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🔵 #Bitcoin (BTC) surpassed $55,000, reaching levels not seen since November 2021. & It briefly exceeded $57,000 before settling below that mark.

🔵 The rally is believed to be driven by increased investor confidence in #BitcoinETF's.

🔵 Other major cryptos also saw gains, including #Ethereum, #Dogecoin, #Solana, #Ripple & #Litecoin.

🔵 #Memecoin #PEPE experienced the largest gain, jumping over 51% in 24 hours.

🔵 #Worldcoin (WLD) experienced the biggest loss, dropping nearly 10% in 24 hours.

🔵 The global #cryptomarket cap reached $2.14 trillion, marking a 7.36% gain in the past 24 hours.
BlackRock’s iShares Bitcoin Trust (IBIT) reached $10 billion in assets in just over seven weeks, outpacing the first U.S. gold ETF's two-year journey to the same milestone.

This rapid growth highlights Bitcoin ETFs' soaring popularity and a potential shift in investment preference from traditional gold to digital assets.

The achievement underscores a growing investor interest in cryptocurrency as a viable asset class, challenging gold's long-standing status as a safe-haven investment.

#BitcoinETF #GoldETF #Coinpedia #Cryptocurrency #Bitcoin #ETF
#Bitcoin achieves a record high surpassing $71,209 on #Coinbase.

🔵 Factors driving the surge include

• Increased investment in new spot Bitcoin exchange-traded funds (#ETFs) and anticipation of interest rate reductions by the US Federal Reserve.

#FED #BitcoinETF #ATH #CryptoNews
Breaking down #Bitcoin:

As of February 2024, individuals hold the lion's share at 57%, while 'lost' bitcoins account for 17.6%.

The 6.6% of supply is to be mined.



#BTC #BitcoinETF #SatoshiNakamoto #Cryptocurrency #Coinpedia
Crypto News of the Week

1. #SEC lawyers resigned after a federal judge sanctioned them in a $49M crypto fraud case

2. #BlackRock's IBIT fund hits 70-day inflow streak, tying with JETS. Scammers exit #solanameme projects

3. #ShibaInu raises $12M for blockchain security. Grayscale files for smaller #BitcoinETF with lower fees

4. #NYSE mulls 24/7 stock trading. Railgun denies laundering claims. #Kraken unveils self-custodial mobile wallet

5. Akira ransomware group linked to 250+ breaches. Hong Kong arrests 70 in JPEX crypto scandal

6. Ernst & Young unveils #Ethereum solution for business contracts. "Jay Mazini" sentenced to 7 years

7. #Bitcoin rollups enable limitless smart contracts. Nubank adds Bitcoin withdrawal/deposit feature

8. #Tether freezes wallets amid Venezuela's oil sanctions. #Binance founder faces DOJ's 3-year sentence recommendation

9. SEC demands $5.3B from Terra and Do Kwon over failed Terra #blockchain