Bitcoin


Markets

The End of an Era? Why Bitcoin and MMT Won the Week

Fed Chair Jerome Powell tried to make it seem like the end of an era, but didn’t inspire confidence in the central bank’s ability to lead in the era that comes next.

(Olga Buntovskih/Getty Images)

Markets

Market Wrap: Bitcoin Climbs to $11.5K With Record Amount in DeFi

Bitcoin made gains Friday, both in price and what's locked in DeFi.

CoinDesk 20 Bitcoin Price Index

Markets

Fed Chair Powell's Flexible Inflation Views Were Already Priced In

Federal Reserve Chair Jerome Powell did not raise many eyebrows Thursday morning when he announced the U.S. central bank would encourage some periods of inflation above its 2% target in certain circumstances to boost the long-term economy.

Federal Reserve Chair Jerome Powell. (CoinDesk Archives)

Markets

First Mover: Binance's Shrinking Trading Spreads and Bitcoin's Jackson Hole Fizzle

Traders are getting better fills due to shrinking bid-ask spreads on Binance and other cryptocurrency exchanges. It's a sign of a healthy market.

Shrinking Binance bid-offer spreads might reveal crypto markets maturing. (Rednuht/Creative Commons, modified by CoinDesk)

Markets

Bitcoin, Gold Recover After Jerome Powell Speech Shakes Markets

Bitcoin and gold are reversing losses seen on Thursday after the Federal Reserve's announcement of a more relaxed approach to tackling inflation.

Federal Reserve building, Washington, D.C.

Markets

Winklevoss Brothers Say Bitcoin Could Reach $500K as the 'Only' Long-Term Inflation Hedge

"Bitcoin is ... the only known commodity in the universe that has a deterministic and fixed supply," the Winklevoss brothers wrote in a blog post saying the cryptocurrency may one day hit $500,000.

Cameron and Tyler Winklevoss

Markets

Binance’s Bitcoin 'Bid-Ask Spreads' Tighten as Cryptocurrency Markets Mature

The narrowing gap between bitcoin buy and sell orders on big exchanges like Binance shows an increasing depth to cryptocurrency markets.

Binance CEO Changpeng "CZ" Zhao (CoinDesk archives, modified by CoinDesk)

Tech

Wasabi Wallet Is Revamping Its CoinJoin Design to Allow Bitcoin Mixing With Differing Values

Wasabi Wallet's new protocol would allow users to coinjoin with differing values, which could give users greater flexibility when using the privacy feature.

(Ilya Starikov/Getty)

Markets

Market Wrap: Bitcoin’s Powell-Induced Price Swing; Ethereum Still High on Gas

Bitcoin's price gyrated by over $450 during and after Fed Chair Powell’s comments while Ethereum’s gas congestion continues.

CoinDesk 20 Bitcoin Price Index

Markets

Bitcoin Pops and Drops After Powell Introduces Average Inflation Targeting

Bitcoin whipsawed on Thursday after the Federal Reserve’s chairman signaled tolerance for high inflation, as expected.

btc chart