February 29, 2024

Crypto Markets Rally After Bitcoin ETFs See $400M Of Daily Inflows

Bitcoin’s market capitalization approaches $1T, while Ether trades at $2,500.

It’s been a good week in the crypto markets, with eight of the top 10 tokens by market capitalization posting solid gains over the past seven days.

Bitcoin is currently trading around $47,600 after briefly surpassing the $48,000 mark earlier today, notching a 10.7% gain on the week. Its market capitalization is approaching the trillion-dollar milestone, with Coingecko reporting it at $934B.

BTC Price chart
BTC Price

Ethereum is changing hands for $2,500, a 9% surge over the past seven days. The network’s market cap has surpassed $300B at the time of writing.