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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.

After a big week for Bitcoin, some are looking beyond the next all-time high to ask whether the good times will last.

Bitcoin Is Back—How Long Will This Bull Run Last?

The latest price moves in bitcoin (BTC) and crypto markets in context for March 1, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Is Bitcoin Rallying Ahead of Schedule?

Over the past hour, as bitcoin's value swings from $62,150 to $62,545 on March 1, 2024, the cryptocurrency market is experiencing a pronounced upward trend. With a trading volume of $55.41 billion over 24 hours and a market cap touching $1.21 trillion, bitcoin's dominance in the market is clear.

Bitcoin Technical Analysis: BTC's Bullish Rise Continues Amidst Market Optimism

Ethereum

Bitcoin BTC has seen a return to its 2021 boom times over the last few weeks (though the huge bitcoin price rally has triggered a serious warning of "massive collateral damage").

‘Bigger Wave Coming'—Bitcoin Now Braced For Its ‘IPO Moment' After Huge $2.3 Trillion Ethereum, XRP And Crypto Price Surge

Between July 2023 and January 2024, the concentration of bitcoin and ethereum in institutional digital asset portfolios increased from 50% to 80%, the latest Bybit user asset allocation report has shown. During this period, institutions appeared to be more bullish on ethereum than bitcoin, a sentiment that contrasted with that of retail investors.

Study: Institutions More Bullish on Ethereum in H2 of 2023 — BTC and ETH Holdings Surge to 80%

A recent post by crypto analyst Ali Martinez indicates that Bitcoin (CRYPTO: BTC) whales have been offloading a significant amount of their BTC holdings, causing concern for investors and traders. What Happened: According to the post, Bitcoin whales have sold over 80,000 BTC in the last three days, amounting to approximately $4.8 billion.

Bitcoin Analyst Advises 'Caution' After Whales Dump King Crypto Worth $4.8B, Says Crucial Indicator Has Flashed 'Sell Signal'

Estimates would see Bitcoin's fourth halving arrive on April 21, with the block reward dropping from 6.25 BTC to 3.125 BTC.

Bitcoin's next halving event may now be just 50 days away

Spring has come early to cryptoland. Bitcoin is trading above $60,000, up more than 167% in the last 12 months and more than $7 billion has poured into the new bitcoin ETFs.

Why Bitcoin's Surge Could Be A Boon, Or Trap, For New Ether ETFs

BlackRock's IBIT saw its second-largest daily inflows of $603.9 million — canceled out by $598.9 million in outflows from Grayscale's GBTC.

BlackRock's IBIT spot bitcoin ETF crosses $10 billion in AUM

The price of Bitcoin (BTC) has risen and crossed the psychological threshold of $60,000. On March 1, 2024, BTC price faced corrections at $62,000

Bitcoin Continues Its Rally And Reaches A High Of $63,000

Blackrock is launching Brazil's first spot bitcoin ETF, the Ishares Bitcoin Trust BDR (IBIT39), on Mar. 1, initially available to qualified investors with plans to eventually open it to retail investors.

Blackrock Launching Brazil's First Bitcoin ETF

From Solana hitting its 22-month high to Bitcoin experiencing scarcity already, here is a 2-minute breakdown of everything important that happened in crypto today.

What Happened in Crypto Today: Bitcoin Is Experiencing Scarcity Already

A popular analyst is urging crypto traders to proceed with caution amid a shift in Bitcoin (BTC) whale behavior. Using data from the crypto analytics firm Santiment, Ali Martinez tells his 48,700 followers on the social media platform X that there has been a sudden, significant spike in profit-taking among BTC whales.

Analyst Warns Crypto Traders To Proceed With Caution As Bitcoin Whales Take Profits

Never before has the RSI been this overbought alongside an above-$60,000 bitcoin price, analysts at The Market Ear explained.

Bitcoin Bulls Just Joining the Rally Are Very Late to the Party, Analyst Says

Jack Mallers' announcement of Strike Africa's expansion into Gabon, Ivory Coast, Malawi, Nigeria, South Africa, Uganda, and Zambia marks a milestone in the continent's financial evolution. This move by Strike to introduce a suite of bitcoin services directly addresses the unique financial challenges many African nations face, such as high inflation, devaluing currencies, and costly remittance services.

Strike's Bitcoin Expansion And Tech Growth In Africa

Leonidas, the pseudonymous founder of Ord.io, an ordinals explorer, has reported one of the biggest sales of inscriptions, the so-called Bitcoin native non-fungible tokens (NFTs), to date. Leonidas stated that the second inscription on the Bitcoin blockchain had been sold for 24.48 BTC (over $1.

Ordinals Market Registers Record Sale: Bitcoin Budgie Changes Hands for Over $1.1 Million in BTC

(Full disclosure: I'm building Coinbits.app, a bitcoin banking platform.)

Bitcoins Aren't Pearls: How Flawed Metaphors Cloud Understanding

Gold advocate and vocal bitcoin critic Peter Schiff has warned of a bubble in bitcoin exchange-traded funds (ETFs) that will burst when gold rallies. Schiff argues that gold will “inevitably” break out, and the price of bitcoin will crash as investors withdraw from bitcoin ETFs. “Bitcoin has basically become a bet against gold,” he stressed.

Peter Schiff Predicts Bitcoin ETF Bubble — Expects BTC to Crash When Gold Breaks Out

Solana

Solana (SOL) reached a 22-month high of $136 this week, after Bitcoin's rally to $64,000 boosted the broader cryptocurrency market.

Solana Surges To 22-Month High As Bitcoin Rallies

Dogecoin

Major cryptocurrencies traded mixed on Thursday, with Bitcoin and Ethereum taking a breather, signaling the onset of the profit-taking season. Cryptocurrency Gains +/- Price (Recorded 9:30 p.m.

Bitcoin, Ethereum, Dogecoin Take A Siesta After February Frenzy: Analyst Sees Apex Crypto Pulling Back To $46K If Correction Occurs

Bank of America's Merrill Lynch and Wells Fargo's wealth management arm have reportedly begun offering some clients access to spot bitcoin exchange-traded funds (ETFs). Other investment platforms that offer some clients access to spot bitcoin ETFs include Fidelity, Charles Schwab, Robinhood Markets, and UBS.

Bank of America Merrill Lynch and Wells Fargo Begin Offering Spot Bitcoin ETFs to Clients, Report

The cryptocurrency has more room to run, analysts say.

Bitcoin Is Poised for Its Biggest Monthly Gain in 3 Years

The question some are now asking is whether the famously conservative firm will pivot on crypto.

Retiring CEO of Giant Asset Manager Vanguard Shunned Bitcoin ETFs

Merrill, a division of Bank of America Corp. (NYSE: BAC), and the brokerage arm of Wells Fargo & Co. (NYSE: WAC) have begun offering their wealth management clients access to Bitcoin ETFs. What Happened: The Rollout Of Bitcoin ETFs Quoting sources, Bloomberg reported that these financial giants are extending these ETFs to select wealth management clientele who express interest in these offerings.

Merrill And Wells Fargo Jump On Board: Bitcoin ETFs Reach Wall Street Elite

Bitcoin (CRYPTO: BTC) is on track to reach a new all-time high within a matter of weeks, according to Alex Thorn, Head of Firmwide Research at Galaxy Digital. What Happened: Thorn believes the recent surge in Bitcoin's price is just the beginning of a major bull run, fueled by several key factors.

News for Bitcoin Crypto (BTC)