Happy Friday, Blockfolians
The Lede
If $20,000 stood as Bitcoin’s long standing psychological hurdle, for the ETH faithful this rally, that number has been $2000.
Last night, with excited and bated breath, Crypto Twitter watch ETH smash through that number and celebrated with much vigor. Bitcoin popped up above $60,000 momentarily to say high before retreating back to $59,000.
For ETH, it was the culmination of an 18% run this week on the back of bullish news like Visa’s acceptance of USDC on Ethereum as a native currency. As traditional markets in the US closed for Easter/Good Friday, crypto continued unabated with ETH trading as high as $2,075.
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Highly Relevant Reading
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Former CFTC Chair joins Citadel just 27 days after leaving office
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A former Chainalysis exec is tapped to lead FINCEN
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Bank of America says digital currencies could contribute to inflation
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The US added a more-than-expected 900,000 jobs last month
Community Commentary
Hello.
.@mcuban on his cryptocurrency portfolio: ‘I own a lot of Ethereum because I think it’s the closest to a true currency’
He’s not wrong
A Really Big Number We Should Be Paying Attention To
$130,000
That’s a new BTC price target from JP Morgan based on reduced bitcoin volatility
Final Thought
Well hello there
