To The Moon

Crypto Daily is our column tracking crypto market trends, offering timely insights and valuable updates to keep you informed.Crypto NewsBitcoin Touches a Six-Week High as Investors Pour Into...

0224 GMT - Bitcoin investors are watching whether this week marks an inflection point or merely a temporary bounce in a broader risk-off environment, with recent data suggesting the former, says Rachael Lucas, crypto analyst at BTC Markets. She notes bitcoin has risen about 10% over the past week, showing signs of decoupling from the S&P 500 and gold. A five-day ETF inflow streak totaling $767 million, whale holdings reaching a six-year high and a stablecoin market at record capitalization all support a structural case for bitcoin and the broader digital asset market. "Bitcoin's behavior during last week's macro stress event looked less like a speculative asset and more like a non-correlated store of value," Lucas adds. BTC Markets says investors should watch ETF inflows, whether bitcoin reaches $73,000, and whether the decoupling trend persists.

Spot Silver Falls Over 6% to $83.45/OZ

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Spot silver fell below $72 per ounce at one time, nearly erasing its gains for the year; Spot gold fell 8.9% to $4,431.86 per ounce.

ProShares Ultra Silver (AGQ) experienced a sharp decline of 15.35% during intraday trading on Thursday, reflecting heightened volatility in the silver market.The plummet comes as traders engage in...