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.

Videos

Is There a Bullish Breakout Ahead for Bitcoin?

Needham & Co. Vice President John Todaro discusses his positive assessment of the crypto markets despite continuing to see red over the past week. “We’re still in a bullish macro set up here for bitcoin and cryptocurrencies more broadly,” Todaro said. “We do have around $100K bitcoin [price target] in Q1 2022.”

Nov 24, 2021

Finance

Jury Deliberations Begin in Kleiman v. Wright Trial

The 10 jurors now must decide whether Craig Wright had a partnership with the late Dave Kleiman and if so what Kleiman’s share of the entity’s assets is worth.

By Deirdra FuncheonNov 23, 2021

Markets

First Mover Asia: Bitcoin Edges Toward $58K; Altcoins Recover From 7-Day Lows

The dominance of the largest cryptocurrency by market capitalization dipped to 42%, far off its October high.

By Muyao Shen, Damanick DantesNov 23, 2021

Policy

Según el FMI, bitcoin no debería ser de curso legal en El Salvador

La institución financiera dijo que los planes del país centroamericano de adquirir más bitcoin requerirán un “análisis muy cuidadoso” de las implicaciones para su estabilidad financiera.

By Andrés EnglerNov 23, 2021

Markets

Market Wrap: Altcoins Outperform as Bitcoin Stabilizes

The rise in altcoins suggests a greater appetite for risk among traders.

By Damanick DantesNov 23, 2021

Policy

The ‘Bitcoin City’ Fantasy

How might the low-tax, net-zero startup municipality play out?

By Daniel KuhnNov 23, 2021

Podcasts

What Jerome Powell’s Second Term Means for Bitcoin

By Nathaniel WhittemoreNov 23, 2021

Policy

Bitcoin Should Not Be Legal Tender in El Salvador: IMF

The financial institution said the Central American country’s plans to acquire more bitcoin will require a “very careful analysis” of implications for its financial stability.

By Andrés EnglerNov 23, 2021

Markets

Bitcoin Holds Support at $56K, Resistance at $60K-$63K

Momentum is improving as oversold readings appear on the chart.

By Damanick DantesNov 23, 2021

Bitcoin four-hour price chart shows short-term price levels with oversold RSI in second panel. (Damanick Dantes/CoinDesk, TradingView)

Videos

Why Are Crypto Markets Pulling Back?

Bitcoin, ether, and the wider crypto markets continue their recent downward trend, but what's behind the dip? Fairlead Strategies Technical Analyst Katie Stockton shares insights into the key support and resistance levels to watch for signs of a bullish breakout, along with short-term and long-term price targets.

Nov 23, 2021