Euro against the US dollar drops 2.1%, marking the largest two-day decline since September 2022

Gate Ventures: Mainstream assets slightly decline, ETF net inflows and infrastructure financing remain active

The recently released Crypto Weekly Report shows that the crypto market is experiencing volatility and consolidation, with large amounts of capital flowing into BTC and ETH respectively, and market sentiment is extremely fearful. In terms of investment and financing, 13 transactions were completed with a total of $76.15 million, with infrastructure financing leading, and institutions accelerating their digital asset custody deployment.

CME February cryptocurrency contract daily average trading volume increased by 45%, with a notional value of $9.3 billion

Odaily Planet Daily reports that the derivatives market Chicago Mercantile Exchange Group (CME Group) announced that in February, the average daily trading volume of cryptocurrency contracts reached 322,000 contracts, with a notional value of $9.3 billion, a 45% increase. Among them, micro Ethereum futures daily average contract volume increased by 22%, reaching 115,000 contracts; micro Bitcoin futures daily average contract volume increased by 31%, reaching 100,000 contracts; Ethereum futures daily average contract volume increased by 65%, reaching 24,000 contracts. (PRNewswire)

Bitcoin approaches $70,000: ETF inflows of $1.45 billion over five days, short covering drives rebound

Bitcoin price has recently rebounded to around $68,000, mainly driven by institutional capital inflows and short covering. Although trading sentiment remains cautious, market optimism for short-term fluctuations has increased, but high-leverage traders remain cautious, and overall confidence is gradually recovering.

U.S.-Iran Conflict Escalates! U.S. stocks and Taiwan stocks both plummet, Bitcoin rebounds and temporarily stays above 68,000

The conflict between the US and Iran impacts the market, with TSMC's stock price plummeting to 1,895 yuan and the Taiwan Weighted Index falling by 94.9 points. Conversely, Bitcoin defies the trend and rebounds to $68,062, indicating investor risk aversion. Precious metal prices retreat, with gold dropping to a low of $5,119. Rising international oil prices influence inflation expectations, causing the probability of rate cuts to decrease to 2.6%. The US dollar index rises, and the market expects Bitcoin to break through $75,000 before confirming the end of the bull market.

U.S. SOL spot ETF had a total net inflow of $1,030,400 in a single day.

According to SoSoValue data, on March 3rd, the total net inflow for SOL spot ETFs was $1,030,400, with Franklin Solana ETF experiencing a net inflow of $732,100 and Invesco Galaxy Solana ETF experiencing a net inflow of $298,300. Currently, the total net asset value of SOL spot ETFs is $803 million.