Bitcoin moves towards a daily close above $72,000

12 Mar 2024

On top of the new all-time high, this Monday was full of developments involving the largest crypto by market cap.


Bitcoin (BTC) reached a new all-time high this Monday at $72,710.68, according to data aggregator CoinGecko. Since BTC went over $70,000 again, it managed to hold its ground on top of that price level and now walks towards a daily close above $72,000.
The trader known on X (formerly Twitter) as Rekt Capital shared that whenever Bitcoin breaks its old all-time high, a bull market starts followed by a top in the next 266 to 315 days.

“Bitcoin reached a new all-time high last week. Next Bull Market peak may thus occur in 266-315 days. That’s December 2024 or February 2025,” he said.
This Monday also marked the closure of the first two months of the 10 spot BTC exchange-traded funds (ETF) being traded in the US, according to Bloomberg ETF analyst Eric Balchunas.
“First two months officially in the books (it’s felt like six) and the ten bitcoin ETFs now have over $55b in assets with exactly double that in volume at $110b. If these were the numbers at the end of year I’d call them a success. To do it in eight weeks is simply absurd,” he   in an X post.
Balchunas also highlighted that BlackRock’s IBIT and Fidelity’s FBTC are the third and fourth-largest ETFs by year-to-date flows, respectively.
Another significant development involving Bitcoin this Monday was the announcement made by MicroStrategy that a new batch of 12,000 BTC was bought at an average price of $68,477. MicroStrategy now holds 205,000 BTC.


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zkSync-based zkLink Nova aggregated Layer 3 rollup goes live on Ethereum mainnet


7 hours ago

zkLink Nova's mainnet brings interoperability to Ethereum and Layer 2s.


zkLink, an infrastructure layer that makes it easier to move assets across blockchains, has launched its public Nova mainnet today, the first Aggregated Layer 3 zkEVM rollup network utilizing zkSync’s ZK Stack.
Addressing critical challenges such as liquidity fragmentation, multi-chain dApp development complexities, and isolated assets and applications, zkLink Nova’s Aggregated Layer 3 Rollup offers a comprehensive solution.
The mainnet’s integration with leading Layer 2s, including Arbitrum, Linea, Manta, Mantle, and zkSync, establishes a connective layer that enhances liquidity and asset transfers throughout the Ethereum ecosystem.

“This represents a major milestone for both zkLink and the wider Ethereum ecosystem as dApps will have access to broader liquidity and more users, potentially unlocking exciting new use cases for their existing L2 assets,” said zkLink’s CEO and co-founder Vince Yang.

The integration of Layer 2s with zkLink Nova represents a collective effort towards a more unified and efficient blockchain ecosystem. The general-purpose architecture of zkLink Nova’s Aggregated Layer 3 enables developers to build, deploy, and scale dApps using Solidity smart contracts more efficiently.
The Nova Aggregated Layer 3 environment eliminates the need for bridges and gas fees, reducing security risks and improving the user experience. By incorporating ZK Proofs, the network ensures that every transaction is verified before processing, providing Ethereum-grade security.

“The Nova Aggregated Layer 3 mainnet utilizes Linea as the primary rollup for ZK proof-verification through zkLink’s Nexus settlement layer technology. Being secure, EVM-equivalent and cost-effective, Nova leverages Linea’s ZK-Rollup for faster multi-chain state synchronization and hard finality that settles on the Ethereum network,” said Linea Product Lead, Declan Fox. 

Users can deposit their assets into zkLink Nova’s unified platform to transact seamlessly or interact with its ecosystem of dApps.
The launch of zkLink’s Nova mainnet comes on the heels of the company’s successful $10 million strategic funding round last year, which included participation from prominent investors such as Coinbase Ventures.

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