U.Today – When 30,000 BTC, a staggering amount equal to $1.88 billion at current rates, was moved to Binance, the largest cryptocurrency exchange in the world, an unexpected twist appeared on the chain, according to data from Whale Alert.

Consequently, the first transfer of 75177.38 BTC, or $4.73 billion, was sent from address “3E97A” to two other addresses: “3PXBET” and “1Pzaq,” the latter of which is the address of Binance’s cold wallet and received 30,000 BTC from the original amount.

The transaction history then reveals that 233 BTC were transferred to another cold wallet belonging to the massive black-and-yellow cryptocurrency. This address still has the 45,177 BTC that “3PXBET” received, unaltered.

When a huge company sends enormous amounts of Bitcoin to an exchange with the aim of selling it, it frequently causes panic and distrust among market players.

This combination of addresses and transactions—what is it?

Arkham Intelligence data offers a more comprehensive view. The address that contributed the first amount and the one that received 30,000 BTC both belong to Binance, based on its on-chain metadata. Additionally, the sender address is a cold wallet.

In essence, it is merely an internal technological transfer of the exchange between its wallets. Is there cause for concern? Most likely not.

As for the impact this transfer had on the price of Bitcoin, well, market players may have expected it given the size of the Binance investment. A large red candle brought the price of Bitcoin down 0.44% in just one minute.

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On July 23, the first trading day, spot Ethereum exchange-traded funds (ETFs) experienced net inflows over $100 million. Though noteworthy, this excellent start pales in comparison to the remarkable launch of Bitcoin ETFs in January. According to analysts, Ether ETFs may encounter greater difficulties in attracting the interest of conventional investors.

10% to 20% of the initial inflows for Bitcoin ETFs were realised by Ether ETFs on their first day of operation. Given Bitcoin’s higher market capitalisation, this result is expected, but it raises questions about Ether’s suitability for conventional investors. An important issuer of both Bitcoin and Ethereum exchange-traded funds (ETFs), Adrian Fritz, head of research at 21Shares, stated that “the Bitcoin Spot ETF has set new standards as the most successful ETF launch in financial history.”

Fritz noted that while Ethereum’s value proposition is more complicated and will require more educational efforts to draw investors, Bitcoin’s story as an emergent store of wealth is more straightforward and well-known. Fritz is still confident that Ethereum has the ability to attract a sizable amount of institutional interest in spite of these obstacles.

The market’s early reservations about Ether ETFs were allayed by the robust inflows that followed their introduction. Within 24 hours of the ETFs’ listing, the Ethereum Volmex Implied Volatility (EVIV) index, which gauges the 30-day expected volatility of ETH, fell by 4 points to approximately 65, as reported by CoinMarketCap. The market had been pricing in uncertainty prior to the ETF launch, but Volmex Finance founder Cole Kennelly said that the “volatility crush” that followed indicated that ETF flows would stabilise ETH spot prices.

According to Fritz, Ethereum’s value proposition is more complicated and will require more marketing in order to draw in investors than Bitcoin’s narrative of a growing store of value, which is simpler and more well understood. Fritz maintains his optimism over Ethereum’s ability to attract substantial institutional investment in spite of these obstacles.

The market’s concerns about Ether ETFs’ introduction were lessened by the funds’ robust initial inflows. Within 24 hours of the ETFs’ listing, the 30-day expected volatility of Ethereum was measured by the Ethereum Volmex Implied Volatility (EVIV) index, which fell by 4 points to approximately 65, according to CoinMarketCap. The “volatility crush” that followed the ETF introduction, according to Cole Kennelly, creator of Volmex Finance, indicates that ETF flows may stabilise ETH spot markets. Prior to the ETF debut, the market had been pricing in uncertainty.

U.Today-XRP’s remarkable 50% increase is undoubtedly raising the prospect that we may see the $1 mark on our screen soon. The asset has had significant growth and may see further gains as a result of the global market reversal.

As of late, XRP has been rising and has little trouble breaking through several obstacles. The current surge in trade activity supports the asset’s optimistic outlook. With XRP currently trading at $0.61, the next major psychological target is the $1 milestone.

Achieving this threshold would be significant for the XRP community and might signal a strong rebound after a protracted period of consolidation. XRP’s bullish momentum stems from a number of causes. First off, the overall bullishness surrounding the cryptocurrency sector has fostered favourable conditions for XRP’s price increase.

