MicroStrategy co-founder Michael Saylor’s bitcoin position is no longer underwater. With Bitcoin trading for roughly $30,200, and an average purchase price of $29,803 per bitcoin, Saylor is now officially in the green.

Bitcoin's dominance has reached 45%, its highest level since May 2021, as the cryptocurrency's price has surged 82% since the beginning of January. This increase in dominance is unusual as it typically rises when other crypto prices decrease. Digital asset investment products saw inflows totaling $57 million last week, with bitcoin representing 98% of those inflows.

Volumes have increased recently, with Tether Gold commanding the majority of volumes, bucking the previous dominance of Pax Gold. Tether Gold jumped from just a 1% market share of volumes to 85% of volumes last week in what looks to be methodical transactions.

Dive into innovative Mina Protocol, its unique zk-SNARKs technology enabling a lightweight blockchain, and the various use cases of its native token, MINA.

a16z Crypto, the web3 investment arm of Andreessen Horowitz, has unveiled its new "State of Crypto" index, which factors in several adoption and innovation parameters, including the number of active developers, mentions of crypto in academic research, and volumes across decentralized exchange venues. The index declined by 25% while the price of bitcoin is down 55% from its highs in 2021. However, a16z is attempting to illustrate the dichotomy between market cycles and product cycles, according to the firm's chief technology officer Eddy Lazzarin. The firm pointed to the "radical acceleration" of Ethereum scaling solutions and zero-knowledge systems as an example of compounding tech progress.

CleanSpark, a crypto miner, has acquired 45,000 new Bitmain Antminer S19 XPs for $144.9 million, which will nearly double its current computing power, or hashrate, according to a press release. Once delivered and installed, the Antminers will add over 6.3 exahash/second (EH/s) of computing power to CleanSpark's fleet of 6.7 EH/s. The first batch of 25,000 rigs will be ready for delivery in August, and the rest are scheduled for September. CleanSpark aims to have 16 EH/s of computing power by the end of the year. The acquisition announcement comes as bitcoin crossed $30,000 for the first time in nearly a year.

Bitcoin prices have risen above $30,000 for the first time in over eight months, coinciding with the discovery of an indexing bug in the Ordinals protocol, a platform for minting non-fungible tokens (NFTs) on Bitcoin. The bug led to around 1,200 inscriptions being excluded from Bitcoin, but were all valid. Ordinals protocol allows users to create inscriptions on each Satoshi, the smallest unit of Bitcoin, which can act as NFTs. Compared to smart contracting platforms like Ethereum, NFT enthusiasts say storing files on Bitcoin is relatively cheaper. The Ordinals protocol community has put forward two proposals to address the issue.

MicroStrategy's bitcoin holdings are now in the green thanks to the recent rally in the crypto market. Bitcoin is up 1.6% over the past 10 hours and has registered an 82% increase year-to-date. The rise in bitcoin has been linked to the prospect of interest rate increases peaking amid banking stress in the U.S. and across Europe. MicroStrategy's average purchase price of bitcoin was $29,803, and recent purchases have lowered that price. The company and its subsidiaries hold approximately 140,000 bitcoins at an aggregate purchase price of approximately $4.17 billion. Shares in the firm are up 114% year-to-date and are trading at $312.78.

Bitcoin held $30,000 as support before the April 11 Wall Street open, hitting ten-month highs of $30,438 on Bitstamp. Despite the final surge to $30,000 delighting many traders, fresh doubts emerged over the strength of the rally. Some analysts warned of a "bearish divergence" between spot price and relative strength index (RSI) on the daily chart, and a "triple bearish divergence" with on-balance volume (OBV). However, others dismissed the bearish divergence thesis, with one popular trader arguing that Bitcoin was still the best investment allocation for capital, rather than cash or altcoins, at current prices.

Bitcoin (BTC) surpassed $30,000 on April 11, its highest point since June 2022, and was trading at $30,073 with a market cap of $581.7 billion. Ethereum (ETH) gained 3.1% over the past day to trade at $1,917 with a market cap of $230.9 billion ahead of the Shanghai upgrade scheduled for April 12, which is expected to create selling pressure on ETH. The total crypto market cap rose over 4% to $1.24 trillion, and the total crypto market trading volume reached $47.26 billion. Solana (SOL) recorded the highest gains, rising 9.66% over the past day, while BNB, Cardano, and XRP prices climbed by 4% or more over the past 24 hours. The rise in crypto prices comes ahead of key inflation data due to be released later this week, with traders hoping for a pause in Fed interest rate hikes to boost crypto prices further.