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.

Finance

Silk Road–Linked Bitcoin Worth $300M Moved by U.S. Government: On-Chain Data

The U.S. government previously sold 9,861 bitcoin for $216 million in March.

By Oliver KnightJul 12, 2023

U.S. government moves bitcoin (Blockchain.com)

Finance

Bitcoin Holds Just Below $31K After U.S. Inflation Improves More Than Forecast

Economists had forecast sizable year-over-year declines in both headline and core inflation for this report.

By Stephen AlpherJul 12, 2023

The April inflation report was released Wednesday morning (JLGutierrez/Getty Images)

Markets

First Mover Americas: Bitcoin Continues in Holding Pattern Ahead of June U.S. Inflation Data

The latest price moves in crypto markets in context for July 12, 2023.

By Lyllah LedesmaJul 12, 2023

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