Crypto Market Update 02-03-24

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Happy Saturday everyone!

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What a week this was 🔥🔥 We even had to take a breath so we're only back today. The crypto world is getting hotter by the week and we can feel that the bull is on the loose! 🐂 This is your weekly recap 😎📰

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Last 7 Days Market Performance 

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Bitcoin is up 21%, now at $ 61,940.00 📈

Ethereum is up 14.2%, now at $ 3,430.00 📈

Total crypto market cap: $ 2.44 Trillion

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Fact for the week 🤔:

⚽ In South Korea, sporting events uniquely see women making up 55% of pro sports fans, a stark contrast to Europe, US and pretty much the rest of the world. This unique stat is thanks to a family-friendly atmosphere and a vibrant fan culture that elevates K-pop musicians and athletes to national hero status. The phenomenon was reported by the New York Times and based on 2022 data. 🏃
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Onto this week’s updates 🚦

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🔴 Sam's Prison Consulting 👮

From his cell in the Metropolitan Detention Center in Brooklyn, Sam Bankman-Fried, once a big name in crypto, now gives tips on crypto investments like Solana’s token SOL to prison guards, showing he's still into the crypto world despite his troubles. His move from big boss to prison advisor has everyone talking and as the saying goes “the bigger they are, the harder they fall”. 🙃
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🟡 Satoshi's Billionaire Rise📈

Satoshi Nakamoto, the creator of Bitcoin, saw his fortune soar to approximately $51.56 billion, positioning him as the world’s 26th wealthiest person. Despite this vast wealth, held across thousands of wallets, this enigmatic figure has never touched his bitcoin’s since 2011. Bitcoin’s creator enigma might be one of the most mysterious stories ever. 🤫
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🟢 Bitcoin tops $62,000 🚀

Bitcoin concluded its best performing month since 2020 hitting $62,000. This price increase was driven by demand for new exchange-traded funds (ETF’s) and anticipation of the bitcoin halving, which historically boosts prices. February's surge also marked a record for bitcoin ETF inflows, highlighting investor optimism and the impact of supply and demand dynamics on cryptocurrency valuations. The bull is on the loose. 🐂

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🎬 This was an impressive week, confirming that the bull market is definitely here. Position yourself accordingly because if history repeats itself, it could be a unique time to keep an eye on the crypto sector. 🔥

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And you can always find us at lympid.io ✅

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Lympid: Crypto interests on a trusted, regulated platform

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Talk next week 👋