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.

Bitcoin continues its rollercoaster routine with a current price of $83,677 to $84,142 over the last 60 minutes, as the broader crypto market tightens its seatbelt. With a market cap of $1.67 trillion and a jaw-dropping 24-hour trading volume of $143.

Bitcoin Price Watch: Price Rebounds off $80K—A Bottom or a Trap?

Bitcoin BTC$83,292.08 has fallen sharply, dropping over 25% to $83,700 this month, and data suggests some traders are bracing for a further decline.

BTC Traders Brace for Price Crash to $75K; No Bottom Seen: Research Firm

The CoinDesk 20 is currently trading at 2667.21, down 4.0% (-111.91) since 4 p.m. ET on Thursday.

CoinDesk 20 Performance Update: Bitcoin (BTC) Price Falls 3.3% as Index Declines

Disclosure & Polices: CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies.

Attention Bitcoin Bulls: BTC is Now at Levels Preceding FTX-Era Extremes

Bitcoin BTC$83,292.08 staged a modest rebound in morning U.S. hours Friday after a 10% selloff overnight as the likelihood of a Federal Reserve rate cut in December jumped sharply following dovish remarks from New York Fed President John Williams.

Bitcoin Bounces Above $84K as Fed's Williams Puts December Rate Cut Back on Table

Ethereum

Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) breaking below key support levels has sparked debate over whether fundamentals are to blame — but Fundstrat's Tom Lee argues the real culprit is far more mechanical. What Happened: In an interview with CNBC on Thursday, Lee said crypto has been bleeding ever since a massive Oct. 10 liquidation event crippled major market makers and left liquidity dangerously thin.

Tom Lee Says Bitcoin, Ethereum Crash Wasn't Macro But A 'Software Bug'

Dogecoin

Bitcoin has plunged around 10% to $82,000 over the past 24 hours, pushing liquidations to around $2 billion. Spot ETFs saw heavy outflows on Thursday, with $903.1 million exiting Bitcoin funds and another $261.6 million flowing out of Ethereum products.

Bitcoin Craters 10% To $82,000 As $2B Liquidations Hit Ethereum, XRP, Dogecoin

Bitcoin and the wider crypto market have dropped sharply, reigniting bitcoin crash fears

Serious Fed Warning Triggers Sudden Bitcoin Price Drop— Sparks Fresh Crash Fears

Crypto Markets Today: Bitcoin, Ether Slide as Liquidity Crisis Fuels Heavy Sell-Off

Analysts warn structural support is weakening as ETF outflows accelerate, pushing bitcoin to $82,000 and the total crypto market cap below $2.9 trillion.

Crypto liquidations near $2 billion as bitcoin rout deepens

A leverage-driven crash liquidated nearly $1B in an hour as Bitcoin continued its slide, pushing the total crypto market cap under $3T.

Nearly $1B Liquidated In an Hour as Bitcoin Plunges Below $82K

Bitcoin BTC$83,042.21, the leading cryptocurrency by market value, experienced a brief flash crash at 7:34 UTC on Hyperliquid, plunging from $83,307 to $80,255 within a minute only to bounce back equally fast to $83,000.

Bitcoin Suffers Flash Crash to $80K on Hyperliquid Amid Market Volatility

An early Bitcoin (CRYPTO: BTC) investor sold off their entire position on Thursday, amid what has been one of the steepest declines of the apex crypto in recent memory. Bitcoin ‘OG' Exits Owen Gunden, who has been HODLing since 2011, transferred $230 million worth of Bitcoin to cryptocurrency exchange Kraken, according to Blockchain analytics firm Arkham.

Bitcoin Whale From Satoshi Era Dumps Entire Stake For $1.3 Billion As BTC Drowns Below $83,000

Bitcoin prices lost another key level, moving under $84K as Japan approved a stimulus package that aims to put nearly $273 billion behind its worsening economy. Analysts assess that the uncertainty caused by this development might creep into stock markets and affect bitcoin, which is correlated with risk assets.

Bitcoin Plunges to $83K as Markets Cower Before Japan's Massive Stimulus Package

Bitcoin extended its November collapse on Friday, sliding below $85,000 for the first time since April as a cascade of leveraged liquidations and collapsing sentiment deepened what is shaping up to be the worst monthly drawdown since the 2022 crypto winter.

Crypto Bulls See $1.7B Liquidations as Bitcoin Swiftly Nears $80K

Spot bitcoin exchange-traded funds in the U.S. posted their second-largest daily outflow since their inception.

Spot bitcoin ETFs see near-record outflows of $903 million

The 11 spot bitcoin BTC$85,533.71 exchange-traded funds (ETFs) listed in the U.S. have collectively registered outflows totaling $3.79 billion, marking the largest on record and surpassing the previous peak outflow of $3.56 billion in February.

Bitcoin ETFs Have Bled a Record $3.79B in November

Binance Chief Executive Richard Teng said on Friday bitcoin's sharp drop in the past month was the result of investors deleveraging cryptocurrency holdings and risk aversion in line with that seen in most major asset classes.

Binance CEO Teng says bitcoin volatility in line with most asset classes

The Japanese yen (JPY) is also down 157.20 per U.S. dollar, a big move for a major fiat currency, prompting FX traders to await intervention from the Bank of Japan (BOJ) to stem the decline.

Yen Slump is Bullish for BTC and Risk Assets. Or Is It?

Trump backed $ABTC just dropped its first earnings as a public company. This “not just a miner, not just a treasury” company is now targeting 50 EH/s to power its BTC-focused growth strategy. The following guest post comes from BitcoinMiningStock.

American Bitcoin Targets 50 EH/s Bitcoin Mining Capacity

Bitcoin fell below $86,000 after the delayed US jobs data pointed to persistent inflation, chipping away hopes for a December rate cut.

Bitcoin plunges below $86,000 as US jobs data dampens rate cut hopes

Billionaire investor Ray Dalio reaffirmed his skepticism toward Bitcoin's (CRYPTO: BTC) potential as a reserve currency on Thursday, while revealing that only a small portion of his portfolio is allocated to the digital asset. Dalio Highlights Quantum Threat For BTC During an interview with CNBC, Dalio, founder of Bridgewater Associates, revealed that he has “forever” kept roughly 1% of his portfolio in Bitcoin.

Ray Dalio Reveals He Has 'Forever' Had 1% Of His Portfolio Tied Up In Bitcoin, But Still Has These Fears About The Future of BTC

Anchorage Digital announced support for Mezo through its institutional self‑custody wallet Porto, enabling clients to borrow against BTC at fixed rates starting at 1% and, soon, lock BTC to collect rewards via Anchorage's custody solutions.

Anchorage Digital Adds Mezo Support to Let Institutions Borrow and Earn on BTC

Japanese Prime Minister Sanae Takaichi's cabinet approved a multi-billion dollar stimulus package on Friday, delivering on the new leader's promise to pursue an expansionary fiscal policy.

Japan Approves $135B Stimulus Package; BTC Dip Keeps Giving

Bitcoin extended its slide Friday morning Hong Kong time, dropping below $85,500, CoinDesk data shows, as the market absorbed a fresh wave of selling pressure and another shift in global rate expectations.

News for Bitcoin Crypto (BTC)