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- Crypto Market Overview March 7,2024
Crypto Market Overview March 7,2024

Welcome to Thursday's edition of the Crypto Insider newsletter! As the week progresses, the crypto market continues to captivate investors worldwide. Today, we bring you a fresh dose of insights, analysis, and updates from the ever-evolving world of digital assets. Join us as we delve into the latest trends, news, and market movements, providing you with the knowledge you need to navigate the crypto landscape with confidence. Let's dive in and uncover the opportunities awaiting in this dynamic market!"
MARKET OVERVIEW (Today's Cryptocurrency Prices by Market Cap)
The global crypto market cap is $2.56T, a 1.94% increase over the last day.
The total crypto market volume over the last 24 hours is $138.15B, which makes a 40.65% decrease. The total volume in DeFi is currently $12.64B, 9.15% of the total crypto market 24-hour volume. The volume of all stable coins is now $126.19B, which is 91.34% of the total crypto market 24-hour volume.
Bitcoin’s dominance is currently 52.16%, a decrease of 0.40% over the day.

Brave Browser Embraces Bitcoin (BTC), Enabling Seamless Crypto Integration for Users
The latest desktop version (1.63) of Brave Wallet introduces Native SegWit Bitcoin accounts, a cutting-edge feature that offers users lower transaction fees and enhanced error detection capabilities.
Brave, a privacy-centric web browser, has unveiled an update that integrates Bitcoin (BTC) support into its built-in crypto wallet. This strategic move opens up possibilities for Brave’s active users, allowing them to effortlessly create and manage their BTC accounts directly within the browser’s desktop intuitive interface.
The latest desktop version (1.63) of Brave Wallet introduces Native SegWit Bitcoin accounts, a cutting-edge feature that offers users lower transaction fees and enhanced error detection capabilities. This innovative implementation streamlines the coin experience and ensures heightened security and reliability for users’ digital asset transactions.
Why Did Bitcoin Price Crash 10% After Reaching $69,000 All-Time High?
The flagship crypto token, Bitcoin, finally hit a new all-time high (ATH) on March 5 but quickly dipped by over 10% after this price surge. As explained by this market analyst, this sharp correction was to be expected and could become a norm heading into the bull market.
“Bull Markets Are Not Straight Lines Up”
Alex Thorn, Head of Research at Galaxy Digital, noted in an X (formerly Twitter) post that the market doesn’t move to the upside unfettered, even in a bull market, and corrections are to be expected. He alluded to the 2021 bull run, where Bitcoin experienced around 13 corrections of 10% or more between 2020 and the peak when the crypto token hit its previous ATH.
Thorn also referenced the 2017 bull run, noting that the same thing occurred then as Bitcoin experienced 13 drawdowns of 12% or more. Therefore, what happened with Bitcoin recently isn’t unusual, and more corrections are likely to occur as the crypto token hits new highs on its way to the peak of this market cycle.
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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