Altcoins News
By Sakamoto Nashi
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Institutional Players Double Down. Fidelity Investments said April 3 it's expanding crypto offerings for institutional clients.
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Regulatory Winds Shifting. The SEC's sitting on several Bitcoin ETF applications, and word on the street is decisions are…
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Bitcoin smashed through $73,000 Monday. The cryptocurrency hit $73,250 during early trading as investors basically ignored the Iran situation and kept buying the dip.
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Trading volume exploded 15% in the past day, with futures contracts at the Chicago Mercantile Exchange hitting record levels.
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Fidelity Investments said April 3 it's expanding crypto offerings for institutional clients. The move shows traditional finance is warming up to Bitcoin in a big way.
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El Salvador's finance minister Alejandro Zelaya told reporters the price surge boosted their national Bitcoin reserves.
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Meanwhile, Coinbase saw new sign-ups jump 20% compared to last month. CEO Brian Armstrong said the renewed interest matches broader market enthusiasm for digital assets.
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But Binance stole the show. The platform handled over $50 billion in Bitcoin transactions in 24 hours - one of their highest daily volumes ever.
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Grayscale Investments now manages over $30 billion in Bitcoin assets. CEO Michael Sonnenshein said the firm's doubling down on its long-term Bitcoin strategy.
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Tesla's still holding. Elon Musk's company reaffirmed its Bitcoin position Monday, keeping a chunk of reserves in crypto despite market swings.
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Square Inc. bought another $100 million worth of Bitcoin April 3. CEO Jack Dorsey sees Bitcoin as financial empowerment, and he's putting company money where his mouth is.
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PayPal expanded Bitcoin services to UK customers April 2. CEO Dan Schulman said the move fits their digital commerce vision.
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Hedge funds are jumping in too. Brevan Howard Asset Management plans to boost crypto exposure, with co-founder Alan Howard calling Bitcoin a solid store of value.
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Wall Street noticed. Riot Platforms and Marathon Digital Holdings shares climbed April 3 as Bitcoin mining stocks rode the wave.
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Iran tensions didn't matter much. Oil prices stayed volatile but Bitcoin kept climbing, showing it's pretty much decoupled from traditional markets during this run.
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