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.

Ethereum

About $356 million in ETH positions were liquidated over 24 hours, more than bitcoin despite ether's market value being less than a fifth as large.

Ether bets were wiped out at six times bitcoin's rate in crypto's $1 billion flush

Bitcoin rebounded to $82,000 as Trump ruled out an Iran strike before the midterms, while crypto security experts pushed back on “bunker mode” fears.

Bitcoin rebounds to $82,000 as Trump rules out Iran strikes, oil drops

A crypto-only dark web marketplace has brought its co-founder decades in federal prison and an agreement to surrender digital assets and real estate. The case involved drug trafficking, concealed payments, and vendor ratings for hiding shipments.

Dark Web Market Founder Gets 40 Years, Agrees to Forfeit 1,230 Bitcoin

Nearly 18 years after Satoshi Nakamoto left an unfinished poker interface buried inside Bitcoin's original software, researcher Robin Linus has developed a cryptographic protocol that makes the game possible. His Bitcoin Poker design allows two people to play Texas Hold'em without a dealer, privately generate cards, and enforce payouts through Bitcoin's existing rules.

Satoshi's Abandoned Poker Experiment Returns With a Bitcoin Twist

The crypto market has suffered a sharp risk-off reversal, plunging sharply as a combination of hawkish macroeconomic data, technical liquidations, and heavy spot ETF outflows wiped out over $1 billion in derivatives positions across a brutal 24-hour window.

Macro Shock and ETF Outflows Trigger Massive $1 Billion Liquidations as Bitcoin Dips Near $81,000

Dogecoin

Bitcoin as low as $80,000 Thursday as renewed tensions involving Iran and growing concerns over AI-driven threats to crypto security weighed on cryptocurrencies. Cryptocurrency Ticker Price Bitcoin (CRYPTO: BTC) $80,448.98 Ethereum (CRYPTO: ETH) $2,478 Solana (CRYPTO: SOL) $110.66 XRP (CRYPTO: XRP) $1.38 Dogecoin (CRYPTO: DOGE) $0.08322 Shiba Inu (CRYPTO: SHIB) $0.055333 Notable Statistics: Coinglass data shows 164,899 traders were liquidated in the past 24 hours for $1.02 billion.

Bitcoin Slides to $80,000 as Ethereum, XRP, Dogecoin Trigger $1B Liquidation Cascade

Prominent analyst Benjamin Cowen warns Bitcoin's (CRYPTO: BTC) breakout above its prior trading range could be a fakeout, one that sets up the same Q4 weakness he's called for all year. Why Cowen Still Expects a Fourth-Quarter Low Cowen said on his YouTube channel that Bitcoin has historically bottomed three times a year in midterm years: once in February, once in summer, and once in the fourth quarter, a pattern he pointed to in both 2018 and 2022.

Bitcoin's Rally Above $80,000 Could ‘Wreck a Lot of People,' Analyst Warns

The research firm sees tokenized stocks, bonds and loans creating new markets for trading and lending, with fee-generating platforms and companies poised to benefit.

Wall Street's tokenization boom could have bigger winners than bitcoin and ether, Citrini says

Bitcoin software company Breez said demand for its developer tools has surged since AI coding agents went mainstream, with partnership inquiries rising roughly 14-fold as developers, and increasingly the agents they deploy, look to add bitcoin payments to their apps.

AI Coding Agents Drive Surge in Bitcoin Integration Requests: Breez

The Swiss crypto exchange has onboarded the Lightning Network to help people withdraw and deposit bitcoin with ease.

WhiteBIT Integrates Lightning Network for Fast and Cheap Bitcoin Transactions

A batch of 100.02 BTC mined in July 2010 moved Wednesday after 16 years. It's worth about $8.3 million, but nothing in the transaction shows who owns it.

Satoshi-Era Bitcoin Worth $8.3 Million Moves After 16 Years

The U.S. government's cryptocurrency shuffle isn't over. Following two days of bitcoin transfers totaling $770 million, federal wallets moved another 12,267.02 BTC worth approximately $1.01 billion on Thursday. The latest activity also included $94.

