💰 BTC ETF MarketCap Dropped from $54.5 Billion to $50 Billion.
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📊 The 7-day rolling average of fees paid by users on Ethereum Layer 2s has reached a new all-time high, with Linea leading with an average of $500k in fees paid per day — link
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💰 The new spot Bitcoin ETFs saw record inflows of $673 million yesterday, beating the Day 1 record of $655 million. $IBIT took in a record $612 million, crossing $9 billion in assets — link
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💰 Michael Seiler’s MicroStrategy
Bitcoin investments currently have $5.7 billion in unrealized profits
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📊 The ETH/BTC ratio rose to its highest level since early January last week — link
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💰 The new nine Bitcoin ETFs have broken all time volume record today with $2.4b, just barely beating Day One but about double their recent daily average. Blackrock's $IBIT went wild accounting for $1.3b of it, breaking its record by about 30% — link
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💰 The open interest for CME Bitcoin futures has risen 58% to $6.8B in February compared to an 86% increase to around $1.1B for CME Ether futures — link
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💰 Around 70% of Bitcoin has remained untouched for over a year, indicating low market liquidity — link
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💰 Cumulative trading volume for spot Bitcoin ETFs broke past $50 billion yesterday — link | tl;dr
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💰 U.S. Bitcoin spot ETFs saw -$35.6m net outflows, first outflow day since 25th Jan 2024 — link
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🔵 Coinbase 🥇 #Bitcoin supply is at its lowest point since 2015
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🪙 USDT’s dominance in the stablecoin market is evident in the number of addresses — there, USDT consistently comprises approximately 75% to 85% of weekly activity.
USDC also shown growth in recent months, rising from around 10% to about 20% of wallet activity — link
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🥇 Trading volume of spot Bitcoin ETFs hit a record $10bn yesterday.
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⚡️ February 2024 notched the biggest monthly candle in Bitcoin history in dollar value. 🥇
It has been 29 months since BTC posted a monthly candle of this size in October 2021, the month before it made the current all-time high around $69,000.
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💰 Bitcoin had its best monthly performance since December 2020.
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💰 New record for Bitcoin ETF trading volume is officially $7.69 billion. Previous record was $4.66 billion from launch day — link
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🇺🇸 U.S. spot bitcoin ETFs now hold over 300,000 🥇 #Bitcoins in assets under management
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🪙 An Over 800,000 $ETH Reduction
“Exchanges have seen a net outflow of over 800,000 Ether, worth about $2.4 billion. It cannot be stated enough that this reduction in the Ether exchange reserve balance is extremely remarkable and, not least, bullish for Ethereum.”
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💰 Bitcoin is leaving exchanges at levels not seen since the 2022 bear market bottom
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🪙 Ethereum continues to lead in tokenized assets with 77% of the AUM ($1.85B), followed by Stellar with $336M AUM (13.9%).
Aside from Ethereum, Polygon offers the most diverse tokenized offerings, including corporate bonds, government securities, real estate, and commodities. In contrast, other blockchains only have two to three categories of tokenized assets — link
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💰 A surge of interest in Bitcoin exchange-traded funds (ETFs) is prompting some investors to swap out holdings in gold-backed ETFs — link
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💰 Bitcoin is experiencing its highest selling pressure on futures in over a month. 📉
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NEW: 💰 Bitcoin Fear & Greed index coming in at 72.
Readings above 75 are in "Extreme Greed" territory
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⚪️ World App, the first wallet built for the Worldcoin project, passed 1M daily users this week.
📈 Worldcoin ($WLD) token has surged more than 140% over the last week
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