🌙 Bitcoin Rockets To $44k

Bitcoin, up more than 160% year to date, has plenty of steam left in this rally, analysts say.

Author

Mike Gavela
December 05, 2023

Crypto Roundup - Dec 5

Bitcoin recently surpassed $43,000, reaching its highest value since April 2022, driven by expectations of spot ETF approvals and favorable market conditions. Altcoins, however, are trailing behind, with Bitcoin's market dominance hitting a yearly high of 55%. In response, retail interest in cryptocurrencies has surged, as evidenced by a notable increase in trading volumes on platforms like Robinhood. Meanwhile, Coinbase has launched a new service enabling money transfers through popular messaging and social media platforms in over 170 countries, promoting instant, cost-free transactions.

Top Stories:

  • Bitcoin Rallies Above $43,000: Bitcoin surges past $43,000, marking its highest value since April 2022, with ETH also seeing significant gains.

  • Coinbase Introduces Money Transfer Service: Coinbase rolls out a new feature for transferring money via messaging and social media platforms, available in over 170 countries.

  • Retail Interest in Crypto Rises: Retail investors show renewed interest in crypto, with trading volumes on platforms like Robinhood significantly increasing.

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TOP STORIES

Bitcoin Rockets To $44,000 - The Defiant

Robinhood sees a spike in crypto trading activity as retail investors return.

thedefiant.io/bitcoin-rockets-to-usd44-000

Coinbase rolls out money transfers via links sent on WhatsApp, TikTok and Instagram

If two parties both possess Coinbase Wallet they can send money to each other instantly and for free, the company announced.

www.theblock.co/post/266175/coinbase-rolls-out-money-transfers-via-links-sent-on-whatsapp-tiktok-and-instagram

BlackRock, Bitwise File Updated Applications for Spot Bitcoin ETF

BlackRock’s amended filing included clarifications on topics such as the Trust’s structure and potential regulatory impacts on it.

www.coindesk.com/business/2023/12/05/blackrock-bitwise-file-updated-application-for-spot-bitcoin-etf

FUNDRAISES

Crypto data platform startup Shadow raises $9 million in Paradigm-led seed round

Shadow says the platform can be used to help address problems frequently seen by onchain analysts and researchers.

www.theblock.co/post/265947/crypto-data-platform-startup-shadow-raises-9-million-in-paradigm-led-seed-round

OTHER HEADLINES

This Bitcoin Rally Feels Different. FOMO and YOLO Seem to Be Back

BTC just hit $45,000 days after topping $40,000 for the first time since early last year – and crypto-skeptics are taking another look.

www.coindesk.com/business/2023/12/06/this-bitcoin-rally-feels-different-fomo-and-yolo-seem-to-be-back

How Tether traders are signalling that crypto prices will go even higher

Growing stablecoin popularity is signalling return of liquidity to crypto markets.

www.dlnews.com/articles/snapshot/tether-traders-signal-that-crypto-prices-to-go-even-higher

Pyth Oracle Network Brings Industry Heavyweights Into Governance Post-Airdrop

The low-latency oracle network's new "strategic partners" include Castle Island Ventures, Multicoin Capital and Wintermute Ventures. They could play a major role in shaping how the platform evolves.

www.coindesk.com/tech/2023/12/05/pyth-oracle-network-brings-industry-heavyweights-into-governance-post-airdrop

First Mover Americas: BlackRock Received $100K Seed Funding for Its Spot BTC ETF

The latest price moves in crypto markets in context for Dec. 5, 2023.

www.coindesk.com/markets/2023/12/05/first-mover-americas-blackrock-received-100k-seed-funding-for-its-spot-btc-etf

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