Eigen Layer Attracts $6 Billion in TVL, Jupiter Launchpad Candidates

Feb 9, 2024
Market Update Bitcoin's value has increased by 6% in the past day, surpassing $47k. This surge is attributed to various factors, including ETF flows, short liquidations, and the typically positive sentiment around the performance of $BTC during the Chinese New Year. Additional factors contributing to Bitcoin's rally include a decrease in sales by miners and potential positive influence from stock markets surging to all-time highs. CryptoQuant, an on-chain analytics firm, noted a slowdown in Bitcoin sales from miners' wallets, indicating a reduction in selling activity. Yesterday, Bitcoin ETFs experienced significant flows of over $400 million, marking the third-largest daily input since their inception, with total inflows now exceeding $2 billion. Over the last two weeks, the asset has seen nearly a 15% increase, mitigating previous losses after the launch of anticipated spot Bitcoin ETFs, which resulted in a "sell-the-news" scenario. In related news, publicly listed cryptocurrency companies continue to see their stock values increase following Bitcoin's upswing. CleanSpark, a Bitcoin mining company, led the charge with nearly a 36% increase following a reported profit of $25.9 million last quarter, a significant improvement from a $29 million loss the previous year. Other compa

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