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.

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

The Daily: David Sacks criticizes US government's past bitcoin sales, JPMorgan sees less than 50% chance of crypto reserve approval and more

Bhutan has quietly amassed nearly $1 billion in bitcoin reserves through sustainable hydroelectric mining, using the cryptocurrency to fund public services and positioning it as a strategic financial model for nations grappling with economic instability.

Bhutan's Sustainable Bitcoin Mining Fuels Salary Hikes, Healthcare Initiatives

Ethereum

The Trump-backed World Liberty Financial also revealed plans to hold Sui, sending the price of that token surging Thursday.

World Liberty Financial Buys More Bitcoin and Ethereum Ahead of Trump's Crypto Summit

Bitcoin derivatives traders are ramping up leveraged positions and boosting open interest ahead of Friday's White House Crypto Summit.

Bitcoin derivatives market surges as traders position ahead of White House crypto summit

El Salvador President Nayib Bukele says his country will continue accumulating Bitcoin (BTC) despite rumors suggesting otherwise. El Salvador first adopted BTC as legal tender in 2021, but recent pressure from the International Monetary Fund (IMF) related to a recently approved $1.

President Nayib Bukele Says El Salvador Will Continue Accumulating Bitcoin Despite IMF Pushback

China's economic stimulus measures and Friday's highly anticipated White House Crypto Summit helped the cryptocurrency enter $90K territory. As Bitcoin Tops $90K, All Eyes Turn to White House's High-Stakes Crypto Summit Bitcoin traded as high as $92,804.

Bitcoin Breaks $90K Ahead of White House Crypto Summit

Sacks faced scrutiny over potential conflicts of interest but confirmed he sold his crypto assets before joining the Trump administration.

Crypto czar David Sacks laments US government's previous management of bitcoin holdings

Russian Deputy Finance Minister Vladimir Kolychev's statement on Wednesday that Bitcoin (CRYPTO: BTC) will not be included in the National Wealth Fund mirrors President Vladimir Putin's historically cautious approach to cryptocurrency. What Happened: Kolychev, speaking to Interfax on Wednesday, confirmed that the country's national wealth fund will maintain its focus on gold and yuan, with allocations of up to 60% in yuan and 40% in gold, explicitly rejecting Bitcoin due to its volatility.

Vladimir Putin Said 'Nobody Can Ban Bitcoin,' But Russia Isn't Looking To Follow Donald Trump's Push For A Crypto Reserve

Bitcoin Magazine Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy This post Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy first appeared on Bitcoin Magazine and is written by Vivek Sen Bitcoin.

Brazilian Publicly Traded Méliuz Adopts Bitcoin Treasury Strategy

David Sacks' observation mirrored President Donald Trump's initial vision for a “strategic Bitcoin stockpile.”

Crypto Czar David Sacks Says U.S. Can HODL Bitcoin Ahead of White House Summit

Michael Saylor, executive chairman of Strategy (NASDAQ:MSTR), suggested on Thursday that the United States plans to purchase 1 million Bitcoin (CRYPTO: BTC) to establish a strategic reserve, aligning with a framework outlined in the bill proposed by senator Cynthia Lummis (R-Wyo.) He was speaking in a Fox Business interview, ahead of a White House Crypto Summit scheduled for Friday, where Saylor will participate.

Michael Saylor Hints US Will Buy 1 Million Bitcoin For Strategic Reserve

China is considering ramping up its economic stimulus measures—something that's previously pushed risk assets like bitcoin higher

‘Watch Out'—Forget Trump, China Is Quietly Priming A $1.4 Trillion Bitcoin Price Boom

The move marks LBTC's first integration with a non-EVM blockchain, bringing bitcoin as a collateral in DeFi to a broader ecosystem.

Lombard Finance to Launch its Liquid-Staking Bitcoin Token LBTC on Sui

Cardano

Solana

The market appears to be pricing in minimal expectations for these altcoins.

ADA, SOL, XRP: Altcoins Under Consideration for U.S. Crypto Reserve Lag BTC in Retaking Sunday Highs

The company has already purchased $4.1 million worth of BTC as part of its long-term treasury strategy.

Brazilian Fintech Méliuz to Allocate 10% of Cash Reserves to Bitcoin

On March 5, Bitcoin ETFs experienced net outflows of $38 million, with Valkyrie's BRRR leading the withdrawals. Ether ETFs faced even larger outflows, totaling $63 million, primarily due to significant withdrawals from Grayscale's ETHE.

Bitcoin ETFs Witness $38 Million Outflow as Grayscale Withdrawals Hit Ether ETFs Hard

Both traditional and crypto markets have stabilized in the past 48 hours, but key volatility indices remain elevated, calling for caution for bulls who are expecting a steady move higher.

Crypto Daybook Americas: Bitcoin Traders on Edge Ahead of Trump's Make or Break Crypto Summit

Brazilian fintech Meliuz said on Thursday its board of directors had approved a new treasury strategy allowing the company to allocate resources and make investments in bitcoin as it seeks "long-term" returns.

Brazilian fintech Meliuz adopts new treasury strategy to invest in bitcoin

The Bitwise Diaman Bitcoin & Gold ETP (BTCG), which commenced trading on Euronext Paris and Amsterdam on Thursday, replicates the Diaman Bitcoin and Gold Index

Bitwise Debuts Bitcoin and Gold ETP in Europe

A hammer candle is where the lower or upper wick is 90% of the total range.

Bitcoin Chart Shows Back to Back Weekly Hammer Candles, Seen Only a Handful Of Times in BTC

“A return to the area above the 50-day at $97,000 is a marker of bullish success,” one trader said.

Bitcoin Surges to $92K, XRP Prices Muted as White House Crypto Summit Looms

While the fine print of the IMF credit facility deal states that the public sector will not acquire more bitcoin, El Salvador's President Nayib Bukele has rejected this notion, asserting that these acquisitions will continue.

Bukele's IMF Deal Controversy: Fine Print on Bitcoin Raises Questions

A veteran crypto trader who has a track record of calling Bitcoin's market tops and bottoms still thinks BTC is primed to hit $180,000 this cycle. The pseudonymous analyst known as Dave the Wave tells his 148,500 followers on the social media platform X that Bitcoin's price is “chugging along on the weekly Gaussian.

Here's How Bitcoin Hits $180,000 This Cycle, According to Analyst That Called 2021 Top

Bitcoin's price recently dropped to its lowest levels since November of last year, raising concerns about its future direction.

Bitcoin Price Likely To Stay Above $69K, Says Economist Timothy Peterson, Predicting $1.5 Million by 2035

Options pricing on Deribit suggests BTC could swing by nearly $5K following the crypto summit, according to analysis by STS Digital

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