FX.co ★ Crypto market capitalization surges by 16.3%

The market capitalization of the cryptocurrency market jumped by as much as 16.3%. According to a report prepared by Binance Research, March was very generous, even though investors seem to have cooled off a bit to spot Bitcoin ETFs. However, bitcoin funds unexpectedly collected over $12 billion in investments.

Meanwhile, memcoins, including Shiba Inu, Toncoin, and Dogecoin, just exploded. They jumped by 137.7%, 111.9%, and 70.1%, respectively. Bitcoin, not wanting to stay in the shadows, soared to a new all-time high of $73,000. Such a climb took place amid high market volatility.

Solana and Base surged by 94% and 143%, respectively. Solana also set a new record on decentralized exchanges with a trading volume of $60 billion. It seems that memcoins are now in great demand among investors.

As for the non-fungible token (NFT) market, the overall trend is upward. Total sales increased by 14.6% to $1.41 billion. Ordinals and NodeMonkes collections also showed a considerable rise.

To slightly calm down investors amid the market roller coaster, Binance claimed that clients' assets are 100% protected.