Bitcoin price surge causes app crash, crypto market cap grows

TechCrunch February 29, 2024, 11:00 PM UTC

Summary: Bitcoin's price surged over $60,000, causing Coinbase's app to crash. Telegram introduced a rewards plan using toncoin on the TON blockchain. Nigerian crypto users faced exchange difficulties. Bitcoin and ether rose by 23.6% and 18%, respectively, with the total crypto market cap reaching $2.34 trillion. Notable funding includes Silence Laboratories securing $4.1 million and Initia raising $7.5 million. Ethereum-based Etherfi raised $27 million.

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