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 to $44K on Coinbase, Could Run Toward $48K Resistance: LMAX Analyst

The sharp move higher from $42,000 Tuesday prompted $73 million in liquidations, mostly from leveraged positions betting on lower prices.

By Krisztian SandorDec 5, 2023

Bitcoin price is up almost 5% over the past 24 hours (CoinDesk)

Markets

Bitcoin ETFs Got BTC Surging, but Tumbling Interest Rates Have Helped, Too

The abrupt recent turn in expectations for Federal Reserve monetary policy has helped asset prices across the board.

By Stephen AlpherDec 5, 2023

Lower rates may be behind bitcoin's big move (© Eugene Mymrin)

Finance

BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF

BlackRock’s amended filing included clarifications on topics such as the Trust’s structure and potential regulatory impacts on it.

By Helene BraunDec 5, 2023

Videos

Bitcoin Ecosystem Developments in 2023 as BTC Hits Fresh 2023 High

The Bitcoin ecosystem is under a renewed spotlight as the price of the largest cryptocurrency hovers around $42,000 for the first time since April 2022. Trust Machines CEO Muneeb Ali, along with Swan CEO Cory Klippsten, reflect on the developments for the Bitcoin network this past year and where BTC's price could be headed next.

Dec 5, 2023

Podcasts

Crypto Update | Bitcoin Holds Steady in New Range Above $40K

By Noelle AchesonDec 5, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

First Mover Americas: BlackRock Received $100K Seed Funding for Its Spot BTC ETF

The latest price moves in crypto markets in context for Dec. 5, 2023.

By Lyllah Ledesma, Omkar GodboleDec 5, 2023

Markets

Coinbase's Rally Still Has Legs, Chart Analyst Says

Shares in the cryptocurrency exchange have rallied nearly 300% this year, and the latest chart pattern suggests further gains could still be in the offing.

By Omkar GodboleDec 5, 2023