Bitcoin hit a new record high on Monday as it surged above the $72,000 level for the first time ever. The cryptocurrency has decisively broken above its November 2021 record high of $69,000 after enduring a brutal year-long bear market that included a near-80% price decline. Investors are now clamoring for more bitcoin as the supply and demand profile of the cryptocurrency appears to face an imbalance. Demand for bitcoin has been strong since the launch of spot bitcoin ETFs in January, with abou
$BTC Bitcoin hit a new record high on Monday as it surged above the $72,000 level for the first time ever.
The cryptocurrency has decisively broken above its November 2021 record high of $69,000 after enduring a brutal year-long bear market that included a near-80% price decline.
Investors are now clamoring for more bitcoin as the supply and demand profile of the cryptocurrency appears to face an imbalance.
Demand for bitcoin has been strong since the launch of spot bitcoin ETFs in January, with about $20 billion pouring into the two most popular bitcoin ETFs offered by BlackRock and Fidelity.
As of March 3rd, SOL has shown an impressive increase of 34.2% over the last seven days, trading at $130.69. Despite being the fifth-largest cryptocurrency, Solana is closing in on its competitor BNB. This surge raises questions about the sustainability of this momentum and whether Solana can continue to outpace its rivals. Several factors could contribute to Solana’s recent rise, including the performance of Solana-based meme tokens such as BONK and WIF, which are drawing more attention to the crypto network.
BONK price has increased by 115% over the past week, while WIF recorded an impressive rise of 268%. Experts are examining Solana’s total value locked (TVL) in smart contracts to determine the sustainability of SOL’s increase. Since SOL plays a significant role in decentralized applications (DApps), a higher TVL could indicate increased user interaction with and demand for Solana-based DApps.
The price of BTC has surpassed $64,000 this week and the market has experienced significant volatility, with the price fluctuating between $59,000 and $64,000, and it is currently stable above $60,000.
In the short term, it is essential to remain vigilant to potential market risks that may emerge. Firstly, the upcoming March meeting of the Federal Reserve is an important milestone, and there is a risk-off sentiment in the market due to lowered expectations of a soft landing for the US economy. Secondly, the liquidity in interbank funding may be affected by the imminent exit of the Bank Term Funding Program (BTFP).
The expectation of the Federal Reserve resuming interest rate cuts in the middle of the year remains unchanged, coupled with the increased interest expense of $34 trillion in US government bonds, the liquidity of the US dollar continues to be relatively loose. Asian funds are awaiting the launch of the Virtual Asset Spot ETF in Hong Kong, while large US institutions are waiting for a complete release of risks after the interest rate cut.
Please note that market volatility is common, and investment decisions should consider multiple factors. We will continue to monitor market trends and provide you with market updates.
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$BTC $ETH $BNB Top Crypto Gainers Today on DEXTools – BABYSORA, Spider, VEIL Despite fluctuations in Bitcoin (BTC) and Ether (ETH) prices on Tuesday, investors seeking higher returns are exploring alternative assets on DEXTools, looking for top crypto gainers today. After topping recent highs, both Bitcoin and Ether experienced pullbacks—Bitcoin to the low $51,000 range and Ether to around $2,900. With Ether failing to break above $3,000 and BTC seemingly still locked within recent $51,000-$53,000 ranges, shitcoins and meme coins trading in the on-chain markets offer a much better prospect of quick gains. Here are some of the top crypto gainers today on Ethereum, as per DEXTools. Top Crypto Gainers Today BABYSORA ($BABYSORA) A copycat version of the Sora meme coin BABYSORA ($BABYSORA) has seen an impressive 3,900% pump since its launch on Tuesday. That’s according to DEXTools, which puts its market cap at $580,000. $BABYSORA has liquidity of around $130,000 and around 370 holders.Its DEXTscore isn’t great at 81/99 and it has five concerning aspects to its smart contract.Importantly, code auditors are in disagreement over whether the token might be a honeypot scam. Investors should be careful with this shitcoin. Spider Man ($Spider) A recently launched Spider-Man-themed meme coin called Spider Man ($Spider) has pumped 230% on Wednesday. Its market cap was last around $385,000 with around $382,000 in liquidity, as per DEXTools. The token has been around since last June and only has one smart contract alert. That suggests the token probably isn’t a scam. But investors should nevertheless always do their due diligence. Its market cap has now reached an impressive $2.76 million, with over $430,000 in locked liquidity.
It has a 99/99 DEXTscore and only two concerning aspects to its smart contract. Though the implication is that the token is unlikely to be a scam, there is a 5% buy-and-sell tax. Again, investors should always do their due diligence. There’s no such thing as zero risk. has a better risk reward is getting involved in crypto.
Top Trending Cryptocurrencies Today Discover the pinnacle trending cryptocurrencies on CoinGecko. This list is taken care of by using cash which are maximum looked for within the closing 3 hours. Bluzelle, PAAL AI, and ZetaChain are the top 3 trending crypto now. In the past 24 hours, the price of Bluzelle modified by way of 18.6%, PAAL AI charge changed by using 28.7%, and ZetaChain price modified via 12.Nine%.
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Bitcoin's Stall at $52K May Foreshadow Imminent Pullback Before Higher Prices: Swissblock. Bitcoin's uptrend is supported through sturdy buying and selling volumes, a bullish signal for continuation, a FalconX record stated. #Bitcoin