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.

Videos

Bitcoin Starts Week in the Red Ahead of Pivotal Time for Central Banks

The Federal Reserve, Bank of Japan and European Central Bank are all slated to announce interest rate decisions this week. Defiance ETFs CEO Sylvia Jablonski discusses the potential macro factors moving the price of bitcoin (BTC) as the largest cryptocurrency by market cap slips below $30,000. Plus, how AI could transform the future of crypto.

Jul 24, 2023

Markets

Bitcoin Drops to $29K Amid Binance Story, China Woes; XRP, SOL Lead Altcoin Slump

Regulatory uncertainty surrounding Binance, the largest crypto exchange, tends to weigh on crypto prices.

By Omkar Godbole, Shaurya Malwa, Krisztian SandorJul 24, 2023

Markets

First Mover Americas: Bitcoin Starts Week in the Red

The latest price moves in crypto markets in context for July 24, 2023.

By Jamie Crawley, Omkar GodboleJul 24, 2023

Markets

Bitcoin Long-Term Holders Control 75% of Circulating Supply: Glassnode

The balance kept in addresses that hold coins for at least 155 days has increased by $1.87 billion this month.

By Omkar GodboleJul 24, 2023

Bitcoin long-term holder supply (Glassnode)

Markets

Bitcoin Traders Cautious Despite Spot ETF Optimism, Leverage Indicators Suggest

The spot market is in the driver's seat as perpetual futures open interest to market cap ratio remains low, one observer said.

By Omkar GodboleJul 24, 2023

The estimated leverage ratio remains rangebound. (CryptoQuant)

Markets

First Mover Asia: Bybit CEO Ben Zhou: Regulators See Crypto as an ‘Opportunity,’ Not a Crisis

The CEO of the Dubai-based exchange sees jurisdictions competing for crypto business in a post-FTX world. PLUS: Bitcoin holds near $30,000 amid investor cautiousness.

By Sam ReynoldsJul 24, 2023