
BTC tops US$34K, marking a 16-month high. Reddit ends its token-based Community Points programme. Lightning Labs’s Taproot Assets to enable RWAs on the Bitcoin network.
Last week’s crypto market prices rose by +9.32%. Volume and volatility also increased by +48.49% and +47.00%, respectively.
Bitcoin’s price has surged to a 16-month high and topped US$34K. A main reason behind this is likely the swell of optimism surrounding spot Bitcoin exchange-traded-funds (ETFs) in the US. For example, there is the recent court ruling in favor of Grayscale that the SEC will reconsider the conversion of GBTC to a spot ETF. Also, BlackRock’s proposed ETF showed up on a Depository Trust & Clearing Corp. website with an assigned unique ID number – something that doesn’t mean its ETF was approved but a step some interpreted as a sign of the company’s confidence.
Bitcoin (BTC) and Ethereum (ETH) rose by +21.2% and +12.4%, respectively, in the past seven days. Other selected top-cap tokens also gained in price.
Selected key categories all increased in terms of market cap, in the past seven days.
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Research and Insights Team
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