Bitcoin's fundamentals held up well during the latest dip, suggesting underlying strength, Swissblock analysts said.

Key takeawaysAs of 2024, around 10% of Canadians held cryptocurrencies, including Bitcoin, positioning the country ahead of Australia, Germany and Norway in adoption.Bitcoin is classified as a commodity in Canada,

Shares of the iShares Bitcoin Trust ETF ( IBIT -2.39%) fell 17% in February, according to data from S&P Global Market Intelligence. The BlackRock exchange-traded fund essentially tracks the price of Bitcoin.

Bitcoin's price was buoyed Wednesday on hopes President Trump would soften the punishing tariffs on key trade partners Canada and Mexico.

Bitcoin jumped more than 6% after Trump announced a one-month delay on auto tariffs for Canada and Mexico, easing market concerns.

Bitcoin sees a strong recovery as altcoins rally, but market uncertainty lingers—analysts offer mixed outlooks on BTC’s next move.

The big three cryptocurrencies are on the move today. Bitcoin ( BTC 2.06%), Ethereum ( ETH 2.14%), and Dogecoin ( DOGE 1.58%) are up 2.3%, 2.6%, and 1.7%, respectively, as of 12:30 p.m. ET. Earlier in the day, however, they were up as much as 6.1%, 5.5%, and 4.4%.

A Canada-based crypto mining company is acquiring ... from the coal-fired stations to power its energy-intensive bitcoin mining operations. Bitfarms already has a presence in Pennsylvania, having ...