Welcome to Crypto Insider's Tuesday Edition! As the week gains momentum, so does the excitement in the world of cryptocurrencies. Today, we're thrilled to bring you the latest updates, trends, and insights shaping the digital asset landscape. Join us as we explore the dynamic market movements and uncover valuable opportunities for investors and enthusiasts alike. 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 $2.37T, a 6.04% decrease over the last day.

The total crypto market volume over the last 24 hours is $180.48B, which makes a 33.74% increase. The total volume in DeFi is currently $16.17B, 8.96% of the total crypto market 24-hour volume. The volume of all stable coins is now $168.1B, which is 93.14% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.02%, a decrease of 0.07% over the day.

Bitcoin to See Positive Demand Shock as RIAs Eye Crypto, Analyst Says

Butterfill stated that since the launch of spot Bitcoin ETFs in the US, the average daily demand for Bitcoin has increased to 4500 on trading days, while only approximately 921 new Bitcoin are produced each day.

James Butterfill, a crypto analyst and CoinShares Head of Research, emphasized in a blog post that Bitcoin (BTC) could experience a positive demand shock in the coming months driven by inflows from Registered Investment Advisors (RIAs).

Bitcoin Price Slides Within Range, Can Bulls Protect This Support?

Bitcoin price is moving lower from the $73,000 resistance. BTC must stay above the $67,000 support to start a fresh increase in the near term.

• Bitcoin price is correcting gains and moving lower from the $73,000 zone.

• The price is trading below $71,000 and the 100 hourly Simple moving average.

• There was a break below a key bullish trend line with support at $72,820 on the hourly chart of the BTC/USD pair (data feed from Kraken).

• The pair could revisit the $67,000 support zone in the near term.

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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