Posted 3/4/2024, 1:08:00 PM
Bitcoin Nears All-Time High as Crypto Market Soars Past $2.8 Trillion
- Bitcoin crossed $65,000, coming within 5% of its all-time high price of $69,000
- Bitcoin futures open interest hit a record $27 billion, signaling new money entering the market
- Cryptocurrency market cap exceeded $2.8 trillion, surpassing the previous high of $2.7 trillion
- Meme coins like Pepecoin rallied 30%, extending weekly gains to over 370% amid a risk-on environment
- A U.S. court ruled that trading certain crypto assets on a secondary market constitutes securities transactions