Market Activity

Total Market Cap $1.07T (+11.50%)

24 Hour Volume $238.42B (+65.34%)

Notable Movers Dogecoin (DOGE) (+293.17%)

Bitcoin Dominance 64.75% (+2.13%)

Bitcoin Price $37,205.61 (+16.11%)

Cointelegraph says Bitcoin hit $38,000 after Elon Musk's "Dogecoin treatment." CoinDesk asks whether Musk is just teasing the crypto community again with his latest stunt on Twitter. The Block notes that the Tesla CEO is following in the footsteps of Twitter CEO Jack Dorsey. NewsBTC says the GameStop saga offers a reminder: not your keys, not your Bitcoin.

Your Friday News 📰

Learn all about crypto at Alexandria, your new online crypto source!

Musk Helps Bitcoin Surge By 15% 👏

Bitcoin's price rose by more than $3,000 in just 30 minutes after Elon Musk sneakily inserted #bitcoin into his bio. In a cryptic tweet, the Tesla CEO added: "In retrospect, it was inevitable." After circling the drain at $30,000 for a time this week, the bullish momentum helped the world's biggest cryptocurrency vault beyond $35,000. Will this spike endure?

A PR Disaster for Robinhood ❌

The GameStop fiasco has turned into a PR calamity for Robinhood. The company controversially announced it was restricting trading on shares at the center of a battle between hedge funds and retail traders. At least two lawsuits have been filed, with some U.S. politicians describing its conduct as "unacceptable." Find out what Robinhood's CEO had to say.

What ON EARTH is Happening to DOGE?! 🤯

When we last spoke to you, Dogecoin was trading at $0.01434. Well, over the past 24 hours, DOGE has well and truly been unleashed. In this time, the joke coin has set new all-time highs of $0.07797 — a dramatic triple-digit boom that hit 800% at one point. DOGE has vaulted up CMC's rankings, and as our article explains, even Carole Baskin is getting involved.

Coinbase Goes for a Direct Listing 👀

Coinbase has announced it's going to go public through a direct listing rather than an initial public offering. Reports suggest it's aiming to achieve a debut share price of $200. This means that existing shares are going to be offered to investors rather than new ones. All this came as Coinbase entered the top 10 rankings of free apps on Apple's App Store. Read more.

Poll of the Day 📣

The sorry saga surrounding GameStop has brought the advantages of crypto into sharp focus. So our question is this...

On a scale of 1-5 (5 being definitely,) do you think Bitcoin will see a long-term benefit from the face-off between Reddit retail investors and short sellers?

Alexandria's Best Bits 📖

Looking for some in-depth insights into market movements? Here's what CoinMarketCap Alexandria can offer...

When is the best time to transact on Ethereum? With ETH fees proving to be a recurring issue, is there a time of day when you can get the best value for money? Flipside Crypto takes a look.

Blockchain Term of the Day: REKT 🤮

And here's one for the short sellers…

A shorthand slang for "wrecked," describing a bad loss in a trade.

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