Start your week off right with the latest insights and updates from the world of cryptocurrency. Our curated digest covers everything from market movements to regulatory developments, new projects, and technological innovations.

Stay ahead of the curve and informed about the trends shaping the crypto landscape as you kickstart your week. Let's dive into today's top stories and explore what's happening in the exciting world of digital assets!

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.

Bitcoin 'Stronger’ Ahead of Halving: Grayscale

• Bitcoin could see a steady price increase after its halving event on lower selling pressure and new interest in native Bitcoin-based applications.

• Ordinals have revitalized Bitcoin on-chain activity and bolstered fundamentals while buying demand from spot bitcoin exchange-traded funds (ETFs), which are likely to support higher prices in the future.

Grayscale Report Shows Bitcoin Market Structure Beneficial to Price Post-Halving 2024, BTC at $48K

Grayscale noted that strong inflows into spot Bitcoin ETFs would significantly absorb the selling pressure coming from BTC miners after the halving 2024.

Over the last weekend, Bitcoin registered strong gains, with the BTC price shooting all the way to $48,489. Despite partial retracement, Bitcoin has managed to hold above $48,000. Last week, the world’s largest digital asset manager Grayscale stated that some fundamental changes to Bitcoin’s demand and supply could have a greater impact on Bitcoin’s price. This will be especially true after the Bitcoin halving event in April 2024.

In the past, Bitcoin price has rallied significantly after every halving event. Of course, it is because of the scarce supply of Bitcoins after each halving. However, Grayscale thinks that a new factor will come into play this time with the arrival of the Bitcoin exchange-traded-funds (ETFs). The report by Grayscale notes that “beyond generally positive on-chain fundamentals, Bitcoin’s market structure looks beneficial to price post-halving”.

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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