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: Altcoins Underperform as Traders Reduce Risk

BTC and stocks traded lower after Federal Reserve minutes signaled aggressive monetary tightening could be coming.

By Damanick Dantes, Angelique ChenApr 6, 2022

Videos

US Sanctions Russian Darknet Marketplace Hydra

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) sanctioned Russia-based darknet market Hydra, following Germany’s seizure of $25 million worth of bitcoin (BTC) from the market. “The Hash” group discusses Hydra becoming the world’s largest marketplace for illicit activity and the role of dark markets in the broader crypto space.

Apr 6, 2022

Markets

Bitcoin Extends Pullback Toward $40K-$43K Support

BTC broke below a monthlong uptrend.

By Damanick DantesApr 6, 2022

Bitcoin daily chart shows support/resistance (Damanick Dantes/CoinDesk, TradingView)

Finance

El Salvador President Nayib Bukele Calls Off Bitcoin 2022 Conference Appearance

Bukele had previously teased he would be making an important announcement at this year’s conference.

By Andrés EnglerApr 6, 2022

Nayib Bukele, President of El Salvador (Michael Nagle/Bloomberg/Getty Images)

Videos

Crypto Markets Dip Despite LFG’s $230M BTC Purchase

JST Capital Partner & Co-Founder Scott Freeman discusses why digital assets are trading lower today despite the Luna Foundation Guard’s recent purchase of $230 million worth of bitcoin. Plus a conversation on macro factors including Treasury Secretary Janet Yellen’s upcoming speech on cryptocurrency and the ongoing war between Russia and Ukraine.

Apr 6, 2022

Finance

ProShares Aims to Let Investors Bet Against Bitcoin With New ETF

The company filed an application with the SEC for the Short Bitcoin Strategy ETF.

By Michael BellusciApr 6, 2022

Finance

First Mover Americas: Luna Foundation Guard Is Back Buying Bitcoin, Fed Minutes on Deck

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

By Omkar Godbole, Parikshit Mishra, Sam ReynoldsApr 6, 2022

Markets

Luna Foundation Guard Adds Nearly $230M of Bitcoin to Stack

The foundation now has bigger exposure to bitcoin than the U.S. electric-car maker Tesla.

By Omkar GodboleApr 6, 2022

Markets

Observers Cautious for Bitcoin as US Inflation-Adjusted Bond Yield Hits 2-Year High

Typically rising borrowing costs hurt risk assets, one research firm said.

By Omkar GodboleApr 6, 2022

Observers assess downside risk to bitcoin as bond yields spike. (Pixabay, modified by CoinDesk)

Markets

Bitcoin Slumps to $45K Amid Hawkish Fed, Buying Activity Remains Positive

Institutional adoption of bitcoin could boost confidence among those who have previously considered cryptocurrencies a poor investment, some analysts said.

By Shaurya MalwaApr 6, 2022