Grayscale's #Bitcoin Trust #GBTC continued to be the dominant trust product in terms of assets under management (AUM), with a significant market share of 71.8% across all trust products. The product recorded an increase of 16.1% to $17.5 billion AUM in March. - link

Following a surge in price, the leading surpassed other leading coins, recording a staggering 20.9% return and marking its highest market dominance for the year.

#BTC's market capitalisation also broke the $500bn milestone, reaching a figure not seen since June 2022. - link

Monthly Parameters Confirm Bullish Trend For Bitcoin

Currently, Bitcoin closed negotiations and the price it being supported by the monthly EMA21 at exactly $27754.86 and for the next few months it will seek resistance at $33233.55; $35,999.99; and we could have a small correction between $41999.25 and $45999.41.

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Crypto Market Daily Review

The market is down. Market cap is $1.19T, Bitcoin is trading at $27.6K.

Bitcoin was best performer in Q1 📷

#Bitcoin finished the first quarter of 2023 with gains of 71.77% — making it the best-performing asset class by some distance. The tech-heavy Nasdaq delivered more tepid growth of 20.5%, while the S&P 500 edged up 7% - link

Amount of open #BTC #bitcoin #btcusd contracts fell by 20% to 211k BTC, driven by OKX and Bybit which registered the steepest drop of 54% and 35%, respectively. It is notable that BTC open interest on Binance remained relatively flat. - link

The recent rally toward the 2021-22 cycle baseline (~$30k) has created a similar investor behavior pattern to 2019, returning a trend score above 0.75 for the past two weeks. #btc #btcusd #bitcoin #btcusdt - link

#Polygon(#Matic) - Increase Velocity and Transaction Volume

"#Bitcoin made a new low in November after reaching $18,600 in June 2022, but Polygon did not even go near the low ($0.34)."- link

#Crypto closed the quarter as one the best performing sectors in finance. #BTC was a leader, with gains of 70% YTD. In our L1 basket, SOL erased most of its post-FTX losses with gains of 100%. In the Layer 2 sector, OP hit all time highs in February. - link

Tokenized #gold #crypto assets tops $1 billion market cap amid banking crisis concerns. - link

Derivatives #trading volume rose 32.6% to $2.77tn. Spot trading volume rose 10.8% to $1.04tn. The market dominance of derivatives trading on centralised exchanges has now risen to 72.7% from 69.0% in February, registering an all-time high for its market share. - link

276,542 #BTC futures contracts were traded in March, up 30.2% since February. This only includes #CME’s Bitcoin Futures, where the underlying asset is 5 #Bitcoin. It excludes Bitcoin Micro Futures, where the underlying asset is 1/10th of a Bitcoin. - link

#Bitcoin Finally Closed Above Its 200-Week Moving Average

Bitcoin closed above its 200- week moving average ($25,400) for two weeks in a row for the first time since August 2022. 🙌🏻👏🏻 time to buy and hold - link

Funding Rates for #Ethereum dropped somewhat after we get the pull back. Rates pumping after price moves higher, indicates very reliably a pause on short time frames is coming. #BullMarket - link

There are currently 17.81 million Ethereum locked up on the Beacon Chain, although some safeguards have been put in place to prevent a rush of Ether from disrupting the market. For example, since there is a daily limit of 2,200 withdrawals, the daily maximum of unlocks. is 70,000 Ethereum.

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#Bitcoin #btcusd #btc #btcussdt Liquidity Map.

Long liquidations are just below the 200WMA and the Short liquidations are sat above massive resistance and sell wall. If we consolidate for a while this could give alts their time to shine. - Source

April has historically been one of the best months of the year for risk assets - Source

The Number Of #Bitcoin Transactions Suggests High Network Activity

From December 29, 2022, to March 7, 2023, transactions rose by 34% while price rose proportionally by 36%. - Source

#Ethereum Derivatives Show No Improvement

Despite Etherum's 35% rally in 25 days, Etherum Futures premium has not been able to break above the 5% neutral. - Source

Bulls Made 85% More Bets - Tether Market Cap Hits $80 Billion

*The weekly BTC options expiration has open interest of $1.2 billion, but the actual figure will be lower because bulls have concentrated their bets on Bitcoin price trading above $29,000.

*On April 6, USDT's outstanding market capitalization surpassed $80 billion for the first time since May 2022, with a gain of $15 billion so far in 2023.

Read More And Earn Free Cryptocurrencies - by Rubikkav

#Curve executed $32.9B of swap volume on #Ethereum in Q1, However, it only 23% of #Uniswap’s $123.7B of Ethereum #DEX volume. The gap suggests that Uniswap V3 is still the dominant AMM in #DeFi. - link