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Bitcoin dives again after disappointing jobs report, ending midweek rally | Fortune

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Bitcoin dives again after disappointing jobs report, ending midweek rally | Fortune

Bitcoin was barreling towards its best week in a month, but on Friday that momentum quickly dissipated. Since Wednesday, the largest cryptocurrency slumped roughly 7% to its current price of about $69,000, according to Binance. The downturn occurred following a lower than unexpected jobs report, spooking investors in the traditional stock market and in digital assets. 

“The jobs number impacted all risk-on assets,” said Boris Alergant, head of strategic initiatives at Babylon. “During sell-offs like this, correlations tend to converge and assets move down in unison.”

The pullback for Bitcoin is part of a months-long slide for the crypto industry. Many expected the industry to flourish because of President Donald Trump’s friendly stance toward the sector. Yet, since October, the original cryptocurrency is down roughly 46% from its all-time high of $126,000. 

Friday’s job report did not do the crypto industry any favors. Unemployment rose and jobs were cut more than expected. Other macroeconomic factors are weighing heavily on digital assets, namely the escalating conflict in the Middle East, which President Trump recently described as having “no time limits.” The conflict has skyrocketed gas prices, also contributing to concern among investors. 

The major stock indexes mirrored Bitcoin, rallying in the middle of the week only to sputter on Friday morning. The S&P 500, for example, dropped about 2% following the release of the most recent job numbers after a brief surge on Wednesday. 

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Other cryptocurrencies also dropped as the week drew to a close. Ethereum is down roughly 5% since Thursday to its current price of about $1,970, and Solana is down roughly 5% during that time to its current price of about $85, according to Binance.

One analyst says that things could get worse before they get better. “If the week closes roughly as the market looks now, that would not be a very positive signal,” said Alex Tsepaev, chief strategy officer at B2Prime. “In that case, the price could move lower, and by lower I mean a possible retest of the $60,000 range per Bitcoin.”

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Crypto

Bitcoin Difficulty Climbs 3.87% as Hashrate Slips and Next Cut Looms

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Bitcoin Difficulty Climbs 3.87% as Hashrate Slips and Next Cut Looms

Key Takeaways:

  • Bitcoin difficulty rose 3.87% at block 943488 as hashrate fell 60.45 EH/s; a 15.73% cut is projected.
  • Miners face $30.67 PH/s hashprice and 0.56% fees, pushing firms toward AI over BTC mining.
  • Bitcoin network nears April 19, 2026, adjustment as slower 11:51 blocks signal easing difficulty ahead.

Bitcoin Mining Tightens

The Bitcoin network has logged a total of seven adjustments this year, comprising three increases and four decreases. The most recent reduction, two weeks ago, was sizable, arriving after consecutive gains of 14.73% and 0.45% across the prior two epochs.

Following the latest adjustment, the difficulty rating is now 3.87% higher, making blocks that much harder to discover, and it further stands at 138.97 trillion times more difficult than Bitcoin’s launch.

As of 4 p.m. Eastern time, 181 of the 2,016 blocks in the current epoch have been mined, placing the network roughly 9% of the way toward the next adjustment expected on April 19, 2026. While it remains early and conditions can shift considerably between now and then, current estimates point to a projected 14.27% reduction.

Image source: hashrateindex.com on April 4, 2026.

This outlook stems from a noticeable slowdown in block intervals over the past day, with data from hashrateindex.com indicating an average block time of 11 minutes 39 seconds, well above the expected 10-minute cadence.

Bitcoin’s total hashrate on Saturday, April 4, 2026, via hashrateindex.com.

What’s behind the shift? A decline in hashrate. Bitcoin.com News reported on March 28 that the Bitcoin network’s total computational power had exceeded 1,000 exahash per second (EH/s), or 1 zettahash per second (ZH/s). On that day, hashpower reached 1,022 EH/s, whereas it now sits 60.45 EH/s lower at 961.55 EH/s.

Revenue Compression Tightens the Squeeze

Compressed revenues are likely a key factor behind the downturn, alongside mining operations opting to allocate resources toward artificial intelligence (AI) infrastructure rather than mining BTC in pursuit of stronger returns. An infrastructure provider deploying its megawatts toward AI rather than mining bitcoin can realize significantly higher returns, a dynamic that has persuaded many of today’s operators to redirect their focus.

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A daily hashprice of $30.67 per petahash per second (PH/s) ranks among the lowest revenue levels bitcoin miners have faced since the network’s early years, when bitcoin carried a far smaller valuation. With 106,335 blocks remaining until the next halving, conditions are poised to tighten further.

Ethereum Foundation Reaches 70,000 ETH Staking Target With $93 Million April Deposit

Ethereum Foundation Reaches 70,000 ETH Staking Target With $93 Million April Deposit

The Ethereum Foundation (EF) staked approximately 45,034 ETH on April 3, 2026, bringing its cumulative total to nearly 69,500 ETH…

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Adding pressure, miners cannot rely on fees, which account for just 0.56% of the block reward. In effect, the system appears to be approaching a breaking point. Yet Bitcoin’s difficulty adjustment is engineered for precisely this scenario. If miners exit and hashrate declines, difficulty adjusts downward, drawing participants back with more accessible conditions.

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A Beginner’s Guide to Understanding Cryptocurrency Markets

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A Beginner’s Guide to Understanding Cryptocurrency Markets

Cryptocurrency has rapidly transformed from a niche concept into a global financial phenomenon. With increasing adoption, digital currencies are now being explored not only as investment assets but also as tools for innovation across industries. For beginners and experienced participants alike, understanding the broader cryptocurrency landscape is essential to making informed decisions.

What Makes Cryptocurrency Unique?

