Crypto Market Surges: $48.54 Billion Inflows

The crypto market has been very lively recently! In the past 30 days, approximately $48.54 billion has flowed into the crypto market, setting a record since October 2021. The market value of BONK has exceeded the US$1.9 billion mark, and the market value of USDT has also reached a new high, exceeding US$100 billion.Looking at the market outlook this week, spot buyers in the mainstream currency market are still strong, and the market leverage level is gradually increasing. The sales of NFT on the Bitcoin chain exceeded 32 million US dollars in the past 24 hours, ranking first. Researchers at Greeks.Live said that almost all orders exceeding $5 million in the Bitcoin options bulk market last weekend were for buying call options.In terms of technology, BitDeer launched the Bitcoin mining chip SEAL01. In addition, Matrixport believes that the imbalance between supply and demand will continue to push up Bitcoin prices . Michael Saylor said that Bitcoin spot ETFs have triggered a decade of institutional “gold rush”.On the other hand, the transaction volume of DEX on the Solana chain exceeded US$1.9 billion yesterday, surpassing Ethereum to take the first place. However, the X account of Baseline’s first ERC420 token YES project has been frozen️.Overall, the crypto market has been strong recently and the outlook for Bitcoin is positive . Let us wait and see what exciting performance the crypto market will have next!

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