Summary
TLDR: The crypto market experienced a record-breaking week with a CryptoPunk selling for $16.03 million, Bitcoin hitting all-time highs above $70,000, and ETH surpassing $4,000. Solana also briefly rose above $150. Coinbase experienced multiple outages, leading to speculation of intentional throttling, but the CEO attributed it to high user traffic.
Key Points
1. This week saw the crypto market’s phenomenal upwards trajectory, with significant milestones reached such as a CryptoPunk selling for $16.03 million and Bitcoin briefly breaking past its all-time high to above $69,000.
2. By the end of the week, Bitcoin hit another all-time high above $70,000, ETH surpassed $4,000, and Solana briefly exceeded $150, generating excitement across the cryptosphere.
3. Coinbase experienced multiple crashes and failures during the record-breaking week, leading to jokes about major price milestones not being official unless Coinbase was down, sparking conspiracy theories about intentional platform throttling.