Bitcoin's price has rebounded above $28,000 after a brief dip below that level, reaching a high of $28,500. Altcoins have also seen minor gains, with LDO recovering some of its losses from the previous day and STX experiencing the most significant surge. Bitcoin's performance has been calmer following last week's volatility, with the asset spending most of the past several days hovering around $28,000. Ethereum is up 1.5% and trades at $1,860, while Binance Coin is up 1.1% and sits above $310. The total crypto market cap has returned to $1.185 trillion, erasing yesterday's losses.

Bitcoin (BTC) remains the most searched term on Google in the United States, according to Ahrefs data. Even amid discussions about Donald Trump, guns, and other political and entertainment topics, Bitcoin maintains its position as the top search term, with Nevada being the most "Bitcoin-crazy" state in the US. While Donald Trump occasionally surpasses Bitcoin in search volume, this only happened for two days in the last 30 days, when reports of a possible arrest emerged. The primary reason for Nevada's interest in Bitcoin is attributed to lower taxes and local government initiatives to promote innovation, with the state's long-standing gambling reputation also contributing to the success and high interest in Bitcoin. However, a new report from the US Treasury concludes that North Korea and criminals are using decentralized finance (DeFi) services to obtain illicit profits. The report also states that most money laundering, terrorist financing, and proliferation financing occurs using fiat currency or outside the digital asset ecosystem.

Bitcoin (BTC) has surged 70% this year, reaching nine-month highs of over $29,000. Despite the sharp rally, the overall use of leverage remains muted, indicating a low risk of "liquidations-induced" wild price swings. Liquidations refer to the forced closure of bullish long and bearish short positions in leveraged perpetual futures markets. When the degree of leverage in the market is high, short liquidations tend to exacerbate bullish moves, leading to a short squeeze. Similarly, long liquidations exacerbate bearish moves, leading to a long squeeze. However, the ratio between the dollar value locked in perpetual futures and the cryptocurrency's market capitalization has been dropping, signaling low odds of a liquidations cascade. The ratio has stayed low despite recent price consolidation, a sign of low investor risk appetite. Meanwhile, Bitcoin has been locked in a narrow range of $29,000 to $27,000 since March 21.

Bitcoin's market capitalization has reached $544.16 billion as of April 7, surpassing the market caps of several large companies such as Visa and LVMH, and securing the eighth spot on the list. The greater a cryptocurrency's market valuation, the more influential it is thought to be, making market capitalization a crucial factor in ranking various cryptocurrencies.

Solana's price experienced a significant surge of 104% in the first quarter of 2023, outperforming every other cryptocurrency in the top 25, including Bitcoin and Ether.

The transparency of Bitcoin's hashrate, which captures the computational force being used across the network, creates a degree of transparency innate to Bitcoin mining, according to Hut 8 CEO Jaime Leverton. This transparency allows for easy tracking of Bitcoin miners' energy usage, unlike the traditional banking system or hard metal mining.

Bitcoin has been in a major consolidation phase, struggling to break past the $28,000 level but with limited downside volatility. On-chain analysis signals a potential bullish momentum ahead, with the Adjusted SOPR (aSOPR) for Bitcoin suggesting explosive growth.

Lugano has been actively embracing cryptocurrencies and is working towards becoming a hub for digital assets.

On April 4, P2P marketplace Paxful unexpectedly declared the immediate suspension of its platform.