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Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge

Photo for the Article - Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge

Welcome to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.

Crypto Price Update

Photo for the Article - Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge

Market News

  • Bitcoin surged to a 2-year high of over $57,000, surpassing previous estimates around $53,000. This marks a significant gain, pushing Bitcoin closer to its record high of $67,352 set in November 2021.
  • Ethereum reached fresh new highs, now trading at $3,247.
    • The Dencun upgrade is now on testnets and will be activated on March 13.
  • Stablecoins win 60% of crypto volume.

Memecoins Rally

Photo for the Article - Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge
  • Memecoins are in the spotlight, with PEPE leading the charge with a 51% rally.
  • Solana-based WIF have rallied significantly as well by 65%, while the entire memecoin category increase by an average of 13% in the last 24 hours.

Philippine Crypto News

  • Coins.ph unveils Learn and Earn promo for Coreum.
  • Ownly says new website coming soon as it sets to unveil “OwnChain”
Photo for the Article - Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge
  • Scarletbox to work with Eastwood City Walk of Fame.
Photo for the Article - Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge
  • PDAX in RWA (Real World Assets Tokenization) panel with IX Swap.
Photo for the Article - Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out as Memecoins Surge

Investments and Acquisitions

  • BlackRock Bitcoin ETF hits record of over $1.3 billion for second consecutive day.
  • Justin says he owns $1.6 billion worth of Bitcoin.
  • Binance Labs invests in Babylon, a Bitcoin staking protocol.

Noteworthy

  • Bitcoin-focused payments app Strike rolls out service in Africa.
  • Uniswap releases new tool for swappers.
  • OKX opens crypto exchange in Turkey.
  • Lens Protocol goes out of beta and goes permissionless.
  • Gauntlet Network ditches Aave and moves to rival lender Morpho.
  • Frax Finance is considering a Uniswap-like reward system for stakers.

Watch: BitPinas Webcast Recap

Crypto News Recap: Solana's Surge, Crypto Grassroots, and Listings | BitPinas Webcast  41

This article is published on BitPinas: Key Points | Feb. 28, 2024 | Bitcoin Price Breaks Out

Disclaimer:

  • Before investing in any cryptocurrency, it is essential that you carry out your own due diligence and seek appropriate professional advice about your specific position before making any financial decisions.
  • BitPinas provides content for informational purposes only and does not constitute investment advice. Your actions are solely your own responsibility. This website is not responsible for any losses you may incur, nor will it claim attribution for your gains.

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