As long as Bitcoin and Ethereum show strength, altcoins like XRP will benefit from the overall market upswing. Furthermore, new rumours regarding XRP could significantly increase its value. A favourable outcome in this instance could act as a catalyst, driving XRP through the roof.

The journey of Bitcoin

Around $65,000, a crucial barrier to break through, is where Bitcoin is about to make a breakthrough. With the market moving at its current rate, the digital gold might surprise us and perform well enough to rise back above $70,000. But some things might have to line up.

Most importantly, the adoption of the Ethereum ETF might be revolutionary. A significant amount of institutional capital is anticipated to enter the market once an ETF is approved, providing much-needed support for Bitcoin. Such a breakthrough may easily propel Bitcoin above the $70,000 mark. Furthermore, the entire picture of Mt. Gox remains unknown. Given the enormous amount of Bitcoin the exchange owns, any significant liquidation might drive down prices.
Resilience is being shown by both the price and the trading volume, suggesting that investors are closely monitoring the next big move. The fact that Bitcoin has managed to stay above the 50 EMA, which has shown to be a strong resistance level, is positive.

Solana has higher goals.

Solana is about to reach $173, which is the next significant resistance level. The present price level does, however, also line up with a historical range of consolidation, which could serve as a little barrier.
Recently, Solana has shown significant bullish momentum, climbing steadily and breaking past several significant resistance levels. The 50-day moving average’s upward rise indicates that market sentiment has improved. This rising trend is further supported by strong trading volumes, which point to rising investor interest in SOL.

IMPORTANT ANNOUNCEMENT OF EXCHANGES LISTING

1.WhiteBitcoin (WBTC) Listing on BisafeAI Exchange on December 25, 2024

We are thrilled to announce the listing of WhiteBitcoin (WBTC) on the BisafeAI Exchange, effective December 25, 2024. This exciting addition provides our users with new opportunities to trade and invest in one of the most innovative digital currencies on the market.

What Is BisafeAI Exchange?

BisafeAI Exchange is The World\u2019s First AI-driven CETF, SPOT, FUTURE, OPTIONS & STAKING cryptocurrency trading Upcoming platform, designed to offer a secure, efficient, and user-friendly experience for trading digital assets. It supports a wide range of cryptocurrencies and provides advanced trading tools, real-time market data, and competitive fees. Security is a top priority, with features like two-factor authentication, encryption, and cold storage for user funds. The platform ensures regulatory compliance and offers robust customer support to assist users. Whether you are a beginner or an experienced trader, BisafeAI Exchange aims to facilitate smooth and safe trading.

Trading Details

Trading Pair: WBTC/USDT

Trading Starts: December 25, 2024

Available for Spot Trading, Future & Options Trading

Benefits for BisafeAI Exchange Users

1. Diverse Investment Opportunities: Adding WBTC to our platform provides more options for diversifying your investment portfolio.

2. Enhanced Trading Experience: With our user-friendly interface and advanced trading tools, trading WBTC will be a seamless experience.

3. Promotional Events: Stay tuned for special promotions and bonuses to celebrate the listing of WBTC.

How to Get Started

1. Register: on the BisafeAI Exchange (www.bisafe.ai) if you haven’t already.

2. Complete Verification: Ensure your account is verified to start trading.

3. Deposit Funds: Add funds to your account to begin trading WBTC.

4. Start Trading: Navigate to the trading section and select the WBTC/USDT pair to begin your trading journey.

We Recommend After Listing Of WhiteBitcoin(WBTC)

Stay Updated

Follow us on our social media channels and subscribe to our newsletter to receive the latest updates and news about WBTC and other exciting listings on BisafeAI.

We look forward to seeing you trade WhiteBitcoin (WBTC) on BisafeAI and benefiting from the unique opportunities it offers.

Happy Trading!

For further assistance, please contact our support team at dev@bisafe.ai

2. WhiteBitcoin (WBTC) to Be Listed on Belpay Exchange in Futures & Options on December 25, 2024

WhiteBitcoin (WBTC) is set to be listed on the Belpay Exchange starting December 25, 2024. This listing will include futures and options trading, marking a significant step for WBTC in expanding its trading options and accessibility for investors.

