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 Bounces Above $27K-$30K Support Zone; Resistance at $33K-$35K

BTC's current price range remains intact after several weeks of negative returns.

By Damanick DantesJun 6, 2022

Bitcoin daily price chart shows support/resistance, with RSI on bottom. (Damanick Dantes/CoinDesk, TradingView)

Videos

StepN Hit by DDOS Attack; S Korea’s Metaverse Studies

Web 3 lifestyle app StepN suffers DDOS attack. Australia’s Gold Coast mayor reckons local taxes could soon be paid in Bitcoin. Those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Jun 6, 2022

Opinion

New York Mining 'Ban' Is a Green Opportunity

The state’s possible moratorium on new carbon-based mining could be seen as an opportunity.

By Daniel KuhnJun 6, 2022

Markets

First Mover Americas: Bitcoin Snaps Record Losing Streak, Climbs Above $31K

The latest moves in crypto markets in context for June 6, 2022.

By Bradley Keoun, Parikshit MishraJun 6, 2022

Bitcoin breaks historic losing streak. (BOESCHE/Getty images)

Markets

First Mover Asia: Bitcoin and Other Cryptos Tick Up in Weekend Trading

Ether and other major altcoins are slightly in the green as investors continue to look for clarity on the direction of the global economy; stablecoins face increasing scrutiny.

By James Rubin, Damanick DantesJun 6, 2022

Options show a striking divergence in sentiment for major tokens. (Bankrx/Shutterstock)

Finance

Bitcoin Might, in Fact, Be the Great ‘Equalizer’

A new global survey drills in on the perception of Bitcoin around the world, and the findings appear to be generally optimistic for global equity.

By George KaloudisJun 5, 2022

Podcasts

Crypto Layoffs Gain Steam as Tesla Reportedly to Cut Jobs

By William Foxley, Zack Seward, Jennifer Sanasie, Wendy OJun 4, 2022

Markets

Market Wrap: Altcoins Underperform as Bearish Sentiment Rises

Analysts expect price bounces to remain short term.

By Damanick DantesJun 3, 2022

Mercado bajista —bear market, en inglés— de cripto. (Olen Gandy, Unsplash)

Markets

Bitcoin Stuck Below $34K Resistance, Support at $20K-$25K

Short-term price action is stabilizing but expect a rise in volatility.

By Damanick DantesJun 3, 2022

Bitcoin weekly price chart shows support/resistance. (Damanick Dantes/CoinDesk, TradingView)

Videos

Bitcoin Set to Record 10-Week Losing Streak

Bitcoin (BTC) is on track to record 10 consecutive weeks of losses for the first time in its history. Quantfury CEO Ali Pourdad dicusses the potential factors driving prices lower and where we’re headed next. Plus, reactions to the latest U.S. jobs report, Elon Musk seeking 10% job cuts at Tesla.

Jun 3, 2022