Market Overview
In the past 24 hours, the price of Bitcoin (BTC) fell by about 5% compared with the previous day, opening at $88,680.39 and closing at $84,250.09. The highest price in 24 hours was $89,414.15 and the lowest price was $82,256.01. The current market value of Bitcoin is $12.21 trillion, accounting for 60.4% of the total market value of cryptocurrencies, up about 0.66% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) fell by about 6.38% compared with the previous day, opening at $2495.69 and closing at $2336.37. The highest price in 24 hours was $2507.50 and the lowest price was $2253.37. The current market value of Ethereum is $2.05 trillion, accounting for 10.1% of the total market value of cryptocurrencies, down about 1.94% from the previous day.
In the past 24 hours, 57 of the top 100 virtual currencies by market value rose and 43 fell. The top three currencies with the largest increases were IP (18.24%), OP (11.46%), and APT (10.18%), and the top three currencies with the largest decreases were BGB (7.90%), ETH (5.63%), and MNT (5.54%).
ETF Data
As of press time, the total assets under management of the US Bitcoin spot ETF is $95.16 billion, with a total transaction volume of $5.79 billion on the previous day and a total outflow of $754 million on the trading day. The total assets under management of the US Ethereum spot ETF is $8.56 billion, with a total transaction volume of $657 million on the previous day and a total outflow of $94.27 million on the trading day.
As of press time, the total asset management scale of Hong Kong Bitcoin Spot ETF is US$380 million, the total transaction volume on the previous day was US$3.07 million, and the total inflow of Bitcoin on the trading day was 7.93 BTC. The total asset management scale of Hong Kong Ethereum Spot ETF is US$49.82 million, the total transaction volume on the previous day was US$361,700, and the total inflow of Ethereum on the trading day was 0.02 ETH.
In the past 24 hours, there were 49 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of approximately US$8.804 billion, an increase of approximately 46.9% from the previous day, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 43 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of approximately US$1.731 billion, a decrease of approximately 38.89% from the previous day, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 830,000, up 2.46% from the previous day, and the current number of active addresses on Ethereum is about 820,000, up 5.12% from the previous day. The top 100 Bitcoin addresses account for 14.97% of the holdings, up 0.26% from the previous day, indicating a trend of institutional holdings. The top 100 Ethereum addresses account for about 69.69% of the holdings, up 0.04% from the previous day, indicating a trend of institutional holdings.
MetaMask and Transak have partnered to add fiat currency deposit and withdrawal services for 10 networks. QuickNode will launch a $65 million "RollOut" accelerator program in March to support the next generation of layer 2 blockchain projects. Mastercard will incorporate Ondo Finance into MTN. Wormhole launched a protocol suite, Binance completed the integration of USDC in the Sui network, and Deepseek open-sourced the optimization of parallel strategies.
The House committee passed a resolution to revoke the IRS's tax rules on DeFi, which is still awaiting majority approval from both houses and the president's signature. The Treasury Secretary appointed a digital asset policy adviser. Trump held a cabinet meeting to discuss a number of issues including U.S.-Ukraine cooperation. Core Scientific plans to expand its data center. The Senate held meetings and hearings on digital assets to discuss legislative frameworks and stablecoin regulation.
Cloud computing provider CoreWeave is considering an IPO in the United States within a week, aiming to raise $4 billion with a valuation target of over $35 billion. Solana ecosystem DePIN project Shaga has completed $4 million in financing, aiming to reshape the gaming experience. In addition, crypto wallet Phantom acquired token data platform SimpleHash, which is its third acquisition in recent months.
Safe developer devices were hacked, malicious code was injected into the front end, resulting in the theft of 1.5 billion assets from ByBit, and different parties have different views on this. Binance founder CZ warned that the relevant KOL account Artists Voyage was suspected of being hacked to promote Meme coins. The pump.Fun X account leak incident is related to the previous Jupiter DAO and WIF X account hacking incidents on the chain, which exposed security vulnerabilities and regulatory shortcomings.