The inclusion of WBTC in Belpay Exchange’s futures and options market provides traders with new opportunities to hedge and speculate on the cryptocurrency’s price movements. The introduction of these derivatives is expected to enhance liquidity and offer more sophisticated trading strategies for WBTC holders.

Belpay Exchange, known for its robust trading platform and a wide array of financial instruments, is set to facilitate this listing to attract a broader audience to WhiteBitcoin. This strategic move underscores the growing acceptance and integration of WBTC within the cryptocurrency financial ecosystem.

support@belpay.io

3. WhiteBitcoin (WBTC) Listing at Binance, Bybit, and Polonex in Q2 2027

Introduction:

WhiteBitcoin (WBTC), a prominent cryptocurrency known for its innovative blockchain technology and robust security features, is set to make a significant move in the digital currency market. In the second quarter of 2027, WBTC will be listed on three major cryptocurrency exchanges: Binance, Bybit, and Poloniex. This strategic listing is expected to enhance liquidity, accessibility, and overall adoption of WBTC among global investors.

Binance Listing:

Binance, the world’s largest cryptocurrency exchange by trading volume, will include WBTC in its diverse portfolio of digital assets. This listing will allow Binance users to trade WBTC against various cryptocurrencies such as Bitcoin (BTC), Ethereum (ETH), and Tether (USDT). The inclusion on Binance provides WBTC with exposure to millions of traders worldwide, significantly boosting its market presence.

Bybit Listing:

Bybit, a rapidly growing derivatives exchange known for its advanced trading features and user-friendly interface, will also list WBTC. This listing will enable Bybit’s users to engage in spot trading as well as leverage WBTC for futures contracts. Bybit’s integration of WBTC is anticipated to attract both retail and institutional traders, offering new opportunities for hedging and speculation in the crypto market.

Poloniex Listing:

Poloniex, a well-established exchange known for its broad selection of altcoins and high-security standards, will add WBTC to its trading platform. The listing on Poloniex will allow users to trade WBTC with various fiat and cryptocurrency pairs. Poloniex’s reputation for reliability and security is expected to attract a diverse user base to WBTC, promoting its stability and growth.

Market Impact:

The simultaneous listing of WBTC on Binance, Bybit, and Poloniex marks a significant milestone in its development. This strategic move is expected to enhance the liquidity and trading volume of WBTC, making it more attractive to investors. The increased accessibility through these major exchanges will likely drive adoption and foster greater confidence in WBTC as a viable investment option.

Conclusion:-

The listing of WhiteBitcoin (WBTC) on BisafeAI, Belpay in Q4 2024 & Binance, Bybit, and Poloniex in Q2 2027 represents a pivotal moment in the cryptocurrency landscape. By joining forces with these leading exchanges, WBTC is poised to expand its reach and influence, solidifying its position as a key player in the digital currency market. Investors and traders are encouraged to take advantage of this opportunity to engage with WBTC on these reputable platforms, potentially benefiting from its promising prospects.

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TEAM VIP WALLET – BTC, WBTC & WEB3

Web3, or Web 3.0, is the next generation of internet services characterized by decentralized protocols, blockchain technologies, and Coin/token-based economies. It aims to create a more open, transparent, and user-centric internet. Here’s a closer look at what Web3 entails and why it matters:

Key Features of Web3.

Decentralization

• Blockchain Technology: Web3 uses blockchain to decentralize control, ensuring no single entity owns or controls the network, unlike the centralized platforms dominating Web2.

• Peer-to-Peer Networks: Users interact directly with each other, enhancing privacy and reducing dependency on centralized entities.

Trust and Transparency:

• Smart Contracts: These self-executing contracts have terms directly written into code, automatically enforcing and executing agreements, which reduces the need for intermediaries and enhances trust.

• Immutable Ledgers: Transactions are recorded on the blockchain in an immutable and transparent manner, ensuring data cannot be altered once added.

User Ownership and Control:

• Digital Assets and Coin/Token: Web3 allows the creation and ownership of digital assets and cryptocurrencies, giving users real ownership and control over their digital interactions and transactions.

• Decentralized Identity: Users maintain control over their digital identities, reducing the risks associated with data breaches and identity theft.

Economic Incentives:

• Coin/Token Economies: Cryptocurrencies and tokens incentivize participation and contributions to the ecosystem, rewarding users for their engagement.

