Bitcoin Hits Another ATH! What’s Causing This Surge?

Explore the latest industry news, insightful data, and exciting updates from CoinMarketCap. ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌     ͏ ‌       [CoinMarketCap Spotlight Logo](~/AAQRxQA~/RgRn1BnLP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPXdubXc0ZjRkYWRqaFcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   Looks like Bitcoin just can't be kept down! The crypto king took a small 5% dip after some hot inflation numbers, but then it roared back to life, blasting past $73,500 to set a new all-time high. The market was shaken, but Bitcoin showed who's boss. Now that we've got your appetite whetted, let's dive into today’s crypto news. TLDR: - Bitcoin hits new ATH after shaking off inflation data 💪 - Coinbase raising $1 billion to fund future ambitions 💰 - Tensor reveals governance token for its Solana NFT platform 🔑 - MetaMask and Mastercard teaming up for crypto payment card? 💳 - Bitcoin miners raking in record $80 million+ revenue per day 🏆 The prime cuts are coming right up! ✨ MARKET OVERVIEW [Globe Icon] GLOBAL MARKET CAP 2.76T ▲2.11% (24H) [24H Icon] 24H MARKET VOLUME $160.5B ▲6.21% (24H) [Bitcoin Icon] BITCOIN’S DOMINANCE 52.13% ▼0.19% (24H) FEAR & GREED INDEX [Fear & Greed Index] [ALL CRYPTO PRICES/DATA »](~/AAQRxQA~/RgRn1BnLP0QraHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS8_bGlkPWR2enRtY3Roc2FwZFcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [TRENDING CRYPTO »](~/AAQRxQA~/RgRn1BnLP0RFaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS90cmVuZGluZy1jcnlwdG9jdXJyZW5jaWVzLz9saWQ9enR2bWt0d3ltN2t5VwNzcGNCCmXvy5TxZUOWwzNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) [NEW LISTINGS ON CMC »](~/AAQRxQA~/RgRn1BnLP0QvaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9uZXcvP2xpZD1sOGo1dmdlczdvcHRXA3NwY0IKZe_LlPFlQ5bDM1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) [TRENDING DEX PAIRS »](~/AAQRxQA~/RgRn1BnLP0RAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9kZXhzY2FuL3RyZW5kaW5nL2FsbC8_bGlkPTF0bGU0c2cxZGU5OVcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Data as of: 13 Mar 2024 10 AM UTC [Gainer Icon] TOP GAINERS 24H% [Project Icon 4] [TON](~/AAQRxQA~/RgRn1BnLP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWdiNzZxdnY3ZWFiclcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲19.6% [Project Icon 5] [WIF](~/AAQRxQA~/RgRn1BnLP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTkydmRiMjgwZmlyaFcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲19.18% [Project Icon 6] [RUNE](~/AAQRxQA~/RgRn1BnLP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPXRsanlyb3phcjZ3aFcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▲18.3% [Loser Icon] TOP LOSERS 24H% [Project Icon] [KAS](~/AAQRxQA~/RgRn1BnLP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWl5Mjh5dzd5Nzlob1cDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼1.99% [Project Icon 2] [HNT](~/AAQRxQA~/RgRn1BnLP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPWcwcmhrcnU1d2prblcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼1.55% [Project Icon 3] [MINA](~/AAQRxQA~/RgRn1BnLP0Q6aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9nYWluZXJzLWxvc2Vycy8_bGlkPTlnZHE5cGhveGpwaVcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) ▼1.12%   [Bitcoin Hits Another ATH](~/AAQRxQA~/RgRn1BnLP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1wcmljZS1kaXBzLTVwZXJjZW50LWFmdGVyLWNwaS1kYXRhLXNob3dzLWluZmxhdGlvbi1zdGlsbC1oaWdoP2xpZD10NnMyejh0dmNvN3dXA3NwY0IKZe_LlPFlQ5bDM1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc) Looks like Bitcoin experienced a little speed bump before continuing its road to glory. The king of cryptos took a 5% dip after some inflation data (before