Crypto News – Almost every week since the start of 2024, there have been tremendous developments in the crypto sector. This week was just such a week.
Crypto Highlights This Week: BTC, SHIB, and FLOKI Witnessed Massive Bull Runs
This week, many of the cryptocurrencies made their way north. But it was Bitcoin, Shiba Inu, and Floki that attracted the most attention. Let’s review why these three cryptocurrencies stand out so much.
1.7 Billion Dollars of Net ETF Flows Attracted Attention
BTC briefly traded over the $63K mark in the past seven days, fueling bullish sentiments among traders as halving nears. While Bitcoin dropped back to the $61K mark as of writing, the BTC ETFs’ noteworthy jump into the fray continued to birth bullish sentiments for the token across the broader crypto market. As of March 2, a staggering $1.7 billion net ETF flow recorded garnered additional attention to Bitcoin’s progression, mirroring the token’s recent rally.
Shiba Inu Price Continues to Rise
SHIB had a spectacular rally as well, creating waves in the cryptocurrency world. This rally is the outcome of several recent changes that have been observed in the Shiba Inu ecosystem. In keeping with this series of breakthroughs, the community behind the meme coin recently announced a strategic alliance with Zama, a platform that provides services for cryptocurrency wallets. This collaboration improves encryption and privacy throughout the ecosystem, further revolutionizing Shiba Inu’s cryptographic endeavor.
Floki Increased 100% This Week
Floki, an altcoin that experienced a 100% price increase this week, attracted a lot of interest from those interested in the cryptocurrency market. After DWF Labs amassed an enormous 10 million FLOKI, Floki’s price initially began to rise. But due to a number of other circumstances, the price significantly increased, rising as high as 100%. An essential milestone for the meme coin was recently reached by Floki’s TVL (Total Value Locked), which crossed the $366 million threshold.
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