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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.

A closely followed trader believes that a key support level for Bitcoin will collapse before BTC witnesses another move to the upside.

Top Trader Issues Bitcoin Warning, Predicts BTC Collapse Amid Extended Weakness and Consolidation

In the realm of bitcoin trading, technical analysis can play a significant role, with oscillators being pivotal tools. Oscillators, developed over decades, assist traders in making informed decisions by analyzing price momentum and market conditions. This article delves into the history and usage of key oscillators leveraged in bitcoin trading.

Understanding Oscillators in Bitcoin Trading: A Technical Analysis Guide

Bitcoin investors and Winklevoss twins, Cameron and Tyler, received a refund after their Bitcoin (CRYPTO: BTC) donations to former President Donald Trump‘s presidential campaign exceeded the legal limit under federal law. What Happened: The Winklevoss twins, who are known for their dispute with Facebook founder Mark Zuckerberg and are now managing Winklevoss Capital Management, donated Bitcoin equivalent to $1 million each to the presumptive Republican nominee.

Trump's Presidential Campaign Receives Over-Limit Bitcoin Donation From Winklevoss Twins

Crypto analyst Kevin Svenson has projected a possible leap in Bitcoin's (CRYPTO: BTC) worth to $90,000, notwithstanding the digital currency's latest 11% correction. What Happened: In a YouTube video on Friday, Svenson said that if Bitcoin concludes the week above the parabolic curve trend line, it could instigate a 42% price augmentation from its present level.

Crypto Analyst Predicts Bitcoin To Blast Off To $90,000 If This Happens

Ethereum

British banking titan Standard Chartered is reportedly going to roll out a Bitcoin (BTC) and Ethereum (ETH) trading desk based in London. According to a new report by Bloomberg, anonymous sources familiar with the matter say that the financial services giant is venturing into the world of spot market crypto trading.

Banking Giant Standard Chartered To Launch London-Based Bitcoin and Ethereum Trading Desk: Report

Avalanche

Onchain detective Zachxbt reported that an entity moved 1.96 million avalanche (AVAX) to various exchanges and subsequently withdrew millions in bitcoin (BTC) after the transaction. As of 8 a.m. EDT today, AVAX has declined almost 10% in the last 24 hours.

Millions in Bitcoin Withdrawn After 1.96 Million AVAX Transferred to Exchanges: Zachxbt

The price of Bitcoin (BTC) has fallen further below the moving average lines while remaining above the $64,300 support.

Bitcoin Takes A Break And Goes For Aggressive Buying At $64,000

SkyBridge Capital founder Anthony Scaramucci is making a massive prediction for Bitcoin (BTC) and Ethereum (ETH) this cycle. In a new interview on the Unchained Crypto YouTube channel, Scaramucci says he believes Bitcoin could soar nearly 300% and Ethereum nearly 240% from their current values.

Bitcoin Could Skyrocket Nearly 300%, Says SkyBridge Capital CEO Anthony Scaramucci – Here's the Timeline

dogwifhat

Bitcoin (CRYPTO: BTC) is currently at a critical juncture, according to a prominent crypto analyst. The analyst also updated the outlook for altcoins Solana (CRYPTO: SOL) and dogwifhat (CRYPTO: WIF).

Bitcoin At 'Do-Or-Die' Level And Dogwifhat 'Just Looks Sh*t,' Says Top Trader: 'Can't Pin This On Me'

Bitcoin and crypto prices have swung wildly this week as former U.S. president and 2024 White House hopeful Donald Trump issues a serious warning over a potential U.S. dollar collapse.

‘The Next Domino To Fall'—Tech Billionaire Primes Bitcoin For A Massive Price Shock

Chainlink

The widely followed cryptocurrency trader and analyst Michaël van de Poppe is expressing bullish sentiment on a leading blockchain oracle while outlining the potential path forward for Bitcoin (BTC) and Ethereum (ETH).

Crypto Trader Says One Blue-Chip Altcoin Primed To Skyrocket by 150%, Updates Outlook on Bitcoin and Ethereum

Analyst Kevin Svenson is outlining a path forward for Bitcoin (BTC) amid the flagship cryptocurrency correcting by around 11% over the past two weeks from the June high of around $72,000.

Bitcoin To Hit $90,000 ‘Sooner Rather Than Later' if This Happens, Says Crypto Analyst Kevin Svenson

Crypto analyst Justin Bennett has cautioned that Bitcoin (CRYPTO: BTC) could potentially plummet to significantly lower levels. What Happened: On Thursday, Bennett, who boasts a following of over 110,800 on social media platform X, formerly Twitter, said that Bitcoin could see a decline of over 18%.

