In this edition, we're diving deeper into the dynamic world of cryptocurrencies, exploring the latest trends, market insights, and investment opportunities. Whether you're a seasoned investor or just dipping your toes into the crypto space, we've got you covered.

Stay tuned for expert analysis, exclusive tips, and exciting updates as we navigate the ever-evolving landscape of digital assets.

Let's embark on this crypto journey together! 🚀"

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

The global crypto market cap is $1.65T, a 0.55% increase over the last day.

The total crypto market volume over the last 24 hours is $48.71B, which makes a 20.38% decrease. The total volume in DeFi is currently $5.77B, 11.85% of the total crypto market 24-hour volume. The volume of all stable coins is now $44.62B, which is 91.61% of the total crypto market 24-hour volume.

Bitcoin’s dominance is currently 51.14%, a decrease of 0.06% over the day.

Here Are The Largest Institutional Buyers Of Bitcoin This Week

The Spot Bitcoin ETFs have lived up to the hype, as these funds have ramped up institutional adoption of the flagship cryptocurrency, Bitcoin. This is further evident in a recent analysis that captured how much Bitcoin BlackRock and other issuers amassed in this week alone. 

Data from the on-chain analytics platform Lookonchain shows that the Spot Bitcoin ETF issuers combined to purchase over 19,908 BTC ($860 million) this week. Meanwhile, it is worth mentioning that Lookonchain’s data didn’t capture WisdomTree’s BTC purchases in its analysis, suggesting that the figure could be way higher when the asset manager’s purchases are also factored in. 

Bitcoin (BTC) Price Firm at $43,000, US Banks in Crisis-Like Situation

NYCB’s share price has tanked 40% within two days amid strong stress on its real-estate portfolio causing investor panic.

The Bitcoin price continues to hold the guard at $43,000 gaining over 2.2% on February 1. The Bitcoin community still shows strength despite growing concerns about the overall health of the US banking industry.

This is because spot Bitcoin ETFs are attracting strong inflows even after 20 days of launch. The trading volumes for spot Bitcoin ETFs have been also moving higher in recent times.

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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3Crypto Market Overview for January 31,2024