As the week progresses, so does the momentum in the crypto sphere. Today, we embark on another exploration of the latest developments, market dynamics, and emerging trends shaping the world of digital assets. Join us as we delve deeper into the ever-evolving landscape of cryptocurrencies, providing you with valuable insights to navigate the midweek journey ahead. Let's dive in together!"

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

The global crypto market cap is $2.5T, a 1.17% decrease over the last day.

The total crypto market volume over the last 24 hours is $265.09B, which makes a 34.40% increase. The total volume in DeFi is currently $18.04B, 6.80% of the total crypto market 24-hour volume. The volume of all stable coins is now $241.31B, which is 91.03% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 52.44%, a decrease of 0.05% over the day.

Bitcoin (BTC) Rebounds after Tipping $1B Market-Wide Liquidation

Over $800M of the $1B in liquidation was accounted for by long positions, meaning leveraged bulls recorded massive losses.

The crypto market is prone to wild price volatility. March 5 was a stark reminder of this as Bitcoin (BTC) briefly retested an all-time high of $69K before dropping to $59K. The largest cryptocurrency by market capitalization shed $10K (over 10% drop) within hours, causing a wide bloodbath across the sector.

Since BTC is the barometer of the market, its drop triggered a significant portion of assets to record massive declines. Memecoins that dominated the charts, like Dogecoin (DOGE), hit massive discounts of about 30%. Additionally, Shiba Inu (SHIB) spot prices dipped by over 40% on the Binance exchange before stabilizing.

The flash crash saw leveraged traders bear the worst grant. A total of $1 billion in liquidation was reported in the past 24 hours, as per Coinglass data. Over $800M of the $1B in Bitcoin liquidation was accounted for by long positions, meaning leveraged bulls recorded massive losses.

Bitcoin Rally Continues: Analyst Predicts $70,000 Target Soon

Bitcoin continues to maintain its momentum toward the upward trajectory, touching the $68,000 price mark earlier today, leading to speculations about how long it will take to hit a new peak.

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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