‘Groundhog Day’ in Crypto as Bitcoin Again Plunges Following New Record
Bitcoin briefly rose above $70,000 Friday, but immediately tumbled to $67,000, repeating Tuesday’s action.
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Ether Hits $4K for First Time in More Than Two Years
The second-largest cryptocurrency last surpassed that level in December 2021.
U.S. Added 275K Jobs in February; Unemployment Rate Unexpectedly Rose to 3.9%
So far in 2024, bitcoin’s concerns about the path of the economy or interest rates have taken a back seat to the overwhelming demand from the spot ETFs.
First Mover Americas: Ether Approaches $4K
The latest price moves in bitcoin (BTC) and crypto markets in context for March 8, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Coinbase Upgraded to Neutral as Goldman Sachs Ends Bearish Stance
The bank lifted its rating on the stock after bitcoin hit record highs and the crypto exchange’s trading volume reached levels not seen since 2021.
Bankrupt Cryptopia Exchange to Return Crypto to Some Creditors
The New Zealand exchange went offline in 2019 following a cyber attack that saw millions of dollars worth of tokens stolen.
PEPE Leads Meme Coin Rally as Ether Nears $4K
Traders have been using meme tokens as a proxy bet on the growth of Ethereum or other blockchains.
Stablecoin Project Ethena Labs Bags $4M for USDe Treasury
The stablecoin earns yield by shorting ether futures and capturing funding rates – which have surged in the past two weeks.
Bitcoin Is Unlikely to Match Gold’s Allocation in Investors’ Portfolios in Nominal Terms: JPMorgan
The bitcoin spot ETF market could grow to around $62 billion in the next two to three years, the report said.
Optimism Sells $89M OP Tokens in Private Transaction
The tokens have been sold to an undisclosed buyer and will be vested for two years.