# New All-Time High?

*Author: Bankless*
*Published: Oct 29, 2024*
*Source: https://www.bankless.com/new-all-time-high*

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New All-Time High?
    
  

  
  Published on Oct 29, 2024

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.  .  .

 
  
    
      
      NEED TO KNOW
    
    
  
  
    
Bitcoin Pumps to $73K
  

  

 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/10/Group-14---2024-10-29T170623.381-1.png)](https://www.bankless.com/dashboard)- **🟠 Bitcoin Breaks $73K Again Amid Market Momentum.** BTC is within [striking distance](https://www.bankless.com/bitcoin-breaks-70k-again-amid-market-momentum) of the all-time high it hit in March.
- **😞 Consensys Lays Off 20% of Employees. **CEO Joe Lubin cites ongoing legal battles as [putting a strain on company resources](https://www.bankless.com/consensys-lays-off-160-employees-amid-ongoing-legal-battles-2).
- 👋 **dYdX Announces 35% Employee Layoffs.** Despite an upswing in the market, some teams are [struggling to stay afloat](https://www.bankless.com/dydx-layoffs).

.  .  .

 
  
    
      
      GO BANKLESS
    
    
  
  
    
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    MARKET VIBES

  
  

BTC Fights Higher
  
   
     
   
     
    
 

**📸 Daily Market Snapshot: **Bitcoin came within $200 of its all-time high this afternoon before a selloff left it just short, but traders aren't giving up on striking new highs as the asset continues to fight $73K. *What's behind the pump?* In short, it's confidence that Trump now holds frontrunner status in the presidential race and that Gary Gensler's days as SEC chair could be numbered.

Prices as of 5pm ET
24hr
7d

 

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

  **Crypto**
   
          $2.43T
       

  
    
    ↗ 3.5%
    
  

   
    
    ↗ 4.3%
    
  

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

  **BTC**
   
          $72,468
       

  
    
    ↗ 4.1%
    
  

   
    
    ↗ 7.5%
    
  

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

  **ETH**
   
          $2,624
       

  
    
    ↗ 4.1%
  

   
    
    ↘ 0.3%
  

  

.  .  .

 
  
    

ANALYSIS

  
  
    
Aerodrome's Killer Year
  
  
   
     
     Bankless Author: 
     
       [
       
        Jack Inabinet](https://www.bankless.com/author/jack)
     
    
 

[![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/10/image---2024-10-29T171421.276.png)](https://www.bankless.com/aerodromes-killer-year)**Aerodrome is undeniably special.**

From day one, this “MetaDEX” has ranked as one of the most popular applications on the Base L2. The Protocol currently [custodies](https://defillama.com/chain/Base) $1.3B in TVL (50% of all Base smart contract deposits), and its AERO token has been a top-performing DeFi asset this fall – up 125% since the start of September.

While Aerodrome’s TVL had been holding steady around $500M before parabolically exploding in early September, this lack of growth became a major hindrance for AERO price, and the token was trading 80% below all-time highs before rebounding in the September bull sprint.

![](https://storage.ghost.io/c/e4/b7/e4b77544-5a37-4f0b-8824-8440aa348476/content/images/2024/10/Xnapper-2024-10-29-16.55.07.png)*[Aerodrome's 2024 TVL Growth](https://defillama.com/protocol/aerodrome?mcap=false&tokenVolume=false&twitter=false&devMetrics=false&devCommits=false)*
*Today, we’re discussing Aerodrome’s mechanics to better understand the risks and opportunities associated with this high-flying exchange ✈️*

[Read More on Bankless.com](https://www.bankless.com/aerodromes-killer-year)
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