# This is Why Bitcoin is Surging *Author: Bankless* *Published: Feb 28, 2024* *Source: https://www.bankless.com/fr/heres-why-bitcoin-is-surging* --- [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/Group-619--2-.png)](https://www.bankless.com/sponsor/mantle-1706216729?ref=getting-started-with-nifty-island&email=true) This is Why Bitcoin is Surging Published on Feb 28, 2024 [ View in Browser ](https://bankless.com/read/briefs) --- [**Sponsor: Mantle**](https://www.bankless.com/sponsor/mantle-1706216729?ref=getting-started-with-nifty-island&email=true) — Mass adoption of decentralized & token-governed technologies. [Visit mantle.xyz to Learn More](https://www.bankless.com/sponsor/mantle-1706216729?ref=getting-started-with-nifty-island&email=true) .  .  . NEED TO KNOW BTC Gets Extra Volatile [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/Group-14--43-.png)](https://www.bankless.com/dashboard)- **💰 BTC volatility unleashes liquidations.** Bitcoin shot for the moon this morning before a flash crash from $64k to $59k [triggered over $600 million in liquidations](https://www.coindesk.com/markets/2024/02/28/bitcoin-suddenly-plummets-7-after-hitting-64k-triggering-over-600m-crypto-liquidations/?_gl=1*ston2s*_up*MQ..*_ga*MzI1Nzg4NzY0LjE3MDkxNTQ1MjI.*_ga_VM3STRYVN8*MTcwOTE1NDUyMi4xLjAuMTcwOTE1NDUyMi4wLjAuMA..). - 📈 **ETFs hit another record.** Bitcoin spot ETF trading volume hit $7.5B today, [more than doubling the previous record](https://x.com/KobeissiLetter/status/1762949034166100044?s=20). - 🔵** Coinbase app crashes.** Amid today's rapid price swings, Coinbase users across the U.S. reported outages and [more worrisome zero-dollar balances in their accounts](https://x.com/CoinbaseSupport/status/1762899058060890556?s=20). .  .  . TODAY IN MARKETS Here's Why Bitcoin is Surging 📊** Pump rationale. **Bitcoin kissed $64k this morning before dropping 8% in 15 minutes, wicking as low as $58.7k on Binance. Volatility in crypto markets is increasing, but all-time highs are within one strong daily candle away! *Here’s why BTC surged today 👇* [Read Today's Free Analysis](https://www.bankless.com/heres-why-btc-is-surging) Prices as of 4pm ET 24hr 7d ![](https://banklesspublic.b-cdn.net/cmc.png) **Crypto** $2.23T ↗ 3.9% ↗ 14.4% ![](https://banklesspublic.b-cdn.net/btc.png) **BTC** $60,344 ↗ 6.3% ↗ 17.6% ![](https://banklesspublic.b-cdn.net/eth.png) **ETH** $3,315 ↗ 2.0% ↗ 13.5% .  .  . AIRDROP HUNTER Latest Hunt: Aftermath [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2023/12/image--16--1-1.png)](https://www.bankless.com/airdrop-hunter/aftermath-finance)**It's Airdrop Season!** Sui is becoming a hotbed of onchain activity, and Aftermath Finance is one of the top DEX aggregators on the network. We think there could be a token opportunity, and we've added seven quests for the protocol to Airdrop Hunter. **Check them all out!** 👇 [Unlock Aftermath on Airdrop Hunter](https://www.bankless.com/airdrop-hunter/aftermath-finance) .  .  . LATEST POD United Rollups of Ethereum [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/Group-12--11-.png)](https://www.bankless.com/justin-drake-ben-fisch-the-united-rollups-of-ethereum)**It's about time for a deep dive into shared sequencing.** Where the fragments of Ethereum threaten to turn the digital ecosystem into a maze of confusion, Justin Drake & Ben Fisch stand tall, illuminating the way to come and save us from the labyrinth of Ethereum’s rollup-centric roadmap. David, Justin, and Ben discuss the promises and pitfalls of the rollup future. [Watch the Full Episode](https://www.bankless.com/justin-drake-ben-fisch-the-united-rollups-of-ethereum) .  .  . TACTIC Getting Started on Nifty Island Bankless Author: [ William M. Peaster](https://twitter.com/WPeaster) [![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/02/Untitled--18--1.png)](https://www.bankless.com/getting-started-with-nifty-island)[Earlier this week](https://www.bankless.com/what-yuga-should-have-built), we dug into Yuga's missteps with Otherside and the potential for scrappier competitors to steal the community's time and attention. We particularly highlighted upstart [Nifty Island's open beta, which arrived last month](https://metaversal.banklesshq.com/p/nifty-island-airdrop) and has seen some buzz inside the crypto world. Today, we're digging in with a quick tactic on getting started with your own island and potentially qualifying for rewards down the road. - 🌐 **Access Nifty Island** — Visit [niftyisland.com](https://niftyisland.com/), log in with your wallet or social account, and accept the Terms of Service. - 🎮** Start Playing** — Launch the game from [niftyisland.com/play](https://niftyisland.com/play). Complete the tutorial to earn initial Blooms and learn the game controls, then explore different islands and try different match types.  - 🌸 **Stack Blooms** — Participate in games and daily quests to accumulate Blooms, which will increase your $ISLAND eligibility. - 🛍️ **Spend Blooms** — Use Blooms in the Nifty Marketplace to buy new assets that can enhance your island and attract more visitors to further boost your $ISLAND eligibility. - 👫 **Play Socially** — Invite friends to play on your island and share your games on social media for additional points. - 🖼️ **Collect NFTs** — Increase your [Collector Tier](https://niftyisland.com/airdrop) by holding Nifty Island NFTs and those from partner collections. [Read on Bankless.com](https://www.bankless.com/getting-started-with-nifty-island) ---