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

Since ‘Golden Cross,’ Bitcoin Is Down 12%; Blame the Fed?

The ostensibly bullish price-chart indicator hasn’t yet produced much in the way of gains for traders of the largest cryptocurrency.

By Omkar GodboleSep 22, 2021

The golden cross in bitcoin's price chart has yet to produce much glory. (Unsplash, modified by CoinDesk)

Markets

Bitcoin Flash Crashed to $5K on Pyth Network’s Data Feed

The Pyth BTC/UDC aggregate price had several sharp dips below $40,000 on Monday and the confidence levels became extremely wide.

By Lyllah LedesmaSep 22, 2021

Markets

Bitcoin Oversold at Support, Resistance at $47K

Bitcoin is the most oversold in two months as buyers defend $40K support.

By Damanick DantesSep 22, 2021

Bitcoin daily price chart (CoinDesk, TradingView)

Videos

Could China’s Evergrande Default Risk Trigger Domino Effect in Global Financial Markets?

Ming Zhao, an entrepreneur and former analyst at Point72, discusses her outlook for bitcoin as the wider crypto and traditional markets have potentially been impacted by a rising liquidity crisis out of Chinese property developer Evergrande. Could its default risk trigger a domino effect across the global economy? Plus, Zhao's take on the possible impact of China's regulatory storm on crypto, including stablecoins.

Sep 21, 2021

Videos

Is Bitcoin Still a Safe Haven Asset?

Bitcoin continues to take cues from equity markets amid macro uncertainty, seeming to contradict the popular narrative of BTC being a safe haven like gold. "All About Bitcoin" host Christine Lee breaks down the Chart of the Day.

Sep 21, 2021

Markets

Market Wrap: Bitcoin Stabilizes as Risk Appetite Weakens

Support is seen above $40,000.

By Damanick Dantes, Tracy WangSep 21, 2021

Policy

Banking Heavyweights Oppose Basel’s Proposed Rules on Crypto Capital Requirements

Banks including JPMorgan Chase and Deutsche Bank oppose “overly conservative” proposals they say would prevent banks from getting involved in crypto asset markets.

By Jamie CrawleySep 21, 2021