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[Weekly Crypto] 2024.02.19

1️⃣ Explaining Bitcoin's Rally: What Catapulted It Beyond $50,000

Bitcoin is within striking distance of a new all-time high. Bitcoin climbed almost 25% in just a few days to reach a 52-week high of nearly $53,000 on Thursday.

2️⃣ Bitcoin's Latest Rally Is Different as BTC Rises Alongside U.S. Dollar and Treasury Yields

Bitcoin has managed to chalk out a double-digit rally recently, ignoring the strength in the dollar index and Treasury yields.

3️⃣ Big banks are nudging the SEC for a slice of sweet Bitcoin ETF action

The banking associations argued that U.S. banks were “notably absent” as asset custodians for Bitcoin ETFs despite them playing that role for other ETPs.

4️⃣ Crypto world, Wall Street await potential spring approval of spot ether ETF

Nearly a dozen spot bitcoin ETFs were approved on Jan. 10

5️⃣ Bitcoin market cap crosses $1 trillion as buyers flood in

The total value invested in bitcoin surpassed $1 trillion on Wednesday for the first time since November 2021

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