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

Market Wrap: Bitcoin's Price Retraces Again, Breaks Below Trendline

BTC declines for the third consecutive day on below-average volume.

By Glenn Williams Jr., Jimmy HeAug 16, 2022

BTC falls to its 20-day moving average. (Meg Boulden/Unsplash)

Videos

Bitcoin Consolidating in Bearish ‘Rising Wedge’ Pattern

Bitcoin has gained 36% in two months, offering relief to the battered bulls. However, according to Crypto Twitter, the recovery has suddenly drawn the shape of a “rising wedge,” or a bearish pattern, on price charts and could be short-lived. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Aug 16, 2022

Finance

Brazil's Largest Investment Bank, BTG Pactual, Launches Crypto Trading Platform

Called Mynt, the product allows customers to trade BTC, ETH, SOL, DOT and ADA.

By Paulo AlvesAug 16, 2022

Oficinas de BTG Pactual. (Archivo de CoinDesk)

Markets

Crypto Twitter Sees 'Bearish Wedge' Pattern in Bitcoin's Price Recovery

The rising wedge – a pattern that has appeared in bitcoin's price charts – has some analysts and traders calling for a renewed sell-off toward $16,400.

By Omkar GodboleAug 16, 2022

Crypto Twitter is worried bitcoin's recent recovery may be fleeting. (jonas-svidras/Pixabay)

Markets

First Mover Americas: BTC Dips Below $24K as Ether Holds Strength

The latest price moves in crypto markets in context for Aug. 16, 2022.

By Lyllah Ledesma, Omkar GodboleAug 16, 2022

ETH is up, trading at around $1,900. (Vicky Sim/Unsplash)

Markets

First Mover Asia: Bitcoin and Ether Fall; Angry That Hodlnaut Has Frozen Your Funds? Too Bad, It’s in the Terms and Conditions

The Singapore-based crypto savings platform angered users with its decision, but the law may be on the company's side if a complaint ever makes it to court.

By Sam Reynolds, James RubinAug 16, 2022