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 Tops $47K, Ether and Grayscale's GBTC Jump After SEC Approves Spot Bitcoin ETFs

Now, attention turns to how much demand these investment vehicles will attract.

By Krisztian SandorJan 10, 2024

Tech

Protocol Village: EOS Network Ventures Invests $2.4M in NoahArk Tech Group

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Jan. 4-10.

By Bradley KeounJan 10, 2024

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

Podcasts

Crypto Update | Bitcoin Fundamentals Built This Rally, Even Before ETF Excitement, Says Simeon Hyman of ProShares

By Jennifer SanasieJan 10, 2024

Key Bitcoin Support Levels to Watch as Volatility Rises

Tech

Bitcoin ETF Chaos Memorialized on Blockchain, With Nod to 'Chancellor on the Brink' Reference

Jokester pays $2.97 to record the one-liner "SEC Chairman on the brink of second ETF approval" on the blockchain.

By Bradley KeounJan 10, 2024

Screen grab from Bitcoin transaction showing the line embedded using the OP_RETURN function, "SEC Chairman on the brink of second ETF approval." (Mempool.space)

Markets

First Mover Americas: Ether, Lido DAO, Arbitrum Gain on Possibility of ETH ETF

The latest price moves in crypto markets in context for Jan. 10, 2024.

By Lyllah LedesmaJan 10, 2024

Markets

BTC Supply in Profit Nears 90% as Price Rallies on Expected Bitcoin ETF Approval

Just under half of the bitcoin supply was in profit at the start of last year.

By Sam ReynoldsJan 10, 2024

Markets

Bitcoin Traders Seek Protection From Price Declines as ETF Deadline Looms: Deribit

Puts are overbought and calls [are] being sold, Deribit's CCO Luuk Strijers told CoinDesk, noting the decline in the bitcoin implied volatility index.

By Omkar GodboleJan 10, 2024

Innovation takes priority over investor protection in the anything-goes market of decentralized finance, or DeFi.

Markets

Fake Bitcoin ETF Approval Tweet Causes $90M in Liquidations

Those tweets caused bitcoin prices to immediately spike to $47,680 from the $46,800 level. It then fell as low as $45,400 as the tweets were found to be fake.

By Shaurya MalwaJan 10, 2024

SEC headquarters (Nikhilesh De/CoinDesk)

Markets

Bitcoin Jumps, Then Dumps to $45K as Fake News About Spot Bitcoin Approval Liquidates $50M

The immediate price reaction showed that bitcoin's price might be capped if a real approval arrives, one analyst noted.

By Krisztian SandorJan 9, 2024

Markets

Spot Bitcoin ETF Approval Will Trigger 'Selling Pressure' on CME Futures Market: K33

Bitcoin futures' open interest on the Chicago Mercantile Exchange surged to an all-time high Tuesday as institutions piled into the asset, speculating on a spot bitcoin ETF approval.

By Krisztian SandorJan 9, 2024