Bitcoin at Two-Year Highs & Why All Crypto Investors Should Track Ethereum’s Upgrade

Join Matt and Nick as they break down Bitcoin’s rise to two-year highs and why all crypto investors should monitor Ethereum’s big upgrade in March. They also cover Solana’s outage, EigenLayer restaking mania, and more.Key Takeaways Bitcoin (BTC) closed at its highest price since December 2021 as it nears $50,000. Strong demand for ETFs has likely been one of several reasons for this latest rally.Ethereum (ETH) is set to undergo its ‘Dencun’ upgrade on March 13. This will slash the cost of using L2s (e.g. Optimism, Arbitrum, Base).Solana (SOL) suffered a five-hour outage, its first in nearly a year. While sentiment was not materially damaged in this instance, it likely would be if Solana were to experience repeat outages over the coming weeks. (Read the post-mortem.)EigenLayer saw a near tripling in total value locked (TVL) after the restaking protocol lifted its deposit caps temporarily. TVL is now worth $6.1B.