Bitcoin News

Bitcoin (BTC) was created by the pseudonymous Satoshi Nakamoto in 2008 as the world's first successful cryptocurrency, solving the double-spending problem that had plagued previous digital cash experiments. Operating on a decentralized proof-of-work blockchain, Bitcoin enables peer-to-peer transactions without intermediaries, with its monetary policy enforced through cryptographic consensus rather than central authority.

The Bitcoin network is maintained by miners who secure transactions and earn newly minted bitcoin, while a global ecosystem of traders, institutional investors, developers, and businesses continues expanding its adoption. From El Salvador's legal tender status to corporate treasury adoption by companies like MicroStrategy and Tesla, Bitcoin has evolved from a cryptographic experiment into a recognized store of value and inflation hedge.

At CoinDesk, we deliver breaking Bitcoin news and in-depth analysis covering everything from price movements and institutional adoption to technological developments and regulatory shifts. Our team tracks Bitcoin ETF launches, mining industry changes, Lightning Network growth, and the ongoing debates shaping cryptocurrency's future.

DISCLOSURE: This text was written with the assistance of AI, then reviewed by a person.

Markets

First Mover Americas: BTC Hit All-Time High as Trump Closed In on Victory

The latest price moves in crypto markets in context for Nov. 6, 2024.

By Jamie Crawley, Omkar GodboleNov 6, 2024

Markets

Bitcoin, Solana Hit New Cycle Highs Against Ether as Trump Edges Closer to U.S. Presidency

Bitcoin dominance approached 61% with Solana dominance also primed to touch record high.

By James Van Straten, Shaurya MalwaNov 6, 2024

Markets

Bitcoin Rises Nearly 10% Against Mexican Peso as 'Trump Trade' Soars; Gold Stays Flat

Trump has vowed to impose sweeping tariffs on Mexico and other trading partners.

By Omkar GodboleNov 6, 2024

Donald Trump's remarks at BTC 2024 have inspired Forida's chief financial official to put pension money into bitcoin. (Danny Nelson/CoinDesk)

Markets

Bitcoin Hits New Record Above $75K as Trump Dominates Early Voting

Part of BTC’s spike could be attributed to a $94 million liquidation of bearish or hedged bets against the asset, Coinglass data shows, as Trump leads in early voting.

By Shaurya MalwaNov 6, 2024

Bernstein forecasts new crypto cycle ( Hans Eiskonen/Unsplash)

Markets

Bitcoin's 'Coinbase Premium' Jumps to Two-Month High as Prices Top $74K Amid Trump's Early Lead

Associated Press has Trump leading the electoral map 101 to 71.

By Omkar GodboleNov 6, 2024

Markets

Bitcoin Gives Up Gains as U.S. Election Anxiety Unleashes Crypto Volatility

The worst case scenario for risk assets including cryptocurrencies would be a delayed or contested election where the result is unknown for weeks, one observer noted.

By Krisztian SandorNov 5, 2024

Finance

Will U.S. Election Change Crypto? Maybe, but TradFi Giants Likely to Plow Ahead Regardless

Just this week, in the run-up to Election Day, some big finance projects were announced — suggesting no worries about the road ahead.

By Aoyon AshrafNov 5, 2024

The U.S. election may have some short term impact on the crypto industry but TradFi giants are likely to plow ahead regardless of the results. (Douglas Rissing/Getty Image)

Markets

Bitcoin Price Crushing Altcoins Heading Into U.S. Election. Is There an Alt Rally Coming After?

Altcoins have lagged throughout the year amid regulatory uncertainty, and hence, K33 Research analysts said they are "more sensitive" to the election results.

By Krisztian Sandor, Helene BraunNov 5, 2024

BTC, SOL, ETH and CD20 price performance over the past week (CoinDesk Indices)

Markets

Bitcoin Breaks Above $70K as Crypto and U.S. Stocks Move Higher Early on Election Day

Semler Scientific's 26% gain following quarterly results was leading the advance for crypto-linked stocks.

By Stephen AlpherNov 5, 2024

LAS VEGAS, NEVADA - SEPTEMBER 13: Republican presidential nominee, former U.S. President Donald Trump, watches a video of Vice President Kamala Harris during a campaign rally at The Expo at World Market Center Las Vegas on September 13, 2024 in Las Vegas, Nevada. With 53 days before election day, Former President Trump continues to campaign. (Photo by Justin Sullivan/Getty Images)

Markets

MicroStrategy's Ambitious $42B Bitcoin Acquisition Plan Is Not Without Risks, CoinShares Says

The company requires financing conditions to remain agreeable, and there needs to be continued investor demand for the firm's convertible debt, the report said.

By Will CannyNov 5, 2024