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.

Policy

Biden and the Fed: Why Powell or Brainard Won’t Change Much for Crypto

Both candidates are seen as taking a tough stance on crypto regulation, but they’re also both seen as dovish – possibly beneficial for bitcoin’s inflation narrative.

By Aoyon AshrafNov 19, 2021

Federal Reserve Chair Lael Brainard (C-Span, modified by CoinDesk)

Markets

First Mover Asia: Bitcoin Drops Below $60K Amid Broad Sell-Off in Crypto Markets

Traders could not definitively explain bitcoin’s decline; ether falls under $4,000 for the first time since late October.

By Bradley Keoun, Damanick DantesNov 18, 2021

Longer-term bitcoin price chart shows this week's big dropoff. See the red candle on the right. (CoinDesk)

Markets

Market Wrap: Cryptocurrencies Slide as Buyers Stick to the Sidelines

Traders are in no hurry to buy given regulatory concerns and muted volume.

By Damanick DantesNov 18, 2021

Markets

Bitcoin Tumbles to 3-Week Low Under $60K; Next Support at $53K

Market retreat comes as bitcoin’s daily price chart signals slowing upside momentum. The ether price fell below $4,000.

By Damanick DantesNov 18, 2021

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

Videos

What’s Driving Bitcoin Price Movement?

Bitcoin appears exhausted, having failed to chart a convincing breakout beyond April highs for almost four weeks. Marc Lopresti, co-managing director at The Strategic Funds, discusses the new support and resistance levels to watch for bitcoin as indicators of a continued bull market.

Nov 18, 2021