The global crypto market cap is currently $2.76tn, down over 3% in 24h.
Major indices declined during yesterday's trading session, while the VIX rose, indicating uncertainty. Gold benefited by reaching a new all time high.
Today's market’s focus will be primarily on the release of US PCE inflation data for February, scheduled for 13:30 CET. At 15:00, the final reading of consumer sentiment and inflation expectations from the University of Michigan will be released.
In the past 24 hours, crypto liquidations came in at $423.83m, a 66% increase compared to 24 hours prior, with 85% of them long positions. ETH positions lead the market, making up over 1/3 of all liquidated positions.
According to data from Farside Investors, US BTC spot ETFs continued their inflow streak, recording a daily net inflow of $89m on Mar 27, with FBTC leading with $97.1m in inflows. IBIT also recorded a modest net inflow of $4m while BTCO and BTCW recorded net outflows of $7m and $5.1m respectively. Meanwhile, ETH ETFs recorded the 16th consecutive day of net outflows, with FETH recording $2m in outflows and ETHV recording $2.2m in outflows, amounting to a total of $4.2m.
According to the firm’s CEO Kris Marszalek, the US Securities and Exchange Commission has officially closed its investigation into Crypto.com, with no action taken against the crypto exchange.
The Sei Foundation, behind the layer-1 blockchain Sei (SEI), is considering acquiring bankrupt genomics company 23andMe with plans to put the genetic data of 15 million users on the blockchain it announced on X to give users ownership of their genetic data and ensure privacy, saying that genomic data security is a national security issue, especially as 23andMe faces financial struggles and has recently filed for Chapter 11 bankruptcy protection.
Sam Bankman-Fried, ex CEO and convicted founder of FTX, has been bounced to an Oklahoma City lockup from New York following an unauthorized jailhouse interview with Tucker Carlson.
