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Epic Ascension: Bitcoin Breaks the Ceiling!

Journey Into the Heart of Crypto's Third Bull Run with Spot ETFs Leading the Charge

Author

Jungle Degen
March 08, 2024

Greetings Crypto Explorers! 🌴🦜

Welcome to another thrilling edition of Jungle Tales, your go-to crypto newsletter where the wild heart of the jungle beats in harmony with the pulse of the digital currency market. This week, we're roaring over Bitcoin's monumental leap, breaking above $69,000 and setting the crypto canopy ablaze with excitement, thanks to the advent of U.S.-based spot bitcoin ETFs. Alongside this exhilarating climb, we've got a treasure trove of updates including MicroStrategy's bold financial move, Grayscale's shifting sands, and the intriguing dance of animal memecoins. So sharpen your spears and polish your binoculars as we dive into the untamed wilderness of crypto – where danger and opportunity lurk behind every leaf!

As always… Stay Wild! 🌿🦁🚀

🦍 The Big Jungle Roar

This week's monumental event that shook the crypto-jungle. Roar with us!

Bitcoin Soars to New All-Time High Above $69K

www.coindesk.com/markets/2024/03/05/bitcoin-soars-to-new-all-time-high-above-69k

What a wild ride it's been in the crypto canopy!

Bitcoin (BTC), our king of the crypto jungle, has soared to new heights, breaking above a whopping $69,000 on Coinbase. Remember when it first hit this peak back in Nov '21? Well, the jungle's buzzing again with excitement, and it's all thanks to those shiny new U.S.-based spot bitcoin ETFs. 🌟

From around $45,000 when these ETFs swung into the scene in Jan, BTC dipped its toes to $39,000 before leaping across the treetops above $50,000 by mid-Feb. After lounging at $51,000, it sprinted up the tree again, setting sights even higher. 🐒💼

Mike Novogratz, our early BTC explorer, hints we're trekking through uncharted territory, with the whole U.S. wealth having a clear path to join our jungle adventure. Meanwhile, Hunter Horsley from Bitwise is eyeing a treasure trove at $250,000 BTC - can you believe it? 🏴‍☠️💰

We're in the midst of our third bull run, folks, kicked off by BlackRock's ETF moves. This rally is fueled by the jungle's acceptance of BTC as a top-tier asset, alongside some breezy macro winds in our favor. 🍃📈

The end of Fed rate hikes, tech stocks climbing with AI tales, and the upcoming Bitcoin Halving are all stirring the leaves for a prosperous season in our crypto jungle. Despite a scarcity of sellers lately pushing prices up, remember, every jungle has its seasons of growth and rest.

Reflecting on our journey, from the ICO bubble burst to regulatory storms and the chill of crypto winters, we've seen our share of challenges. Yet, here we are, stronger and more vibrant than ever. 🦁🔥

So grab your crypto compass and let's navigate this lush landscape together. Who knows what treasures await in the depths of the Jungle Tales? 🧭💎

📈 More on Bitcoin:

🦁 King of the Crypto Jungle

Unleashing the top beasts of this week's crypto news. Beware, it's a wild ride!

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🐒 Meme Monkeys

Hopping onto the funniest and savviest crypto memes that swung through the jungle this week.

🦜 Jungle Mystery of the Week

Can you solve our crypto-themed riddle? The answer lies hidden deep within the jungle. Share your guesses on Twitter and tag us! (we may gift someone some crypto 👀)

In the dense foliage of the crypto jungle, where secrets and fortunes intertwine like the roots of ancient trees, a legend whispers among the leaves, stirring the curiosity of every digital nomad. This tale speaks of a hidden oasis, a place bursting with color and life, unlike anything else in the vast wilderness. It's told that this mystical spot holds the key to untold laughter and wealth, guarded not by fearsome beasts or insurmountable puzzles, but by the whimsy of the jungle itself. Many have sought to uncover this place, drawn by tales of its unique inhabitants that dance in the moonlight, their value as unpredictable as the wind. With every step deeper into the mystery, one question remains on the lips of those brave enough to seek it: What is this vibrant oasis where humor and fortune meet under a veil of mystery?

🦩 Tweets from the Jungle

Check out these wild crypto tweets that have made it to the jungle!

🐊 Crypto Swamp Watch

  • Bitcoin (BTC) - $68,431.24 (10.27%)

  • Ethereum (ETH) - $3,904.36 (13.95%)

  • Top Gainer: Floki (+193.22%)

  • Top Loser: Kaspa (-12.48%)

    Snapshot taken on the 8th of March, around 1:36pm, Jungle time.

🍍 Jungle Poll Parrot

Join our parrot's poll! This week's squawk…

Cats vs Dogs, who wins in 2024?

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🐯 Jungle Snapshots

Our grand finale - Jungle madness, guaranteed wilder than any pump and dump. Enjoy, you crypto beasts!

when the apes come check on you 🐵

👋 That's all for this issue of Jungle Tales! As we part ways, let's remember the wise words of a crypto degen:

In the vast expanse of the crypto jungle, where the pursuit of treasure is as relentless as the river's flow, let us pause and reflect upon the essence of true wealth. May we remember, dear explorers, that the richest treasures are not always those counted in coins or tokens, but in the experiences we gather and the bonds we forge amidst the untamed wilderness of our ventures. As you weave through the dense foliage of markets and navigate the unpredictable terrains of investments, let not the shimmer of immediate gains distract you from the path of wisdom and sustainability. Like the ancient trees that stand tall and resilient, may your journey be grounded in patience and insight, for it is through mindful exploration and respect for the jungle's laws that lasting prosperity is found. Venture forth with courage, but let prudence be your guide, for in the harmony with the jungle's rhythm lies the key to enduring success.

Don't forget to share our newsletter with your fellow crypto adventurers, and follow us on Twitter X.

Until next time, keep exploring the wild world of crypto!

Pura Vida,

Jungle Degen

JUNGLE WARNING: Hear me, ye dauntless navigators of the crypto wilderness. This parchment holds no keys to monetary splendor. Consider it more of a cryptic map of the jungle, teeming with teachings, not a treasure chest marked with an 'X'. It neither mutters veiled secrets of investment, nor beckons you to swap your prized assets or enact any fiscal transactions. In this unpredictable crypto habitat, caution is your most trusted ally, and your own robust investigation, the steadfast compass. Equip yourselves with the shield of wisdom, as you traverse the intricate network of paths. Remember, swift success is often a false trail; it is through enduring patience, adroit maneuvering and careful strategy can you navigate this mysterious landscape. The jungle is vast and filled with enigmatic conundrums; let your own diligent research be the torch that dispels shadows. Don't be lured by the glimmering illusion of quick profits, but bend your will to the pursuit of genuine understanding. Keep your wits about you and eyes wide open on this crypto-quest. To cut a long story short, this is NOT financial advice. Safe travels, crypto explorers!