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.

Podcasts

Cleanspark Acquires Griid, Northern Data IPO and ASIC Theft

By William FoxleyJul 5, 2024

Wealth Optimization Strategies For Bitcoiners

Markets

U.S. Added 206K Jobs in June as Unemployment Rate Rose to Highest Since November 2021

Bitcoin dipped a hair on the news but prices had already crashed over the past 48 hours as markets dealt with a crush of new supply.

By Krisztian SandorJul 5, 2024

The government's jobs report for January was released Friday (David McNew/Getty Images)

Markets

First Mover Americas: Bitcoin Slumps Below $54K as Mt. Gox Flags Repayments

The latest price moves in crypto markets in context for July 5, 2024.

By Jamie Crawley, Omkar GodboleJul 5, 2024

Markets

Bitcoin Traders Target $50K as Billions in BTC Selling Pressure Looms

“The German government still has over $2.3 billion worth of bitcoin, Mt. Gox has more than $8 billion, and the US government has over $12 billion,” one trader pointed out.

By Shaurya MalwaJul 5, 2024

Risks of a deeper pullback are growing for BTC (mana5280/Unsplash)

Markets

U.S. Crypto Stocks Sink in Pre-Market Trading as BTC Slumps

Bitcoin traded around $54,400 in Europe, a 24-hour drop of 5.8%, having earlier fallen to the lowest level since late February

By Jamie CrawleyJul 5, 2024

16:9 Market decline (Mediamodifier/Pixabay)

Finance

Mt. Gox Begins Repayments in Bitcoin and Bitcoin Cash

The defunct crypto exchange announced last month that it will begin repayments in July.

By Parikshit Mishra, Sam ReynoldsJul 5, 2024

Markets

As Bitcoin Bellyflops to $54K Only Five Mining Rigs Remain Profitable, Says F2Pool

Miners need to continually sell bitcoin rewards to keep operations afloat, and they are stressed during a market downturn.

By Shaurya MalwaJul 5, 2024

ASIC Miners (Sandali Handagama/CoinDesk)

Markets

Crypto Bulls Rack up $580M Liquidations as Bitcoin Drops 8%, Ether, Solana, Dogecoin Plunge

Traders previously warned of a bearish market reaction to Mt. Gox’s bitcoin repayments.

By Shaurya MalwaJul 5, 2024

Markets

Bitcoin Slumps Below $54K as Mt. Gox Moves $2.6B in BTC

BTC slides to lowest since late February, breaching key price support.

By Omkar GodboleJul 5, 2024

Mt. Gox's wallet activity. (Arkham Intelligence)

Markets

Bitcoin Nosedives Under $58K Amid Mt. Gox, German Government Wallet Movements

A wallet belonging to a German official entity moved its largest stash of BTC to exchanges earlier today, while Mt. Gox wallets showed activity for the first time in a month.

By Shaurya MalwaJul 4, 2024