A strong week for bitcoin miners got even stronger on Thursday, with the share prices of several again posting double-digit percentage gains as bitcoin (BTC) rose more than 2% to $30,500.

Binance, the world’s largest crypto exchange, dominates the crypto market due to the massive trading volumes it records on the exchange. However, Bitcoin spot and derivatives trading volumes on Binance are declining in the last few months.

The global digital asset market is on a surge as investors’ sentiment turns positive after U.S. consumer price jumped less than expected in March. This signaled that the Fed is likely to stop hiking rates after a possible rise in May. Amid the recent surge, Ripple’s native token, XRP price emerged as the leading gainer among the top altcoins.

The London Stock Exchange (LSE) is planning to offer futures and options contracts for Bitcoin, through a partnership with cryptocurrency trading platform, CryptoCompare. The new product will allow institutional investors to gain exposure to Bitcoin without having to own the cryptocurrency itself, and will be settled in cash.

While global stocks struggled in the minutes from the Federal Reserve's last policy meeting, the digital asset market appeared calm. The US dollar reportedly declined as US inflation seems to be softening over the Fed's rate hike cycle ending signals, but Bitcoin continues to print green indexes. Euro registered a 2-½ month high at $1.10, and blue-chip stocks hit a two-decade high. However, investors should be cautious as the US central bank may weigh in to hike rates. Wall Street and European stocks rallied after data suggested cooler-than-expected inflation in March, suggesting that the Fed could halt monetary hardship with a 25 Basis point rate spike in May. The next meeting of policymakers is scheduled around May 2-3.

The Wall Street Journal recently published an article claiming that US authorities had "cracked" Bitcoin's anonymity, but this is a misconception. Bitcoin is pseudonymous, not anonymous, and it has long been noted within the industry. While it is possible to trace someone's identity through wallet addresses, there are still ways to overcome this pseudonymity, such as using Bitcoin mixers. The article highlights how the mainstream media often misunderstands and misreports on the cryptocurrency industry, which has been a long-standing issue for the crypto community.

FTX, a failed cryptocurrency exchange, has recovered around US$7.3 billion in assets and is considering the option of restarting its business, according to one of the firm's bankruptcy attorneys at a court hearing.

Fintech firm Stabolut has launched USB, a fully decentralized, dollar-pegged stablecoin backed by Bitcoin. The stablecoin aims to operate independently of the traditional banking system to protect itself from regulatory crackdowns and uses a unique approach to retain its peg by shorting Bitcoin using derivatives.

It appears that Bitcoin has been showing resilience this year, with YTD gains of over 80% and surpassing major asset classes. According to Bank of America's strategists, a net outflow of $368 million of BTC was sent to personal wallets in the week through April 4, indicating a potential decrease in sell pressure. The trend of moving tokens from crypto platforms to personal wallets typically means that investors are looking to hold them. The BofA strategists also noted that concerns regarding the US regulatory crackdown on crypto exchanges may have contributed to the outflow.