Coinbase and Crypto Markets Show Strength as Bitcoin Nears $96K

Bitcoin approaches $96,000 as the cryptocurrency market demonstrates resilience despite macroeconomic concerns. Key players like Coinbase and MicroStrategy see gains, while Bitcoin Cash leads the rally with a 6.3% surge.

Bitcoin Nears $96K as Crypto Markets Show Resilience Amid Economic Concerns

Bitcoin climbed 1% to $95,400, approaching its February high as the CoinDesk 20 index gained 1.1%. Bitcoin Cash led the advance with a 6.3% surge.

Crypto-related equities saw modest gains, with Coinbase and MicroStrategy rising 0.9% and 3.3% respectively. Janover soared 16% on its Solana accumulation strategy.

The market’s steady performance comes despite growing concerns about the macroeconomic impact of U.S. trade policies. Traders appear to be looking past near-term headwinds as Bitcoin tests key resistance levels.

Coinbase Challenges IRS in Supreme Court Over User Data Privacy

Coinbase has entered a U.S. Supreme Court battle, filing an amicus brief to oppose the Internal Revenue Service’s 2016 demand for customer transaction data. The crypto exchange argues the high court must safeguard privacy rights in the digital age, particularly when personal information is held by third-party platforms.

The IRS initially sought sweeping access to financial records under the "third-party doctrine," which holds that privacy protections diminish once data is shared with intermediaries. Coinbase successfully narrowed the request through legal challenges, limiting the scope of disclosed information. The case now tests the boundaries of government surveillance in cryptocurrency markets.