The recent Bitcoin monthly returns reflect the digital asset’s resilience amidst market volatility. Starting the year on a positive note, January saw a modest +0.87% return, while February’s bullish momentum propelled a significant +44% gain. March’s return was +16.3%, pushing Bitcoin’s year-to-date (YTD) return to +35.1%. However, April brought a decline, with returns dropping by -14.7%.

Several significant events have influenced Bitcoin’s performance, including Tether’s acquisition of 8,889 BTC to bolster its reserves, Bitcoin’s halving, and Asia’s first spot Bitcoin ETFs starting trading in Hong Kong.

In terms of individual crypto performance since reaching their all-time highs (ATHs), Bitcoin (BTC) is currently down by -6.9%, while Ethereum (ETH) is -28.6% from its ATH. Binance Coin (BNB) has seen a -14.4% decline, and other major coins like XRP and Dogecoin (DOGE) are down -82.2% and -73.8%, respectively.

These trends highlight the ongoing volatility and the importance of timing in the cryptocurrency market, underscoring the challenges and opportunities for investors navigating the digital asset landscape.

Disclaimer: Market capitalizations and data can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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BIGCAP COINS:

1. Bitcoin: Market Cap of $1.1 Trillion.
2. Pepe: Market Cap of $2.9 Billion.
3. Solana: Market Cap of $55.1 Billion.

MIDCAP COINS:

1. Ethena: Market Cap of $1.1 Billion.
2. Meme Ai: Market Cap of $2.9 Million.
3. Renzo: Market Cap of $160 Million.

RISING COINS:

1. OpSec: Market Cap of $75.5 Million.
2. Node AI: Market Cap of $96.9 Million.
3. MAGA: Market Cap of $173 Million.

Disclaimer: Market capitalizations can vary in real-time. The information provided here is intended purely for educational purposes and should not, under any circumstances, be construed as financial advice.

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Company Name: DEMAND

Founders: Alejandro De La Torre and Filippo Merli

Date Founded: 2023

Location of Headquarters: Lisbon, Portugal and Florence, Italy

Amount of Bitcoin in Treasury: “Currently being bootstrapped”

Number of Employees: 2

Website: https://www.dmnd.work/

Public or Private? Private

Alejandro De La Torre is deeply concerned that Bitcoin mining is too centralized, and he’s on a mission to change that. This is why he started DEMAND, a Bitcoin mining pool that puts power back in the hands of independent Bitcoin miners.

Before getting into how DEMAND works, though, it’s important to understand what De La Torre has learned from his time in the Bitcoin mining industry so as to…

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Tether Holdings, the creator of the leading stablecoin USDT, has announced a staggering net profit of $4.52 billion for the first quarter of 2024, showcasing a robust financial performance. This remarkable profit includes about $1 billion from operations related to U.S. Treasury holdings and $3.52 billion from market-to-market gains on Bitcoin and gold positions. Additionally, the company’s net equity surged to $11.37 billion as of March 31, up from $7.01 billion at the end of December 2023, according to their latest attestation report.

The firm’s financial health was further highlighted by the issuance of $12.5 billion in USDT during the quarter, confirming its dominance with a market cap exceeding $110 billion. Tether also reported an increase in excess reserves by $1 billion, totaling nearly $6.3 billion, which serves as a financial cushion for its stablecoin operations. These robust reserves exceed the liabilities, which were reported at over $104 billion in relation to the digital tokens issued, by more than $6.2 billion, underscoring the strength and reliability of Tether in the cryptocurrency market.

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MicroStrategy, a leading enterprise business intelligence firm that has emerged as a pioneering Bitcoin advocate among public companies, is hosting its Bitcoin For Corporations conference starting today. The event is taking place May 1 – May 2, 2024 in Las Vegas, NV will feature industry leaders discussing how corporations can adopt Bitcoin as a treasury asset.

MicroStrategy has bought over 1% of the total Bitcoin supply since first purchasing BTC in 2020. The company recently added 122 more bitcoins in April, now holding an astonishing 214,400 BTC worth billions. Its Bitcoin strategy has multiplied MicroStrategy’s enterprise value and blazed a trail for corporate Bitcoin…

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