A New All Time High For Ethereum

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

  • Former CFTC Chair joins Citadel just 27 days after leaving office

  • A former Chainalysis exec is tapped to lead FINCEN

  • Bank of America says digital currencies could contribute to inflation

  • The US added a more-than-expected 900,000 jobs last month


Community Commentary

Hello.
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