• Decentralized Finance (DeFi): Web3 includes a range of decentralized financial services, offering alternatives to traditional financial systems and enabling more inclusive financial access.

Why Web3 Matters

Empowerment and Ownership:

• User-Centric: Web3 shifts power from centralized entities to individuals, giving them more control over their data, digital identities, and assets.

• Monetization: Creators and users can directly monetize their contributions without intermediaries, leading to fairer compensation models.

Innovation and Inclusion:

• New Business Models: Web3 fosters new business models like decentralized autonomous organizations (DAOs) and decentralized applications (dApps) that were not possible under Web2.

• Global Access: By removing barriers associated with centralized control, Web3 provides global access to financial services, information, and digital resources.

Enhanced Security and Privacy:

• Data Ownership: Users maintain ownership of their data, reducing the risk of breaches and misuse by third parties.

• Cryptographic Security: The use of cryptographic techniques enhances security, ensuring secure transactions and interactions.

Reduced Intermediary Costs:

• Efficiency: By eliminating intermediaries, Web3 reduces transaction costs and improves efficiency, making processes quicker and more cost-effective.

• Direct Interactions: Users can engage in direct transactions and interactions, streamlining processes and reducing overhead costs.

Challenges and Considerations

• Scalability: Current blockchain technologies face scalability issues that need addressing to handle large-scale applications and user bases.

• Regulation: The regulatory landscape for cryptocurrencies and blockchain is still evolving, posing potential risks and uncertainties.

• Usability: Web3 applications often have a steep learning curve, requiring further development of user-friendly interfaces for mass adoption.

• Security Risks: While blockchain itself is secure, the surrounding ecosystem (such as smart contracts and dApps) can be vulnerable to exploits and hacks.

Conclusion

Web3 represents a transformative shift in how we interact with the internet, promising greater decentralization, security, and user empowerment. Despite the challenges, the potential benefits of a more open, user-centric, and equitable internet make Web3 a critical development in the digital landscape. As the technology matures, it is likely to have profound implications for various aspects of society, from finance and governance to social interaction and digital content creation

Key Takeaways:
• Web3 wallets are essential for navigating the world of decentralized finance, acting as gateways to interact with blockchain networks and manage digital assets.

• VIP Web3 wallet come in various types. Non-custodial wallets provide user autonomy, while custodial wallets offer convenience with third-party management. Advance Blockchain wallet introduces programmable features for advanced functionalities and enhanced security.

• Popular examples of Web3 wallets include MetaMask and Trust Wallet.

Introduction:
VIP Web3 wallet have emerged as essential tools for users seeking to explore the world of cryptocurrencies and decentralized finance (DeFi). In this guide, we will discuss the fundamental concepts of Web3 wallet and their different types, followed by some popular examples.

What Is a VIP Web3 Wallet?
VIP Web3 wallet are digital wallet designed for the world of Decentralised Finance They act as gateways for users to interact with blockchain networks and decentralized applications , providing a secure way to manage cryptocurrencies, NFCs and other digital coin.
VIP Web3 Wallet vs. Crypto Wallets
Although the two terms are often used as synonymous, not all crypto wallets are compatible with DApps and DeFi platforms. So, while both VIP Web3 and crypto wallets are used to manage cryptocurrencies, VIP Web3 wallet support a wider variety of digital assets.
How VIP Web3 Wallet Work
VIP Web3 wallet are designed to provide users with full control over their digital assets. This means that users are responsible for managing their Seed Phrases and Private Key.
Typically, whenever you create a new VIP Web3 wallet, you will generate a unique seed phrase of 12 words. This is what gives total access to your crypto wallet and its private keys (used to Sign and verify transactions). Do not share your seed phrase and private keys with anyone.

Key Features of VIP Web3 Wallet
Although some features might differ from one wallet to another, most VIP Web3 wallet come with a set of key features:
• Multi-asset and multi-chain support: Support a variety of blockchain networks and digital assets, including cryptocurrencies and NFCs.
• Advance Blockchain and DeFi interoperability: Facilitate seamless interactions with Advance Blockchain, giving users access to DApps, decentralized exchanges, marketplaces, and other blockchain-based applications.
• Peer-to-peer transactions: Enable users to send and receive digital assets without the need for centralized services or intermediaries.
• Security: VIP Web3 wallet should offer robust security and implement encryption techniques to protect seed phrases and private keys from potential threats. Some also include notifications and warnings against potentially malicious websites and Advance Blockchain.
• Pseudonymity: Although most blockchain transactions are publicly available, users can create VIP Web3 wallet without sharing sensitive data or personal information.