US Government Shifts $1 Billion in Bitcoin, $94 Million in Tether

Investors yanked $484.9 million out of spot Bitcoin ETFs in a single day. Oil is near $100, bond yields are at their highest since 2002, and the Fed isn't done hiking.

Bitcoin ETFs Suffer Worst Loss Since June as Uptober Turns Red

Bitcoin broke below $81,000 to an intraday low near $80,500, wiping out billions from its market cap. Over $1.1 billion in total crypto positions were liquidated, led by ether with $333 million.

Bitcoin Price Drops Below $81K as Crypto Liquidations Top $1.1 Billion

TD Cowen kept its $260 price target on Strategy (MSTR) as dilution limits the benefit of higher bitcoin forecasts.

Strategy shareholders face dilution drag despite brighter bitcoin forecasts, TD Cowen says

The price of bitcoin has continued to drop this week, spurred by fears that the Federal Reserve is increasingly tempted to raise interest rates.

Bitcoin Falls Below $81,000 as Oil Spikes, Fed Talks Tough

Bitcoin (CRYPTO: BTC) fell below $81,000 Thursday, with $489 million liquidated across crypto markets in a single hour, as three separate catalysts hit at once. Catalyst One: The Government Moved $1 Billion in Bitcoin Arkham data showed Thursday that wallets linked to the US government moved 12,267 BTC, worth about $1.01 billion, from a Bitfinex hack seizure wallet to new, unlabeled addresses according to Coindesk.

Bitcoin at $81,000, XRP, Dogecoin Plunge 7%: What Is Going On?

A disgruntled former core infrastructure engineer at a New Jersey industrial company hacked the firm's network in November 2023 by scheduling damaging tasks before demanding 20 Bitcoin worth about $750,000 to halt the sabotage. He pleaded guilty and was sentenced to 32 months in prison. The post Former Engineer Gets 32 Months Prison for Hacking Employer and Demanding Bitcoin (BTC) Ransom appeared first on The Daily Hodl.

Former Engineer Gets 32 Months Prison for Hacking Employer and Demanding Bitcoin (BTC) Ransom

Partnership will bring vBTC to EDX Markets for institutional spot trading, while EDX joins the VerifiedX network as a validator, expanding institutional access to tokenized, programmable Bitcoin infrastructure.

EDX Markets and VerifiedX Partner to Bring Verified Bitcoin (vBTC) to Institutional Markets

A government wallet holding Bitcoin seized from the Bitfinex hacker sent 12,267 BTC to a new, unlabeled address, according to Arkham data.

US Government Moves $1 Billion in Bitcoin Seized From Bitfinex Hacker

Day traders are selling, leveraged longs are getting flushed and ETF money is heading for the door. The daily chart still holds the line, but its cushion is shrinking.

From Uptober to Spooky Szn? Bitcoin Cuts September Gains in Half

On Oct. 7, Galaxy Research disclosed that it had identified a batch of 100 bitcoin mined in July 2010 that had finally stirred after lying dormant for 16 years, 2 months, and 24 days.

From Zero to $8 Million: Satoshi-Era Bitcoin Awakens After 16 Years

Arkham data shows the 12,267 BTC went to unlabeled wallets rather than an exchange, a day after $383 million hit Coinbase Prime.

U.S. government moves $1 billion in bitcoin from Bitfinex hack wallet, no sale indicated

According to the country's Bitcoin Office, the one-bitcoin-a-day accumulation strategy has continued, even after the IMF stressed that the country had not met the criteria for public-sector crypto holdings under a $1.4 billion ongoing credit facility.

El Salvador Defies IMF Waiver Terms to Stack More Bitcoin Daily

Bitcoin traded near $82,000 on Thursday, with analysts at QCP expecting a fourth-quarter range of $80,000 to $90,000.

News for Bitcoin Crypto (BTC)