Crypto Market Overview March 11,2024

Hello and welcome to another exhilarating edition of Crypto Insider! As the new week unfolds, we embark on a journey through the ever-evolving landscape of digital assets. From groundbreaking developments to market insights, we're here to provide you with the latest news, trends, and analysis from the world of cryptocurrencies. Join us as we uncover the opportunities and navigate the challenges together. Let's dive in and make this week in crypto one to remember!"

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

The global crypto market cap is $2.71T, a 2.74% increase over the last day.

The total crypto market volume over the last 24 hours is $141.3B, which makes a 44.95% increase. The total volume in DeFi is currently $12.85B, 9.09% of the total crypto market 24-hour volume. The volume of all stable coins is now $127.37B, which is 90.14% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.28%, an increase of 0.36% over the day.

MicroStrategy uses $800M note offering to buy more Bitcoin, holds 205,000 BTC

American software technology firm MicroStrategy has completed a fresh $800 million convertible note offering, with the proceeds used to add another 12,000 BTC to its Bitcoin treasury reserve.

MicroStrategy announced its intent to offer a new round of convertible notes on March 6 as Bitcoin reached a new all-time high. The company completed the private offering on March 8, with the aggregate principal amount sold valued at $800 million.

Bitcoin Fee Shock: Network Charges Double Amidst Excitement Of $70,000 BTC

Amidst the fervor of Bitcoin’s price rally, Ordinals transactions have emerged as a driving force behind the surge in transaction fees. Our in-depth analysis reveals that Ordinals, which started the week with approximately 48,000 daily inscriptions, witnessed an extraordinary surge, surpassing 93,000 by March 8th.

This surge in daily inscriptions has not only contributed to a substantial increase in fees, with the daily average fee standing at around eight BTC but has also added a staggering $3.8 million to the total network fees for the week.

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.

DISCLAIMER:

NO FINANCIAL ADVICE– The Information on this newsletter, Crypto Insider, is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose.

The Information contained in or provided from or through different website, podcast, and blog is not intended to be and does not constitute financial advice, investment advice, trading advice, or any other advice.

The Information on this newsletter and provided from or through this newsletter is general in nature and is not specific to you the user or anyone else. You should not make any decision, financial, investment, trading or otherwise, based on any of the information presented on this website without undertaking independent due diligence and consultation with a professional broker or financial advisory.

🔴🔴🔴 I worked a lot to create this image, please consider sending a small donation to support my work. ►► My Paypal link is in my profile Thank you so much

Unlock exciting rewards! Earn FREE gifts or money with us. 🎁 

Don't miss out on valuable information - sign up now!"

Follow us for the latest updates, promotions, and more:

10,20

Reply

or to participate.