Bitcoin Makes New All-Time High, NIM Network Submits First RollApp Proposal
Mar 5, 2024
In a volatile day, BTC (-4.51%) has made a new all-time high, briefly surpassing $69k before retracing to the low $65k range. ETH (+1.55%) is showing strength, trading around $3.7k as attention may shift towards Ethereum and related names ahead of the Dencun upgrade next week. Layer-2 tokens support that notion, as OP and ARB are outperforming today, gaining 13.46% and 4.44%, respectively. Some of the meme-mania has subsided, with DOGE, PEPE, and BONK showing more pronounced losses, all dropping more than 8% today. Traditional markets are similarly struggling today, with the SPY falling 1.01% and the QQQ dropping 1.85% as investors prepare for various employment data releases throughout the remainder of the week.