Bitcoin's market dominance climbed above 61% as BTC led crypto market flows. Data also showed Binance-listed altcoins' share of volume hitting 49% in March. Bitcoin dominance climbed to 61% on Wednesday, its highest level since November 2025. The metric has risen from 58.44% at the start of April, proving that the bullish trend continues to favor BTC over the wider crypto market. In the last two months, altcoin volumes on Binance also increased by 49%, while 12.6% of altcoins on Binance reclaimed their 200-day simple moving average (SMA). Bitcoin dominance, one-week chart. Source: Cointelegraph/TradingView Read more
Kirsten Gillibrand said that the US Senate had to address lawmakers potentially getting “rich off of these industries because of their insider status“ before any vote on the CLARITY Act. US Senator Kirsten Gillibrand said lawmakers working towards passage of a digital asset market structure bill likely need to meet three conditions before the chamber could vote on the legislation. Speaking at the Consensus conference in Miami on Wednesday, Gillibrand said she considered addressing consumer protection, illicit finance, and ethics provisions essential before any potential vote on the CLARITY Act. She said that if Congress were to consider those issues, as well as combine the draft of the market structure bill with the version already passed in the Senate Agriculture Committee and ensure ethics language, lawmakers could have a vote “before the August recess,” which begins Aug. 10. “There will be no one voting for this bill if we don’t have an ethics provision,” said Gillibrand. “Because the truth is, is that we ...
The company also announced a new AI energy leasing deal as it continues to diversify into adjacent high-performance computing applications. Investors appeared to disregard Hut 8's reported first quarter 2026 net loss of more than $253 million on Wednesday, lifting the shares of the Bitcoin mining company by more than 33%. Hut 8 attributed the loss to a reduction in the market value of its Bitcoin (BTC) holdings, which fell from a high of over $126,000 apiece in October to a low of $60,000 in February. Revenue for quarter totaled more than $71 million, down by about 22% from the previous period's $88.4 million, according to Hut 8’s earnings statements. Analysts had forecast $78.5 million, according to FactSet. Read more