Cryptocurrency Market Update: Layer 2 Growth, Bitcoin Rises, and Major Fundraising News

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Jan 14, 2025 — 1 min read

Current Cryptocurrency Market Overview

The cryptocurrency market is witnessing notable shifts as the total value locked (TVL) in Layer 2 networks has increased to $8.88 billion, up from $8.46 billion yesterday. This growth highlights the expanding interest in Layer 2 solutions as they gain traction among users and developers.

Top Layer 2 Networks

Base: Current TVL: $3.46 billion, Change: +6.47%
Arbitrum: Current TVL: $2.90 billion, Change: +4.23%
Optimism: Current TVL: $714.82 million, Change: +4.21%
Mantle: Current TVL: $446.93 million, Change: +3.08%
Blast: Current TVL: $423.16 million, Change: +4.01%

Bitcoin and Ethereum Prices

Bitcoin (BTC) is currently priced at $96,338, marking a rise from $94,361 yesterday. Ethereum (ETH) has also seen an uptick, now trading at $3,190, up from $3,131.

Fundraising Activity

Today has been active in the fundraising arena, with a total of $325 million raised. The biggest rounds include:

Helio: $175 million
Alterya: $150 million

For the current week, cumulative fundraising has reached $383 million.

Recent News Highlights

Tether has announced plans to relocate its headquarters from the British Virgin Islands to El Salvador after obtaining a digital asset service provider license. This move signals Tether's commitment to expanding its operations in a crypto-friendly environment.

In a significant acquisition, MicroStrategy has purchased an additional 2,530 BTC for approximately $243 million, bringing its total holdings to 450,000 BTC. This purchase underscores the firm's bullish stance on Bitcoin.

BlackRock has launched its new iShares Bitcoin ETF in Canada, providing investors with a cost-effective way to gain Bitcoin exposure while ensuring secure institutional custody.

In other news, Chainalysis has acquired an AI fraud detection startup for $150 million, aiming to enhance security measures amid increasing scams in the crypto space. Meanwhile, Robinhood has been ordered to pay $45 million in a settlement with the SEC over various regulatory failures.

Layer 2 Networks Surge to $9.42B: Bitcoin Hits $103K Amid Crypto Fundraising Boom

The cryptocurrency market is experiencing a dynamic shift, with the total value locked (TVL) in Layer 2 networks rising to $9.42 billion, up from $9.30 billion yesterday. This increase reflects growing interest and investment in these networks. Among the top Layer 2 networks, Base leads with a current

Cryptocurrency Market Update: Layer 2 TVL Rises to $9.30B Amid Bitcoin and Ethereum Price Drops

The cryptocurrency market is currently experiencing notable fluctuations, as reflected in the latest data. The total value locked (TVL) on Layer 2 (L2) networks has seen an increase, now standing at $9.30 billion, up from $8.95 billion yesterday. Top L2 Networks' TVL * Base: Current: $3.72B, Yesterday:

Cryptocurrency Market Sees $8.95B Growth: Bitcoin Surges, Layer 2 Networks Thrive!

The cryptocurrency market shows a slight uptick in total value locked (TVL) across Layer 2 networks, currently standing at $8.95B, up from $8.88B yesterday. The top five Layer 2 networks are leading this growth: * Base: $3.54B (up 2.32%) * Arbitrum: $2.90B (down 0.08%) * Optimism: $717.

Cryptocurrency Market Decline: Layer 2 TVL Drops to $8.46B Amid Bitcoin and Ethereum Slumps

The cryptocurrency market is currently experiencing a notable downturn, with total value locked (TVL) on Layer 2 networks dropping to $8.46 billion from $9.01 billion yesterday. This decline reflects a broader trend impacting the top Layer 2 networks. Here’s a snapshot of the TVL across the top