Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • TRADE
Crypto Flexs
Home»BLOCKCHAIN NEWS»Dencun Upgrades, BTC Drops Below $65,000, ETF
BLOCKCHAIN NEWS

Dencun Upgrades, BTC Drops Below $65,000, ETF

By Crypto FlexsMarch 17, 20244 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Dencun Upgrades, BTC Drops Below ,000, ETF
Share
Facebook Twitter LinkedIn Pinterest Email

Last week, Ethereum welcomed the Dencun upgrade, reducing transaction fees across multiple layer 2 protocols. Bitcoin (BTC) fell below the $65,000 level, while spot Bitcoin ​​ETFs continued to break new records and hit record highs.

Ethereum welcomes Dencun

  • The Dencun upgrade has finally arrived on the Ethereum network, marking the beginning of “The Spurge.” Notably, the update was released on March 13th, exactly as the developers had planned.
  • Shortly after Ethereum witnessed the implementation of the upgrade, crypto.news reported a significant decrease in average transaction fees across several Ethereum layer 2 protocols.
  • Zora saw its average cost fall 99% on March 14 to $0.003, while Optimism fell 98.8% to $0.035 within the same period. Base also saw a similar reduction in fees to $0.035 per transaction.
  • Arbitrum’s fees remained the same because the protocol decided not to implement Blob yet. Instead, they revealed plans to implement Blob through an imminent ArbOS update.

MicroStrategy Strengthens Bitcoin Bags

  • According to a report earlier this week, MicroStrategy raised $821 million worth of cryptocurrency assets by increasing its Bitcoin holdings during the price discovery phase.
  • The broader cryptocurrency market has witnessed a roller coaster ride this week. Bitcoin started the week strong, eventually soaring to an all-time high of $73,750 on March 14 amid intensive accumulation by long-term holders and whales.
  • The rest of the market continued to rise and the global cryptocurrency market capitalization soared. Dogecoin (DOGE) also gained attention, rising 11% after Elon Musk said the asset could be used as a payment method for Tesla.
  • DOGE and the rest of the market fell as BTC faced strong selling pressure above $73,000. The leading cryptocurrency asset fell to a low of $67,000 on March 15, with ITB analysts warning of a steeper correction.
  • Bitcoin’s correction continued into the following days, with the asset plummeting below $65,000 on March 16, hitting a 10-day low of $64,780. However, BTC found a bottom at this price and has since recovered above $67,000.
  • Market observers remain optimistic. Veteran trader Kevin Svenson expects BTC to reach $83,000 after the halving scheduled for next month.

Solana, BOME turns the trend on its head

  • Ecosystem meme tokens, including Solana (SOL) and Book of Memes (BOME), continued to post massive gains despite the broader market decline.
  • Solana saw an impressive 10% rise in 24 hours, with some related meme coins such as Jupiter (JUP) and dogwifhat (WIF) also surging.
  • Book of Memes, a new meme coin based on Solana that was launched on March 14th, also rode the upward trend of the Solana ecosystem. The asset soared 345% in the 24 hours leading up to March 16th, and 39,000% from March 14th to 16th.

Spot Bitcoin ETFs continue to see record numbers.

  • The spot Bitcoin ETF market received significant attention this week as demand for the investment product continued. According to a March 11 report, last week was a successful one as the cryptocurrency market saw a record $2.7 billion inflows last week.
  • Spot Bitcoin ​​ETFs continued to break records, with 14,261 Bitcoin tokens purchased on March 12th. This dwarfed the 900 BTC miners produced that day.
  • Market experts at Bitcoin mining company Luxor Technology say investors have switched from cryptocurrency mining stocks to these products. Despite the demand, Vanguard’s outgoing CEO remained bearish on the product.

Craig Wright is not Satoshi, British court rules

  • In COPA v. Craig Wright, the British High Court ruled that Wright was not Bitcoin founder Satoshi Nakamoto, despite Wright’s persistent claims.
  • COPA’s goal was to prevent Wright from filing additional lawsuits against community figures for exposing his claims. This week a British court ruled that there is evidence to show that Craig Wright is not Satoshi.

Follow us on Google News

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

NVIDIA RTX strengthens FITY’s AI -centered innovation in Cooler Design.

June 27, 2025

British trail EU, US encryption regulation, think tank warning

June 22, 2025

ZKJ Crypto Price Pumps 20%: Dead Cat Bounces?

June 17, 2025
Add A Comment

Comments are closed.

Recent Posts

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025

No Altcoin Season 2025 ? Why Bitcoin Dominance Is Holding Strong In The Crypto Market

June 28, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Why It Matters For Every Crypto Investor

June 27, 2025

Safe smart account audit summary

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

CARV’s New Roadmap Signals Next Wave Of Web3 AI

June 27, 2025

Bybit Expands Global Reach With Credit Card Crypto Purchases In 25+ Currencies And Cashback Rewards

June 27, 2025

BYDFi Joins Seoul Meta Week 2025, Advancing Web3 Vision And South Korea Strategy

June 27, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

Checkpoint #4: Berlinterop | Ether Leeum Foundation Blog

June 28, 2025

TRON Price Propects USDT supply exceeded $ 80 billion

June 28, 2025

Stablecoin startups surpass 2021 venture capital peaks as institutional money spills.

June 28, 2025
Most Popular

If the SOL price is $ 110, the Solana tvL is reduced by 40% if the additional loss is dangerous.

February 27, 2025

Bitcoin Miner Selling Pressure ‘Weaken’ as BTC Withdrawals Drop 85%

June 28, 2024

The approval date for the Ethereum ETF is set for May 23, when ETH is expected to reach $4,000.

January 31, 2024
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.