The Block
The market capitalization of the world’s foremost cryptocurrency reached a new all-time high of $1.303 trillion in U.S. dollar terms.Bitcoin’s previous market capitalization peak was in November 2021.
Memecoins are ‘rallying hard’ as retail-based market activity increases, analysts said.There are now seven memecoins in the top 100 cryptocurrencies by market capitalization.
Quick Take SEC Chair Gary Gensler is expected to continue pursuing crypto cases following the SEC’s recent victory in a Coinbase insider trading case, according to TD Cowen. TD Cowen anticipates Gensler’s litigation efforts to extend for at least the next two years until his term concludes in June 2026.
Global digital-asset investment products witnessed a record trading volume of $30 billion last week, according to CoinShares.The crypto funds also registered their second-largest weekly net inflows of $1.8 billion, dominated by U.S. spot bitcoin ETFs.
Quick Take With bitcoin approaching all-time highs, Bernstein analysts expect a “big bang” DeFi recovery comes next. The analysts anticipate a broad-based market recovery, with DeFi leading the charge.
Bitcoin has hit an all-time high against the euro and pound.The price of bitcoin surpasesd the $65,000 mark on Monday.
The dollar-pegged stablecoin has a current supply at its all-time high range of around 99.5 billion.Tether, USDT’s issuer, recorded its highest net profit of $2.9 billion in the fourth quarter of 2023, according to its attestation report.
Cathie Wood’s Ark Invest offloaded 217,305 Coinbase shares last week — valued at nearly $45 million as of market close on Friday.Ark also sold $11.4 million worth of Robinhood shares over the same period.
Quick Take The Nasdaq-listed bitcoin mining firm said that it hopes to support the community in getting prepared for the bitcoin halving event that’s expected to occur in April.
Quick Take: A U.S. court ruled that the trading of certain crypto assets on secondary markets are securities transactions. The ruling comes in an insider-trading case against former Coinbase product manager Ishan Wahi, brother Nikhil Wahi and friend Sameer Ramani.
