Bitfinex 15% Challenge Winners Receive Rewards

Bitcoin demonstrated notable strength in April with a 14.08% gain, outperforming historical averages. The asset rallied 32% from $74.5K to nearly $98K, showing resilience despite macro uncertainties. Key points: - Price consolidating above $93,340 (short-term holder cost basis) - $95K identified as crucial support level - On-chain metrics remain positive with miners holding positions - Low selling pressure observed This performance follows Bitcoin's impressive showing last week with 7 consecutive green daily closes, the first such streak since November. [Read full analysis](https://blog.bitfinex.com/bitfinex-alpha/bitfinex-alpha-strong-april-close-sets-up-bitcoin-for-summer/)

Bitfinex Alpha provides comprehensive market analysis during a period of significant market volatility: - Bitcoin shows resilience with strong recovery after 32% drawdown - Markets face multiple challenges: * Weakening dollar * Surging Treasury yields * Rising inflation expectations at 1980s levels * Declining consumer confidence Bitcoin recently reclaimed $85K following US tariff pause, with spot-driven buying indicating genuine market conviction. Long-term holders are accumulating while shorter-term participants have exited. [Sign up for Bitfinex Alpha](https://go.bitfinex.com/AlphaSignUpPage) for detailed weekly market intelligence and forecasts.

Panama is positioning itself as a significant crypto destination in Latin America through several key developments: - Panama City now accepts BTC, ETH, USDC, and USDt for tax payments - Zero capital gains tax on cryptocurrency transactions - Clear regulatory framework attracting entrepreneurs and digital nomads Recent ecosystem developments: - Tether invests in Fizen to expand USDt adoption in retail payments - Canary Capital files for Tron-based staking ETF with SEC The city's progressive stance on digital assets and tax policy could serve as a model for crypto adoption in other jurisdictions. [Learn more about Panama's crypto initiatives](https://blog.bitfinex.com/education/is-panama-the-next-hotspot-for-crypto-adoption/)

Ryder Havdale, founder of HIO music app, shares how receiving payment for 1 million Spotify streams led to creating a revolutionary music platform. Key features of HIO: - Artists keep 100% of subscription revenue - Direct music uploads without distributors - Artist-owned and artist-driven model - Direct listener-to-creator support system The platform aims to address traditional streaming's compensation issues by eliminating intermediaries and giving artists more control over their content. [Watch the full interview on Bitfinex Talks](https://youtu.be/F6t58jKNY-M)

Felipe Escudero (@bitnadaoficial) demonstrates how Brazilian communities can drive Bitcoin adoption from the ground up, starting with simple dinner table conversations. Following El Salvador's pioneering Bitcoin implementation, Brazil emerges as a potential next frontier for widespread cryptocurrency adoption. Key points: - Focus on community-led initiatives rather than top-down approaches - Building on El Salvador's successful model - Emphasis on educational grassroots movement Watch the full discussion: [YouTube Interview](https://youtu.be/4W00qHuz-I8)