Bitcoin Surges Above $62k, Ark Invest & 21Shares Integrate Chainlink Proof of Reserves

Feb 28, 2024

Bitcoin (BTC) continues its stellar week, rising 9.02% to surpass the $62k mark and bring it within 11% of its all-time high. ETH has gained 5.43% today, exceeding $3,400, a level not seen since April 2022. Meme coins are outperforming today, with PEPE, DOGE, and WIF gaining 21.63%, 19.07%, and 23.25%, respectively. The strong moves across various names have squeezed shorts, with over $209 million in short liquidations in the last 24 hours. U.S. equities are not sharing in crypto’s rise as many are focused on tomorrow morning’s PCE data. The SPY and QQQ are showing modest declines, decreasing by 0.08% and 0.33%, respectively, while the DXY has gained 0.16% as it hovers around the $104 mark.

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