, the world's largest digital asset, traded at $67,000, up 3% on a 24-hour basis, and ether traded 2.3% higher above $3,400. The), a measure of the most liquid cryptocurrencies, was up around 3.2% at press time. Bradley Park, an analyst at CryptoQuant, attributes the gains to the market digesting on Ethereum. Other tokens gaining on Monday were Internet Computer , which added 20%, Ondo Finance’s ONDO, rising 15%, and Near protocol , also about 15% higher over 24 hours..
Coinbase noted that net outflows amounted to $836 million between March 18 and March 21. Bitcoin slipped below $63,000 last week as the outflows sped up. It was recently trading at around $66,800. There is little insight into what drove the surge in outflows from the Grayscale Bitcoin Trust , which reached $1.83 billion in total over four days, the report said.The daily count surged to nearly 10,000 early this month.
The increased network activity, fueled by memecoins and politically-themed tokens, has users rushing to purchase the token to access the Solana ecosystem, 21Shares said. That's creating a reflexive demand for Solana's SOL token analogous to the impact on ETH during 2017's ICO craze, 21Shares added.in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.
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