Posted 3/3/2024, 12:01:02 PM
Bitcoin Soars Past $64,000, Sparking Renewed Crypto Frenzy as Halving Nears
- Bitcoin saw a huge surge this week, accelerating from $50,000 to nearly $64,000, triggering a crypto market frenzy
- Crypto Twitter was abuzz with excitement and speculation about Bitcoin's potential leading up to the halving event in April
- There were many signs of emerging mainstream interest and bull market mania, like friends asking for crypto advice
- Over 4% of all Bitcoin is now held by spot Bitcoin ETFs, removing supply from exchanges
- The Coinbase crash due to 10x normal traffic levels was seen as another sign of the return of a crypto bull market rather than a frustration