Welcome to our Sunday edition of Crypto Insider!

As you ease into the day, grab your favorite beverage and join us for a curated selection of the week's top crypto insights, trends, and analysis.

From market recaps to exclusive interviews, project updates, and expert opinions, our newsletter is your go-to source for staying informed and empowered in the ever-evolving world of cryptocurrency.

Let's take a leisurely stroll through the latest happenings in the crypto universe. Sit back, relax, and enjoy the read!

MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)

The global crypto market cap is $1.81T, a 1.19% increase over the last day.

The total crypto market volume over the last 24 hours is $46.12B, which makes a 11.99% decrease. The total volume in DeFi is currently $4.73B, 10.25% of the total crypto market 24-hour volume. The volume of all stable coins is now $41.11B, which is 89.13% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.31%, an increase of 0.25% over the day.

6-figure BTC price in 2024? Bitcoin analyst says $55K now 'worst case'

The launch of the United States’ first spot Bitcoin exchange-traded funds (ETFs) last month has opened up inroads for institutional capital.

CryptoQuant’s Ki agrees, with his latest market forecast considering the impact of the investment on Bitcoin’s realized cap.

Realized cap reflects the aggregate price at which the BTC supply last moved. According to CryptoQuant data, the ETFs’ combined inflows could add another $114 billion to the existing $451 billion tally this year alone.

BlackRock CIO Hints at Boosted Bitcoin Allocation in Portfolios

Rick Rieder, BlackRock Inc‘s (NYSE: BLK) Chief Investment Officer of global fixed income and head of global allocation, recently stated that the world’s largest asset manager might increase its exposure to Bitcoin in the coming years. While BlackRock currently holds only a small portion of its portfolios in Bitcoin, Rieder hinted at a potential shift in strategy.

BlackRock’s Bitcoin Integration Strategy

In a recent appearance on the Wall Street Journal’s Take On the Week podcast, Rieder expressed openness to the idea of integrating Bitcoin more prominently into BlackRock’s asset allocation framework. “Time will tell whether it’s gonna be a big part of the asset allocation framework,” Rieder remarked, emphasizing the importance of growing comfort levels with the cryptocurrency among investors.

Stay tuned for tomorrow's updates as we bring you the latest news and information. We will keep you informed and provide you with all the necessary details.

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