Why Bitcoin Price Keeps Surging; Reddit’s Crypto Investments & Uniswap’s Crucial Proposal

Join Matt and Nick as they break down the ongoing crypto rally, soaring demand for Bitcoin ETFs, Reddit’s crypto investments, and why Uniswap’s fee proposal is such a big deal for the broader altcoin market.Key Takeaways Bitcoin (BTC) continues to rally, hitting a fresh two-year high of $56,700 early this week. Strong demand for ETFs is seemingly helping drive prices higher, with Monday seeing record daily volume ($2.4B) across the new nine ETFs.Ethereum (ETH) has returned to the spotlight as the ‘Dencun’ upgrade draws nearer and speculation over a potential spot ETF in the U.S. continues.Reddit revealed that it holds BTC and ETH as investments on its balance sheet and that it may buy more in the future.The Uniswap Foundation proposed to upgrade Uniswap’s fee mechanism so that UNI stakers and delegators can earn a portion of protocol fee revenue. It’s hard to understate the significance of this proposal and how it could affect the performance of the DeFi sector.Among the other altcoin updates covered: Ethena’s USDe controversy and Blast’s mainnet release.