Custodial vs. Non-Custodial Web3 Wallet
1. Non-custodial wallet
Non-custodial or self-custody wallets provide users with complete control over their assets. Popular examples include MetaMask and Trust Wallet. Non-custodial VIP Web3 wallet is considered the safest option for most traders and investors, as long as their private keys and seed phrases are kept private and secure.
2. Custodial wallets
Custodial wallets involve a third party managing private keys & Emails on behalf of users. The wallet you have in your VIP wallet account are example of a custodial wallet. While offering convenience, users must trust the custodian with their assets, so it’s important to choose a reliable and trustworthy Service Provider.
Types of Web3 Wallets
There are multiple ways to categorize Web3 and crypto wallets. In this section, we will explore some of the most common types: hardware, web, desktop, mobile, paper, smart contract, advanced blockchain wallets. Keep in mind, however, that there are overlaps between the different categories. For example, some Web3 wallets like MetaMask & VIP WEB3 are available as both web and mobile wallets.

Hardware wallets
Hardware wallets are physical devices that store cryptocurrency keys offline (cold storage), providing an extra layer of security. Even though they’re safer from online threats, they can be a bit tricky to use and access compared to other wallets. But, if you plan to keep your crypto for a long time or have a lot of it, a hardware wallet might be a good choice.
You can set up a PIN code for extra protection, and most of them let you create a backup recovery phrase in case you lose your wallet. Trezor and Ledger are popular examples of hardware crypto wallets.
Web wallets
Web wallets usually operate through a browser interface, allowing users to access their cryptocurrency holdings online. Most web wallets today are also available as mobile wallets. While convenient, users must be cautious when connecting their wallets to DeFi platforms and DApps. Interacting with malicious websites or smart contracts may put your assets at risk.
Mobile wallets
Mobile wallets operate similarly to web wallets but are specifically crafted for smartphones. They enable users to send and receive cryptocurrencies conveniently using QR codes. They also offer easy mobile access to DeFi and DApps.
However, just like computers, mobile devices are susceptible to malicious apps and malware. It’s advisable to secure a mobile wallet by encrypting it with a password and backing up your seed phrase (or private keys) in case of phone loss or malfunctions.
MetaMask, VIP Web3 Wallet, and Trust Wallet are notable examples of mobile crypto wallets. We will cover each in more detail in the next section.

Advance Blockchain wallet
Advance Blockchain wallet are managed by Advance Blockchain on the blockchain. This wallet introduces programmable, self-custodial accounts and enables advanced functionalities. Unlike traditional wallets, advanced blockchain wallet allow users to define rules and conditions for transactions, automate financial activities, and enhance security through programmable logic.
Advanced blockchain wallets often leverage blockchain technology, providing users with decentralized control over their funds and facilitating integration with DeFi applications. Security features such as multi-signature requirements, time locks, and upgradability are common aspects of advanced blockchain wallets, making them versatile tools for managing and interacting with cryptocurrencies.
Desktop wallets
Desktop wallets were more common in the early years of Bitcoin, WhiteBitcoin and cryptocurrencies. They are software applications installed on your computer, providing complete control over your cryptocurrency keys. Security relies on the user’s computer integrity, and regular backups of the wallet data are essential to prevent loss.
Paper wallets
Paper wallets are often discouraged and considered by many obsolete. They involve the physical printing or writing of cryptocurrency addresses and private keys on paper. Offering offline storage, they are resistant to online hacking but require careful handling and secure storage to prevent physical damage or loss.

Examples of Web3 Wallets

MetaMask
MetaMask stands as one of the most popular non-custodial Web3 wallets, known for its compatibility with Ethereum and various EVM-compatible blockchains, such as BNB Chain, Polygon, Avalanche, Arbitrum, and many others.
Users can use MetaMask to interact with DApps, manage digital assets, and engage in token swaps. MetaMask prioritizes user autonomy, as it doesn’t control private keys, offering a secure and intuitive experience for both beginners and experienced users.

