Bitcoin (BTC) is trading at around $71,000, up about 2% over the past 24 hours, with Ethereum and Solana gaining roughly 3% to about $2,175 and $91.50, respectively, and Ripple (XRP) climbing about 1.5%. Total crypto market capitalization increased 2% to $2.51 trillion, per CoinGecko.
Spot Bitcoin ETFs posted net outflows of $74.5 million on March 24, led by Fidelity’s FBTC with $45.3 million and Bitwise’s BITB at $16.6 million. The reversal came just one day after these products attracted about $167 million in net inflows, led by IBIT’s $160.8 million contribution, according to SoSoValue. Ethereum ETFs continued to underperform, recording net outflows of $40.8 million on March 24, led by BlackRock’s ETHA with $25 million.
Bitcoin ETFs have logged roughly $2.5 billion in gross inflows in March, translating to about $1.6 billion in net flows, according to Bloomberg analyst Eric Balchunas. The House Financial Services Committee convened to examine how tokenization is reshaping capital markets, with lawmakers broadly agreeing that tokenized securities should face the same regulatory guardrails as traditional instruments, though Democrats raised concerns about anonymous wallets masking foreign ownership and the gamification of trading, per CoinDesk.
Nearly all of the Top 100 digital assets posted gains over the last 24 hours, with today’s top gainers being SIREN and MemeCore (M), which surged 114% and 40%, respectively. Monero (XMR) and Near Protocol (NEAR) are among the biggest decliners. About 81,000 leveraged traders were liquidated for $222 million in the past 24 hours, with Bitcoin accounting for $73 million and ETH for $63 million. Friday’s PCE inflation reading is the next major macro catalyst — a print above 3% could pressure Bitcoin as rate-cut expectations evaporate, while a reading below 2.8% could spark a rally.
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