Bitcoin climbed higher on Friday as investors wonder if crypto has reached the bottom of the dip, following January’s heavy sell-off, and so should capitalise on the so-called bargains. The largest digital currency rose 2.8% to $38,011, but was outperformed by its closest rival Ethereum, which climbed 6.9% to $2,834.
Yuga Labs, the creator of Bored Ape Yacht Club non-fungible tokens (NFTs), is reportedly in talks over investment from tech venture capitalist firm Andreessen Horowitz (A16z) and may be eyeing a $5B valuation. The company is said to be seeking funding for a multi-million-dollar piece of the firm, according to sources for the Financial Times, with any potential deal becoming the first institutional investment in the creator of NFTs.