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

First Mover Americas: Bitcoin Falls to $26K; Is $24K Next?

The latest price moves in crypto markets in context for May 25, 2023.

By Lyllah Ledesma, Omkar GodboleMay 25, 2023

Gráfico de índices del mercado de acciones subiendo y bajando. (Megamodifier/Pixabay)

Markets

Bitcoin Options Market Signals Weakness over 6 Months Amid Debt Ceiling Drama

The renewed bias for bitcoin puts is consistent with the increased demand for downside protection seen in the options market tied to S&P 500.

By Omkar GodboleMay 25, 2023

Tendencia de las opciones de compra a seis meses de bitcoin. (Amberdata)

Web3

Bitcoin-Based ‘Space Pepes’ Led Weekly Trading Volumes Among NFT Collections

Bitcoin-based NFT collections have triumphed over Solana and Polygon-based offerings in recent weeks.

By Shaurya MalwaMay 25, 2023

Space Pepes es la colección de NFT más comercializada. (Ordinals Wallet)

Markets

Bitcoin's 'Ichimoku Cloud' Suggests Deeper Drop Toward $24K: Technical Analysis

Ichimoku Cloud, created by Japanese journalist Goichi Hosada in the 1960s, is widely used to gauge momentum and trend strength.

By Omkar GodboleMay 25, 2023

Markets

First Mover Asia: Bitcoin Holds Below $27K Amid Macro Uncertainties

ALSO: Market maker Flowdesk is looking to expand in the U.S., even as a number of major crypto firms, including Coinbase, have lost enthusiasm there because of ongoing regulatory uncertainties.

By James Rubin, Sam ReynoldsMay 25, 2023

Bitcoin continued its downtrend of recent days. (Getty Images)

Markets

Bitcoin’s Doldrums Below $26.5K Endure as Investors Weigh Debt Ceiling Stalemate, Latest FOMC Minutes

The largest cryptocurrency by market capitalization sank below $26.2K early Wednesday after disappointing U.K. inflation data.

By James RubinMay 24, 2023

Markets

Crypto Markets Recoil From Latest Yellen Concerns About Debt Ceiling Impasse

Treasury Secretary Janet Yellen reiterated her comments from just three days ago about the U.S. running out of cash if lawmakers can’t reach an agreement. Crypto and other asset markets dropped.

By Glenn Williams Jr.May 24, 2023

Podcasts

Featured Story | Consensus Survey – TradFi Investors Remain Bullish on Crypto’s Long-Term Prospects.

By Adam B. LevineMay 24, 2023

Weekend Story | The Short-Sightedness of Run-Amok Regulators

Tech

Ledger Recover Fiasco Exposes Gap Between Blockchain Ideals and Technical Reality

After a video went viral of what appears to be a hardware wallet getting smashed with a hammer and then blow-torched into a charred mass, Ledger (and all of the crypto industry) got a searing reminder on the importance of managing expectations.

By Sam KesslerMay 24, 2023

Screen grab from video purporting to show a user smashing a hardware wallet with a hammer and then setting it ablaze with a blowtorch. (@oklahodl1/Twitter)

Videos

Bitcoin Investors Are HODLing More Than Ever: Glassnode

Data from Glassnode shows that investors are holding on to their bitcoin longer than ever. The amount of bitcoin that's been held for at least a year has climbed to a record 68% while 55% of bitcoin has been held for at least two years, and 40% for three years. CoinDesk's Jenn Sanasie presents "The Chart of the Day."

May 24, 2023