Day: April 1, 2026

Bitfarms Shares Soar Despite Net Loss Amid AI Transition

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Bitfarms (BITF) shares climbed 6.6% on Tuesday despite reporting a widened $284.5 million net loss for 2025, driven by a decline in Bitcoin prices and a high cost of revenue, with the company advancing its pivot to AI and high-performance computing.  The company’s full-year results statement on Tuesday showed a 72% year-on-year increase in revenue to $229 million. This was outweighed by $248 million in cost of revenue, leading to a gross loss.  General and administrative expenses also increased year over year, while the change in fair value of digital…

SOL Price Drop To $75 Possible As DEX Volumes Plummet

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Key takeaways: Solana outperforms Ethereum in high-revenue DApps, providing a fundamental cushion against recent price drops. Rising Ethereum Layer-2 dominance challenges SOL as traders monitor the critical $80 support level for a retest. Solana’s native token, SOL (SOL), faced an 11% correction following a rejection at $93 on last Wednesday. SOL has lagged the broader cryptocurrency market over the past week, testing the $80 support on multiple occasions. Solana network fees have also declined over the past two months, leading traders to fear a potential retest of the $75 level.…

Bitcoin, Stocks Pile On Gains As US, Iran Consider Ending War

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Bitcoin held gains above $68,000 as investors leaned into news that the US and Iran were ideating ways to end the war. Will markets hold their newfound bullishness? Bitcoin (BTC) briefly jumped to $68,589, and US stock markets rallied as investors reacted to US President Donald Trump’s statements on considering options for ending the US and Israel-Iran war. Separate, unconfirmed comments attributed to Iranian President Masoud Pezeshkian also suggested that Iran may be looking for ways to end the war.  On Tuesday, reporting from The Wall Street Journal said that…