Bitcoin Soars to New Heights as Crypto World Buzzes with Activity
Greetings, and welcome to the latest edition of The Zero Byte Crypto newsletter, formerly known as Chain Reaction. Before we dive into the week’s exciting developments, allow me to share a quick update: I recently participated in a thought-provoking roundtable discussion on Yahoo Finance alongside industry leaders such as Grayscale CEO Michael Sonnenshein, CoinDesk Indices managing director Andy Baehr, and Matt Kohrs, host of the crypto-focused Matt Kohrs show. We delved into topics ranging from spot bitcoin ETFs to the regulation of digital assets and the future landscape of the crypto world. If you’re interested in watching the engaging conversation, you can access it here.
Bitcoin Reaches New All-Time High
The crypto world witnessed a momentous occasion this week as bitcoin’s price surged to a new all-time high on Tuesday. The grandfather of cryptocurrencies briefly touched the $69,000 mark, a level not seen since November 2021. Despite a slight pullback to around $67,000 at the time of publication, bitcoin remains up an impressive 6.5% on the week and a staggering 56% on the month.
Ethereum and Altcoins Follow Suit
Ether, the second-largest cryptocurrency by market capitalization, also experienced significant gains, rising 9.7% on the week to reach $3,800. According to data from CoinMarketCap, the total crypto market cap increased by 7.7% during the same period, reaching a whopping $2.53 trillion.
Smaller tokens, particularly Solana-based dog-themed memecoins, saw renewed interest following the hype that began in December. Bitcoin Blockchain Cryptocurrency Ethereum Solana
3 Comments
Crypto perfume? What’s next, Bitcoin-scented candles?!
Binance is getting into the perfume game now? Talk about diversifying your portfolio!
Is it called Eau de Crypto? I bet it smells like volatility and broken dreams.