Bitcoin


Markets

First Mover: Federal Reserve Does What It Wants to Do as Bitcoin Hits $11K

This week's Fed meeting ushered in a new regime for U.S. monetary policy, offering a reminder of just how frequently top officials change the rules.

Federal Reserve Chair Jerome Powell dons reading glasses prior to Wednesday's press conference. (Federal Reserve, modified by CoinDesk)

Markets

Bitcoin Falls Back Below $11K as Markets Doubt Fed's Ability to Boost Inflation

Prevailing doubts over whether the Fed has what it takes to hit its 2% inflation target hit traditional markets and may have contributed to a bitcoin price drop on Thursday.

Federal Reserve Chair Jerome Powell

Markets

Bitcoin 'Young Investment' Wallets at Highest Level Since February 2018

New investors are entering the bitcoin market at a faster pace and possibly creating upward pressure on prices, on-chain data shows.

The number of "young investment wallets" is on the rise. (JodiJacobson/Getty Images)

Markets

Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400

Bitcoin's price continues to trend upward while the ether options market signals bearish sentiment.

CoinDesk 20 Bitcoin Price Index

Markets

Federal Reserve Now Targets Inflation Above 2%, Bitcoin Breaks $11K

Federal Reserve officials said Wednesday they would hold U.S. interest rates at close to zero and work to push inflation above 2% "for some time."

Federal Reserve Chair Jerome Powell speaking at virtual press conference on Wednesday. (Federal Reserve, modified by CoinDesk)

Markets

Bakkt Bitcoin Futures Daily Trading Volume Hits Record High

Trading volume in physically delivered bitcoin futures listed on Intercontinental Exchange's Bakkt platform surged to record highs on Tuesday.

Bakkt President Adam White

Markets

First Mover: Binance's CZ Doesn't Even Dispute That DeFi Might Be Inevitable

Big crypto exchanges like Binance, Huobi and OKEx are rushing out DeFi platforms to cash in on the fast-growing industry and stanch user defections.

Binance CEO Changpeng "CZ" Zhao says the centralized exchange's BNB tokens might benefit from the decentralization trend.

Finance

This Crypto Startup Takes Bitcoin Advocacy to a Whole New Level

Patrick Stanley is launching a crypto advocacy company called Freehold, starting with bitcoin (BTC) and Blockstack's STX.

Patrick Stanley speaks at Blockstack Summit 2019. (Blockstack)

Markets

All Eyes on Fed Reserve Rate Announcement, as Bitcoin Fights for $11K

With the Fed's decision on rates due later Wednesday, bitcoin traders will be watching the U.S. dollar action.

Bitcoin prices since late Monday (CoinDesk BPI)

Markets

Market Wrap: Bitcoin Hits $10.9K; Total BTC Locked in DeFi Passes 100K

Bitcoin's price is trending upward Tuesday as the amount of BTC in DeFi hits a new high.

CoinDesk 20 Bitcoin Price Index