In other news, meme coins saw a significant rally, with Dogwifhat, Pepe, Floki, Shiba Inu, and BONK recording substantial gains. Coinbase experienced a temporary crash due to increased activity, while MicroStrategy added to its Bitcoin holdings. Bank of America and Wells Fargo also revealed plans to support spot Bitcoin ETFs due to increased demand.
Key takeaways:
- Bitcoin retested $64,000 as spot BTC ETFs hit record volumes, driven by a confluence of reduced supply and increased demand.
- Nigeria fined Binance $10 billion over allegations of currency manipulation, contributing to the devaluation of the naira.
- Amid the market resurgence, meme coins saw significant price surges with Dogwifhat (WIF), Pepe (PEPE), and Floki (FLOKI) among the top gainers.
- Elon Musk filed a lawsuit against OpenAI's CEO Sam Altman, leading to a 5% slump in OpenAI’s Worldcoin token.