Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, NFTs, Web3 and crypto regulation.
Vitalik Buterin has been giving Elon Musk some PC advice after Musk complained about not being able to install Microsoft Windows on his new laptop without a Microsoft account. Trading volumes for the spot Bitcoin exchange-traded funds (ETFs), excluding Grayscale, reached a new daily high on Feb. 26 as the price of Bitcoin rallied to eventually clear $57,000, boosting the total crypto market cap to over $2 trillion.
Buterin’s open-source solution to Musk’s Microsoft OS issues
Buterin invited Musk to the desktop Linux community a day after the X chief complained about not being able to install Microsoft’s Windows operating system on his newly bought computer without a Microsoft account.
On Feb. 26, Musk took to X to share that he could not use his new Microsoft Windows laptop without a Microsoft account. He added that earlier, there used to be an “option to skip signing in to or creating a Microsoft account.”
Many users on the platform added that it was still possible to use Windows without a Microsoft account, which eventually led to a community note added to Musk’s tweet. However, Musk responded to the community note, claiming the option is no longer available.
Users on X added a complex workaround process in the comment for Musk to navigate through the process, but the Tesla CEO believes the process shouldn’t be this complex.
“New nine” Spot Bitcoin ETF volumes reach new daily high
Trading volumes for the “new nine” spot Bitcoin ETFs (ex-Grayscale) reached a new daily high on Feb. 26 as the price of Bitcoin (BTC) rallied to eventually clear $57,000. Meanwhile, alarm bells are ringing over reports that the BitForex exchange has put the brakes on withdrawals and is maintaining radio silence with its customers.
Trading volumes for the nine ETFs topped $2.4 billion on Feb. 26, beating the prior record of $2.2 billion set on the first trading day on Jan. 11, according to data shared by Bloomberg ETF analyst Eric Balchunas.
It comes as Bitcoin hit $57,000 after United States trading hours on Monday, Feb. 26, rising 10.8% from $51,471 to $57,035 in less than 24 hours, according to data from TradingView data.
Bitcoin short-sellers have also racked up $158 million in losses, while Ether
ETH $3,245 short-sellers have posted $44 million in liquidations.
Meanwhile, net inflows into the 10 Bitcoin ETFs topped $515 million on Feb. 26, one of the highest days of inflows on record since the ETFs were approved on Jan. 11, according to data from Farside.
Bitcoin hits two-year high as crypto market cap blows past $2 trillion
The price of Bitcoin rallied sharply on Feb. 26 and approached $55,000 for the first time in more than two years.
Bitcoin and the broader crypto markets rallied amid news that inflows into spot BTC ETFs intensified lin the last seven days. According to CoinShares data, BTC ETF inflows totaled $598 million during the week.
Total assets under management across all crypto exchange-traded products peaked at $68.3 billion last week, the highest since December 2021, according to CoinShares’ head of research, James Butterfill.
The total cryptocurrency market capitalization rose 4.4% to $2.09 trillion, according to CoinMarketCap.
