Crypto Market Overview February 15,2024

As the week progresses, we continue to bring you the latest updates, insights, and analyses from the ever-evolving world of cryptocurrency. From market trends to regulatory developments, innovative projects to expert opinions, our newsletter is your go-to source for staying informed and empowered in the crypto space.

Join us as we unravel the mysteries of blockchain technology, explore new investment opportunities, and uncover the trends shaping the future of finance. Let's dive into today's edition of Crypto Insider Newsletter!

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

The global crypto market cap is $1.97T, a 2.68% increase over the last day.

The total crypto market volume over the last 24 hours is $86.37B, which makes a 3.55% increase. The total volume in DeFi is currently $7.34B, 8.50% of the total crypto market 24-hour volume. The volume of all stable coins is now $78.4B, which is 90.78% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.19%, a decrease of 0.47% over the day.

Bitcoin Shows Mettle With $52K Breach

Bitcoin bulls are back in charge, with the world’s leading cryptocurrency surging past $52,000 on Wednesday following a long hiatus.

This rally comes on the heels of a brief dip below $50,000 triggered by hotter-than-expected US inflation data, but investors shrugged it off, demonstrating resilient confidence in the digital asset’s future. Bitcoin is up more than 21% so far this year.

Bitcoin ETFs account for about 75% of new investments — CryptoQuant

An estimated 75% of new Bitcoin investments come from the 10 spot Bitcoin exchange-traded funds (ETFs) that were approved in the United States on Jan. 11.

In the past two weeks, over three-quarters of new Bitcoin $52,240

investments originated from spot Bitcoin ETFs, excluding Grayscale’s Bitcoin Trust (GBTC) ETF, according to a Feb. 14 report by on-chain data analytics firm CryptoQuant.

“We estimate over 75% of new investment into Bitcoin are coming from these ETFs. Moreover, investment from these ETFs has increased to 2% of the total historical investment in Bitcoin in just one month as measured by the realized market capitalization,” the report said.

Bitcoin rose 1.8% in the 24 hours leading up to 10:45 am UTC on Feb. 15 to trade at $52,354. Bitcoin reached a two-year high of $51,000 on Feb. 14, propelling its market capitalization above $1 trillion for the first time since November 2021. The total crypto market capitalization is $1.96 trillion, up 2.01% on the day at the time of,

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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