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Bitcoin was little changed at $27,900 in the minutes following the roughly in-line report.

The latest price moves in crypto markets in context for April 6, 2023.

Bitcoin miners are posting the largest percentage stock gains on Monday.

Longer-term narratives matter, argues Noelle Acheson, but they don’t set the price. That is set by short-term sentiment, which is both contagious and fickle.

Founded in 2015, Paxful became one of the most popular places to buy bitcoin in Africa and other emerging markets, and it had more than 200 employees. Behind the scenes, though, staff took paid trips to music festivals, bosses fought, dismissals reportedly occurred on a whim, and the smell of cannabis permeated the office.

It's a battle of bulls versus bears as the market gets a grip on reality, says Brent Xu, CEO of DeFi lender Umee. ALSO: CoinDesk columnist Daniel Kuhn writes that Elon Musk had the crypto world's attention again this week, but whether he helps DOGE is questionable at best.

The market cap has increased by 20% this year mainly on account of aggressive issuance on Ethereum's rival, Tron.

ALSO: In his latest Money Reimagined column, CoinDesk Chief Content Officer Michael Casey ties the recent political and regulatory backlash toward the crypto industry to the alleged misdeeds of disgraced FTX CEO Sam Bankman-Fried. Will the current climate drive digital-asset innovation and leadership away from the U.S.?

The FTT exchange token is up 17% on the news.

ALSO: Asia-Based Traders Push Bitcoin Past $30K