Welcome to BitPinas Key Points: easily digestible news in concise formats for easy reading. Let’s check the latest crypto news stories in the last 24 hours.
Table of Contents
Crypto Price Update
Market News
- Bitcoin surged above $64,000 for the first time in over two years, driven by investor optimism.
- The rally was short-lived, with Bitcoin experiencing a sudden rop to $58,000, triggering over $700 million in crypto liquidations. (Source: [CoinDesk])
- The price volatility coincided with technical issues on the Coinbase exchange, causing users to see incorrect balances.
Local News: Crypto Rally and Airdrop Create Peso Millionaires
- Numerous posts on social media, most notable airdrop hunters have reported life changing gains brought about by tireless doing the airdrop tasks. The person being discussed below by crypto trader and online personality Shun (who opted not to reveal the name of the person, for obvious privacy reasons), has gained ₱3 million in just one airdrop.
- Here’s another one who paldo’d with the meme token $CWIF
Sold Early
- There are also those, however, who sold early so were not able to take advantage of the CWIF incredible rally:
- When you sold early. A CWIF holder sold their bag (see above) of 46.2B CWIF in December 2023 for $88. If the person sold during this rally, they could have made $20,000 or ₱1 million.
- Check out the CWIF Rally:
Note: Check out the following BitPinas articles on airdrops:
Other Philippine Local Crypto News
Noteworthy
- Coinbase app is crashing due to surge in traffic.
- South Korea postpones plans to ease crypto restrictions
- Crypto miners are selling Bitcoin ahead of the halving.
- Shido Finance hacked? But Hacker returned stolen funds.
Watch: BitPinas Webcast on Binance Ban
This article is published on BitPinas: Key Points | Mar. 1, 2024 | Life Changing Money or Potentially Could Be
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- Source: https://bitpinas.com/feature/key-points-2024-03-01/
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