Market Overview
In the past 24 hours, the price of Bitcoin (BTC) fell by about 3.06% compared with the previous day, opening at $83,680.12 and closing at $81,115.78. The highest price in 24 hours was $84,336.33 and the lowest price was $79,939.90. The current market value of Bitcoin is $1.62 trillion, accounting for 60.8% of the total market value of cryptocurrencies, down about 2.40% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) fell by about 2.29% compared with the previous day, opening at $1908.20 and closing at $1864.59. The highest price in 24 hours was $1923.09 and the lowest price was $1821.81. The current market value of Ethereum is $227.2 billion, accounting for 8.5% of the total market value of cryptocurrencies, down about 0.82% from the previous day.
In the past 24 hours, 34 of the top 100 virtual currencies by market value rose and 66 fell. The top three currencies with the largest increases were S (8.34%), TRUMP (9.44%), and XLM (3.86%). The top three currencies with the largest decreases were IP (9.07%), ENA (8.28%), and MOVE (7.15%).
ETF Data
As of press time, the total assets under management of the US Bitcoin spot ETF is $89.6 billion, with a total transaction volume of $2.53 billion on the previous day and a total outflow of $143 million on the trading day. The total assets under management of the US Ethereum spot ETF is $6.49 billion, with a total transaction volume of $274 million on the previous day and a total outflow of $73.63 million on the trading day.
As of press time, the total asset management scale of Hong Kong Bitcoin Spot ETF is US$353 million, the total transaction volume on the previous day is US$1.16 million, and the total Bitcoin inflow on the trading day is 0 BTC. The total asset management scale of Hong Kong Ethereum Spot ETF is US$36.96 million, the total transaction volume on the previous day is US$155,300, and the total Ethereum inflow on the trading day is 0 ETH.
In the past 24 hours, there were 22 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of approximately US$2.849 billion, a decrease of approximately 43.07% from the previous day, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 13 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of approximately US$661 million, a decrease of approximately 41.40% from the previous day, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 770,000, up about 4.05% from the previous day, and the current number of active addresses on Ethereum is about 1.39 million, up about 19.82% from the previous day. The top 100 Bitcoin addresses account for 15.06% of the total holdings, up 0.06% from the previous day, indicating a trend of institutional holdings. The top 100 Ethereum addresses account for about 70.5% of the total holdings, up 0.22% from the previous day, indicating a trend of institutional holdings.
The Senate Banking Committee advances the stablecoin regulation bill, and the Treasury Department discusses the custody of national Bitcoin reserves. At the same time, the Senate passed the Financial Integrity and Regulatory Management Act, and the Democratic leader of the House of Representatives opposed Trump's crypto reserve plan. In addition, Vermont withdrew its inquiry order on Coinbase's crypto staking service, and Coinbase called on Congress to advance crypto legislation.
Coinbase included DOGINME of the Base network in its coin listing roadmap; Ethereum's new test network Hooli will go online to test the Pectra upgrade on March 17. Binance said that the development of DeFi may allow Bitcoin holders to gain more benefits, and Aave Labs launched the Horizon plan to connect traditional finance with DeFi.
