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

Exploding Gold Sales at Pawnshops Offers Lesson for Bitcoin Bulls

As always, rising prices bring forth boosted supply.

By Stephen AlpherApr 16, 2024

All but one of the recently launched spot bitcoin exchange-traded funds (ETF) charge a lower fee than the largest gold ETF, making them a cheaper investment into a gold-like asset. (Unsplash)

Markets

First Mover Americas: BTC Below $62.5K While Altcoins Wipe Gains

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

By Lyllah Ledesma, Omkar GodboleApr 16, 2024

Markets

Bitcoin Could Surge to $120K on 'Doomsday Rally,' Trader Says

Geopolitical factors could see investors allocate funds to alternative assets such as bitcoin, some analysts say.

By Shaurya MalwaApr 16, 2024

Bitcoin could hit a new record high in two months. (Kurt Cotoaga/Unsplash)

Finance

Bitcoin ETFs Are Driving a Spot Multiplier Effect, Canaccord Says

Many investors find the underlying cryptocurrency more attractive than ETFs given the ability to hedge and to generate yield on HODLs, the report said.

By Will CannyApr 16, 2024

Computer, money. (TheDigitalWay/Pixabay)

Markets

Analyst Who Called Bitcoin's Pre-Halving Rally to $70K Turns Bearish

Markus Thielen, founder of 10x Research, has de-risked his portfolio in the wake of rising Treasury yields.

By Omkar GodboleApr 16, 2024

A bear waving. (Hans-Jurgen Mager/Unsplash)

Markets

Bitcoin Dips Below $62.5K as CoinDesk's BTC Trend Indicator Turns Neutral

CoinDesk Indices' Bitcoin Trend Indicator has been indicating a strong uptrend since last fall.

By Sam ReynoldsApr 16, 2024

Finance

There Are Many Bitcoin Critics Left in Finance, Despite BlackRock's Newfound Love

At a recent gathering of investors in Miami, skepticism remained high even after finance titan BlackRock's shift toward touting the original cryptocurrency.

By Helene BraunApr 15, 2024

Investment pros gathered here in Miami, and many trashed bitcoin. (Helene Braun/CoinDesk)

Opinion

Hong Kong Boards the ETF Express

The jurisdiction is the latest to approve exchange-traded funds for bitcoin, giving a boost to BTC.

By Daniel KuhnApr 15, 2024

Hong Kong harbor skyline view into Kowloon

Markets

Ether, Altcoins Remain Under Pressure Following Volatile Weekend

Bitcoin has also given up some of its early Monday bounce, returning down to the $64,000 level.

By Lyllah LedesmaApr 15, 2024

Opinion

Bitcoin First, Not Only: Fostering Widespread Adoption Through Education

By presenting bitcoin as the first step in a journey of financial literacy, we can create a more welcoming and inclusive environment for newcomers, Montclair State University adjunct professor Burak Tamac writes.

By Burak TamacApr 15, 2024