KEY TAKEAWAYS

Bitcoin rose to an all-time high above $69,000 last week and surged above $72,000 on Monday morning, as spot bitcoin ETF activity has remained high.

MicroStrategy bought more bitcoin, propelling its stock, while Blackrock's spot bitcoin ETF IBIT continues to see big inflows.

After the SEC announced a settlement with former crypto exchange ShapeShift, two commissioners from the agency questioned the lack of regulatory clarity for the industry in the U.S.

In a congressional hearing, Federal Reserve Chairman Jerome Powell indicated the central bank is nowhere near implementing a central bank digital currency.

This week, some of the attention may move from Bitcoin to Ethereum, as the alternative crypto network is scheduled to have its Dencun upgrade.

By  KYLE TORPEY

Published March 11, 2024