Bitcoin News

Bitcoin News

Markets

Four Reasons Elon Musk’s Tesla May Have Moved $760M of Bitcoin

The electric carmaker moved its stash of BTC to new wallets earlier this week, sparking speculation on why it may have done so.

Tesla CEO Elon Musk (Getty Images, modified by CoinDesk)

Markets

Ongoing Profit-Taking Could Slow Bitcoin's Move to Record High

Historical data suggests when the bitcoin circulating supply in profit is over 94% we tend to see a sell-off due to profit-taking.

Bitcoin: Realized Profit and Loss (Glassnode)

Markets

First Mover Americas: Bitcoin Recedes to $67K as Crypto Market Sees Slight Dip

The latest price moves in crypto markets in context for Oct. 17, 2024.

BTC price, FMA Oct. 17 2024 (CoinDesk)

Finance

Crypto Exchange Kraken Launches Wrapped Bitcoin Token kBTC

The token will be available on both Ethereum and OP Mainnet.

Kraken Crypto App

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Markets

Coinbase Says Bitcoin Liquidity on Exchange Unfazed After SEC's Lawsuit Against Cumberland

Paris-based Kaiko pointed to a notable drop in 2% BTC market depth on Coinbase in a report early this week.

Coinbase CEO Brian Armstrong (CoinDesk)

Markets

Asia's Elite Embrace Crypto, Foresee Bitcoin at $100K by Year-End

Digital assets have emerged as an alternative investment class for private wealth in Asia, with 76% of family offices and high-net-worth individuals investing in cryptocurrencies versus 58% in 2022.

Bitcoin may soon reach $100K, says Galaxy Research. (Unsplah)

Tech

Gold Arrives on 'Digital Gold' as Bitcoin Gets Tokenized Version of the Metal

Bitcoin, the cryptocurrency, is often referred to as "digital gold," but now it is possible to mint and trade physical gold on the Bitcoin blockchain via the Ordinals protocol – essentially encoding ownership of the yellow metal into an NFT.

Gold (Credit: Shutterstock)

Markets

Bitcoin Demand Surges in Bullish Catalyst That May Drive BTC Price to $70K

Technical indicators point to a price surge, and Polymarket bettors have their money on BTC passing $70K this month.

Bull Market (Kameleon007/Getty Images)

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Tech

Protocol Village: Team Behind Mento, EVM for Stable Assets on Celo, Raises $10M, Publishes Roadmap

The latest in blockchain tech upgrades, funding announcements and deals. For the period of Oct. 10-16.

Protocol Village is CoinDesk's living column chronicling blockchain tech project updates (CoinDesk)

News Analysis

History Suggests Crypto’s Bullish Momentum Should Continue Into the U.S. Election and Afterwards

Bitcoin could move 10% in either direction on the outcome of the U.S. election, according to one analysis.

Bitcoin bulls are out ((Unsplash/Peter Lloyd)

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