This week has been relatively good for markets as several assets managed to post gains over the seven days. Bitcoin and Ethereum both managed some gains over the period in relation to ETFs while altcoins also dominated with gains over the week.
Bitcoin Price Review
Bitcoin managed gains ahead of an eventful week in the ETF space. Bitcoin (BTC), trading at $70.5K as of press time, had seen a 7.7% pump from its previous seven-day price, as its market cap stood at $1.38T during the same period.
*BTC* surge can be attributed to its inflows this week. As of March 28, the ETF space saw $183M in inflows, bringing the cumulative total to $12.13B. iShares Bitcoin ETF (BlackRock) saw a $95.12 million net inflow while Fidelity Wise Origin Bitcoin Fund got $69.09 million in net inflows. However, Grayscale Bitcoin Trust saw almost a $105 million net outflow.
Bitcoin ETFs: 4th Straight Day of Net Inflows to End Month.– March 28: $183M inflow.– Cumulative total: $12.13B.-> iShares Bitcoin ETF (BlackRock): $95.12 million net inflow.-> Fidelity Wise Origin Bitcoin Fund: $69.09 million net inflow.-> Grayscale Bitcoin Trust:… pic.twitter.com/hNbBNlwI6w
— Kashif Raza (@simplykashif) March 29, 2024
Ethereum Price Review
Ethereum has also had a tremendous week, posting notable gains in anticipation of Ethereum ETF approvals. Ethereum (ETH), trading at $3,609 as of press time, had seen a 6.6% pump from its previous seven-day price, as its market cap stood at $433 billion during the same period.
*ETH* surge over the week can be attributed to recent spot Ethereum ETF applications. This week saw two more financial institutions, Bitwise and Fidelity file for Spot Ethereum ETFs, an event that might have stirred optimism on Ethereum markets triggering the pump.
FIDELITY & BITWISE Already filed S-1 FILING FOR “ETH ETF” WHAT DID THE SEC CALL ETH?! “ A SECURITY “ WHAT IS AN S-1 FILING?FOR OFFERINGS (ON NEW SECURITIES)WHICH MAKES IT A “ SECURITY “ WHICH IS WHY THEIR WILL NEVER!!!!!! BE A XRP ETF.$XRP #80million #GOAT pic.twitter.com/7r7siFVatY
— KINGVALEX (@VALELORDX) March 30, 2024
Core DAO Price Review
This week’s top gainer is Core DAO (CORE), which has doubled its valuation over seven days. Core DAO, trading at $1.64 as of press time, had seen an impressive 132% pump from its previous seven-day price, as its market cap stood at $1.4 billion during the same period.
CORE’s pump can be attributed to the recent launch of coreBTC on Core Chain. The new development has enabled users to transparently bridge their BTC to a Bitcoin-secured DeFi experience on Core Chain.
2/ coreBTC allows Bitcoin holders to leverage their assets in the expansive world of DeFi on Core Chain.
— Core DAO (@Coredao_Org) March 28, 2024
Dogwifhat Price Review
Dogwifhat (WIF), a Solana meme coin, is again among the top gainers as it emerged as the second topmost gainer. Dogwifhat, trading at $4.62 as of press time, had seen an impressive 104.8% pump from its previous seven-day price, as its market cap stood at $4.7 billion during the same period.
The Dogwifhat price pump this week can be attributed to whale activity over the seven days. This week saw WIF become the 3rd largest meme coin with a $4.7 billion market capitalization, surpassing the Pepe token’s $3.3 while the largest holder chooses not to offload.
$WIF becomes 3rd largest memecoin, largest whale not taking profit Following an over 74% weekly rally, Dogwifhat became the third-largest memecoin with a $3.73 billion market capitalization, surpassing the Pepe token’s $3.3 billion market cap. The largest holder is still not… pic.twitter.com/e1Rk86Wz31
— Aden Herz (@AdenHerz) March 30, 2024
Mantle Price Review
Mantle (MNT) is this week’s third top gainer, and it also posted notable gains in today’s session. Mantle had seen a 58% pump from its previous seven-day price, as its market cap stood at $4.2 billion during the same period.
Mantle’s price surge over the period can be attributed to a new development in the network that could have sparked much enthusiasm. Mantle unveiled its Mantle Rewards Station this week which offers rewards and perks from your favourite Mantle Ecosystem dApps causing much enthusiasm in its community.
ICYMI: Mantle Rewards Station is here! Lock your $MNT and access 2.5 billion Ethena Shards with the newly unveiled Mantle Rewards Station.Mantle Rewards Station offers rewards and perks from your favorite Mantle Ecosystem dApps, making your $MNT more exciting than ever! … pic.twitter.com/hGBmPP5F9d
— Mantle (@0xMantle) March 28, 2024
