Summary
TLDR: Bitcoin is performing well and may break $60,000, DeFi is growing alongside bitcoin and ether, NFT market is active, and major crypto stocks are seeing gains. Protocol treasuries are at an all-time high, with Ethereum Foundation holding over $1 billion in bitcoin and ether.
Key Points
1. Bitcoin is the best performing crypto mega-cap over the past day and is close to breaking $60,000 for the first time since November 2021.
2. DeFi is experiencing significant growth alongside bitcoin and ether, with nearly $90 billion locked in crypto across various apps, marking the highest total value locked since May 2022.
3. Coinbase, the largest publicly-traded crypto company, has seen a substantial increase in its share price, surpassing vehicle manufacturers such as Ford and General Motors.