Crypto Round Up
Bitcoin hit $60,000 in March but then hovered around the $55,000 mark until the last few weeks, ending the week at $57,000. Ethereum achieved a record $2,100 despite the industry wide complaints about high gas fees. PayPal announced that consumers can now use cryptocurrency as a medium of exchange — a development which contributed to the recent strength in the Bitcoin price. DeFi hit a record high in value locked, with nearly $50Bn tied up in various platforms.