Unlike traditional financial systems, cryptocurrencies operate on decentralized networks powered by blockchain technology. This means there is no central authority controlling transactions. Instead, transactions are verified by a distributed network of participants, ensuring transparency and security.

This decentralization is one of the key reasons why cryptocurrencies have gained popularity. It allows individuals to have greater control over their assets and reduces reliance on traditional financial institutions.

The Expanding Crypto Ecosystem

Over the years, the cryptocurrency ecosystem has grown significantly. It now includes a wide range of applications such as decentralized finance (DeFi), non-fungible tokens (NFTs), and blockchain-based gaming.

Each of these sectors contributes to the overall development of the industry. DeFi platforms enable lending, borrowing, and trading without intermediaries, while NFTs redefine digital ownership. Together, these innovations highlight the versatility of blockchain technology.

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Understanding Market Behavior

Cryptocurrency markets are known for their volatility. Prices can fluctuate rapidly due to various factors, including:

  • Global economic conditions
  • Regulatory announcements
  • Technological advancements
  • Market sentiment and speculation

This unpredictability can create both opportunities and risks. While some participants benefit from price movements, others may face losses if they are not adequately prepared.

The Importance of Long-Term Perspective

Many newcomers enter the crypto market with the expectation of quick profits. However, experienced participants often emphasize the importance of a long-term perspective. Instead of focusing solely on short-term price changes, it is beneficial to consider the underlying value and potential of a project.

A long-term approach allows individuals to better navigate market fluctuations and make decisions based on fundamentals rather than emotions.

Spotlight on Emerging Discussions

Within the broader cryptocurrency space, certain tokens and projects frequently become part of ongoing discussions. One such example is ankr crypto. Conversations around ankr crypto often reflect a growing interest in blockchain infrastructure and decentralized cloud solutions. As discussions around ankr crypto continue, they highlight how different projects are contributing to the evolution of the ecosystem in unique ways.

The Role of Technology in Crypto Growth

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Technology plays a central role in the expansion of cryptocurrency. Innovations such as smart contracts, layer-2 scaling solutions, and interoperability protocols are helping to improve efficiency and usability.

These advancements address some of the key challenges faced by the industry, including high transaction fees and network congestion. As technology continues to evolve, it is likely to drive further adoption and open up new possibilities.

Risk Management and Strategy

Given the volatile nature of the market, having a clear strategy is essential. Some common approaches include:

  • Diversifying investments across multiple assets
  • Setting realistic expectations
  • Avoiding impulsive decisions
  • Staying updated with market developments

Risk management isn’t just about keeping losses from happening. It’s also about keeping participation fair and long-lasting.

Security and Awareness

Security is a critical aspect of engaging with cryptocurrencies. Since users have full control over their assets, they are also responsible for protecting them. This includes using secure wallets, enabling authentication measures, and being cautious of scams.

Awareness and education play a significant role in minimizing risks. By understanding common threats and best practices, individuals can safeguard their investments more effectively.

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The Future of Cryptocurrency

The future of cryptocurrency is shaped by continuous innovation and increasing adoption. As more industries explore blockchain technology, the role of digital assets is likely to expand beyond finance.

However, challenges such as regulatory uncertainty and scalability remain. Addressing these issues will be crucial for the long-term success of the industry.

Despite these challenges, the overall trajectory of cryptocurrency remains promising. With ongoing development and growing interest, the ecosystem is expected to evolve in ways that could redefine how value is exchanged and managed.

Conclusion

Cryptocurrency represents a dynamic and rapidly evolving field that offers both opportunities and challenges. By understanding its fundamentals, staying informed about developments, and adopting a disciplined approach, individuals can navigate the market more effectively.

While trends and discussions may come and go, focusing on the broader principles of technology, utility, and risk management can provide a solid foundation. As the digital economy continues to grow, cryptocurrency is set to remain an important part of the financial landscape.

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Charles Schwab Announces Crypto Accounts Are ‘Coming Soon’

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Charles Schwab Announces Crypto Accounts Are ‘Coming Soon’

Key Takeaways:

  • Charles Schwab is launching direct Bitcoin and Ether trading for its 46 million clients.

  • With $12 trillion managed, Schwab’s entry proves direct crypto demand rivals ETFs.

  • CEO Rick Wurster indicated that demand for direct crypto holdings is present among customers.

Charles Schwab To Allow Direct Cryptocurrency Trading With Crypto Accounts

While the cryptocurrency markets are not enjoying their most booming phase, institutions are still interested in adding crypto to their investment offerings.

Charles Schwab, a brokerage institution managing over $12 trillion for more than 46 million customers, has announced that it will include cryptocurrency trading services directly from its platform. On its webpage, it disclosed that “Schwab Crypto,” in the form of cryptocurrency trading accounts offered by Charles Schwab Premier Bank, SSB, would be “coming soon.”

While details are scant at the moment, the page did specify that Bitcoin and Ether would be the specific crypto assets offered at launch, and that the service will be available in neither New York nor in Louisiana.

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The move was anticipated by the institution’s CEO, Rick Wurster, last month, when he highlighted that while the cryptocurrency fever had subsided, a significant number of its customers were still seeking to directly hold cryptocurrencies, even when having other proxy investment options like exchange-traded funds (ETFs) at their disposal.

He declared:

“Clients are still interested in it. We think it’ll round out our offering. And I think how blockchain and tokenization play out is still to be determined.”

Charles Swab has proven to be a pro- crypto company, being involved in plans to launch a Trump Media ETF offering in partnership with Crypto.com, offering custody to up to $250 million.

The institution recently acquired Forge, a private markets exchange, with the intention of broadening access to pre-IPO company shares.

In the same way, the institution has not ruled out executing crypto-related acquisitions to expand its digital asset footprint, with Wurster stressing that it would consider it “if the right opportunity presented itself at the right price” in December.

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