The FLOKI token is the star of the last week of the cryptocurrency market

Last week Bitcoin tripled to a new record high against the US dollar, as bullish sentiment around the number one cryptocurrency continues.

The first opportunity, last Tuesday, was short-lived because as bitcoin reached $69, large sell orders and cryptocurrency exchange liquidations sent the price tumbling more than 200%. to a low of $10 within hours.

However, they came to help Bitcoin ETFs, which saw volume exceeding $10 billion last Tuesday, a new daily record, as institutional investors saw an opportunity to buy into the dip.

These record purchases caused the price of bitcoin to increase by 15%. within 24 hours and back to $67. Bitcoin price then continued its upward trend over the following days, reaching highs of $000 and $70, respectively (the highest level ever at the time of writing).

Because spot ETFs continue to purchase Bitcoin in significant quantities, as well as other sites such as Microstrategy Inc, who also make further purchases, demand for bitcoin is quickly outpacing new supply.

It's anyone's guess where the price will go, but it's certainly an exciting time to be an investor or holder of Bitcoin.

The Dencun update will be made available on the Ethereum mainnet on Wednesday

The long-awaited Dencun update will go live on the Ethereum mainnet tomorrow, Wednesday (specifically on Blockchain socket 8626176).

Dencun introduces a series of EIPs (Ethereum Improvement Proposals) and marks the beginning of "The Surge" era in Ethereum, aimed at increasing the scalability, security and performance of the network. The update is also expected to significantly reduce transaction (gas) fees on Layer 2 networks in the Ethereum ecosystem via EIP 4844 Proto-Danksharding.

Ethereum will be the cryptocurrency to watch in the coming months. Dencun may bring increased usage of the Ethereum (and Layer 2) network, which in turn may have a positive impact on Ethereum and Layer 2 cryptocurrency prices.

According to Yahoo Finance, the price of Ethereum is currently $3994, which is the highest price since December 2021, up 22%. from an all-time high of $4870.

CPI data in the US will be released on Tuesday

Today, the latest data on CPI (Consumer Price Index) in the US, which is a key measure of inflation, will be published.

Although FED virtually ruled out an interest rate cut at this month's FOMC meeting, a lower-than-expected CPI print may increase the likelihood of a cut at the next meeting in May.

As we have seen historically, the increased likelihood of interest rate cuts has generally been positive for cryptocurrency prices as well as stocks.

A higher-than-expected CPI print could halt the current surge in cryptocurrency prices or further cause a slight pullback in cryptocurrency prices.

The FLOKI token was the star of last week

Floki was one of the best-performing cryptocurrencies last week, rising 85%. following a series of positive announcements - that the cryptocurrency is now available for trading on one of the largest cryptocurrency exchanges in Singapore and that Floki "will take over the heart of New York" z aggressive marketing campaign in Times Square beginning March 15.

Other memecoins, such as SHIB (Shiba-Inu) and PEPE, continued to outperform larger cryptocurrencies, ending the week up 50% respectively. and 45 percent

Deutsche Börse launches a regulated cryptocurrency trading platform for institutional clients

Deutsche Börse has launched DBDX (Deutsche Börse Digital Exchange), a regulated spot crypto platform for institutional clients.

As indicated in press release Deutsche Börse "DBDX offers a fully regulated and secure ecosystem for trading, settlement and custody of crypto assets that leverages existing connectivity with market participants."

“The offer fills a gap in the market and positions Deutsche Börse at the center of the growing institutional digital asset market, while providing customers with a comprehensive suite of innovative and secure financial solutions for digital assets from a single point of access and around the world. value chain – continued in the press release.