Welcome to today's edition of our Crypto Insider! Stay updated with the latest happenings in the cryptocurrency world with our concise and insightful summaries.

From market movements to regulatory updates, innovative projects, and technological advancements, we've got you covered. Whether you're a seasoned investor or just starting your journey in the crypto space, our news digest provides valuable insights to keep you informed and empowered.

So buckle up and dive into today's top crypto stories! Let's explore the exciting world of digital assets together.

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

The global crypto market cap is $1.72T, a 3.79% increase over the last day.

The total crypto market volume over the last 24 hours is $58.9B, which makes a 39.02% increase. The total volume in DeFi is currently $4.78B, 8.12% of the total crypto market 24-hour volume. The volume of all stable coins is now $54.75B, which is 92.96% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.47%, an increase of 0.39% over the day.

BTC price nears $45K amid warning Bitcoin leveraged traders in control

Data from Cointelegraph Markets Pro and TradingView showed BTC price action focusing on $44,700.

The largest cryptocurrency spiked to $44,766 on Bitstamp after the Feb. 7 daily close, marking its highest levels in nearly a month.

While comparatively modest in percentage terms, the move went some way to alleviating the frustrating landscape around BTC/USD in place since mid-January. As Cointelegraph reported, the pair has remained tightly rangebound.

“Bitcoin going for it again, as we're approaching $45K. The range is still defined,” Michaël van de Poppe, founder and CEO of MN Trading, wrote in his latest analysis on X (formerly Twitter).

90% of Bitcoin Holders in Profit, BTC Price Shoots $44,500 amid Whale Accumulation

This resurgence in Bitcoin price is partially credited to the uptick in holdings among whale wallets containing over 1,000 Bitcoins.

It seems that the period of consolidation for Bitcoin is ending as BTC price has given a fresh breakout to $44,500, eyeing a further rally to $50,000. Moreover, on-chain indicators continue to show strength suggesting further gains for Bitcoin, with a strong support at $43,080.

PlanB, the creator of the Stock-to-Flow model for Bitcoin, recently shared a BTC chart indicating that 90% of all Bitcoins are currently in profit. This is the highest number of Bitcoin holders in profit since Bitcoin’s peak at $69,000 in mid-November 2021.

In a YouTube video linked in the tweet, PlanB provided a comprehensive analysis of the chart. Currently, the chart displays orange dots, signifying that 90% of all mined Bitcoins are profitable. PlanB clarified that red dots will appear on the chart when 100% of all Bitcoin becomes profitable, with red dots always following the current orange ones.

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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