ICYMI: Here Are The Top Bitcoin News Today

Apr 1, 2025

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Ibiam Wayas

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Here is a recap of the top Bitcoin news stories that happened in the last 24 hours, in case you missed them.

Trump-backed firm set to launch American Bitcoin mining company

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Publicly traded Hut 8 has announced plans to launch an America bitcoin mining company in partnership with American Data Centers, which is backed by Eric Trump and Donald Trump Jr.

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The partnership with Hut 8 is expected to expand the Trump family’s corporate exposure to the cryptocurrency sector.

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According to the announcement, the Trump-backed company would own a 20% stake in the mining business, while Hut 8 would own 80%.

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On-chain data from CryptoQuant shows that Bitcoin fund market premiums have turned negative.

Bitcoin fund market premiums have turned negative

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The 7-day EMA is also now below zero, all of which shows that the market price of Bitcoin funds is now trading at a discount to their net asset value (NAV).

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At the time of publication, BTC was trading at $83,280, marking a 1.29% increase in price over the last 24 hours.

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