Bitcoin finally broke above $40k this week, surging on the back of rising expectations for ETF approval, Fed rate cuts, and hype building toward the upcoming Bitcoin Halving. The rally continued as Bitcoin tapped $44k briefly before stabilizing around $43k. With the surge, popular critics from traditional finance resurfaced, calling Bitcoin a bubble...
But Bitcoin seems less reactive to this narrative and regulatory scrutiny compared to the past.
This pump signals Bitcoin's growing resilience as adoption reaches new highs. As the crypto market continues hitting fresh milestones, we're here today to cover the top news stories driving the latest moves. In this issue:
Bitcoin futures open interest nears record highs on CME, matching BTC's ascent over $43k. Is this pointing to renewed institutional hype? ??
Hashdex predicts regulatory barriers pierced by Q2 2024, unlocking trillions for crypto from asset managers and pension funds. Will we see a 2024 bull run? ??
Coinbase CEO states no plans for a native Base token - layer-2 network moves forward without a coin, for now at least ?
Jamie Dimon claimed crypto's main use case is criminal activity, despite JPMorgan embracing blockchain tech. ??
Bitcoin’s “Not” Dead ??
BTC just pulled a Lazarus in Q3, rising from $25k to almost $44k. Turns out those "Bitcoin is dead" memes were a tad premature.
Week in Crypto: Bitcoin Hits $43K, Bitcoin Ordinal's Future Uncertain, Do Kwon Faces Extradition Yousra Anwar Ahmed Fri, December 8, 2023 at 7:07 PM GMT+6·8 min read In this article:
- COIN +7.66%
Bitcoin finally broke above $40k this week, surging on the back of rising expectations for ETF approval, Fed rate cuts, and hype building toward the upcoming Bitcoin Halving. The rally continued as Bitcoin tapped $44k briefly before stabilizing around $43k. With the surge, popular critics from traditional finance resurfaced, calling Bitcoin a bubble...
But Bitcoin seems less reactive to this narrative and regulatory scrutiny compared to the past.
This pump signals Bitcoin's growing resilience as adoption reaches new highs. As the crypto market continues hitting fresh milestones, we're here today to cover the top news stories driving the latest moves. In this issue:
Bitcoin futures open interest nears record highs on CME, matching BTC's ascent over $43k. Is this pointing to renewed institutional hype? ??
Hashdex predicts regulatory barriers pierced by Q2 2024, unlocking trillions for crypto from asset managers and pension funds. Will we see a 2024 bull run? ??
Coinbase CEO states no plans for a native Base token - layer-2 network moves forward without a coin, for now at least ?
Jamie Dimon claimed crypto's main use case is criminal activity, despite JPMorgan embracing blockchain tech. ??
Do Kwon's extradition path takes a turn
UK regulator puts Poloniex, owned by Justin Sun, on warning list
LayerZero confirms 2024 token airdrop plans to address rampant rumors and speculation ??
Spanish authorities arrest a man alleged to have coached North Koreans on crypto sanctions evasion ??
Bitcoin Core bug fix may halt new Bitcoin NFTs and memecoins ??
We're diving deeper into each of those stories today. Let's get to it!
