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

Bitcoin Approaches All-Time Highs as Daily OTC Desk Inflows Drop to Year's Lows: CryptoQuant

Over-the-counter desks hold 416,000 bitcoin valued around $30 billion, a level that has remained stagnant for the past month.

By James Van StratenOct 30, 2024

Bitcoin flow to over-the-counter desks (CryptoQuant)

Markets

Bitcoin Profit-Taking Continues as BTC Price Nears High. Is Bhutan Next to Sell?

The Bhutan government recently deposited almost 1,000 BTC into a Binance deposit address. It holds $900 million of the asset.

By James Van Straten, Shaurya MalwaOct 30, 2024

Gangtey Goemba Monastery in Phobjikha Valley, Bhutan

Markets

Bitcoin Tops $73.5K, Climbing Just Shy of New Record High

The largest crypto has extended its year-to-date gain to nearly 75% and has more than doubled from year-ago levels.

By Krisztian SandorOct 29, 2024

Markets

Crypto Stocks MicroStrategy, Coinbase and Marathon Post Just Modest Gains as Bitcoin Eyes Record High

A notable outperformer was bitcoin miner Bitfarms, which nominated a new board member amid its proxy battle with Riot Platforms.

By Tom CarrerasOct 29, 2024

Markets

First Mover Americas: BTC Jumps Above $71K, DOGE Leads Market Surge

The latest price moves in crypto markets in context for Oct. 29, 2024.

By Jamie Crawley, Omkar GodboleOct 29, 2024

Markets

Here Are 3 Reasons Why Bitcoin Open Interest Set Record Highs as BTC Price Surge to $71K

U.S. listed spot ETF inflows continue to break records, as CME open interest spikes in the past 24 hours.

By James Van Straten, Shaurya MalwaOct 29, 2024

Markets

Bitcoin Surges Above $71K as Wild Crypto Market Pump Sees $175M in Shorts Liquidated

BTC added 5% in the past 24 hours, CoinGecko data shows, breaking out of a key $70,000 resistance with $48 billion in trading volumes, or nearly double the volumes from Monday.

By Shaurya MalwaOct 29, 2024

Markets

Bitcoin Tops $70K for First Time in More Than Four Months

The price still remains below its record high of $73,700 hit in early March of this year.

By Stephen AlpherOct 28, 2024

Markets

Dogecoin Jumps 10%, Outperforming on Trump Popularity as Bitcoin Nears $70K

Bitcoin's "bullish setup" into the U.S. election next week mirrors late 2020, which preceded a 120% rally in two months, Matthew Sigel of VanEck said.

By Krisztian SandorOct 28, 2024