Market Overview
In the past 24 hours, the price of Bitcoin (BTC) rose by about 3.81% compared with the previous day, opening at $87,281.98 and closing at $90,606.01. The highest price in 24 hours was $91,000.00 and the lowest price was $86,334.53. The current market value of Bitcoin is $12.99 trillion, accounting for 60.6% of the total market value of cryptocurrencies, up about 3.17% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) rose by about 3.23% compared with the previous day, opening at $2171.50 and closing at $2241.59. The highest price in 24 hours was $2273.51 and the lowest price was $2155.03. The current market value of Ethereum is $1.96 trillion, accounting for 9.2% of the total market value of cryptocurrencies, up about 2.61% from the previous day.
In the past 24 hours, 78 of the top 100 virtual currencies by market value rose and 22 fell. The top three currencies with the largest increases were ONDO (20.28%), BCH (16.32%), and LINK (13.18%). The top three currencies with the largest decreases were ENA (7.62%), HYPE (5.49%), and TON (4.43%).
ETF Data
As of press time, the total assets under management of the US Bitcoin spot ETF is $102.12 billion, with a total transaction volume of $3.27 billion on the previous day and a total outflow of $38.3 million on the trading day. The total assets under management of the US Ethereum spot ETF is $8.05 billion, with a total transaction volume of $255 million on the previous day and a total outflow of $63.32 million on the trading day.
As of press time, the total asset management scale of Hong Kong Bitcoin Spot ETF is US$371 million, the total transaction volume on the previous day is US$4.09 million, and the total Bitcoin outflow on the trading day is 5.91 BTC. The total asset management scale of Hong Kong Ethereum Spot ETF is US$43.41 million, the total transaction volume on the previous day is US$434,000, and the total Ethereum inflow on the trading day is 0 ETH.
In the past 24 hours, there were 5 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of about 1.484 billion US dollars, a decrease of about 33.42% from the previous day, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 22 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of about 919 million US dollars, a decrease of about 16.45% from the previous day, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 750,000, and the current number of active addresses on Ethereum is about 790,000, up about 0.22% from the previous day. The top 100 Bitcoin addresses account for 15% of the holdings, down 0.06% from the previous day, indicating a trend of institutional reduction. The top 100 Ethereum addresses account for about 70.1% of the holdings, up 0.02% from the previous day, indicating a trend of institutional increase.
Sati platform received $600,000 in financing and intends to conduct cross-border transactions of Bitcoin and stablecoins in the WhatsApp ecosystem. Korean investors turned to silver. Coinbase restarted the tokenization of securities, Uniswap promoted the reward plan, DoubleZero completed financing to improve blockchain performance, and Discord is also exploring the possibility of an IPO this year.
BioNexus Gene Lab Corp. became the first Nasdaq-listed company to prioritize Ethereum as a strategic financial asset and released a white paper to explain the strategy. The voting results of a Republican convention in Tennessee are stored in the Bitcoin block. Michael Saylor said that Bitcoin strategic reserves have helped the United States become a network leader, and U.S. Congressman Mike Collins has also begun accepting donations in a variety of cryptocurrencies.
The US SEC Commissioner said that the crypto working group has clarified its powers and emphasized public participation in rule-making; the CFTC and SEC resumed dialogue and cooperation with staff. Bitwise and Canary submitted ETF documents, and the former Coinbase legal director joined Axelar's relevant committee. The SEC crypto working group met with Circle and others. South Korea promotes Bitcoin ETF decision-making and crypto regulation. New York State legislators proposed a bill to criminalize various cryptocurrency frauds.
Coinbase will support Renzo transactions on the Ethereum network. Ethereum Pectra upgrade has problems on the Sepolia test network. The Holesky test also failed before. There are suggestions to postpone the main network activation. The core developers will hold a meeting on March 7 to determine the release date.
