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.

To say bitcoin BTC$62,309.28 bears are having a great time would be an understatement. The cryptocurrency has shed 14% in seven days, falling to levels not seen since the crash in February.

Standard Chartered's three 'Ifs' that stand between bitcoin and a market low

Macro strategist Callum Thomas shared a chart-based observation on Wednesday, highlighting how a sudden rally in space stocks aligned with Bitcoin's (CRYPTO: BTC) decline. Crypto Bros Channeling Liquidity To Space Stocks?

Bitcoin Crashes As Space Stocks Soar: Is SpaceX's IPO Pulling Capital Away From Crypto?

BTC crashed to $61,300 before recovering to $62,500 with $3 billion in liquidations over two days. Traders loaded up on $60,000 puts in anticipation of further declines.

Bitcoin steadies above $60,000 while derivatives send an unambiguous warning

New crypto trading products are exploding across U.S. markets, but analysts say the surge is also exposing a growing identity crisis for digital assets. Perpetual Bitcoin Futures Prediction market platform Kalshi launched regulated perpetual Bitcoin (CRYPTO: BTC) futures last week after receiving approval from the Commodity Futures Trading Commission.

Why Own Bitcoin At All? Kalshi CEO Says Perpetual Futures Are The 'Purest Form Of Trading'

Standard Chartered said bitcoin's low is "almost in," citing resilient ETF holdings and likely Strategy buybacks after a painful week for crypto.

‘The low is almost in': Standard Chartered says bitcoin bottom near after tough week for crypto

More than half of the bitcoin in circulation is sitting on unrealized losses as the BTC price tests historically significant bear-market support levels.

This bitcoin metric has marked every bear market bottom, and it's just flashed again

UMA voters ruled that Strategy's June 1 disclosure counted for the June contract, even though the company said it sold bitcoin during the final week of May.

Polymarket says No for May, Yes for June after Strategy's recent bitcoin sale

Economist Peter Schiff took a dig on Wednesday at “unqualified” cryptocurrency advisors who mistake Bitcoin's (CRYPTO: BTC) early gains as validation of a smart long-term investment. Schiff Scoffs At ‘Young' Crypto Commentators In an X post, Schiff observed that many “young” and “unqualified” individuals in the cryptocurrency industry have begun offering financial advice.

Peter Schiff Says 'Young' People Who Made Money Early With Bitcoin Dishing Out Financial Advice: 'Don't Confuse Brains With A Bull Market'

Ethereum

Solana

BlackRock's IBIT shed another $342 million on Wednesday as ether, solana and XRP funds joined the redemption wave, leaving Hyperliquid's HYPE products as the only major crypto ETF category still pulling in net new money.

BTC, ETH, SOL and XRP ETFs bleed $4.4 billion over 13 sessions, only HYPE in green

Anthony Pompliano, CEO of Professional Capital Management, urged investors on Wednesday to stop paying attention to the recurring declarations that Bitcoin (CRYPTO: BTC) is “dead.” ‘Careful Who You Listen To' Pompliano expressed frustration on X about how some bears start “screeching” every four years that Bitcoin is going to zero.

Anthony Pompliano Says Ignore Screeching Bears That Declare Bitcoin Dead Every 4 Years: 'They Are Wrong Every Time'

Strategy Inc. sold 32 bitcoin between May 26 and May 31 for roughly $2.5 million, its first disclosed net bitcoin disposal since December 2022, according to a June 1 Form 8-K filing with the U.S. Securities and Exchange Commission (SEC).

Community Clashes Over Strategy's First Bitcoin Sale in 4 Years as MSTR Craters 7%

The dispute centers on Strategy's disclosure that it sold 32 BTC for roughly $2.5 million between May 26 and May 31.

Polymarket's UMA vote upholds ‘No' outcome on Strategy bitcoin sale market despite backlash

Dogecoin

Leading cryptocurrencies descended further on Wednesday as whale sell-offs and geopolitical uncertainty dampened risk appetite. Cryptocurrency 24-Hour Gains +/- Price (Recorded at 9:25 p.m.

