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 April 2024 Forecast Raised to $56.6K: Berenberg

The bank lifted its MicroStrategy price target to $510, representing 24% potential upside, the report said.

By Will CannyJul 12, 2023

Finance

MicroStrategy Only Needs to Liquidate Bitcoin in Extreme Price Corrections: Bernstein

A more robust bitcoin price means the company has a stronger balance sheet, a higher share price and easier debt repayment without the need to sell down its cryptocurrency holdings, the report said.

By Will CannyJul 12, 2023

Michael Saylor (Anna Baydakova/CoinDesk)

Markets

Crypto Traders Prepare for Bitcoin Volatility as Focus Shifts to U.S. CPI

Crypto traders anticipate a big move in bitcoin as Bollinger bands have tightened to the lowest level since early January.

By Omkar GodboleJul 12, 2023

Markets

First Mover Asia: Crypto Market Is on ‘Standby’ as Release of June Inflation Data Nears

PLUS: Chinese Yuan-backed stablecoins are an impossibility.

By Sam ReynoldsJul 12, 2023

Markets

Bitcoin Quiets Down in July After a Tumultuous First Half of 2023

While July has historically been one of Bitcoin’s strongest months, the largest crypto by market value’s price has remained range-bound so far this month.

By Glenn Williams Jr.Jul 11, 2023

Bitcoin's price has been in the doldrums. (Pixabay)

Finance

Tim Draper Still Thinks Bitcoin Can Reach $250K – Just 2 Years Later Than He Expected

The billionaire investor predicted that the cryptocurrency would reach $250,000 by June 2023, but he said he wasn’t expecting the U.S. to be so aggressive in its enforcement actions.

By Helene BraunJul 11, 2023

Tim Draper during the opening day of Web Summit 2018 at the Altice Arena in Lisbon, Portugal (Photo by Seb Daly/Web Summit via Getty Images)

Podcasts

Crypto Update | GBTC Discount Narrows as Institutional Interest Captures the Narrative

By George KaloudisJul 11, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Opinion

The Big Robert F. Kennedy Jr. Bitcoin Nothingburger

The candidate isn’t necessarily biased just because he owns BTC.

By Daniel KuhnJul 11, 2023

US presidential candidate Robert F Kennedy Jr.

Finance

BlackRock’s Bitcoin ETF Application Takes Surveillance to the Next Level

An Information-Sharing Agreement, which appears to be absent from public spot Bitcoin ETF filings, compels a crypto exchange to share trading data up to and including personal information such as a customer’s name and address.

By Ian AllisonJul 11, 2023