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

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 companies like Riot Platforms and Marathon Digital Holdings also experienced gains, increasing by 12% and 10%, respectively.