Bitcoin Below $63,000, Ethereum, XRP, Dogecoin Also Plummet Amid 'Extreme Fear': Analyst Pinpoints Bearish Shift In BTC's Risk Profile

Bitcoin price has tumbled to its lowest level in months Wednesday night, crashing below $62,000 and wiping out a sharp intraday loss of more than $5,300.

Bitcoin Price Plunges Below $62,000, Erasing Months of Recovery as Sell-Off Accelerates

Presto Research says bitcoin's drawdowns this year have coincided with rallies in AI stocks and gold as markets scale back expectations for Fed rate cuts.

Bitcoin drops below $62,000 as $1.5 billion in crypto longs get wiped out

Analysts and market observers are saying bitcoin's crash is happening due to traders chasing momentum and rotating out of crypto and into high-flying IPOs and AI stocks.

Live Markets: Bitcoin crashes to $62,000 as billions of longs get liquidated

Bitcoin hovered under the $63,000 mark late June 3 after a steep selloff erased more than $1.2 billion in leveraged crypto positions during the past 24 hours. Data from Coinglass shows total liquidations reached approximately $1.12 billion over the last day, with long traders absorbing the overwhelming majority of the damage.

$1.2B Liquidated as Bitcoin Tests $62.5K Support Amid Sharp Crypto Selloff

The selloff has triggered demand for protective options plays, pushing the fear gauge higher.

Bitcoin selloff continues as prices slide below $63,000 for the first time since February

SpaceX's proposed $75 billion IPO would rank among the largest ever, while its $1.29 billion bitcoin holding and the broader wave of megacap listings could reshape capital flows across crypto and technology markets.

SpaceX targets record $75 billion IPO as bitcoin treasury and liquidity risks draw focus

Bitcoin, ​the world's ‌largest ​cryptocurrency ​by market ⁠value, ​on ​Wednesday fell ​4% ​to $64,721.39, the lowest ‌since ⁠February 28.

Bitcoin falls 4% to over three-month low

Bitcoin is currently trading roughly $150,000 below what Bitwise Europe's sovereign default model says it is worth. That gap widened in May as the price climbed to $83,000 before $1 billion in exchange-traded product (ETP) outflows dragged it back to $72,000, leaving the market compressed at a structural crossroads.

Bitwise Model Shows Bitcoin Is Deeply Underpriced at $224K Fair Value Amid Debt Crisis

Physical Casascius coins were minted 15 years ago in the early days of Bitcoin—and the BTC held within is worth a whole lot more today.

Someone Just Redeemed a 15-Year-Old Physical Bitcoin, Scoring $1.78 Million in BTC

Bitcoin price is holding a risky position near $65,000 Wednesday, down roughly 12% over the past seven days and trading at its lowest level since February as a broad rotation out of crypto into competing speculative trades chips away at the foundation of its recent bull run.

Bitcoin Price Crashes to Precarious Position Below $65,000 as Momentum Rotates Into AI, IPOs

Veteran commodity strategist and Bloomberg analyst Mike McGlone says Bitcoin (CRYPTO: BTC) and broader crypto markets may still be far from a true bottom, warning that excessive speculation and stretched risk markets could trigger a deeper reset. Bitcoin in “Purge Mode“ Speaking in a CoinTelegraph interview on June 2, McGlone argued Bitcoin remains stuck in a broader "purge mode," with the next major support zone likely around $50,000 before potentially falling toward $10,000 longer term.

Bitcoin Is In 'Purge Mode', Bloomberg's McGlone Warns: Next Stop—$50,000

Bitcoin dropped towards $65,000 on Wednesday as crypto markets face a wave of ETF outflows, more than $1 billion in liquidations, and worsening fear sentiment.

News for Bitcoin Crypto (BTC)