Ethereum performed exceptionally well in January and February buoyed by growing optimism for the spot ETF. Investors turned to Ethereum following the approval of Bitcoin ETFs, with many believing that it will not be long until the Securities and Exchange Commission (SEC) considers a spot ETH ETF.

In addition to the ETF, the upcoming Dencun upgrade, scheduled for March 13 could be a major market mover for Ethereum price. With this protocol upgrade, Ethereum will tackle the issue of scalability by increasing the block size from 12.5 MB to 25 MB.
Layer 2 scaling networks like Arbitrum and Polygon will benefit the most from the Dencun upgrade promising cheaper and faster transactions.
In the previous week, Ethereum moved in tandem with Bitcoin as it tested resistance in the range between $3,500 and $3,600. At the time, BTC launched above $60,000 and tested $64,000 before settling for sideways oscillation above short-term support at $62,000.

While an aggressive Bitcoin ascended above $65,000 on Monday, Ethereum struggled to clear resistance at $3,500 with the area at $3,550 emerging as a new sell-wall.

Trading at $3,490 during US business hours on Monday, Ethereum needs to close above $3,500 to convince investors that the upturned is intact. Otherwise, a longer sideways trend may start to form to allow for fresh re-accumulation to boost the next leg up targeting highs above $4,000 and the record high around $4,890.
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Cryptocurrency total market value crosses $2.5 trillion; Bitcoin price jumps above $64,000 level
Cryptocurrency total market value crosses $2.5 trillion; Bitcoin price jumps above $64,000 level

Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639.
Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639.
Bitcoin price jumped above the $64,000 mark on Monday morning in Asia, just around 7% away from the cryptocurrency’s all-time high set in November 2021.

The world’s largest cryptocurrency by market cap, Bitcoin was trading at around $63,600, rising 2.78% in the last 24 hours. Bitcoin’s market capitalization was at $1.25 trillion. So far this year, Bitcoin price has rallied more than 50%.

On March 1, Bitcoin prices crossed the historic $63,000 price threshold for the first time since December 2021.

Among other cryptocurrencies, Ethereum was up 1.5% at $3,476.97, Solana eased 0.83% to $129.03, Tether rose 0.02% to $1, and XRP gained 0.57% to $0.639.

Meanwhile, the overall cryptocurrency total market value has passed $2.5 trillion.

The rally in Bitcoin prices comes after the recent approval and the launch of spot Bitcoin exchange-traded funds (ETFs) in the United States earlier this year which attracted substantial investments and reignited excitement in the cryptocurrency market.
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btc
Bitcoin (BTC)
$63,577.00
2.4%
Bitcoin price
eth
Ethereum (ETH)
$3,478.80
1.15%
Ethereum price
bnb
BNB (BNB)
$415.23
0.85%
BNB price
sol
Solana (SOL)
$128.99
-1.17%
Solana price
xrp
XRP (XRP)
$0.63
-0.66%
XRP price
shib
Shiba Inu (SHIB)
$0.0000228
1.96%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000063
49.47%
Pepe price
bonk
Bonk (BONK)
$0.0000314
27.2%
Bonk price
btc
Bitcoin (BTC)
$63,577.00
2.4%
Bitcoin price
eth
Ethereum (ETH)
$3,478.80
1.15%
Ethereum price
bnb
BNB (BNB)
$415.23
0.85%
BNB price
sol
Solana (SOL)
$128.99
-1.17%
Solana price
xrp
XRP (XRP)
$0.63
-0.66%
XRP price
shib
Shiba Inu (SHIB)
$0.0000228
1.96%
Shiba Inu price
pepe
Pepe (PEPE)
$0.0000063
49.47%
Pepe price
bonk
Bonk (BONK)
$0.0000314
27.2%
Bonk price

Top cryptocurrencies to watch this week: ETH, DOGE, SHIB
top-cryptocurrencies-to-watch-this-week-eth-doge-shib
By Wahid Pessarlay
March 3, 2024 at 2:02 pm
top-cryptocurrencies-to-watch-this-week-eth-doge-shib
Edited by Anthony Patrick
MARKETS
Top cryptocurrencies to watch this week: ETH, DOGE, SHIB
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The cryptocurrency market was highly prosperous last week, witnessing a remarkable 16% surge in the global crypto market cap to $2.32 trillion. During this positive trend, altcoins like Ethereum (ETH), Dogecoin (DOGE) and Shiba Inu (SHIB) are among the top cryptocurrencies to watch heading into Monday.
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poHuge tokens have been dropping left and right so far in 2024, and gaming projects are getting in on the excitement. Tokens tied to games and networks have been among this year’s biggest launches as the broader crypto market rebounds and airdrops accelerate.

From Portal to Pixels, these are the gaming tokens that have made waves so far this year, ranked by peak market cap to date per CoinGecko, at the time of writing. But there are sure to be more big tokens ahead, as our gaming airdrops roundup suggests, so stay tuned—we’ll keep updating this list.

1. Portal (PORTAL)
Peak Price: $3.36
Peak Market Cap: $561.6 million
2. Pixels (PIXEL)
Peak Price: $0.6887
Peak Market Cap: $531 million
3. Xai (XAI)
Peak Price: $1.59
Peak Market Cap: $440.6 million
4. Heroes of Mavia (MAVIA)
Peak Price: $10.59
Peak Market Cap: $317.7 million
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The recent launch of Bitcoin ETFs has sparked a resurgence in the crypto market, attracting a wave of new investors and igniting a surge in trading activity. This positive momentum has created a ripple effect of optimism that transcends Bitcoin alone. Now, as the U.S. Securities and Exchange Commission (SEC) gears up to decide on a potential spot in Ethereum ETF in May, anticipation is running high for another major milestone in the crypto space.

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The Nigerian government says it has demanded almost $10bn (£8bn) in compensation from the cryptocurrency firm, Binance.

It says Binance manipulated foreign exchange rates through currency speculation and rate-fixing, which have seen the naira lose nearly 70% of its value in recent months.

Two Binance executives were arrested in Nigeria earlier in the week.

Binance has not responded to the BBC's requests for comment.

Ethereum co-founder Joe Lubin told ETHDenver attendees that crypto is part of the next super cycle and “we are ready for a new system of the world.”

We are in this 4th turning, and we are ready for a new system of the world. The other way of thinking about it is that it’s a monetary super cycle, where the monetary systems of the world reach and end of life essentially, basically because of interest, and there’s too much debt in the system because certain generations broke the monetary system and other elements of the financial system.”

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