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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.

Alexander Leishman — founder, CEO and CTO of River — believes in designing every facet of River so as to prioritize the security of customer funds and to create a more dynamic financial platform.

River: A Bitcoin Brokerage Built From The Ground Up

The market now perceives $57,000 to be much cheaper for BTC than it did years ago, an analyst says.

Bitcoin Price Churn Enters ‘Final Phase' Before Bull Run Continues: CryptoQuant

Despite the recent decline in open interest of longs on CME BTC futures by asset managers, it's still significantly higher than last year.

CME BTC futures open interest dips then rebounds to $5.64 billion as institutional investors adjust to volatility

Although Grayscale opened the door to the Bitcoin ETF market, investors have moved swiftly to other options.

Grayscale's Share of Bitcoin ETF Market Falls Below 25% as Rivals Rise

Former Goldman Sachs executive and current CEO & Co-Founder of The Global Macro Investor & Real Vision Group, Raoul Pal in a recent interview highlighted his "everything code" theory and other challenges and opportunities faced by global economies. What Happened: In his appearance on “Market Disruptors,” Pal noted that since 2008, major economies have synchronized their debt refinancing cycles, creating a predictable 4-year pattern aligned with the U.S. presidential cycle and Bitcoin halving cycle.

'Make As Much Money As Possible' Before AI 'Renaissance,' Says Raoul Pal, Who Sees Bitcoin As 'The Standout Asset'

Ethereum

Technical analyst Crypto Cred analysed Bitcoin's (CRYPTO: BTC) recent price action and suggested trading strategies for the consolidation range. What Happened: In his latest Monday Markets episode, the analyst examined Bitcoin futures data, noting that the recent rally appears to be driven more by spot buying than leveraged futures positions.

Erratic Bitcoin, Ethereum Price Action: What Does Technical Analysis Say About This Market?

Riot owns almost 20% of Bitfarms now, and is successfully ousting key leaders from the efficient Canadian miner.

Bitcoin Miner Riot Platforms Is Getting Closer to Taking Over Bitfarms by Force

New research from CryptoQuant suggests that Bitcoin (CRYPTO: BTC) is nearing the final phase of its market consolidation, with increased demand signaling a potentially bullish outlook. What Happened: This comes as Bitcoin's price stabilizes within a range of $57,000 to $68,000, reflecting a broader trend of market resilience amid selling pressure.

Bitcoin Seesaws Between $59,000 And $60,000, But Consolidation Could Be Over Soon: CryptoQuant

Ledn will use the loan to fund the growth of its retail lending operations.

Ledn Secures Industry First $50M Bitcoin-Backed Syndicated Loan from Sygnum

More than 80% of short-term Bitcoin holders are currently losing money on their BTC positions, according to a popular on-chain analyst.

80% of Short-Term Bitcoin Holders Currently Underwater on Positions, According to On-Chain Analyst

Despite recent volatility, institutional investors are demonstrating notable commitment to their ETF holdings, analysts said.

Institutional investors holding steady on bitcoin despite market volatility, analysts say

The new Bitcoin-centric DeFi network announced a $6.7 million fundraise led by Polychain Capital.

BadgerDAO Founder Pitches Corn, an Ethereum Layer-2 Using Bitcoin as Gas

Babylon has launched its bitcoin staking protocol on mainnet, marking a significant step in integrating Bitcoin's security into proof-of-stake (PoS) ecosystems. The launch is set to provide bitcoin holders with new staking opportunities, leveraging the network's decentralized nature.

Babylon Launches Trustless Bitcoin Staking Protocol on Mainnet

Risk assets, including bitcoin, could see a boost as sentiment strengthens amid signs of an improving climate for investors, QCP said.

QCP Capital says risk-on sentiment could boost bitcoin prices amid high demand for upside calls

One month after the Ethereum ETF launches, institutional investors have continued to hold and even increase their exposure to cryptocurrency via ETFs. What Happened: According to new data, while Bitcoin (CRYPTO: BTC) struggles to regain momentum, Ethereum (CRYPTO: ETH) is beginning to gain traction in the ETF space.

Bitcoin ETFs Vs. Ethereum ETFs: How Do They Compare One Month Into The ETH ETF Launch?

On Monday, U.S. spot bitcoin exchange-traded funds (ETFs) saw an influx of $61.98 million, while spot ether ETFs experienced net outflows totaling $13.52 million. Among the 12 BTC ETFs, Blackrock was the standout performer, while Grayscale's Mini Ethereum Trust led the gains in the ETH ETF category. Spot Bitcoin ETFs Gain $61.

Spot Bitcoin ETFs See $61.98M Inflows on Monday as Ether ETFs Struggle

The investment firm's stock price jumped by over 10% on the news that it had completed its planned purchase of ¥1 billion using a loan.

Japanese Firm Metaplanet Buys Another $3.4 Million in Bitcoin

The latest price moves in bitcoin (BTC) and crypto markets in context for Aug. 20, 2024. First Mover is CoinDesk's daily newsletter that contextualizes the latest actions in the crypto markets.

First Mover Americas: Bitcoin Returns to $61K, Outperforms Broader Crypto Market

Welcome to Latam Insights Encore, a deep dive into Latin America's most relevant economic and cryptocurrency-based news from last week. In this edition, we discuss the possibilities of making Bitcoin an important part of the proposed economic overhaul plan of El Salvador.

Latam Insights Encore: El Salvador Bitcoin's Allure Might Help Bukele Reactivate the Country's Economy

The ability to raise debt or equity in the world's deepest capital markets is a major advantage, the report said.

U.S.-Listed Bitcoin Miners Have the Upper Hand Over Unlisted Peers: Bernstein

Looking ahead, "unless there is a massive geopolitical event, Bitcoin is likely to outperform everything else,' an analyst told Decrypt.

Bitcoin Tops $61,000 as Volatility Hovers Near Yearly High

Ronald Stoeferle, managing partner at Incrementum, an independent fund and asset management company, predicts a new era for gold in his latest “In Gold We Trust” report, adding that Bitcoin (CRYPTO: BTC) faces a similarly positive outlook. What Happened: In an interview, Stoeferle highlighted shifting market dynamics and gold's potential as a hedge against inflation and economic uncertainty.

Industry Expert Is 'Super Super Bullish On Both' Gold And Bitcoin, Sees New Playbook Phase As Catalyst

Bisq 2, the decentralized Bitcoin exchange, has announced the integration of the Lightning Network in its latest release, version 2.1.0. This update introduces faster and cheaper transactions, leveraging the Lightning Network's off-chain capabilities. Alongside this, Bisq 2.1.

Decentralized Bitcoin Exchange Bisq 2 Adds Support for Lightning Network

Bitcoin's (BTC) chart appears to be mirroring a Japanese stock market index, according to one popular crypto analyst.

$1,000,000 BTC in 2027? Analyst Says Bitcoin Could Be Mirroring Japanese Stock Market's Early Years

Metaplanet purchased another ¥500M of Bitcoin, bringing its total holdings to 360 BTC acquired for ¥3.45B. The public Japanese company is aggressively stacking sats by raising capital.

News for Bitcoin Crypto (BTC)