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

Canadian Miner Hut 8 Closed 2021 With 5,518 Bitcoin in Reserve

The miner plans to reach 3.35 EH/s of hashrate by the end of Q1 2022.

By Eliza GkritsiJan 5, 2022

Markets

Chainlink Jumps While Bitcoin Stages Recovery

LINK hit resistance levels while major cryptocurrencies held support levels ahead of publication of the Fed’s minutes on Wednesday.

By Shaurya MalwaJan 5, 2022

Where does resistance exist for LINK? (TradingView)

Markets

Bitcoin May Squeeze Higher as Retail Interest Subsides: Analysts

On-chain metrics like the “paper hands” ratio from Glassnode suggest a bottom could be nearing, one analyst said.

By Omkar GodboleJan 5, 2022

Chart showing a pick up in BTC-denominated open interest and neutral-to-negative funding rates (Arcane Research, Glassnode)

Markets

Bitcoin Holds Support Ahead of Fed Minutes, March Rate Hike Probability Rises

The Fed’s asset purchase program is set to end in March.

By Omkar GodboleJan 5, 2022

Bitcoin holds range support ahead of Fed minutes (TradingView)

Markets

Bitcoin Can Reach $100K in ‘Hypothetical’ Store of Value Boost, Goldman Sachs Says

The firm assumes a scenario where bitcoin adoption increases as a store of value for investors versus gold.

By Michael BellusciJan 5, 2022

Markets

First Mover Asia: Bitcoin Continues in Narrow Trading Range, Ether Pops Back Into the Green

Some price-chart indicators show the potential for a short-term BTC bounce if support holds.

By Muyao Shen, Damanick DantesJan 5, 2022

Videos

Apple Stock Outpaces Bitcoin

A chart by Bloomberg’s Joe Weisenthal shows Apple stock outperformed bitcoin in year-over-year returns. In this Chart of the Day report, Galen Moore reflects on whether both investments rest on the strength of a single offering — bitcoin as digital gold, and its iPhone sales in the case of Apple.

Jan 4, 2022