Bitcoin posts its first red week in a Month as ether shines Reddit reveals its Crypto Holdings and newly disclosed Emails from Satoshi show his amazing Foresight these stories and more this Week in Krypto hi I'm Nate Martin from 99 Bitcoins.com and here's what's happened This week in crypto after surging past $52,000 bitcoin's momentum seems to be Losing steam as it posted its first Weekly decline in over a month although The dip only amounted to around 2% Investors who saw gains from the recent 25% price increase resulting from the Excitement over the new US spot Bitcoin ETFs and the upcoming having event sold Some of their Stacks to realize their Profits with gains of 30% so far this Year and trading at a 2-year high of Nearly $3,000 ether is currently outshining Bitcoin as speculation grows as to Whether the second largest digital asset Becomes the focus of the next wave of us Spot ETFs meanwhile worldcoin co-founded By open AI CEO Sam Alman reached an All-time high boosted by AI hype and Positive reports from Nvidia Underscoring ai's impact on the crypto Industry JP Morgan noted that in February retail investors are driving a Surge in crypto Investments reaching Multi-year highs onchain data shows
Small wallet flows surpass Institution Ones factoring in new ETF inflows the Revival of retail interest reflects the Anticipation of key crypto events the Bitcoin having ethereum network upgrade And potential SEC approval of spot Ethereum ETFs social media platform Reddit filed For a public stock offering revealing Its crypto Holdings in its SEC filing The platform acknowledges holding Cryptocurrencies and experimenting with Blockchain technology exposing them to Exchange risk and regulatory Considerations redddit invested its Excess cash in Bitcoin and ether and Acquired madic as a form of payment for Sales of certain virtual Goods major Stablecoin issuer Circle will end Support for its usdc token on the Tron Blockchain Network effective immediately The us-based company said that the Decision is aligned with its efforts to Ensure that usdc remain trusted Transparent and safe Tron is a Blockchain widely used for transferring Aable coins but its founder Justin sun Is facing regulatory problems in the US Former US president Donald Trump who Once labeled Bitcoin a scam against the Dollar now acknowledges its growing Influence Trump stated on Fox news that Bitcoin has taken on a life of its own As he observes an increasing interest in
Bitcoin and its use as a payment method Proposed legislation in the UK aims to Officially designate cryptocurrency as a Distinct form of property The law Commission of England notes this Classification aligns with evolving Court perspectives and emphasizes the Flexibility of common law The Proposal Seeks to address legal uncertainties and Enhance the recognition and protection For unique features of certain digital Assets the mysterious creator of Bitcoin Satoshi Nakamoto warned that Bitcoin Could become a significant energy Consumer in newly revealed emails from 2009 Satoshi foresaw scrutiny around the Energy used in bitcoin's proof of work Consensus mechanism as well as Predicting some non-financial uses of Blockchain the emails were released Related to the trial questioning Craig Wri's claim to be Satoshi Nakamoto That's what's happened this week in Crypto see you next week if you've Enjoyed this video leave us a thumbs up Subscribe to the channel and click the Notification Bell so you don't miss a Review news update or the clearest Information about Bitcoin and Cryptocurrencies Anywhere