Bitcoin Could See 18% Decline, Predicts Crypto Analyst: Plunge 'More Likely Now' With $54K A Possibility

Crypto exchange Gemini's co-founders, Cameron and Tyler Winklevoss, have donated $1 million each in bitcoin to Donald Trump's presidential campaign. Tyler criticized the Biden administration for allegedly weaponizing government agencies, as well as the U.S. Securities and Exchange Commission (SEC), against the crypto industry.

Gemini Founders Donate $2 Million in Bitcoin to Donald Trump to End Biden's ‘War on Crypto'

Gemini crypto exchange co-founders Tyler and Cameron Winklevoss are each sending $1 million worth of Bitcoin (BTC) donations to Republican Presidential candidate Donald Trump.

Winklevoss Brothers Send Twin $1,000,000 Bitcoin Donations to Donald Trump

Foundry Digital LLC has launched a new suite of products aimed at enhancing institutional bitcoin mining operations. Dubbed Foundry Hardware, this initiative introduces specialized equipment designed to improve mining system efficiencies and reliability.

Foundry Unveils New Hardware Suite Targeting Institutional Bitcoin Mining

Dogecoin

Cryptocurrency markets are trading lower, with liquidations spiking over $100 million on Friday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $64,050.37 -1.5% Ethereum (CRYPTO: ETH) $3,524.78 +0.15% Solana (CRYPTO: SOL) $3,524.78 -0.84% Dogecoin (CRYPTO: DOGE) $0.1244 +0.09% Shiba Inu (CRYPTO: SHIB) $0.0000179 -1.4% Notable Statistics: IntoTheBlock data notes a 4% increase in large transaction volume and daily active addresses.

Bitcoin, Ethereum, Dogecoin Go Down Yet Again: 'Crucial Area Of Support,' Top Analyst Warns

Solana

A widely followed crypto analyst says that Bitcoin (BTC) is currently sitting at a “do-or-die” level while updating his outlook on altcoins Solana (SOL) and dogwifhat (WIF).

Top Trader Says Bitcoin (BTC) at ‘Do-or-Die' Level, Updates Outlook on Solana (SOL) and dogwifhat (WIF)

Michael Dell, CEO of Dell Technologies (NYSE:DELL), indicated a possible interest in Bitcoin (CRYPTO: BTC) through a series of social media interactions with Bitcoin proponent Michael Saylor. What Happened: Michael Dell retweeted a Bitcoin-supportive message from Michael Saylor, the executive chairman of MicroStrategy (NASDAQ:MSTR).

Michael Dell Interested In Bitcoin, Says 'Scarcity Creates Value'

On June 20, Michael Dell, the Chief Executive Officer of Dell, the American technology company known for developing, selling, repairing, and supporting computers and related products and services, shared his thoughts on bitcoin via the social media platform X. This interaction began with a response from Michael Saylor, the founder of Microstrategy.

Digital Scarcity — Billionaire Michael Dell and Michael Saylor Exchange Dialogue on Bitcoin

Freshly printed U.S. dollars will be needed, so “buy the fucking dip,” he urges.

Bitcoin Will Soar Thanks to Failing Japanese Banks, Says Arthur Hayes

Bitcoin's (CRYPTO: BTC) downwards momentum prompted traders to debate what is next for the apex crypto. What Happened: Trader DonAlt outlined his concerns about Bitcoin's future emphasizing that it is at a crucial weekly level.

What's Next For Bitcoin? 'Significant Bounce' Or 'Nasty Impulse Down,' Traders Say

A widely followed crypto analyst is warning that Bitcoin (BTC) could plunge to much lower levels as it drops to the $63,000 range. Crypto trader Justin Bennett tells his 110,800 followers on the social media platform X that Bitcoin could decline more than 18% from its current value.

Crypto Analyst Issues Bitcoin Alert, Says BTC Plunging Lower ‘Seems More Likely' Now – Here Are His Targets

Bitcoin (CRYPTO: BTC) experienced a price correction on Friday, dipping below $64,000 and prompting over $27 million in long position liquidations within the past 24 hours. This follows a broader trend of liquidations across the cryptocurrency market, with a total of $132 million liquidated in the same period.

Bitcoin Dips Below $64K, Triggers Over $100M In Liquidations: 'Consolidation Phase Ongoing,' Says Trader

Germany is selling a sizable amount of Bitcoin (BTC) that it confiscated as part of an investigation into an illegal movie streaming site. Blockchain analytics firm Arkham says that over the past two days, the German government moved over $195 million worth of Bitcoin to six crypto exchanges, including Coinbase, Kraken and Bitstamp.

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