Although there were many starts and stops, the cryptocurrency market’s phenomenal upward trajectory continued this week, with a few problems along the way.
CryptoPunk sold for a huge price on Monday. $16.03 million At the time of sale, its ETH value was the second highest among the collection of blue-chip Ethereum NFTs. Cryptocurrency users welcomed this event with signs such as: struggling for a long time The NFT market could join the bull market that is currently sending many cryptocurrencies skyrocketing.
Things got even more frantic on Tuesday when Bitcoin briefly surpassed its all-time high. $69,000 or more. that It was a cathartic moment that validated the faith of Bitcoin advocates, who have remained steadfast through several harsh cryptocurrency winters.
Some Bitcoin maximalists have taken the opportunity to pin Bitcoin on haters with little regard for humility or decency.
By the weekend, Bitcoin had not only hit an all-time high; $70,000—But so does ETH exceeded $4,000Solana then threw a short punch. $150 or moreIt has created excitement and buzz across cryptocurrencies.
There were so many changes for BTC $70,000 and ETH $4,000 in all my charting software, notification services, etc that it crashed my browser 🤣😅
— Adam Cochran (adamscochran.eth) (@adamscochran) March 8, 2024
Everyone seems to have enjoyed the heat, except for Coinbase, which has experienced numerous consecutive declines. crash and failure For a record week.
Some people took the series of service outages in good faith, joking that this was not a major price milestone for the cryptocurrency unless Coinbase went down.
But others were less enthusiastic about financial services providers repeatedly glitching major trading events.
It quickly became a joke (or conspiracy theory) that Coinbase, like Robinhood, was intentionally restricting its platform to prevent trading during certain moments of market volatility. stop trading While interest in GameStop stock is exploding in 2021.
No evidence has yet emerged to support claims that Coinbase intentionally crashed its own platform. Brian Armstrong, CEO of the exchange, said: I said it last week This outage is said to have been caused by an unprecedented surge in user traffic.
Edited by Ryan Ozawa.
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