VIP Web3 Wallet
The VIP WEB3 Wallet integrated into the VIP Wallet app, targets both new and experienced DeFi users. Leveraging advanced blockchain technology, it enhances cryptographic security by eliminating the need for a single storage location for private keys. The wallet’s Two “key shares” are distributed across the Web3 Wallet, cloud storage, and the user’s device. This approach ensures enhanced security and reduced risks of single points of failure.
VIP Web3 Wallet Features
• Easy setup: Quick creation through the VIP Wallet app with seed phrases and private keys.
• Convenience: Seamlessly connected to VIP Wallet Bridge and other service providers for easy coin swaps and exploration of DApps.
• Security measures: Wrong address protection and identification of potentially malicious Advance Blockchain, with transactions controlled by Advance Blockchain (ABC20) technology.
• Self-custody: Encrypted by Two “key shares” and a password, offering complete autonomy over assets.

Trust Wallet
Trust Wallet another prominent non-custodial wallet, offers a seamless mobile experience for managing cryptocurrencies. Supporting a wide range of blockchains, Trust Wallet enables users to store assets, explore DApps, and participate in DeFi activities. Its user-friendly interface and strong security measures make it an ideal choice for mobile users seeking both convenience and protection.

Closing Thoughts
Web3 wallets have become indispensable tools for those delving into cryptocurrencies and DeFi, allowing users to engage with blockchain networks and decentralized applications (DApps). Whether opting for MetaMask, VIP Web3 Wallet, or Trust Wallet, users should always keep their seed phrases and private keys confidential and safe.

Quick analysis of cryptocurrency prices on March 28: The value of the world market fell to $2.60 trillion.

The oldest and most valuable cryptocurrency in the world, Bitcoin (BTC), fell below $70,000 early on Thursday. There were a variety of little increases and decreases in value for several well-known cryptocurrencies, including as Ethereum (ETH), Dogecoin (DOGE), Ripple (XRP), Solana (SOL), and Litecoin (LTC). The largest gainer of the group was the Mantle (MNT) token, which increased by more than 26% in a single day. Following a 24-hour decline of more than 11 percent, Lido DAO (LDO) emerged as the largest loser of the group.

At the time of writing, the value of the entire cryptocurrency market was $2.60 trillion, a decrease of 2.52 percent in a day.

Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of bitcoin was $69,704.75, down 0.61 percent in a day.

Ethereum (ETH) Price Today
According to CoinMarketCap, the price of bitcoin was $69,704.75, down 0.61 percent in a day.

Dogecoin (DOGE) Price Today
According to CoinMarketCap data, DOGE saw a rise of 7.11 percent in a day and is currently trading at $0.1975.

Litecoin (LTC) Price Today
Litecoin experienced a 1.05 percent 24-hour decline. When I wrote this, its trading price was $95.54.

Ripple (XRP) Price Today
The price of XRP was $0.6114 after losing 2.83 percent in a day.

Solana (SOL) Price Today
The price of Solana was $182.01, a decrease of 4.83 percent in a day.

With money flowing into new US spot Bitcoin exchange-traded products, which have already seen a roughly 40% increase in value in February, the largest cryptocurrency in the world, Bitcoin, rose for a fifth day on Wednesday, closing in on $59,500 for the first time since November 2021.

At the time of writing, Ethereum was up 3.1% to $3,354, having reached another two-year high, while Bitcoin was up 4.6% at $59,186, its best since December 2021. In the meantime, during the past day, the value of the worldwide cryptocurrency market increased by 3.53% to around $2.22 trillion.

When Bitcoin crossed the $59,000 barrier, it reached a new milestone. This increase might be ascribed to the significant trading activity in Bitcoin spot ETFs, which reached $3 billion and indicated rising market demand.

To further enhance the optimistic picture is the impending Bitcoin halving event, which has historically served as a catalyst for price increases. Given the present trend of rising demand and the upbeat attitude among investors, it is very likely that Bitcoin will soon surpass its previous all-time high.

The price of Bitcoin has reached an all-time high in India thanks to the most recent bull run, which is mostly being driven by supply pressure brought on by large inflows into Bitcoin ETFs. It is anticipated that the present rally will keep going higher long after the scheduled halving in April 2024.

Following the halving event, there will be further supply pressure, which might push the price of bitcoin even higher. It is anticipated that by the end of 2024, Bitcoin will reach $100,000 assuming macroeconomic conditions continue to be favorable.

