Start your Monday on the right note as we bring you the latest updates, insights, and analysis from the ever-evolving world of cryptocurrencies. From market trends to regulatory developments, our newsletter has you covered. Let's dive into the week ahead and uncover the potential opportunities together!"

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

The global crypto market cap is $2.46T, a 4.01% increase over the last day.

The total crypto market volume over the last 24 hours is $150.12B, which makes a 57.15% increase. The total volume in DeFi is currently $10.41B, 6.93% of the total crypto market 24-hour volume. The volume of all stable coins is now $134.07B, which is 89.30% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 53.21%, an increase of 1.06% over the day.

Bitcoin Price Hitting Unprecedented Heights Globally, BTC Over $65K

The recent price surge has led to a spike in liquidations of leveraged Bitcoin positions, particularly short positions.

Bitcoin has once again captured the spotlight with its remarkable journey towards and beyond the $65,000 milestone, setting new records against the euro and pound and approaching its all-time high in US dollar terms.

Market Dynamics and Trading Volume Insights

A significant shift in Bitcoin’s trading patterns has been observed, with weekend trading volumes experiencing a notable decline. Since the start of 2024, only 13% of Bitcoin transactions took place on Saturdays and Sundays, a decrease from 17% in the previous year and down from 24% in 2018. This trend suggests a maturation of the Bitcoin market, with institutional investors playing a more prominent role and adhering to traditional trading hours.

Additionally, the recent price surge has led to a spike in liquidations of leveraged Bitcoin positions, particularly short positions. Over $80 million in Bitcoin positions were liquidated, with the majority being shorted, according to CoinGlass data. Moreover, $160 million worth of short positions were liquidated in the last 24 hours, while the liquidation across centralized exchanges is excluded at $251 million.

Bitcoin Profitability Reaches 97% For The First Time In Over 2 Years

Bitcoin has had an eventful few weeks in terms of price action. The world’s largest crypto is currently at a 19% increase in the past seven days and a 43% increase in the past 30 days, its highest percentage gain in over a year. As a result, a huge number of BTC addresses have been pushed into the profitability zone. For the first time in over two years, 97% of all Bitcoin addresses are now in profit.

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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