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Bitcoin News Roundup for April 28, 2020

Bitcoin could hit $8K soon while Indonesia has created a thornless durian. It's CoinDesk's Markets Daily Podcast.

Updated Sep 14, 2021, 8:34 a.m. Published Apr 28, 2020, 4:00 p.m.
MD FEB 27 RELEASE

Bitcoin could hit $8K soon while Indonesia has created a thornless durian. It's CoinDesk's Markets Daily Podcast.

STORY CONTINUES BELOW
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Todays stories:

Bitcoin Rally Pauses Near $7.8K After Longest Winning Run in 8 Months

DeFi Project dForce Refunds All Affected Users After $25M Hack

Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower

Indonesia grows thornless durians after 12 years of experimenting

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KuCoin Hits Record Market Share as 2025 Volumes Outpace Crypto Market

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KuCoin captured a record share of centralised exchange volume in 2025, with more than $1.25tn traded as its volumes grew faster than the wider crypto market.

What to know:

  • KuCoin recorded over $1.25 trillion in total trading volume in 2025, equivalent to an average of roughly $114 billion per month, marking its strongest year on record.
  • This performance translated into an all-time high share of centralised exchange volume, as KuCoin’s activity expanded faster than aggregate CEX volumes, which slowed during periods of lower market volatility.
  • Spot and derivatives volumes were evenly split, each exceeding $500 billion for the year, signalling broad-based usage rather than reliance on a single product line.
  • Altcoins accounted for the majority of trading activity, reinforcing KuCoin’s role as a primary liquidity venue beyond BTC and ETH at a time when majors saw more muted turnover.
  • Even as overall crypto volumes softened mid-year, KuCoin maintained elevated baseline activity, indicating structurally higher user engagement rather than short-lived volume spikes.

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Bitcoin pushes above $90,000 as traders eye change in pattern

A Wall Street banks's take on crypto. (Midjourney/Modified by CoinDesk)

Particularly hard-hit in 2025's final sessions, crypto-related stocks are bouncing in this year's first trading day.

What to know:

  • Bitcoin rose above $90,000 during U.S. trading hours on Friday.
  • It's a notable change in trend, as crypto prices late in 2025 were typically on the defensive while American stocks traded.
  • Strategy, Coinbase, Hut 8 and Galaxy Digital were among the crypto-related stocks seeing strong gains.