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

Near Record High Funding Rate Suggests Bitcoin Pullback Not Over

The recent dip in price doesn't appear to have dented optimism from traders betting on a continued bull run.

By Stephen AlpherApr 4, 2024

Funding rate suggests bitcoin correction not over (CryptoQuant)

Tech

Protocol Village: Cosmos-Based Picasso Network Claims to Enable First IBC-Ethereum Connection

The latest in blockchain tech upgrades, funding announcements and deals. For the period of March 28-April 3.

By Bradley KeounApr 4, 2024

Scene from Protocol Village at Consensus 2023 in Austin, Texas.

Markets

First Mover Americas: Galaxy Digital to Raise $100M for New Fund

The latest price moves in crypto markets in context for April 4, 2024.

By Lyllah Ledesma, Omkar GodboleApr 4, 2024

Mike Novogratz, founder and CEO of Galaxy Digital

Markets

Bitcoin Cash Spikes 10% After Halving, Bitcoin Hovers Above $66K

Analysts said BTC traders are probably waiting for macroeconomic signals before making a move, referring to the current market lull.

By Shaurya MalwaApr 4, 2024

Markets

Hedge Funds Hold Record Bearish Bitcoin Bets, Data Show

Most funds may have taken short positions as a part of a "carry trade," one observer said.

By Omkar GodboleApr 4, 2024

Markets

Choppy Bitcoin Price Action Continues Ahead of Friday's Jobs Report

Flows into the new spot ETFs have been subdued for a couple of weeks, possibly prompting a renewed interest in macro drivers for price direction.

By Stephen AlpherApr 3, 2024

Crypto markets were choppy ahead of the Ethereum Merge. (Creative Commons, modified by CoinDesk)

Opinion

Must Bitcoin ‘Drop Ideals’ of Decentralization to Achieve Mass Adoption?

Key management is crucial to crypto maintaining decentralization. But, as hacks and exploits have grown in number, the dream of self-custody has become more difficult to maintain.

By Daniel KuhnApr 3, 2024