Crypto jumps for joy

Surging well above $50,000 and with a total market capitalization returning to $1 trillion, Bitcoin marked International Women's Day by problem-solving, flouting biases and pretty much having it all. Might there be any room on today's hectic schedule for a new all-time high?

BTC has come a long way. The $1 trillion milestone was first reached on Feb. 19. It held for a few days.

At 8 a.m. (EST), BTC was roughly $53,900. That’s a gain of 7% since yesterday at this time. BTC’s ATH is about $58,300. A big rally, BTC’s specialty in the past year, would do the trick. BTC is up more than 80% this year.

Larger institutional investors are pouring into BTC via derivatives and securitized trust vehicles while forward-thinking technology companies – Tesla, Square and Microstrategy – are snapping it up outright.

A strengthening dollar index and rising Treasury yields seemed to have traders on edge Sunday into the early part of Monday. With BTC firmly above $52,000, some reluctant traders could possibly be ready to open new long positions (Cointelegraph).

DODO (DODO), a decentralized exchange (DEX), fell prey to a smart contract exploit within crowd-bred staking pools resulting in the loss of $2.1 million (The Daily Chain).

Then the project transparently owned up to the breach, insisted remedies were being pursued, vowed to figure out what happened, pointed to the inherent perils of fast-moving disruption – and life went on.

The DODO token shed 1% as of 6 a.m. (EST) but fought to a flat line and was on the verge of green-tint attainment. DODO is down over the past week after having the term "skyrocket" associated with it for much of last month as DODO version 2.0 debuted on the Binance Smart Chain.

"What about the bug bounty protocol you guys use?" one follower tweeted, although not snidely, and while noting, nonplussed, that it simply must not have worked, adding, "still have faith."

The intense energy of what has become a non-fungible token (NFT) hurricane is fueling a crypto superstorm.

Ethereum, wellspring of tokenization empowerment, has sprung. ETH rose 5.5% over 24 hours ending 8 a.m. (EST) Tuesday, reaching $1,800.

Chiliz (CHZ), a digital currency for sports, has gained 1,000% since Jan. 1.

Governance tokens of NFT projects have rallied. One example is the fashion auction exchange platform, Monavale (MONA); MONA shot up 50% Monday.

Enjin Coin (ENJ) rose 39%. It didn't quite get to $2 but came close. That $1.94 was good enough for a record high. The project's focus on creating a wide-ranging NFT ecosystem is beginning to pay off (Cointelegraph).

As far as what the future holds, expect a boom in NFTs tied to undervalued female athletes, predicted Alexis Ohanian, a Redditt co-founder and husband of Serena Williams.

As of March 4th, Bitcoin’s year-to-date return was about 70%, or twice as much as the next-closest competitor’s (the energy sector’s) gain, according to Goldman Sachs’ latest “Weekly Kickstart” report.

Gold, amidst rising yields, is the worst performing asset class YTD.

Goldman didn’t even include BTC in its weekly ranking of global asset-class returns as recently as mid-January. That changed as of the end of January (CoinDesk).

With BTC quietly arriving atop the Goldman weekly kickstart table, and staying there, it’s no wonder Wall Street's most venerated firm is warming to crypto.