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Daily #Web3 Market

Updated: Mar 27

26 Mar 2024:

Coinbase Supports BlackRock's '$5 Trillion by 2030' Initiative: Coinbase's backing of BlackRock's significant plan for the crypto market has boosted the bitcoin price by 5%, positively impacting Ethereum, XRP, and the wider crypto market. This surge followed the Federal Reserve's decision to keep interest rates stable. Read more

Crypto Market Momentum Continues: The bullish momentum from 2023 has carried over into 2024, with Bitcoin, Ethereum, and other leading cryptocurrencies trading at new 52-week highs. XRP (XRP) was the worst performer with a 12% gain. Read more

Bitcoin's Price Surge to $70K: A recent analysis has unpacked the dynamics behind Bitcoin's surge to $70,000, including the effects of the upcoming halving event on the market. Read more

Record Outflows in Crypto Investments: Between March 16 and 22, there was a record outflow of $942 million from digital asset investment products, ending a seven-week influx streak. This is largely attributed to substantial outflows from Grayscale's Bitcoin Trust. Read more

Key Trends in Crypto from Binance Research: Binance Research has reported that February 2024 was a strong month for crypto, with total market capitalization increasing by 40%. This growth was fueled by BTC's price nearing its all-time high and sustained inflows from spot BTC ETFs. Read more

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