The price of the leading cryptocurrency Bitcoin surged over 23% this month, crossing the $52,000 mark for the first time since December 2021. 12% of the surge came during US trading hours, as per a report by Matrixport.

On Sunday, Bitcoin demonstrates resilience with a 1.35% increase, trading at $51,600 on Sunday. This stability comes at a time when the Texas Blockchain Council and Riot Platforms achieve a notable legal victory against US energy regulators, securing a temporary restraining order that underscores the ongoing debate over cryptocurrency mining regulations.

Coinbase recently announced that it would be removing support for native Bitcoin (BTC) payments across its payment platform for merchants, Coinbase Commerce.

In a year marked by Riot Platforms’ remarkable 19% increase in Bitcoin production and the Securities and Exchange Commission’s (SEC) review of Bitcoin ETF options by Bitwise and Grayscale, Bitcoin’s trading activity reveals a tightly bound range between $50,500 and $52,500.

The United States Securities and Exchange Commission (SEC) has opened the floor for public comments regarding a proposed rule change that would allow the listing and trading of options for Bitcoin (BTC) exchange-traded funds (ETFs).

Bitcoin mining operation Riot Platforms made over $280 million last year alone, the company’s 2023 annual report released Thursday, February 22, reveals.

A recent report published by Bitcoin financial services provider Unchained found that 55% of 400 U.S. investors surveyed own Bitcoin.

On Friday, Bitcoin price supported amid Reddit’s strategic investment in Bitcoin and Ethereum highlights growing mainstream acceptance. With the cryptocurrency oscillating narrowly between $51,000 and $52,500, investors and enthusiasts alike are keenly observing for signs of a definitive market direction.

Former United States President Donald Trump said that Bitcoin (BTC) has taken a life of its own as the cryptocurrency continues attracting more daily users.

Block, a payment platform led by ex-Twitter boss Jack Dorsey, has made enormous Bitcoin gross profits in Q4 2023. Block earned $66 million from selling Bitcoin through Cash App, the firm’s recent Q4 2023 earnings report noted.

United States lawmaker Tom Emmer has criticized the Office of Management and Budget’s (OMB) decision to approve the Energy Information Administration (EIA) request to collect data on Bitcoin (BTC) mining firms.

Fidelity’s Director of Global Macro, Jurrien Timmer, has suggested that the Bitcoin (BTC) market cap has the potential to reach a quarter of the “monetary gold” market, hitting an impressive $6 trillion. 

The Texas Blockchain Council (TBC) and crypto miner Riot Platforms sued the US Energy Information Administration (EIA) on Wednesday, accusing the agency of making unlawful data collection demands from the Bitcoin mining sector.

Bitcoin (BTC) mining firm Riot Platforms achieved impressive results in 2023, with total revenues reaching an all-time high of $281 million.

Following NVIDIA’s remarkable fourth-quarter earnings revelation, with revenue leaping to $22.1 billion and earnings per share hitting new highs, the financial sphere is abuzz, significantly affecting sectors beyond traditional markets, notably cryptocurrencies and Bitcoin.