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

U.S. Added 209K Jobs in June, Missing Expectations for 230K

The unemployment rate fell to 3.6% versus 3.7% in May and against expectations for 3.7%.

By Stephen AlpherJul 7, 2023

The government's jobs report for January was released Friday (David McNew/Getty Images)

Markets

Bitcoin Retakes $30K, Asian Stocks Hit 5-Week Low Ahead of U.S. Jobs Report

The Bureau of Labor Statistics will release the nonfarm payrolls report for June at 12:30 UTC.

By Omkar GodboleJul 7, 2023

Bitcoin price. (CoinDesk/Highcharts.com)

Markets

First Mover Asia: Bitcoin Whales Are Increasing, but BTC Sent to Exchanges Continues to Fall. What Does the Trend Mean?

PLUS: Bitcoin tumbled below $30,000 for the first time in almost two weeks after a disappointing ADP private sector jobs report and ISM services index, but regained some ground later on Thursday.

By James Rubin, Glenn Williams Jr.Jul 7, 2023

Bitcoin weekly chart. (CoinDesk Indices)

Markets

FOMC Minutes Show Uncertainty, Cautious Optimism. Large Bitcoin Investors Are Taking Divergent Paths

The largest and smallest bitcoin whales have added to their holdings, but the group in between has jettisoned some of their tokens.

By Glenn Williams Jr.Jul 6, 2023

Tech

Lightning Labs Unveils Bitcoin Tools for AI

“We are in the realm of enabling use cases that weren't previously possible,” Lightning Labs CEO Elizabeth Stark told CoinDesk.

By Frederick MunawaJul 6, 2023

Screenshot showing one of Lightning Labs’ AI products. (Lightning Labs)

Podcasts

Crypto Update | Bitcoin Could Revolutionize Finance Amid Bankrupt Crypto Companies Haggling in Court

By George KaloudisJul 6, 2023

Key Bitcoin Support Levels to Watch as Volatility Rises

Markets

Bitcoin Retreats to $30.6K as Blowout ADP Report Strengthens Fed Rate Hike Bets

Traders now see a 94% chance of the Fed raising rates by 25 basis points later this month.

By Omkar GodboleJul 6, 2023

Bitcoin's price (CoinDesk/Highcharts.com)

Markets

First Mover Americas: Bitcoin Cash Rises More Than 10%

The latest price moves in crypto markets in context for July 6, 2023.

By Lyllah LedesmaJul 6, 2023

Markets

Bitcoin Price Rally Puts Focus on Futures Spread That Underscores Need for Spot ETFs

Observers call for spot-based bitcoin ETF as the bull market raises cost of pre-expiry rollover of positions for futures-based ETFs.

By Omkar GodboleJul 6, 2023

Markets

Bitcoin Could Rally to $125K by End-2024: Matrixport

The forecast is consistent with bitcoin's tendency to chalk out sharp gains in the months after the mining reward halves. The fourth halving is due early next year.

By Omkar GodboleJul 6, 2023