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The market capitalization of the world’s foremost cryptocurrency reached a new all-time high of $1.303 trillion in U.S. dollar terms.Bitcoin’s previous market capitalization peak was in November 2021.
Memecoins are ‘rallying hard’ as retail-based market activity increases, analysts said.There are now seven memecoins in the top 100 cryptocurrencies by market capitalization.
Global digital-asset investment products witnessed a record trading volume of $30 billion last week, according to CoinShares.The crypto funds also registered their second-largest weekly net inflows of $1.8 billion, dominated by U.S. spot bitcoin ETFs.
Quick Take With bitcoin approaching all-time highs, Bernstein analysts expect a “big bang” DeFi recovery comes next. The analysts anticipate a broad-based market recovery, with DeFi leading the charge.
The meme coins are back at it again, with more impressive daily increases.
The dollar-pegged stablecoin has a current supply at its all-time high range of around 99.5 billion.Tether, USDT’s issuer, recorded its highest net profit of $2.9 billion in the fourth quarter of 2023, according to its attestation report.
Cathie Wood’s Ark Invest offloaded 217,305 Coinbase shares last week — valued at nearly $45 million as of market close on Friday.Ark also sold $11.4 million worth of Robinhood shares over the same period.
- 00:29Today's Panic and Greed Index dropped to 83, still rated as Extreme GreedThe Panic and Greed Index fell to 83 today (from 90 yesterday), with the rating remaining at Extreme Greed. Note: The panic index threshold is 0-100, including indicators: volatility (25%) + market trading volume (25%) + social media popularity (15%) + market research (15%) + Bitcoin’s popularity in the entire market Proportion (10%) + Google hot word analysis (10%).
- 00:23SOL breaks through $240, up 9.21% in 24 hoursMarket data shows that SOL broke through $240 and is now quoted at $236.73, a 24-hour increase of 9.21%. The market fluctuates greatly, so please control your risks.
- 00:16CryptoQuant founder: A Web3 ecosystem powered by stablecoins is emergingCryptoQuant founder and CEO Ki Young Ju posted on the X platform that cryptocurrency traders are like gamers, and the Web3 project is their game developers. Creating engaging experiences in Web3 is more art than business, and for the dopamine-driven individual, making money is the end game. Currently, meme coins dominate the cryptocurrency market as most altcoins lack a strong narrative based on fundamentals, but a stablecoin-driven Web3 ecosystem is emerging - a new genre for analytical investors, as RPGs are as different from FPSs as this future is so close, it’s eager to dive into it and find alpha through on-chain data.