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Major cryptocurrencies surged on Monday evening as Bitcoins price rally showed no signs of slowing down.CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EST)Bitcoin BTC/USD +8.07%$68,681Ethereum ETH/USD +5.07%$3,659Dogecoin DOGE/USD +30.36%$0.19

What Happened: This led to BTC reaching a new all-time high market capitalization, reaching $1.33 trillion.

Bitcoins market capitalization has surged due to the inflow of funds into spot BTC exchange-traded funds (ETFs), the upcoming halving event, and growing investor interest in the cryptocurrency.

Bitcoins market cap has surged to an all-time high, spurring a surge in investor sentiment towards extreme greed, as indicated by the Crypto Fear & Greed index. On March 3, the level of greed peaked at 90, marking the highest point observed since Nov. 8, 2021.

BTC exceeded the $1.3 trillion market capitalization threshold and is swiftly approaching silvers market cap of $1.4 trillion.

In Mondays trading session, Bitcoin shorts experienced a squeezing effect, leading to the liquidation of approximately $250 million in leveraged bets, primarily shorts, as per CoinGlass data. Within the last 24 hours over 141,175 traders faced liquidation, resulting in a combined liquidation amount of $416.16 million. The most significant single liquidation order, amounting to $8.23 million in BTC-USDT value, occurred on Binance.

Top Gainer (24 Hour)CryptocurrencyGains +/-Price (Recorded 9:30 p.m. EDT)Shiba Inu SHIB/USD +107.66%$0.00004382eCash XEC/USD +82.61%$0.00007883BitTorrent BTT/USD +44.34%$0.000002019

The global cryptocurrency market cap now stands at $2.53 trillion, showing a 6.03% increase in the past 24 hours.

Stocks retreated on Monday, leading to the S&P 500 and Nasdaq Composite falling from their all-time highs, despite a surge in technology stocks associated with the artificial intelligence boom.

The S&P 500 slightly declined by 0.12% to 5,130.95, with the Nasdaq Composite slipping 0.41% to 16,207.51. Additionally, the Dow Jones Industrial Average concluded the session with a loss of 97.55 points, or 0.25%, finishing at 38,989.83.

This week, traders will eagerly seek hints about the future direction of interest rates from Federal Reserve Chair Jerome Powell. The highly anticipated monetary policy updates are slated for delivery to the House of Representatives on Wednesday and to the Senate on Thursday.

The ADP Employment Survey and January job openings data are set to be unveiled on Wednesday, offering additional clarity on the labor market. The manufacturing and nonfarm payrolls data for February are scheduled for release on Friday.

See More: Best Cryptocurrency ScannersLoading… Loading…

Analyst Notes: Cryptocurrency analyst Michael Van de Poppe said that Bitcoin is reaching a new yearly high, with the price edging closer to $65,000.

"I think were close to peaking on the price action and are going to consolidate -> correction to lead later this month/beginning April. Great movements, nonetheless."

Gracy Chen, Managing Director at Biget, in a note seen by Benzinga said, Bitcoin continues to rally, with the current price broken $67,000. We just need about a $2,000 surge to break the all-time high of $69,000. From the recent data on Bitcoin investors, comparatively it seems theyre less sensitive to price and generally see the halving event as bullish."

She adds, "So, if Bitcoin ETF keeps seeing strong net inflows this week, chances are high that we will hit a new all-time high soon. This has proven the resilience of decentralized assets and the value of decentralized ecosystems. Based on our analysis, Bitcoin could potentially hit $120,000 to $140,000 in this bull market cycle.

On-chain analyst Willy Woo predicts that Bitcoin has the potential to surge to a minimum of $125,000 this year, given the allocation of relatively conservative amounts of capital by financial giants BlackRock and Fidelity. According to Woo, a mere 3% rotation of assets to Bitcoin by the clients of these two firms could propel BTC to the $2.5 trillion market cap level.

"BTC price will go past $125k minimum before the end of 2025 just from Blackrock and Fidelity clients if they rotate 3% exposure to #Bitcoin.

Another on-chain analyst Ali Martinez said that the TD Sequential indicator has displayed a sell signal for Bitcoin on the 4-hour chart. The TD Sequential indicator is a technical analysis tool used in cryptocurrency trading to identify potential price exhaustion and reversal points based on a sequence of numbers on a price chart. It comprises a series of count-down and count-up sequences that signal buy or sell opportunities when certain criteria are met.

"Since February 15, every time this indicator suggested selling, the price of $BTC dropped by 1.5% to 4.7%. This trend is something short-term traders should watch closely!"

Photo by CMP_NZ on Shutterstock

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Phillies’ Nola hit hard in return from injured list

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Phillies' Nola hit hard in return from injured list

WASHINGTON — Philadelphia Phillies pitcher Aaron Nola‘s first start after returning from the injured list didn’t last long.

