Bitcoin Nears $109K Mark as Arbitrum Sees 15% Surge: Cryptocurrency Market Overview

Bitcoin started the week close to the $108,000 mark, with unsuccessful attempts to break above this level over the weekend. The leading cryptocurrency nearly reached $109,000 before the sellers stepped in. This recent attempt coincides with MetaPlanet's Bitcoin purchase worth $108,000 and speculation about Michael Saylor's Strategy revealing a strategic purchase.

As of now, Bitcoin price has fallen back to approximately $107,700. In other crypto market news, Arbitrum’s ARB token witnessed a 15% surge, driven by rumors that Robinhood might use Arbitrum's network for its own protocol. This was followed by a fireside chat announcement involving Ethereum’s founder Vitalik Buterin and Arbitrum’s Onchain Labs CSO, A.J. Warner. Most other altcoins, however, remained largely unchanged, with few exceptions.