Market Overview
In the past 24 hours, the price of Bitcoin (BTC) fell by about 8.54% compared with the previous day, opening at $94,269.99 and closing at $86,220.61. The highest price in 24 hours was $94,416.46 and the lowest price was $85,117.11. The current market value of Bitcoin is $12.29, accounting for 60.7% of the total market value of cryptocurrencies, up about 2.18% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) fell by about 14.66% compared with the previous day, opening at $2518.12 and closing at $2149.01. The highest price in 24 hours was $2523.56 and the lowest price was $2097.91. The current market value of Ethereum is $1.81 trillion, accounting for 9.1% of the total market value of cryptocurrencies, down about 6.18% from the previous day.
In the past 24 hours, the top 100 virtual currencies by market value rose 6 times and fell 94 times. Among them, the top three currencies that rose were XAUT (0.49%), PAXG (0.26%), and DAI (0.05%), and the top three currencies that fell were ADA (27.12%), CRO (25.99%), and TRUMP (25.89%).
ETF Data
The total assets under management of the US Bitcoin spot ETF is $97.26 billion, with a total transaction volume of $5.99 billion on the previous day, and a total fund of $74.19 million on the trading day. The total assets under management of the US Ethereum spot ETF is $7.72 billion, with a total transaction volume of $689 million on the previous day, and a total fund of $12.1 million on the trading day.
All investments at the time of publication, the total asset management scale of Hong Kong Bitcoin Spot ETF is US$390 million, the total transaction volume on the previous day is US$12.46 million, and the Bitcoin inflow interface on the trading day is 0 BTC. The total asset management scale of Hong Kong Ethereum Spot ETF is US$46.9 million, the total transaction volume on the previous day is US$1.64 million, and the Ethereum inflow interface on the trading day is 0 ETH.
In the past 24 hours, there were 18 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of approximately US$2.967 billion, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 53 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of approximately US$2.313 billion, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 800,000, and the current number of active addresses on Ethereum is about 770,000, a 5.47% increase from the previous day. The holdings of the top 100 Bitcoin addresses fluctuated by 15%, a 0.13% increase from the previous day, indicating a trend of institutional holdings. The holdings of the top 100 Ethereum addresses are about 69.99%, a 0% increase from the previous day, showing no trend of institutional holdings.
MicroCloud Hologram Inc., listed on the Nasdaq, purchased up to $200 million in Bitcoin and other related securities derivatives, and plans to invest in cutting-edge development. At the same time, Anthropic, an AI 10x company, received high-valuation financing, CoreWeave submitted an IPO application, and FastLane Labs also completed a new round of financing, which will be used to build the MEV ecosystem.
ZKnox, supported by the Ethereum Foundation, was established to focus on improving Ethereum security and efficiency. Ethereum L2 network Zora announced the launch of its original token ZORA, which will be launched on the Base network. In addition, Solana officials said that CME plans to launch Solana futures on March 17.
Nasdaq files with SEC seeking approval to list Hedera ETF. Dojima Exchange plans to complete application for listing bitcoin futures this month, and is expected to become the first exchange in Asia to do so. El Salvador's IMF loan agreement includes bitcoin oversight conditions. Meanwhile, SEC ends investigation into Yuga Labs, NYSE files for Dogecoin ETF, SEC releases crypto group work list, Paradigm expands policy committee.
Trump's announcement to include XRP, SOL, ADA and other cryptocurrencies in the national cryptocurrency reserve has sparked heated discussions. Bernstein analysts are skeptical about this and believe that the threat is greater. The event plans to abolish the IRS "e-commerce rule". Coinbase strengthens its interaction with the Federal Reserve, but the Ethereum market experienced Turkey in February. Internationally, Trump officially announced that he would impose a 25% tariff on Canada and Mexico on March 4, and Canada is preparing to retaliate; the United States is still adjusting its sanctions exemption plan against Russia, and the United States and the United Kingdom are in communication on promoting peace in Ukraine. The United Kingdom said it has reached a new economic agreement with the United States.