hitting another ATH). It all went down like this: Bitcoin was cruising along, hitting a brand-spanking-new all-time high of $73,005 on Tuesday. The crypto markets were enjoying the ride, and everyone was feeling like a million bucks. But then, the February Consumer Price Index (CPI) report dropped, and it was like a bucket of cold water to the face (at least for longs). The report showed that inflation is still stubbornly high, which was higher than what the analysts were predicting. But on the bright side, Bitcoin didn’t take as much of a hit. After shaving off about 5% in price, it made a run and broke above $73,500 (another ATH!). Considering how the inflation news has affected Bitcoin’s price in the past - is another dump around the corner? Is the market experiencing a bull trap? [Read the full story](~/AAQRxQA~/RgRn1BnLP0SAaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1wcmljZS1kaXBzLTVwZXJjZW50LWFmdGVyLWNwaS1kYXRhLXNob3dzLWluZmxhdGlvbi1zdGlsbC1oaWdoP2xpZD14N3huczZjYWtxc2ZXA3NwY0IKZe_LlPFlQ5bDM1IbdHJpc3RyYW1iYWxkd2luOTJAZ21haWwuY29tWAQAAAMc)!   [[ratio] Â](~/AAQRxQA~/RgRn1BnLP0QraHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj1sYVdHRzB5d3d1WVcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Why is Bitcoin Surging in 2024? Unpacking the Monumental Rally's Secrets [WATCH NOW](~/AAQRxQA~/RgRn1BnLP0Q8aHR0cHM6Ly93d3cueW91dHViZS5jb20vd2F0Y2g_dj1sYVdHRzB5d3d1WSZsaWQ9MGg3c2t1c3ZvdHZwVwNzcGNCCmXvy5TxZUOWwzNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)   [Coinbase Cashes In](~/AAQRxQA~/RgRn1BnLP0RyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29pbmJhc2UtcGxhbnMtdG8tcmFpc2UtZG9sbGFyMWItZnJvbS1jb252ZXJ0aWJsZS1ub3Rlcz9saWQ9c3Npb3ZwaWgwZjN6VwNzcGNCCmXvy5TxZUOWwzNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~) It's time to talk about the popular US-based exchange: Coinbase. The top execs over there are making some serious moves. Coinbase is raising a whopping $1 billion through something called senior convertible notes. Now, for those of you who aren't fluent in finance-speak, let me break it down for you. Essentially, these notes are like loans that can be converted into Coinbase stock later on down the line. It's a way for the company to raise some serious cash without diluting their ownership stake right off the bat. But what's all this money for, you ask? Well, according to Coinbase themselves, the funds will be used to pay off some existing debt and, of course, for good ol' "general business purposes." (fancy!) Now, here's the kicker – this whole move comes at a time when Coinbase's stock is absolutely thriving. We're talking about a two-year high! Recently Microstrategy announced the same move, didn’t it? Seems like all crypto giants are making this move. [Read the full story](~/AAQRxQA~/RgRn1BnLP0RyaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvY29pbmJhc2UtcGxhbnMtdG8tcmFpc2UtZG9sbGFyMWItZnJvbS1jb252ZXJ0aWJsZS1ub3Rlcz9saWQ9b2ZuZjlzbGg4MmY5VwNzcGNCCmXvy5TxZUOWwzNSG3RyaXN0cmFtYmFsZHdpbjkyQGdtYWlsLmNvbVgEAAADHA~~)!   [The Tensor Shockwave](~/AAQRxQA~/RgRn1BnLP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVuc29yLWZvdW5kYXRpb24tcmV2ZWFscy1wbGFucy1mb3ItdG5zci10b2tlbi1mb3ItdGhlLXNvbGFuYS1uZnQtbWFya2V0cGxhY2U_bGlkPWtveDFtbTQ2aWxxZFcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Looks like Tensor has been hiding an interesting little secret that's now coming to light. The rising star in the Solana NFT space has revealed plans for a new governance token called TNSR. Here's why this is an intriguing development: Tensor has seen explosive growth in under a year, capturing over 30% of the Solana NFT market. They've already facilitated over $2 billion in trades. So they have real traction. By introducing a governance token, Tensor