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: Bitcoin Pulls Back Before Probable Fed Rate Cut

The latest price moves in crypto markets in context for Sept. 16, 2024.

By Jamie Crawley, Omkar GodboleSep 16, 2024

Markets

Bitcoin Slips to $58K as Fed Faces Split Rate Cut Expectations

"Rarely has the market gone into the Fed meeting with maximum uncertainty (halfway between 25bps and 50bps)," Marc Chandler, chief market strategist at Bannockburn Global Forex

By Omkar GodboleSep 16, 2024

The Federal Reserve building in Washington, D.C. (Jesse Hamilton/CoinDesk)

Markets

Fed Rate-Cut Anticipation Weighs on Crypto Markets as Week Kicks Off

PLUS: Sony’s Soneium blockchain is growing, with Circle announcing that USDC will be listed on the chain.

By Shaurya Malwa, Sam ReynoldsSep 16, 2024

Fed Chair Jay Powell is set to speak after the central bank held policy steady (Helene Braun/CoinDesk)

Markets

Bitcoin Eyes $60K and Likely Has More Room to Rally, Analyst Says

The key variable for risk assets is the U.S. economy as concerns of a recession linger, crypto investment firm Ryze Labs said.

By Krisztian SandorSep 13, 2024

Markets

Bitcoin Left Out as Stocks, Bonds and Gold Party on Global Monetary Easing

The crypto might need more than some modest rate cuts to embark on a new bull run.

By Stephen Alpher, Krisztian SandorSep 13, 2024

Bitcoin excluded from rate cutting party (Unsplash/Getty images)

Markets

Odds of 50 Basis Point Fed Rate Cut Next Week Jump to 45%

A decent jobs report last week and speedier than expected inflation data this week had most assuming the U.S central bank would initially proceed cautiously as it begins a monetary easing cycle.

By Stephen AlpherSep 13, 2024

Rate cut size next week comes into question (Bruce Mars/Unsplash)

Markets

Michael Saylor's MicroStrategy Purchased 18.3K More Bitcoins for $1.1B

The firms holdings have risen to 244,8000 bitcoins worth about $14 billion at current prices.

By Shaurya MalwaSep 13, 2024

MicroStrategy executive chairman and co-founder Michael Saylor. (Danny Nelson/CoinDesk)

Markets

XRP, DOGE Lead Market Gains as Bitcoin Dips Under $58K

XRP started to rise on Thursday after investment fund Grayscale launched a professional fund that holds the token in the U.S., while DOGE gained on no apparent catalyst.

By Shaurya MalwaSep 13, 2024