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, Ether Headed Toward Losing Months in Usually Upbeat July

BTC could suffer its second monthly downturn of 2023, while ether seems headed for its first losing month.

By Glenn Williams Jr.Jul 21, 2023

Podcasts

Crypto Update | It's Friday So We’ll Just Roll With the Punches

By George KaloudisJul 21, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

First Mover Americas: ProShares Dismisses Concerns Over Cost of Tracking Futures

The latest price moves in crypto markets in context for July 21, 2023.

By Sheldon Reback, Omkar GodboleJul 21, 2023

New York Stock Exchange with banner flagging ProShares Bitcoin Strategy ETF on the day it started trading.

Markets

ProShares Says Bitcoin ETF Has Matched BTC Price Closely, 'Roll Cost' Concerns Are Unwarranted

Interest on the ETF's cash balances helps offset the cost of rolling from one set of futures to the next, ensuring a low performance discrepancy, the firm said.

By Omkar GodboleJul 21, 2023

Markets

First Mover Asia: Bitcoin Fear and Greed Index Sinks Into Neutral Territory, a Sign of Investor Uncertainty

The decline reflects an asset that has been stuck in a tight trading range. PLUS: Bitcoin plods below $30K amid another sluggish day for cryptos in which LINK was a rare bright spot.

By James Rubin, Glenn Williams Jr.Jul 21, 2023

Bitcoin weekly chart. (CoinDesk Indices)

Markets

Chainlink’s LINK Pops 15%, XRP Loses Steam as Bitcoin Revisits $29.6K Range Lows

Tech stocks such as Tesla and Netflix, which crypto prices tend to correlate with, sold off during the day as investors shied away from risk assets.

By Krisztian SandorJul 20, 2023

Markets

Initial Jobless Claims Suggest Continued Fed Tightening, but Investors Appear Unfazed

Bitcoin investors have been unmoved by recent macroeconomic data. Muted reactions suggest that they’ve already priced in much of what has occurred

By Glenn Williams Jr.Jul 20, 2023

Videos

Federal Reserve Launches Instant Payments Service; Tesla's Bitcoin Holdings

“CoinDesk Daily” host Jennifer Sanasie dives into today’s biggest headlines in crypto, including the Federal Reserve officially opening its new instant payments service, FedNow. Tesla (TSLA) did not buy or sell any bitcoin for the fourth straight quarter in Q2 2023. And, some users of FTX are being targeted by a potential phishing attack after being sent a "reset password" request from the exchange's official customer support email.

Jul 20, 2023