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.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

The Daily: ‘Bears in control' as bitcoin drops toward $65K, Binance denies issuing cease-and-desist letter over insolvency claims, and more

Once a cash-burning enterprise software firm, Strategy Inc. (NASDAQ:MSTR) – previously known as MicroStrategy Inc. – became the most extreme expression of the Bitcoin age. Under the vision of Michael Saylor, the company reinvented itself as a publicly listed Bitcoin accumulation vehicle — part software, part crypto treasury, part financial engineering experiment.

The Software-Crypto Trade Is Crumbling – Could Strategy Be Forced To Sell Bitcoin?

Bitcoin Magazine The v2 Transport: Bitcoin P2P Traffic Goes Dark From The Core Issue: Learn about the v2 transport protocol upgrade from 2024 that aims to keep your nodes internet traffic private from snooping. The v2 Transport: Bitcoin P2P Traffic Goes Dark Pieter Wuille.

The v2 Transport: Bitcoin P2P Traffic Goes Dark

That target is “unrealistic” this year, but possible “over the long term” once negative sentiment reverses, according to the analysts.

JPMorgan says bitcoin could reach $266,000 ‘long term' as it looks more attractive than gold

Bitcoin (CRYPTO: BTC) has breaken below the critical 1,000-day exponential moving average for the first time since 2023, as $1.5 billion in net outflows over three days mark one of the most severe selling periods in recent history. The Historic EMA Break The 1,000-day EMA has historically acted as major long-term support during bull markets.

Bitcoin Crashes To $65,000—And Breaks A Historical Trendline In The Process

Bitcoin has already tumbled far from its October high, but history suggests the rout could deepen before momentum shifts, according to Stifel.

Bitcoin Crash Could Deepen to $38K, Say Analysts—Here's Why

Turbulence in the cryptocurrency market is dragging down shares of companies that hold bitcoin and other digital assets on their balance sheets, sparking concerns over potential broader strains in the sector.

Bitcoin slump shakes companies that jumped on crypto-hoarding bandwagon

Ethereum

Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH) and XRP (CRYPTO: XRP) are reeling from double-digit percentage crashes, with crypto sentiment deep in extreme fear. Short-Term Relief Rally On The Table?

Bitcoin, Ethereum, XRP Sentiment Turns Extremely Bearish In Crypto Market Crash

Bitcoin Magazine Senator Lummis to Work With Treasury on Bitcoin Tax Guidance, Hints At Potential Exemption In hearings today, Senator Lummis signaled willingness to work with Treasury on clearer Bitcoin tax guidance, including a potential de minimis exemption. Senator Lummis to Work With Treasury on Bitcoin Tax Guidance, Hints At Potential Exemption Micah Zimmerman.

Senator Lummis to Work With Treasury on Bitcoin Tax Guidance, Hints At Potential Exemption

Bitcoin Magazine Summer of Bitcoin 2026 Opens Applications for University Students Worldwide Summer of Bitcoin has opened applications for its 2026 cohort. Summer of Bitcoin 2026 Opens Applications for University Students Worldwide Micah Zimmerman.

Summer of Bitcoin 2026 Opens Applications for University Students Worldwide

Ahead of the fourth-quarter earnings report tonight, shares are down another 13% as bitcoin falls back to $68,000.

Strategy has $6.5 billion loss on BTC, but continues trading at premium to value of its assets

Bitcoin Magazine Bitcoin Falls Over $59,000 in Largest Drawdown Ever, Down Nearly 47% From All-Time High Bitcoin's price crashed sharply on Thursday, sliding through critical support and dipping near $66,000 in volatile trading. Bitcoin Falls Over $59,000 in Largest Drawdown Ever, Down Nearly 47% From All-Time High Micah Zimmerman.

Bitcoin Falls Over $59,000 in Largest Drawdown Ever, Down Nearly 47% From All-Time High

U.S. equities extended their selloff Thursday, Feb. 5, 2026, as technology shares led broad declines across major benchmarks amid renewed risk-off sentiment. Nasdaq Leads Market Declines as Risk-off Sentiment Returns U.S. stock markets opened sharply lower, continuing a multi-session pullback that has weighed heavily on growth-oriented sectors.

Tech Rout Drags US Equities Lower as BTC Breaks Below $67K

Bitcoin's price is in free fall as a cascade of liquidations hammer leveraged traders. BTC has dropped from $74,300 to a low of $66,800 in the last 24 hours, triggering a whopping $1.42 billion in liquidations, according to CoinGlass. Traders going long are suffering the most, recording $1.24 billion in liquidations.

$1,420,000,000 in Bitcoin and Crypto Liquidated As BTC Plummets To $66,800

Michael Burry 's latest two-word post — “$BTC Patterns” — came with a simple annotated chart and ignited a debate: was he flashing a warning, or quietly handing Bitcoin (CRYPTO: BTC) bulls a roadmap? The famed bubble-watcher has been bearish before, but the chart highlights near-identical boom-bust-base sequences in Bitcoin's history, the kind that sometimes end with a sustained rebound.

Is Michael Burry Accidentally Bullish On Bitcoin?

Underlying business activity improved in Q4, with adjusted revenue and profitability reaching record levels despite a volatile crypto market.

Bullish reports Q4 loss as bitcoin options trading grows, shares whipsaw after earnings

XRP fell more than 16% in the past 24 hours to around $1.29, making it the worst performer among major tokens as bitcoin dropped 7% on Thursday.

XRP plunges 16% in worst drop among bitcoin, ether and major tokens

The bitcoin price has broken below its 365-day moving average for the first time since March 2022, CryptoQuant said.

CryptoQuant says bitcoin could fall to $60,000 as downturn worsens beyond 2022 bear market

Bitcoin has fallen more than 9% on the day, cratering to a price not seen since before President Trump's 2024 election win.

Bitcoin Crashes Below $67K, Erasing All Gains Since Trump's Election Win

Bitfinex margin longs surge to a two-year high as bitcoin falls below $69k.

Bitcoin's rising leveraged position points to continued dip buying, but may not yet signal price bottom

The price of bitcoin has slipped beneath the $70,000 threshold and, over the past 30 days, has given up 26% against the U.S. dollar. This retreat has sent both crypto cheerleaders and critics racing to social media, each eager to offer their own take on what's driving bitcoin's latest pullback.

Bitcoin's $70,000 Line Breaks—and the Crypto Debate Erupts

"This drawdown feels horrible not because of the magnitude, but because it's unfair," said longtime bitcoin maxi Samson Mow.

Here is what industry veterans are saying as bitcoin tumbles below $70,000

Crypto liquidations crossed $1 billion over the past 24 hours, wiping out about $980 million million in bullish leveraged bets

Bitcoin falls under $69,000, with retail traders betting on ever lower prices

Bitcoin Magazine Virginia Advances Bill in Committee to Establish State Bitcoin Fund Virginia lawmakers pushed forward a proposal that would allow state funds to be invested in bitcoin. Virginia Advances Bill in Committee to Establish State Bitcoin Fund Micah Zimmerman.

Virginia Advances Bill in Committee to Establish State Bitcoin Fund

Despite a sharp pullback in crypto prices, Bitcoin (CRYPTO: BTC) ETF investors have largely held their positions, signaling stronger conviction than many expected. ‘ETF Buyers Are Just HODLing' In a post on X on Wednesday, Bloomberg ETF analyst Eric Balchunas noted that even after Bitcoin's roughly 40% drawdown, about 94% of assets in spot Bitcoin ETFs remain invested.

News for Bitcoin Crypto (BTC)