Crypto Market Overview February 27.2024

"Welcome to another edition of Crypto Insider's Tuesday newsletter! Dive into the week with us as we unravel the latest trends, news, and insights from the ever-evolving world of cryptocurrencies. Stay ahead of the curve and explore the transformative potential of blockchain technology with us today."

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

The global crypto market cap is $2.15T, a 7.92% increase over the last day.

The total crypto market volume over the last 24 hours is $118.56B, which makes a 100.02% increase. The total volume in DeFi is currently $9.38B, 7.91% of the total crypto market 24-hour volume. The volume of all stable coins is now $108.33B, which is 91.37% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.06%, an increase of 1.39% over the day.

Spot Bitcoin ETFs accumulate 300K BTC as net inflow rises to $6B

The nine new spot Bitcoin exchange-traded funds (ETFs) have amassed 300,000 Bitcoin worth $17 billion in less than two months since their public debut on Jan. 11, with net inflows surpassing $6 billion.

holdings of the nine spot ETFs account for almost 1.5% of Bitcoin’s total supply of 21 million BTC. Amid growing demand and limited supply, the BTC price touched a new yearly high of over $57,000 on Feb. 27. Bitcoin is now only 20% down from its all-time high of nearly $69,000, and its market cap has breached $1.1 trillion.

Bitcoin Price Soars: Analyst Sets 2025 Price Target At $200,000

Bitcoin, the largest cryptocurrency asset by market cap, suddenly took off on Monday, reaching the $57,000 price mark for the first time in the last 26 months, prompting several predictions of a new all-time high before the end of 2025.

Amid the recent market surge, cryptocurrency analyst and Chief Executive Officer(CEO) of Factor LLC, Peter Brandt, has expressed his optimism towards Bitcoin, while sharing an intriguing prediction with the crypto community on the social media platform X (formerly Twitter).

Peter Brandt’s analysis delves into Bitcoin’s recent price action and how high the crypto asset could go before 2025 closes. With BTC’s current bull market cycle, Brandt has set an ambitious goal of $200,000 next year.

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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