Happy Friday and welcome to another edition of Crypto Insider, your premier source for all things crypto!

As we wrap up the week, we're here to provide you with the latest news, insights, and analysis from the world of cryptocurrency. Whether you're a seasoned trader, a passionate investor, or simply curious about the future of finance, Crypto Insider has something for everyone.

In today's newsletter, we'll be diving into the most significant developments of the week, exploring key market trends, and uncovering potential opportunities on the horizon. From project updates to regulatory news, we've got you covered.

So, grab your favorite beverage, sit back, and let us guide you through the top stories shaping the crypto landscape. Get ready to end the week on an informed note with Crypto Insider Friday Edition!

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

The global crypto market cap is $1.96T, a 0.16% increase over the last day.

The total crypto market volume over the last 24 hours is $65.65B, which makes a 17.55% decrease. The total volume in DeFi is currently $5.05B, 7.69% of the total crypto market 24-hour volume. The volume of all stable coins is now $59.59B, which is 90.77% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.37%, an increase of 0.03% over the day.

Matrixport Expects Bitcoin Price to Hit $63,000 by March End, Here’s Why

Matrixport bases its Bitcoin price rally anticipation on four important factors such as Bitcoin halving, ETF inflows, US elections, and Fed policy decisions with interest rate cuts.

In their latest report, financial services platform Matrixport stated that it expects Bitcoin price to touch $63,000 by March 2024 i.e. within a month from now. this would mean another 21% in BTC price which is already up 15.6% since the beginning of 2024. Matrixport points out four major catalysts that could fuel the BTC price action.

Bitcoin Wallets Bleed: 730K Investors Exit Despite Record $7 Billion ETF Inflows

The data paints a fascinating picture. Following the SEC’s approval of 11 ETFs, the number of non-zero Bitcoin wallets initially soared, reaching a peak of nearly 53 million in January. This surge was likely fueled by the accessibility and security offered by ETFs, attracting individuals previously hesitant to directly engage with the intricacies of crypto wallets and exchanges.

However, according to data provided by Santiment, a concerning trend emerged 30 days later: nearly 730,000 fewer wallets held any Bitcoin, suggesting a potential shift towards holding through ETFs instead of directly owning the tokens. This raises questions about the long-term impact on Bitcoin’s decentralized nature and the potential for decreased on-chain activity.

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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