Crypto Market Overview February 13,2024

As the week unfolds, stay tuned for the latest updates, insights, and developments in the world of cryptocurrency. From market analysis to regulatory news, innovative projects to expert commentary, we've curated the top stories to keep you informed and empowered.

Join us as we explore the ever-evolving landscape of digital assets and uncover the trends shaping the future of finance. Let's dive into today's edition of the Crypto Insider Newsletter!

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

The global crypto market cap is $1.84T, a 2.05% increase over the last day.

The total crypto market volume over the last 24 hours is $93.97B, which makes a 108.04% increase. The total volume in DeFi is currently $6.62B, 7.04% of the total crypto market 24-hour volume. The volume of all stable coins is now $86B, which is 91.51% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.26%, a decrease of 0.28% over the day.

How Bitcoin ETFs could impact the average investment portfolio

  • The ETFs saw eight-figure trading volumes in their first three days of trading. BlackRock and Fidelity quickly saw significant inflows from investors, with BlackRock’s iShares Bitcoin Trust now having over $1 billion in assets under management.

    Some of the inflows come from investors who switched from other cryptocurrency investment products, with the Grayscale Bitcoin Trust (GBTC) seeing over $1 billion of outflows in just a few days. Bitcoin

    ETF proponents believe the products may bring in additional investors to cryptocurrency, as it allows them to gain exposure to BTC without managing the private keys to a wallet.

Bitcoin Records $703 Million In Inflows

Bitcoin is reported to have seen inflows totaling $703 million last week, thereby accounting for 99% of all flows into these investment products. Solana came in a distant second with an inflow of $13 million, outperforming the second-largest crypto token, Ethereum, which saw an inflow of $6.4 million. 

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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