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 Tumbles to $26.9K on Hawkish Remarks by Federal Reserve's Powell

The Wednesday pause in rate hikes had been overwhelmingly expected by market participants, but Fed members now see much higher interest rates for next year than previously projected.

By Stephen Alpher, Krisztian SandorSep 20, 2023

Fed Chair Jay Powell Signaled Easier Monetary Policy on Wednesday (Win McNamee/Getty Images)

Markets

A Bitcoin ETF Has Golden Parallels From History

Gold ETFs dramatically shook up markets. A spot bitcoin ETF could do the same.

By Todd GrothSep 20, 2023

Videos

Bitcoin Investor Sentiment Shifting Towards the Negative: Glassnode

Nearly all short-term bitcoin holders are now underwater on their position, with investor confidence leaning towards the negative, according to Glassnode data. CoinDesk's Jennifer Sanasie presents "The Chart of the Day."

Sep 20, 2023

Markets

First Mover Americas: Bitcoin Hovers Around $27K Ahead of Fed Decision

The latest price moves in crypto markets in context for Sept. 20, 2023.

By Lyllah LedesmaSep 20, 2023

Markets

Bitcoin Price May Boom in October, Could Hit $37K by Year-End: Matrixport

The world’s largest cryptocurrency generally outperforms in the fourth quarter, returning on average more than 35% over the past nine years, the report said.

By Will CannySep 20, 2023

Markets

Bitcoin Price Volatility Likely to Stay Depressed After Fed Rate Decision

The Fed will announce its rate decision on Wednesday at 14:00 ET. The way bitcoin options are priced suggests the cryptocurrency may not move more than 3% by Friday.

By Omkar GodboleSep 20, 2023

Fed Chair Jerome Powell speaks Wednesday at a virtual press conference. (Federal Reserve, modified by CoinDesk)

Markets

Bitcoin Hangs on Just Above $27K Ahead of Fed Rate Decision

The Fed on Wednesday is widely expected to hold rates steady, but investors will monitor new economic projections and Chairman Powell's press conference for clues about the direction of future policy.

By Stephen AlpherSep 19, 2023