Bitcoin Financial News

Canadian Bitcoin exchange-traded fund (ETF) holdings have increased to all-time highs according to recent research, and spot-based products are leading the way.

Despite the canceled merger between Gryphon Digital Mining and Sphere 3D, the two firms still intend on building out carbon-neutral Bitcoin mining operations.

Cryptocurrencies traded in the green early on April 5. The global crypto market cap is $2.16 trillion, a 0.72 percent increase over the last day. The total crypto market volume over the last 24 hours is $107.37 billion, an increase of 13.99 percent.

You may have seen analysts, traders, and builders boldly claiming that 2021 was crypto’s “breakout year.” It’s certainly hard to deny, when considering the explosion of press and memes that came with the rise of dog-themed coins and then ape-themed NFTs. But how to prove this?

The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this time, Bitcoin (BTC) presented a 2.6% negative performance, although that was more than offset by the gains from altcoins.

The cryptocurrency market rally that began on April 1 ran into tough resistance on April 4, sparking a market-wide pullback during the afternoon session after exhausted bulls were overwhelmed by bears who managed to push Bitcoin (BTC) below $45,200. 

On 1 April 2022, the Bitcoin network reached a milestone after records showed that 19 million Bitcoin got minted. However, with nineteen million Bitcoin in circulation, two million Bitcoin remain out of the circulation circle. Following this, BTC’s network hashrate reciprocated the bullishness as it reached an ATH. 

Bitcoin (BTC) has been stuck between $45,400 and $47,500 for the past two days, indicating a tough tussle between the buyers and sellers as both attempt to establish control over the trend.

On Monday, semiconductor manufacturing titan Intel unveiled its new Bitcoin (BTC) mining chip, Blockscale. The application-specific integrated circuit, or ASIC, hardware is designed to operate on proof-of-work blockchains using SHA-256 encryption.

Inflows into digital asset investment products reached USD 180m last week. The figure marks a decline from a revised number of USD 244m the week before, when inflows reached their highest level since 2021, according to the crypto investment firm CoinShares.

Europe is lagging behind the global average for cryptocurrency adoption but one European country was the most "curious" in the world about learning more about crypto, a global survey suggests.

Bitcoin, the largest cryptocurrency, seemingly consolidating around the $47k mark according to CoinMarketCap. It traded at the $46.8k mark at press time after recording a 0.5% correction in 24 hours. So BTC’s price might be consolidating or even reaching a short-term top. But that doesn’t stop holders to continue their march. 

Bitcoin (BTC) traded in uncertain territory on April 4 as the Wall Street open failed to unleash bullish continuation.

In response to the Treasury’s consultation launched in January 2021, Glen told IFGS attendees “today we are publishing our response, as part of which I can confirm that we will be legislating to bring certain stablecoins into our payments framework, creating conditions for stablecoin issuers and service providers to operate and grow in the UK.”

Ethereum (ETH) has launched Kiln, the final testnet its development community will use prior to the blockchain network's long-awaited transition to a proof-of-stake (PoS) consensus mechanism. Now that Kiln has gone live, it should be more or less only a matter of time before Ethereum will complete its ‘merge’ with the PoS beacon chain, which is due in Q2 2022.

Bitcoin (BTC) mining in Norway is 100% renewable and “flourishing” according to a report by Arcane Research. 

An analysis of Bitcoin Sentiment revealed a substantial improvement in the overall perception from ‘extreme fear’ to ‘neutral’ over the last month. Further, the correlations of other alts to Bitcoin also improved during this time.

The cryptocurrency hardware wallet provider Ledger has partnered with The Sandbox blockchain game to promote crypto education in its virtual world.

The Bitcoin (BTC) community is at it again, dismantling FUD and orange-pilling officials in far-flung destinations. 

Bitcoin broke out of its narrowest trading range in months in the waning days of March following a rough start to the year. Now, as the digital token approaches another key trendline, investors are wondering whether they're being set up for disappointment again. With the largest cryptocurrency settling in near the top of the $30,000 to $50,000 range he predicted just weeks ago, Michael Novogratz said Thursday that he was «more constructive» on crypto while also not providing a new forecast. The billionaire investor had warned earlier not to expect big gains in 2022 with the Federal Reserve raising interest rates. Bitcoin traded within 10% of its 50-day average price for 51 days through March 26, the longest stretch of tight trading since July 2020, according to data compiled by Bloomberg. The breakout last weekend wiped out losses for the year but left Bitcoin still trading about 30% below its record high set in November.

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