Over the last 30 days, Cryptocurrency markets have experienced extreme volatility. The last two days have seen crypto markets crash and recover, with BTC hitting below $49k as altcoins also declined simultaneously.Source: Coinglass
Equally, Coinglass showed that the net assets remain at $48 billion. The data shows a positive market response to ETFs as crypto tokens continue to show uncertainty.Since the launch of Ethereum ETFs last month, they have reported high outflow, which has affected ETH prices. Therefore, with ETF holders holding positions, BTC ETF trading volume soared to $5.2 billion, even outpacing January trading volume after the launch.
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