The right-hander allowed six runs in 2⅓ innings Sunday against the Washington Nationals, a start that ended when seven consecutive batters reached safely.

Nola struck out four in his first major league outing since May 14.

The former All-Star was one of the majors’ most durable pitchers entering the season, making at least 32 starts and throwing at least 180⅔ innings in each of the last six full seasons. But a sprained right ankle and fractured rib cost him three months this season.

His return became even more significant Saturday when Philadelphia placed ace Zack Wheeler on the injured list with a blood clot in his right arm. Nola already was scheduled to start after making three minor league rehabilitation appearances, though the Phillies scrapped their plans to use a six-man rotation.

Nola gave up Luis Garcia Jr.’s leadoff single in the first inning, then appeared to settle in. He retired the next seven batters as Philadelphia built a 6-0 lead.

The Nationals stitched together three consecutive singles in the third, the last by CJ Abrams to score a run. That led to a mound visit from pitching coach Caleb Cotham, but Nola then walked Paul DeJong before giving up Daylen Lile‘s two-run single and Dylan Crews‘ two-run double. Jose Tena followed with a tying double to end Nola’s day.

Nola allowed seven hits while throwing 53 pitches. His ERA rose to 6.92.

In addition to Nola taking Wheeler’s roster spot, the Phillies activated third baseman Alec Bohm from the injured list and optioned infielder Otto Kemp to Triple-A Lehigh Valley. To make room on the 40-man roster for Nola, Philadelphia released outfielder Cal Stevenson.

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Red Sox’s Mayer set for season-ending surgery

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Red Sox's Mayer set for season-ending surgery

BOSTON — Red Sox infielder Marcelo Mayer says he will have season-ending surgery on his right wrist.

The 22-year-old Mayer injured the wrist in late July. He got an injection to try to come back but decided to have surgery. He said he has a tear that hadn’t improved with the anti-inflammatory injection.

“I knew definitely that it was going to be on the table,” he said Sunday, sitting in the Red Sox dugout at Fenway Park before they faced the Miami Marlins in the series finale.

“As an athlete and somebody that loves this game so much, all I want to do is play and be out there every single day, especially when you’re in the big leagues and the playoffs are so important,” he said. “The way that my wrist is right now, there’s just no way to come back and play. It made the decision pretty easy to have the surgery.”

Drafted fourth overall in 2021, Mayer was called up in late May. A natural shortstop, he played mostly third base, batting .228 with four homers and 10 RBIs in 44 games.

“The shot wasn’t working. It’s a three-month recovery. He should be fine if everything goes well for spring training,” Red Sox manager Alex Cora said. “He’s a big part of the future of this organization. Just get him right, get him ready and see what happens in the future.”

Cora said he knew things weren’t going well after Mayer played catch on Thursday’s day off.

“He didn’t sound too positive about it. ‘My swing is not right,'” Cora said Mayer told him.

Mayer said he “gave it my all” but knew that surgery was the best option.

“Obviously with options given, I could have had surgery when I first injured it or get the shot,” he said. “I tried everything I could with the slight chance to come back and play.”

He also missed the final two months in the minors last season with a shoulder injury and didn’t play after July 31.

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Reds DFA fan favorite Fraley, activate Stephenson

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Reds DFA fan favorite Fraley, activate Stephenson

CINCINNATI — Cincinnati Reds outfielder Jake Fraley was designated for assignment on Sunday, with catcher Tyler Stephenson‘s thumb injury and a short bench contributing to the decision.

The Reds also recalled right-hander Connor Phillips and outfielder Will Benson from Triple-A Louisville and optioned left-hander Joe La Sorsa to Triple-A.

“We came to the idea of kind of giving Jake a chance to play where maybe he thinks he deserves to play, which I understand, is maybe better than him sitting the bench here,” Reds manager Terry Francona said. “Stephenson is banged up. We were a little concerned about playing short, maybe a two-man bench.”

Fraley, 30, is in his fifth major-league season, his fourth with Cincinnati. He is batting .232 with six home runs and 23 RBI in 67 games.

He hyperextended his knee after making an error in left field to allow a run to score in the 10th inning of a 6-5, 11-inning loss to the first-place Brewers on Saturday. Francona said neither the miscue nor the injury factored into the DFA move.

Stephenson reaggravated an injury to his left thumb during the Pittsburgh series and is day to day. Jose Trevino, who was behind the plate Saturday night, got the start for Sunday’s day game.

Francona said the decision on Fraley, a popular player among fans and in the clubhouse, wasn’t easy.

“Not that I needed an excuse to lose sleep last night, but you do, because you’re thinking about it,” Francona said. “You’re making decisions that alter their life. The day when I stop thinking about it, I will re-retire.”

Cincinnati, the only team this season that hasn’t been swept in a series, has dropped the first two games of the three-game set against the Brewers, who have won 14 straight games.

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