Market Overview
In the past 24 hours, the price of Bitcoin (BTC) rose by about 5.52% compared with the previous day, opening at $78,595.86 and closing at $82,932.99. The highest price in 24 hours was $83,617.40 and the lowest price was $76,606.00. The current market value of Bitcoin is $1.65 trillion, accounting for 61.3% of the total market value of cryptocurrencies, up about 2.48% from the previous day.
In the past 24 hours, the price of Ethereum (ETH) rose by about 3.13% compared with the previous day, opening at $1865.11 and closing at $1923.43. The highest price in 24 hours was $1963.20 and the lowest price was $1754.28. The current market value of Ethereum is $232.2 billion, accounting for 8.6% of the total market value of cryptocurrencies, up about 0.17% from the previous day.
In the past 24 hours, 94 of the top 100 virtual currencies by market value rose and 6 fell. The top three currencies with the largest increases were KAS (23.43%), TIA (17.71%), and TAO (15.66%). The top three currencies with the largest decreases were ENA (6.55%), TRX (1.57%), and DEXE (1.35%).
ETF Data
As of press time, the total assets under management of the US Bitcoin spot ETF is $92.84 billion, with a total transaction volume of $3.07 billion on the previous day and a total outflow of $371 million on the trading day. The total assets under management of the US Ethereum spot ETF is $6.94 billion, with a total transaction volume of $374 million on the previous day and a total outflow of $21.57 million on the trading day.
As of press time, the total assets under management of the Hong Kong Bitcoin Spot ETF is US$339 million, the total transaction volume on the previous day is US$3.81 million, and the total Bitcoin outflow on the trading day is 19.01 BTC. The total assets under management of the Hong Kong Ethereum Spot ETF is US$37.43 million, the total transaction volume on the previous day is US$1.61 million, and the total Ethereum inflow on the trading day is 0 ETH.
In the past 24 hours, there were 14 transactions on the chain with a single transaction of more than 1,000 BTC, with a total amount of approximately US$2.747 billion, a decrease of approximately 29.32% from the previous day, mainly flowing to exchanges and wallet addresses. In the past 24 hours, there were 27 transactions on the chain with a single transaction of more than 10,000 ETH, with a total amount of approximately US$1.138 billion, a decrease of approximately 21.57% from the previous day, mainly flowing to exchanges.
The current number of active addresses on the Bitcoin chain is about 780,000, down about 5.12% from the previous day, and the current number of active addresses on Ethereum is about 790,000, up about 11.26% from the previous day. The top 100 Bitcoin addresses account for 15.02% of the total, down 0.19% from the previous day, indicating a trend of institutional reduction. The top 100 Ethereum addresses account for about 70.24% of the total, up 0.07% from the previous day, indicating a trend of institutional increase.
Franklin Templeton, with an asset management scale of over $1.5 trillion, joined the XRP ETF competition and submitted a prospectus on March 11. Franklin XRP Trust will issue shares and be managed by Coinbase Custody. At the same time, the SEC postponed the approval of multiple spot ETFs such as Grayscale ADA, and CBOE changed the pledge withdrawal rules for Franklin Ethereum ETF.
At a U.S. congressional hearing, senior executives of Bank of New York Mellon called for a clear regulatory framework for stablecoins and stressed the importance of custody compliance. Wall Street lawyers pointed out that stablecoins that comply with the STABLE Act can ensure asset security. At the same time, the House of Representatives abolished the IRS DeFi broker rules, Tether supported U.S. debt by holding U.S. Treasuries, and Coinbase was allowed to return to the Indian market.
Solana's ecological pledge platform Rakurai completed a $3 million seed round of financing, led by ANAGRAM, and the funds were used to improve transaction processing performance. On the same day, Vest received $5 million in financing, and BlackRock and others supported dynamic risk models. Metaplanet issued bonds to purchase Bitcoin, and Mesh completed a $82 million Series B to expand stablecoin payments.
