant Franklin Templeton sees Bitcoin undergoing a renaissance of innovation driven by ordinals, layer 2s, and new protocol standards.

Franklin Templeton: Ordinals Driving 'Renaissance' in Bitcoin Innovation

Fidelity's FBTC led the inflows on Wednesday, attracting $116.7 million, while outflows from Grayscale's GBTC fund slowed to $75.1 million.

Spot Bitcoin ETF flows turn positive this week as Grayscale's GBTC outflows slow

The price of Bitcoin (BTC) has fallen below the 21-day SMA for the second consecutive day, indicating that the cryptocurrency is poised for another decline.

Bitcoin holds above $65,000 and prepares for its uptrend

A widely followed crypto analyst and trader is offering his forecast on a digital token that represents physical and traditional financial assets or Real World Assets (RWA). The trader pseudonymously known as Altcoin Sherpa tells his 213,700 followers on the social media platform X that crypto assets in the RWA category are still “strong”.

Trader Updates Outlook on Altcoin That's Exploded Over 1,000% Year-to-Date, Maps Path Forward for Bitcoin

Shiba Inu

This article was originally published on the Benzinga India portal. Meme tokens like Shiba Inu (CRYPTO: SHIB), Pepe (PEPE), and Floki (FLOKI) have captured the attention of Indian investors, dominating the trading scene on WazirX, one of India's premier crypto exchanges.

Shiba Inu Outshines Bitcoin In India Amid Meme Coin Frenzy On Premier Domestic Platform

Economist Peter Schiff has once again stirred the crypto community, this time by advising Bitcoin (CRYPTO: BTC) holders to exchange their holdings for gold and silver. What Happened: On Monday, Schiff, a well-known Bitcoin critic, took to social media platform X, formerly known as Twitter, to taunt Bitcoin holders.

Peter Schiff Taunts Bitcoin Holders, Urges Them To Exchange Their Crypto Holdings For Gold: 'If You Fail To Act, Have Fun Staying Poor'

ARK 21Shares exchange-traded fund (ARKB) experienced higher Bitcoin (BTC) outflows than Grayscale's Bitcoin Trust (GBTC) for the first time.

ARK Invest 21Shares Bitcoin Spot ETF Surpasses Grayscale's GBTC in Outflows for the First Time

Dogecoin

Ethereum

Renowned financial expert, Raoul Pal, remains optimistic about the future of cryptocurrencies, predicting a rapid adoption rate despite recent market downturns. What Happened: On Thursday, Pal took to X, formerly Twitter, to express his views on the current state of the cryptocurrency market.

As Bitcoin, Ethereum, Dogecoin Come Under Pressure; Raoul Pal Asserts Crypto 'Still Being Adopted At Twice The Speed Of Internet' —Predicts 1B Users By 2025

News for Bitcoin Crypto (BTC)