Welcome to Crypto Insider's Friday Edition! As we bid farewell to another week in the dynamic world of cryptocurrencies, we're here to bring you a roundup of the week's top stories, market movements, and expert insights. Join us as we reflect on the week's events and look ahead to what's on the horizon for the crypto landscape. Let's dive in and wrap up the week with a comprehensive overview of all things crypto

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

The global crypto market cap is $2.72T, a 0.19% decrease over the last day.

The total crypto market volume over the last 24 hours is $137.12B, which makes a 13.58% decrease. The total volume in DeFi is currently $12.99B, 9.47% of the total crypto market 24-hour volume. The volume of all stable coins is now $122.33B, which is 89.22% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.98%, a decrease of 0.28% over the day.

Why Is Bitcoin Price Down Today? 3 Key Reasons

Today’s Bitcoin price movement is a confluence of factors including massive liquidations, macroeconomic pressures, and the impact of negative Coinbase Premium alongside Bitcoin ETF dynamics. These elements combined have led to a noticeable dip in Bitcoin’s price.

#1 Long Liquidations

Today’s Bitcoin market saw a significant price drop, initiated by a sweeping liquidation event on the futures market. Over the last 24 hours, crypto trader liquidations exceeded $682.54 million across more than 191,000 traders, according to Coinglass data.

This surge in liquidations resulted in Bitcoin’s price plummeting by 8% in mere hours, falling from $72,000 to $66,500. Although there was a minor recovery, with Bitcoin’s price rebounding to the $68,000 level, it currently stands nearly 10% below its March 14 all-time high of $73,737.

Spot Bitcoin ETF Inflows to Surge to $220B by 2027, Says JPM Securities

JPM Securities emphasized that flows are most likely to increase significantly as ETF approval marks the start of a longer process of capital allocation.

In their research report on Wednesday, March 13, JMP Securities stated that the spot Bitcoin ETFs could see inflows upwards of $220 billion within the next three years by 2027. Considering the multiplier on the new capital, this could mean that the Bitcoin price could surge 4x from here to $288,000.

As we know, the total spot Bitcoin ETF inflows within just two months of their launch have surpassed $10 billion. JMP noted that the current activity and inflows are likely just the beginning, suggesting that they represent only a fraction of potential growth. They emphasized that flows are most likely to increase significantly as ETF approval marks the start of a longer process of capital allocation. JPM analysts led by Devin Ryan wrote:

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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