Record-Setting BTC Inflows, Coinbase to Issue $1B in Convertible Notes
Mar 13, 2024
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Market Update $BTC surged in the overnight hours, nearing $74k, following a day of record inflows into spot ETF products. It's now trading around $72.5k. $ETH is showing relative weakness this morning, dipping just below $4k. This may be due to capital rotating into Layer 2 solutions and other Ethereum-related assets following the successful Denunc upgrade. Ethereum-adjacent assets such as $AAVE, $SYN, $MATIC, $MKR, and $ARB, are outperforming thus far today. $SOL has continued its gradual climb, now trading just north of $152. $NEAR is also showing relative strength ahead of next week's NVID
