# Bitcoin Bounces Back

*Author: Bankless*
*Published: May 3, 2024*
*Source: https://www.bankless.com/bitcoin-bounces-back*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-629--3-.png)](https://www.bankless.com/sponsor/kraken-1682978636?ref=eigenlayer-eigen-token-geoblocking&email=true)

  

Bitcoin Bounces Back
  

  
  Published on May 3, 2024

[
  
  View in Browser

](https://bankless.com/read/briefs)
 

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
BTC Bounces Back
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/Group-15--18-.png)](https://www.bankless.com/dashboard)- 🧡 **Bitcoin bounces back.** Crypto markets undid a couple grim days with BTC touching above $63K on Friday after a broader rally of risk-on assets.
- 🎰** ZKasino arrest**. A 26yo man [believed](https://x.com/0x_Lens/status/1786317017773121796) to be the founder of VC-backed crypto gambling startup ZKasino was [arrested](https://www.fiod.nl/12-million-seized-and-arrested-in-investigation-into-gambling-platform-scam/) on suspected fraud charges and had 11.4 million euros in assets seized.
- ⬛️** Block buying more BTC.** Dorsey’s payments company Block is planning to use 10% of gross profits from its crypto business to [make BTC buys every month](https://x.com/jack/status/1786129834080419953) this year.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    Good Bad News for Crypto
  
  

  

 
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-03T170738.521.png)](https://www.bankless.com/good-bad-news-for-crypto)**📊 Back already?** Risk assets pumped this morning following weaker-than-expected employment with Bitcoin up 5%, a surge directly attributable to the increased probability of steeper and sooner interest rate cuts. *Why is bad news good for your bags?*

[Read More Analysis on Bankless.com](https://www.bankless.com/good-bad-news-for-crypto)

Prices as of 5pm ET
24hr
7d

 

       ![](https://banklesspublic.b-cdn.net/cmc.png)
    

  **Crypto**
   
          $2.32T
       

  
    
    ↗ 4.4%
    
  

   
    
    ↘ 1.7%
    
  

       ![](https://banklesspublic.b-cdn.net/btc.png)
    

  **BTC**
   
          $62,653
       

  
    
    ↗ 5.8%
    
  

   
    
    ↘ 2.2%
    
  

       ![](https://banklesspublic.b-cdn.net/eth.png)
    

  **ETH**
   
          $3,110
       

  
    
    ↗ 3.6%
    
  

   
    
    ↘ 1.3%
    
  

  

.  .  .

 
  
    

    ANALYSIS

  
  
    
   
Your Free Tokens Are Not Available

  
  
   
     
     Bankless Author: 
     
      [
       
       Jack Inabinet](https://twitter.com/JackInabinet)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/05/image---2024-05-03T170707.586.png)](https://www.bankless.com/eigenlayer-eigen-token-geoblocking)EigenLayer’s token drop was announced on Monday, but plenty of users across the globe were disgruntled that the claim page for EIGEN is "Not Available" to them.

***Who can't claim?*** Not only are residents from a expansive list of nations including the U.S. banned from claiming EIGEN, the claims site explicitly blocks users from interacting with the frontend via VPN or other proxy technologies!

*See why EigenLayer is blocking your bags *👇

[Read the Full Rundown](https://www.bankless.com/eigenlayer-eigen-token-geoblocking)
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*This article is brought to you by [MetaMask](https://www.bankless.com/sponsor/metamask-1776260643?ref=bitcoin-bounces-back)*