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

First Mover Asia: What Holiday? Bitcoin Soars Past $59K Amid Brisk Trading

Ether rose more than 6% and altcoins GALA, SAND, MANA and SHIB were among other winners on the day.

By Muyao ShenNov 25, 2021

Markets

Bearish Sentiment Grips Bitcoin Ahead of $3B Options Expiry

Bitcoin’s put options become pricier amid Fed rate hike fears.

By Omkar GodboleNov 25, 2021

Bitcoin: November expiry options open interest (Deribit)

Markets

First Mover Asia: Bitcoin Falls in Pre-Holiday Trading; Ether Drops

A recovery in the tether-yuan pairing suggests the Chinese market is slowly recovering from the country’s crypto trading ban in September.

By Muyao Shen, Damanick DantesNov 24, 2021

Markets

Market Wrap: Higher Volatility Expected in Bitcoin and Ether

There could be sharp price moves over the next few days.

By Damanick DantesNov 24, 2021

Volatility expected (Saxon White, Unsplash)

Videos

Bitcoin Faces Resistance Around $57K, Altcoins Recover From 7-Day Lows

Bitcoin is meeting the $57,000 resistance level during U.S. trading hours Wednesday as altcoins and other layer 1 tokens recovered from seven-day lows. New data on bitcoin dominance continued to signal a bias toward altcoin exposure. “All About Bitcoin” host Christine Lee breaks down the Chart of the Day.

Nov 24, 2021

Videos

IMF: Bitcoin Should Not Be Legal Tender in El Salvador

The International Monetary Fund (IMF) stated bitcoin should not be used as legal tender in El Salvador, saying its plans to acquire more BTC will require a “very careful analysis” of implications for its financial stability. It also questioned President Nayib Bukele’s announcement of a $1 billion bitcoin-backed bond.

Nov 24, 2021

Finance

Salvadoran Ambassador to US: Bitcoin Challenges Your Authority

Other countries will “follow our leadership” on bitcoin, Mayorga tells CoinDesk TV.

By Helene BraunNov 24, 2021

El Salvador’s Ambassador to the United States Milena Mayorga said other countries may follow its leadership on adopting bitcoin as legal tender, on CoinDesk TV's "First Mover." (CoinDesk TV)

Markets

Bitcoin Held Support at $53K, Faces Initial Resistance Around $60K

Initial signs of downside exhaustion could stabilize the intermediate-term uptrend from July.

By Damanick DantesNov 24, 2021

Bitcoin daily price chart (Damanick Dantes/CoinDesk, TradingView)

Policy

El Salvador: Who Needs the IMF When You Have Bitcoin?

The IMF is a brutal bully constantly declaring its virtue. It’s about time someone pushed back.

By David Z. MorrisNov 24, 2021

Like Batman, the IMF has made a habit of inflicting pain in defense of a greater good – or just enforcing the status quo. (Jared Wickerham/Getty Images)

Videos

Bitcoin's Next Move After Dipping Below $56K

Greg King, Founder & CEO of crypto investment firm Osprey Funds, discusses his crypto markets analysis and outlook as bitcoin has tumbled below the $56,000 support level. Is there a potential threat we could be triggering liquidations in the short-term? Plus, insights into his firm launching NFT-focused investment vehicles by early next year.

Nov 24, 2021