Other well-known cryptocurrencies had 4-6% increases, including Uniswap, Dogecoin, XRP, and Shiba Inu. Additionally rising were Tron, Polkadot, Toncoin, Avalanche, and BNB.

8.13% of the 24-hour volume of the cryptocurrency market is now represented by the $8.51 billion total volume in DeFi. According to data accessible on CoinMarketCap, the total amount of stablecoins is currently $94.3 billion, or 90.14% of the 24-hour volume of the whole cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, saw a spike in market capitalization to $1.163 trillion in the past day. Currently, 52.48% of the market is dominated by Bitcoin, according to CoinMarketCap. The volume of Bitcoin dropped 7% to $45.98 billion in the previous day.

The price of Ethereum (ETH) reached a high of $3,125.26 over the last seven days.

With a rare rally that has seen the coin surpass $3,100 at the time of writing, Ethereum (ETH), perhaps the most significant cryptocurrency after Bitcoin (BTC), has managed to rise above $3,000 for the first time in over 20 months. Although dealer hedging is mostly to blame for the ETH increase, there are also rumors of a bubble that could pop at any time, therefore it is generally advisable to exercise care and wait for the prices of ETH to stabilize before making a substantial investment.

Readers should be aware that coin prices and the cryptocurrency market as a whole are very erratic before continuing. It is impossible to predict with certainty how cryptocurrencies will perform in the future. The purpose of this article is to assist investors in staying abreast of the most significant events that have already occurred, as well as some noteworthy forthcoming events and current market circumstances. Before taking any calls, investors are recommended to conduct their own research.

Prices of Cryptocurrencies Over the Last Week

The total value of the cryptocurrency market was $1.80 trillion as of last Monday, February 19. The price of ETH was roughly $2,500, and the price of BTC was approximately $48,200.

The market capitalization increased to an astounding $1.99 trillion one week later.

Check Out Top Crypto Prices Today

With $5.37 billion in total volume, DeFi accounts for 10.50 percent of the market’s 24-hour volume. Regarding stablecoins, the total volume is $44.17 billion, which represents 86.39 percent of the 24-hour market volume. The total market fear and greed index, according to CoinMarketCap, was rated as “Greed” with 72 points (out of 100).

As of the time of writing, 50.65% of BTC was in use.

Bitcoin reached a high of $52,864.24 on February 20 and a low of $50,646.88 on February 24 over the last seven days.

Conversely, Ethereum saw a low of $2,887.01 on February 21 and a high of $3,125.26 on February 26.

Current Cryptocurrency Price: Within the ever-evolving realm of cryptocurrencies, the descent of Bitcoin below the $52,000 barrier marks a turning point in the market’s history. While Bitcoin is having difficulty regaining its upward momentum, other prominent cryptocurrencies including as Ethereum, Dogecoin, and Solana are managing slight declines. In light of this, the cryptocurrency community keeps a careful eye on market movements in an effort to identify the fundamental causes of price volatility. The competition for dominance in the cryptocurrency space heats up as investors examine how consumer demand is affected by BTC-spot ETF market flows. In light of this, we examine the current state of the cryptocurrency market, looking at Bitcoin’s stagnation and its wider ramifications for markets for virtual currencies.

Bitcoin (BTC) Price Today
According to CoinMarketCap, the price of bitcoin was trading at $51,587, indicating a 0.82 percent drop in a day.

A portion of the recent price movement stagnation in Bitcoin can be ascribed to the influence of BTC-spot Exchange Traded Fund (ETF) market flows. After the US vacation, investors were slow to return to the cryptocurrency market, which resulted in a decline in net inflows. According to data from BitMEX Research, net inflows decreased significantly from $323.9 million on February 16 to $135.6 million on February 21.

Important participants in the BTC-spot ETF market were also identified by the flow statistics, with iShares Bitcoin Trust (IBIT) leading the pack with net inflows of $154.3 million. ARK 21Shares Bitcoin ETF (ARKB) and Fidelity Wise Origin Bitcoin Fund (FBTC) saw a drop in net inflows, which added to the general downturn in market optimism.

Heavyweights including IBIT, FBTC, and ARKB awaited upswings in net inflows to regain investor confidence, even as early flow reports for February 22 suggested possible net outflows in the BTC-spot ETF market.