is following a proven model for Web3 platforms to empower their communities. If they distribute TNSR tokens properly as rewards or incentives, it could significantly boost Tensor's activity and user loyalty at a pivotal time when competition is fierce with market leader Magic Eden. So is there going to be an airdrop? Has the team revealed any information about it? [Read the full story](~/AAQRxQA~/RgRn1BnLP0SIaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvdGVuc29yLWZvdW5kYXRpb24tcmV2ZWFscy1wbGFucy1mb3ItdG5zci10b2tlbi1mb3ItdGhlLXNvbGFuYS1uZnQtbWFya2V0cGxhY2U_bGlkPWt5Nm50MDU4N2dielcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)! CMC Crypto Awards 2024: Most Innovative NFT & Gaming Project of the Year Winner [What Are Pudgy Penguins?](~/AAQRxQA~/RgRn1BnLP0RSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1hcmUtcHVkZ3ktcGVuZ3VpbnM_bGlkPTA4eWE5NXdocGRybFcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) [What Are Pudgy Penguins?](~/AAQRxQA~/RgRn1BnLP0RSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1hcmUtcHVkZ3ktcGVuZ3VpbnM_bGlkPTk3czlremI0d3d0aVcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Pudgy Penguins is a collection of 8,888 unique NFTs on the Ethereum blockchain, each featuring a cute and quirky penguin with randomly generated traits. [READ MORE](~/AAQRxQA~/RgRn1BnLP0RSaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvd2hhdC1hcmUtcHVkZ3ktcGVuZ3VpbnM_bGlkPW1xemE0MmZuNXhzblcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)   [Bridging the Web3 Gap](~/AAQRxQA~/RgRn1BnLP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbWV0YW1hc2stcGFydG5lcnMtd2l0aC1tYXN0ZXJjYXJkLXRvLXRyaWFsLW9uLWNoYWluLXBheW1lbnRzLWNhcmQ_bGlkPXpwdTN2aDk4OWwwaVcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) MetaMask is teaming up with none other than the global payments giant, Mastercard. These two heavyweights are joining forces to bring us a revolutionary new crypto payment card. According to the rumors, this card is set to be the first of its kind – a truly decentralized payment service for the Web3 era. Imagine being able to spend your hard-earned crypto holdings directly at any location that accepts Mastercard, without having to jump through a million hoops first. But let's get one thing straight: neither MetaMask nor Mastercard have officially confirmed this news just yet. Then what’s the probability of this happening? Can we be sure that this is going to happen? [Read the full story](~/AAQRxQA~/RgRn1BnLP0R8aHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvbWV0YW1hc2stcGFydG5lcnMtd2l0aC1tYXN0ZXJjYXJkLXRvLXRyaWFsLW9uLWNoYWluLXBheW1lbnRzLWNhcmQ_bGlkPXd5cTJucThsenoybVcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   [Bitcoin Miners Strike Gold](~/AAQRxQA~/RgRn1BnLP0RnaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1taW5lci1yZXZlbnVlLXJlYWNoZXMtYWxsLXRpbWUtaGlnaHM_bGlkPXAxcmZuYXczNmVkalcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~) Bitcoin miners are raking in mountains of cash thanks to BTC's epic price run. We're talking record revenues nearing $80 million per day as of March 11. With Bitcoin blasting past $73,000 and trading volume through the roof, every successfully mined block is netting around 6.25 BTC plus ample fees right now. It's a rewarding time to secure the world's top blockchain. But are they accumulating Bitcoins right now or selling them all instead? [Read the full story](~/AAQRxQA~/RgRn1BnLP0RnaHR0cHM6Ly9jb2lubWFya2V0Y2FwLmNvbS9hY2FkZW15L2FydGljbGUvYml0Y29pbi1taW5lci1yZXZlbnVlLXJlYWNoZXMtYWxsLXRpbWUtaGlnaHM_bGlkPXBoOG51aXRqZnc1eVcDc3BjQgpl78uU8WVDlsMzUht0cmlzdHJhbWJhbGR3aW45MkBnbWFpbC5jb21YBAAAAxw~)!   That's a wrap for today's crypto roundup. 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