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

Who Are the Main Opponents and Supporters of El Salvador’s Bitcoin Law?

President Nayib Bukele’s new law faces plenty of internal critics. Much of his support comes from outside the country.

By Andrés EnglerSep 7, 2021

SAN SALVADOR, EL SALVADOR - AUGUST 27: A veteran holds a sticker against Bitcoin during a protest against the bitcoin law by veterans of the Salvadoran civil war on August 27, 2021 in San Salvador, El Salvador. The new bitcoin law should come into force on September 7. (Photo by Roque Alvarenga/APHOTOGRAFIA/Getty Images)

Policy

As El Salvador Enacts Bitcoin Law, Locals Remain Confused About Implementation

“One thing is what the president says, and another is what the law establishes.”

By Andrés EnglerSep 7, 2021

Emerson Flores/APHOTOGRAFIA/Getty Images

Markets

Market Wrap: Bitcoin Plummets as El Salvador Buys the Dip

Bitcoin tumbled below $46K, triggering billions in long position liquidations.

By Damanick Dantes, Tracy WangSep 7, 2021

Markets

Bitcoin Pulls Back From Resistance, Support at $49K-$50K

Pullbacks appear to be limited given breakouts on the charts.

By Damanick DantesSep 7, 2021

Bitcoin four-hour price chart. (CoinDesk, TradingView)

Videos

‘Mixed Picture’ in El Salvador as Bitcoin Becomes Legal Tender

El Salvador became the first country in the world to adopt bitcoin as legal tender on Tuesday, despite widespread local skepticism. Peter McCormack, host of the popular podcast “What Bitcoin Did,” discusses the possible outlook and impact of the Bitcoin Law rollout amid “very mixed” sentiments from Salvadorans.

Sep 7, 2021

Videos

Why Crypto Markets Are Pulling Back

El Salvador is on a bitcoin buying spree after the cryptocurrency became legal tender in the country on Tuesday, but the crypto markets remain in the red in pullback mode. Michele Schneider, Managing Director at MarketGauge Group, discusses her take on the “flash crash” and the potential factors driving prices lower.

Sep 7, 2021

Videos

Bitcoin Briefly Drops Below $43K, Wipes Out Past Week's Gains

A new chart of the bitcoin price over the past week reveals the impact of Tuesday's wipeout. Bitcoin tumbled 11.3%, the most since May and plunged as low as $42,900 during the selloff. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Sep 7, 2021