Hello and welcome to Crypto Insider's Wednesday Edition! As we find ourselves at the midpoint of the week, the crypto world continues to buzz with excitement and activity. Today, we're here to provide you with a comprehensive roundup of the latest developments, market trends, and expert insights in the realm of digital assets. Join us as we delve into the most pressing topics and uncover valuable opportunities for investors and enthusiasts alike. Let's explore the dynamic landscape of cryptocurrencies together

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

The global crypto market cap is $2.74T, a 1.36% increase over the last day.

The total crypto market volume over the last 24 hours is $158.3B, which makes a 6.64% increase. The total volume in DeFi is currently $15.08B, 9.52% of the total crypto market 24-hour volume. The volume of all stable coins is now $144.53B, which is 91.30% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.24%, a decrease of 0.01% over the day.

Bitcoin Price Reclaims 100 SMA But Momentum Seems To Be Fading

Bitcoin price is still struggling to settle above the $68,000 resistance. BTC is now consolidating and might drop again toward the $63,500 support.

• Bitcoin price is struggling to clear the $68,000 and $68,500 levels.

• The price is trading above $66,000 and the 100 hourly Simple moving average.

• There is a key rising channel forming with resistance near $68,200 on the hourly chart of the BTC/USD pair (data feed from Kraken).

• The pair could start another decline and trade toward $63,500 support zone.

Bitcoin Mining Daily Revenue Reaches New Peak of Over $78M amid Macro Bullish Outlook

Bitcoin miners, who are currently receiving 900 coins per day, have significantly benefited from the recent BTC spike above $72,000 for the first time in crypto history.

Unlike the 2021 cryptocurrency bull run when Bitcoin (BTC) price reached a peak of $69,000, the flagship coin is in the early stages of a macro bull cycle after rallying above $72,000 on Monday. As a result, Bitcoin miners have significantly benefited from higher spot prices. According to market data provided by CryptoQuant, Bitcoin miners earned a whopping $78.6 million on March 7, thus surpassing the prior peak of $67.1 million that was set in April 2021.

Notably, Bitcoin miners are counting less than 40 days before the fourth halving occurs, which will reduce their daily rewards to 450 coins. As a result, Bitcoin must compensate for the halving with higher prices in order to incentivize the miners to keep securing the network. Furthermore, BTC  miners will be compelled to update their hardware components since the mining difficulty will experience a sharp uptick in the coming months.

As of this writing, the total Bitcoin mining was around 606 million hash rate TH/s, with about 35,425 Bitcoins left to mine until the next halving.

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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