Bitcoin Financial News

MicroStrategy, the American business intelligence firm, has just announced its latest acquisition of an additional 1,045 Bitcoin (BTC) for approximately $29.3 million at an average price of $28,016 per BTC. This news was announced in a tweet by Microstrategy's executive chairman, Michael Saylor, on April 5.

Crypto could save Americans billions of dollars in costs related to remittance payments to places like Asia and Latin America, data compiled by Coinbase shows.

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Marathon Digital Holdings Inc. has posted impressive numbers for the first quarter of 2023. The U.S.-based Bitcoin mining giant recently posted its unaudited Bitcoin production and miner installation updates for March 2023, wherein it revealed that the firm’s mining output had increased 41% compared to the prior quarter. 

The shutdown of the peer-to-peer cryptocurrency marketplace Paxful has left its worldwide community in search of alternatives, but it appears to have especially affected the Nigerian Paxful community. 

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Bitcoin (BTC) headed back toward $29,000 into April 5 as data showed whale orders guiding price action.

Bitcoin (BTC), potentially the most popular cryptocurrency in the world, maintained its winning run and gained some significant traction toward the $28,500 mark. Meanwhile, Ethereum (ETH), the second largest cryptocurrency, extended its upward direction and reached an eight-month high of $1,900 mark.

PostFinance, a retail bank fully owned by the Swiss government, is preparing to offer cryptocurrency trading and storage services to its customers.

With so many factors at play, from macroeconomic conditions to global regulatory changes, Bitcoin [BTC ] has opted to stick with consolidation in the last few days. Within this period, the king coin managed to fall below $28,000.

Ether (ETH) has breached $1,900 for the first time in over seven months, a week before staking withdrawals are enabled in the next major update for the second-largest cryptocurrency by market capitalization.

bitcoin flies high, investors are keeping their options open, judging by a record race to derivatives. Open interest for bitcoin options and futures has spiked over the past month as fear has stalked global banking, hitting an all-time high of 433,540 contracts on March 23 on Deribit, a leading exchange for crypto-focused derivatives products. In the 12 months preceding March, by contrast, open interest ranged between 150,000 and 300,000, referring to the number of contracts yet to be settled between buyers and sellers, which provides a measure of investor participation in a market. Most options traders are betting on bitcoin prices jumping higher, with open interest in call options at 206,979 contracts on Deribit, more than double the bearish put options of 93,857.

Bitcoin (BTC) mining firm Marathon Digital reported a quarterly record of 2,195 BTC mined over the first quarter of 2023, currently worth around $62 million.

One week after digital asset investment products saw their largest weekly inflow since July 2022 of $160 million, the pace of inflows has all but come to a halt, according to the latest Digital Asset Fund Flows report released on a weekly basis by CoinShares.

Binance has lost a big share of its total trading volumes since ending its zero fees on Bitcoin pairs and in wake of the US Commodity Futures and Trading Commission (CFTC)’s lawsuit against the firm.

Binance lost a sizable chunk of the global market share in the first quarter of 2023, as regulatory bodies tightened their chokehold around the world’s largest cryptocurrency exchange.

This week on The Market Report, Cointelegraph analyst and writer Marcel Pechman breaks down everything that has been happening between Twitter, Elon Musk and Dogecoin (DOGE). He also covers the Changpeng “CZ” Zhao arrest rumors and Japanese crackdowns on crypto exchanges.

In 2022, the cryptocurrency market experienced an insane amount of volatility. But one asset that held its own during the series of capitulations was Polygon [MATIC] . Crypto investor and analyst Dan Lim comprehensively looked at the token’s condition in his CryptoQuant publication.

Bitcoin's price shows promising signs as it rebounds from support levels and heads higher. As investors wonder whether BTC can soon surpass the $30,000 mark, market analysis helps make informed predictions about its future trajectory.

Bitcoin (BTC) might have shown strength after successfully defending the $28,000 support amid unfounded rumors regarding Binance, but an interesting development to note is BTC is becoming less correlated to traditional markets after the U.S. Federal Reserve elected to provide emergency liquidity to banks. 

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