Happy Thursday, Blockfolians
Another day, another milestone. Today, it was the impressive (if short lived) push up above $40,000 - more than double the previous all time high.
Now, the popular narrative holds that this is all about institutional investors coming into the space. While that certainly seems true, there are some indications that the retail FOMO has finally started again.
While the price may have quickly peeled back from $40,000, this continues 2021’s trend of starting off in just about the most insane way possible.
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Highly Relevant Reading
A new ATH for ETH’s market capitalization
Gaming giant Nexon buying Bithumb for $460m
Global crypto market hits $1T market cap
Finalnd looking to sell $75M in BTC
Holy alpha batman - what a call/explanation of today’s action
The TV appearances are coming
A Really Big Number We Should Be Paying Attention To
That’s the number of comments for the new FinCEN rule. Go team Crypto!