Welcome to Thursday's edition of Crypto Insider! As the week unfolds, the crypto market continues to captivate investors worldwide. Today, we bring you a curated selection of the latest news, trends, and insights shaping the digital asset landscape. Join us as we navigate through market fluctuations and uncover valuable opportunities that lie ahead. Let's dive into the heart of the crypto realm together

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

The global crypto market cap is $2.71T, a 0.72% decrease over the last day.

The total crypto market volume over the last 24 hours is $136.49B, which makes a 14.66% decrease. The total volume in DeFi is currently $12.93B, 9.47% of the total crypto market 24-hour volume. The volume of all stable coins is now $121.69B, which is 89.15% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.05%, a decrease of 0.21% over the day.

Bitcoin’s Bullish Trajectory: Samson Mow’s Bold $1 Million Prediction

Mow’s optimistic view of Bitcoin’s future is based on several factors that are synchronizing with the cryptocurrency industry.

Bitcoin’s (BTC) value may reach an all-time high of $1 million within the next year or two, according to Samson Mow, a prominent figure in the BTC community. Mow recently shared his insights on a podcast titled “The Case for $1 Million Bitcoin”.

Mow’s optimistic view of Bitcoin’s future is based on several factors that are synchronizing with the cryptocurrency industry. One key driver he mentions is the halving phenomenon, which is expected to occur in April and will reduce the block reward for mining new blocks from 6.25 BTC to 3.125 BTC. This mechanism, designed to maintain scarcity, has historically played a significant role in driving up the value of BTC.

Bitcoin Whales Are Cashing Out Amid Push To New All-Time High

Crypto analyst Ali Martinez took to X (formerly Twitter) to share a chart that showed that large Bitcoin whales were selling off some of their coins. These large whales are those that hold at least 1,000 BTC in their wallet, which means on the lower end, these whales are holding at least $73 million worth of Bitcoin on their balances.

Related Reading: Cardano Price About To Explode: Crypto Pundit Reveals Next Target

As the chart shows, there has been a decline in the total number of BTC held by these large wallets and this signifies that they have been selling their coins. After the price first ran toward its 2021 all-time high of $69,000, these whales began reducing their allocation.

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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