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

Jefferies’ Wood Urges Banks to Embrace Blockchain, Add More Bitcoin Exposure

The Jefferies strategist is “fundamentally bullish” on crypto and added another 5% exposure to his current bitcoin allocation recommendation.

By Aoyon Ashraf, Will CannyNov 4, 2021

Markets

Bitcoin Rangebound, Support Between $58K-$60K Could Stabilize Pullback

Downside appears limited into Asian trading hours.

By Damanick DantesNov 4, 2021

Bitcoin four-hour price chart (CoinDesk, TradingView)

Markets

Ethereum Alternatives and Gaming Tokens Outperform BTC and ETH

Solana’s SOL hit an all-time high of $246 on Wednesday and the token is up 5% in the last 24 hours. Polkadot (DOT) is up 7%.

By Lyllah LedesmaNov 4, 2021

The chart shows Ethereum alternatives such as Polkadot's DOT and Solana's SOL are outperforming bitcoin and ether. (TradingView)

Markets

Compounding and Saving in Bitcoin: The Power of a Dollar-Cost Averaging Strategy

Bitcoin is a savings technology and a store of value when you save consistently. Dollar-cost averaging helps to reduce the impact of bitcoin’s volatility.

By Isaiah DouglassNov 4, 2021

Markets

Ether to Extend Outperformance Versus Bitcoin Following Recent Breakout, FSInsight Says

Solana may see some consolidation in the near term following recent gains.

By Will CannyNov 4, 2021

Markets

Federal Reserve to Taper Money Printing That Fueled Bitcoin Bets

The $120 billion of monthly bond purchases has provided a tailwind for bitcoin as investors see the cryptocurrency as a hedge against dollar debasement in the face of ultra-loose monetary policies.

By Bradley KeounNov 3, 2021

Fed Chair Jerome Powell speaks Wednesday at a virtual press conference. (Federal Reserve, modified by CoinDesk)

Markets

Market Wrap: Bitcoin Holds Above $60K After Fed Taper Announcement

Analysts see further upside despite lower trading volume.

By Damanick Dantes, Helene BraunNov 3, 2021

Bitcoin price chart (CoinDesk, TradingView)

Videos

Bitcoin Whale Holdings Reach 2021 High Amid Inflation Fears

Bitcoin whales, or large investors with ample capital supply, appear to be buying again as fears of inflation lurching out of control strengthen the case for investing in store of value assets. Large investors holding at least 1,000 BTC snapped up 142,000 coins last week, taking the cumulative tally to nearly 200,000 BTC, the highest in 2021. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Nov 3, 2021

Videos

Ether Hits Fresh Record High, Surging Past $4650

Following the latest announcement from the Federal Reserve to start tapering bond purchases later this month, ether has jumped to a new all-time high, surpassing $4,650. CoinDesk's Galen Moore discusses his assessment of ETH, the correlation between bitcoin's 90-day daily returns and the S&P 500, and Direxion withdrawing its SEC application to launch a short bitcoin futures ETF.

Nov 3, 2021

Markets