# Bitcoin Roars Past $50K

*Author: Bankless*
*Published: Feb 12, 2024*
*Source: https://www.bankless.com/de/the-point-of-crypto-points*

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[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/coin_guy_2-49--5-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=the-point-of-points-in-crypto&email=true)

  

     Bitcoin Roars Past $50K
  
  

  
  Published on Feb 12, 2024

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[**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=the-point-of-points-in-crypto&email=true) — Mass adoption of decentralized & token-governed technologies.

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
   Solana Phone Hype
  
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/Group-14--31-.png)](https://www.bankless.com/dashboard)- **📲 Solana phone momentum surges. **Solana Mobile now has more than 100,000 pre-orders for its “Chapter 2” smartphone. 
- 👮‍♂️ **NY State AG expands DCG/Gemini lawsuit.** The Attorney General’s office in NY expanded the billion-dollar anti-fraud civil lawsuit against DCG and Gemini to $3B.
- 👜 **FTX unloads custody unit. **FTX Holdings is selling off the custody unit it spent $10 million acquiring to CoinList for just $500k.

.  .  .

 
  
    
      
      TODAY IN MARKETS
    
    
  
  
    
    BTC Touches $50K
  
  

  

 
 

📊** BTC roars to $50,000.** The total crypto market cap (TOTAL) broke above $1.8T resistance as Bitcoin battled $50k, setting a new cycle high! *How much higher can we go?*

[Get Today's Full Market Analysis](https://www.bankless.com/whats-next-for-bitcoin-50k)

Prices as of 6pm ET
24hr
7d

 

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

  **Crypto**
   
          $1.88T
       

  
    
    ↗ 3.3%
    
  

   
    
    ↗ 14.6%
    
  

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

  **BTC**
   
          $50,140
       

  
    
    ↗ 3.2%
    
  

   
    
    ↗ 17.8%
    
  

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

  **ETH**
   
          $2,669
       

  
    
    ↗ 6.2%
    
  

   
    
    ↗ 16.1%
    
  

  

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    ANALYSIS

  
  
    
   
  The Point of Points in Crypto
  
  
  
  
   
     
     Bankless Author: 
     
      [
       
       Arjun Chand](https://twitter.com/arjunnchand)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/image---2024-02-12T180145.054.png)](https://www.bankless.com/the-point-of-points-in-crypto)Crypto has caught a bug, and it’s not the kind one can shake off easily. It’s the *points fever*!

It's a phenomenon that’s hard to ignore, with virtually every project doing some form of points program for users. So, if you’ve found yourself asking, "**What’s the point of points?**" then today’s story will bring you up to speed on the what, where, when, and why of points in crypto.

***Let’s dive in!*** 👇

[Read the Full Analysis](https://www.bankless.com/the-point-of-points-in-crypto)
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