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 Blasts Past $76K for First Time as Violent Crypto Rally Liquidates Nearly $400M Shorts

Crypto exchange Coinbase's shares closed the day 31% higher, leading gains among digital asset-related stocks.

By Krisztian SandorNov 6, 2024

Bitcoin (BTC) price on Nov. 6 (CoinDesk)

Markets

How This Crypto Hedge Fund Nailed the Trump Trade

Quinn Thompson, the founder of crypto hedge fund Lekker Capital, shared with CoinDesk why he was so confident Donald Trump would win the U.S. presidential election despite the polls.

By Tom CarrerasNov 6, 2024

PRESCOTT VALLEY, ARIZONA - OCTOBER 13: U.S. Republican presidential nominee, former President Donald Trump dances during a campaign rally at Findlay Toyota Center on October 13, 2024 in Prescott Valley, Arizona. With leaders of the Border Patrol union in attendance, Trump pledged to hire 10,000 additional border patrol agents if reelected, intensifying his attacks on Democratic opponent Kamala Harris on the issue. (Photo by Rebecca Noble/Getty Images)

Tech

Protocol Village: MultiversX Reports That Tech Enthusiast Set Up Testnet Node on Smartphone

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 31-Nov. 6.

By Bradley KeounNov 6, 2024

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

Markets

Trump Wins, Bitcoin Unlikely to See Big 'Sell-The-Fact' Price Drop: Omkar Godbole

While sell-the-fact price slide looks unlikely, traders still need to watch out for the other side of the Trump trade – hardening bond yields and rising dollar index, says CoinDesk analyst Omkar Godbole.

By Omkar GodboleNov 6, 2024

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