Crypto Market Overview February 28,2024

Get ready for a midweek dive into the world of cryptocurrency with Crypto Insider's Wednesday newsletter! Stay tuned as we unravel the latest developments, trends, and market analysis to keep you informed and ahead of the game. Let's explore the exciting opportunities and potential pitfalls together as we navigate the ever-evolving landscape of digital assets."

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

The global crypto market cap is $2.22T, a 3.75% increase over the last day.

The total crypto market volume over the last 24 hours is $107.42B, which makes a 3.96% decrease. The total volume in DeFi is currently $8.74B, 8.14% of the total crypto market 24-hour volume. The volume of all stable coins is now $96.93B, which is 90.24% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.47%, an increase of 0.61% over the day.

Bitcoin Spot ETF Inflows Eye New Record As BTC Price Touches $57,000

According to Bloomberg analyst James Seyffart, the Spot BTC ETF inflows are not slowing down. In a screenshot shared by the analyst on Tuesday, Seyffart reveals that inflows into Spot BTC ETFs climbed above $400 million.

The image shows that the Fidelity Wise Origin Bitcoin Fund is leading the charge with $243.3 million in inflows, which accounts for more than 50% of the total inflow. The ARK 21Shares Bitcoin ETF follows behind with significant inflows of $130.6 million. The third-largest inflow to a single fund for the day was recorded in the Bitwise Bitcoin ETF, which saw $37.2 million in inflows.

Crypto recaptures $2T market cap as Bitcoin climbs above $57,000

Crypto enthusiasts on the X were quick to celebrate the return to the $2 trillion mark, with some, such as The Kobeissi Letter, asking whether “new all-time highs are ahead for Bitcoin.”

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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