Crypto News: Bitcoin ATH, ETH, Stocks Rally, WIF, PEPE & MORE!!
Welcome to the Coin Bureau Weekly News Roundup! My name is Jessica and my name is Guy. Here are the top stories in crypto this week:
Bitcoin Breaks Out
Bitcoin has rallied to $64k for the first time in over 2 years, leading to speculation that all-time highs are imminent.
- Investors turning focus to ETH as open interest hits all-time high
- Ethereum prepares for Denune upgrade
Meme Coins Go Parabolic
Dog and frog-themed coins explode while traders look for the next 1,000x. Where can you find the next one?
- Stocks hit new all-time highs
- NVIDIAโs rally leads major indices
Market Update
Last week, BTC almost hit a new all-time high due to spot Bitcoin ETFs with billions of inflows. Bitcoin whales accumulating BTC and possible sell pressure from bankrupt crypto entities.
- Institutional interest and investment continues
- BTCโs rally leaves ETH behind
- Leverage bets on ETH hit highest level ever
Ethereumโs Denune Upgrade
ETH prepares to break above $3,500 with upcoming upgrade benefitting layer 2os. Layer 2 activity on Ethereum rises.
- Total value locked on Ethereumโs layer 2os goes parabolic
- Spot Ethereum ETF approval uncertain
Hot Take
Last weekโs top cryptos: Dog with hat, WIF, Pepe, Flaky, Shinu, and Bonk perform well. Mem coins on Salana and Ethereum see a surge. Small cap stocks could rally as rotation starts from large caps. Bonds and stock indices hit new all-time highs. Cryptos could see further gains if indices continue upward trend.
Insa’s extensive background in the financial realm encompasses roles as a writer, trader, and personal finance coach. Her proficiency spans a wide spectrum, ranging from commodities and indices to forex and cryptocurrencies. Insa’s specialization lies in furnishing strategic investment advice tailored to the fintech investment niche.