The market shows Bitcoin has broken through $70,000 per coin, rising 3.93% within the day and hitting a new high.

Every week we bring you the three most important charts on the topics of macroeconomics, Bitcoin and digital assets. Today we'll cover: The institutionalization of Bitcoin.How Bitcoin is beating gold: a shift in global store of value.Is Ethereum underpriced relative to Bitcoin?

Lin Chen, the head of Deribit's Asia-Pacific business, stated on X platform that the current historical volatility of BTC is 66.45%, and the volatility index (implied volatility) is 68.9%.

The BTC Layer2 network project Mirror L2 announced that it will open its testnet within a week. The public test will be open to all users, and testing can earn points to win the MIRR call option airdrop. All players in the decentralized world are invited to experience true decentralized BTC Layer2 staking. The ongoing node election has attracted over 100 institutions and KOL candidates.

Tesla's bitcoin holdings have once again become a topic of discussion in the cryptocurrency community. The cryptocurrency data analysis platform Arkham recently added Tesla's bitcoin wallet tracking function to its dashboard, which shows a balance of 11,509 BTC for the BTC wallet associated with Tesla, an increase of approximately 1,789 BTC compared to the previous report's balance of 9,720 BTC. It is reported that Tesla's schedule for holding and selling bitcoin is as follows: February 2021: Purchased $1.5 billion worth of bitcoin; March 2021: Sold 4,320 bitcoin; 2022: Will sell 29,160 bitcoin; 2023: The balance of 9,720 BTC remains unchanged.

Futures-implied yields for BTC and ETH rose strongly during the rally to all-time high BTC prices, indicating a return to the strong demand for leveraged long exposure that we saw build-up ahead of the ETF announcement in late January. This is echoed by the extremely high funding rates for each coin. In a repeat of their reaction to last week’s spot rally, the term structures for both majors have inverted significantly, with the implied volatility at the front end reaching ~75%. Similarly, the volatility smiles are skewed strongly towards OTM calls, with a slight out-performance for BTC upside exposure over ETH.

Kaiko posted on X platform that the Bitcoin trading volume yesterday surpassed 46 billion US dollars, reaching the highest level since 2021.

According to OKX market data on March 5th, Bitcoin once again briefly broke through $68,000 and is now slightly falling to $67,953, with a 24-hour increase of 3.96%.

Bitcoin investment funds, including ETFs, currently manage over 1 million Bitcoins, with a value of approximately $67 billion at current prices. The majority of this, over 83%, comes from Bitcoin ETFs in the US spot and futures markets.

Lookonchain monitoring shows that in the past four days, a new wallet has extracted 6,660 BTC worth about $445 million from Kraken.

According to market trends, BTC has fallen below $66,000 and is currently trading at $65,999.9, with a daily increase of 1.98%. The market is volatile, so please be cautious and manage your risks.

According to The Block data on March 4th, after reaching a high of $66,405, Bitcoin's circulating market value reached $1.303 trillion, surpassing the record market value of $1.302 trillion in November 2021.

Bitcoin touched $66,000, hitting a new high since November 2021, with a 4.8% increase within the day. The market is volatile, so please be prepared for risk control.

According to Bitcoin Magazine, Bitcoin has just surpassed the Swiss franc (CHF) to become the world's 13th largest currency. According to data from 8marketcap, the current market value of Bitcoin has risen to $1.2826 trillion, surpassing META and becoming the ninth largest asset in the world.

Bitcoin prices have dropped sharply, cutting mining revenues in half even before the actual incoming halving This situation will undoubtedly bring the ‘mining death spiral’ argument back to the forefront of the bitcoin media cycle ‘Mining death spirals’ do not actually happen in real life — they are highly theoretical edge cases without any historical real-world precedent Mining cost is largely a function of the difficulty, this is a dynamic metric determined by the protocol itself and it can adjust both up and down to keep block times at 10 minutes on average

1.Web3 gaming platform Portal launches BuildingBlocks Foundation2.Ordinals Developers: Block 832849 and the Runestone Matrix Inscription have been completed in partnership with OrdinalsBot and Marathon Digital3.OKX Ventures announces additional investment in Ethereum second-layer network Taiko4.This morning, a total of more than 300 million DOGE were transferred from Binance, worth more than $50 million.5.ARKB becomes the second largest holding of ARK Invest’s fund ARKW, with a weight of 9%6.FTX has started official liquidation and will compensate customers for Bitcoin at a price of US$16,8717.Ordinals developer: Runestone dug out the largest block in Bitcoin history today, and the next step in the airdrop process is about to begin.8.Bitcoin Core developer Peter Todd will attend the Bitcoin Asia conference9.Several fund Hong Kong subsidiaries will explore spot Bitcoin ETF applications10.FTX Claim Window Prices Bitcoin, Ethereum, and Other Products Below Market Prices

Jack Mallers, CEO and co-founder of Bitcoin payment company Strike, stated that due to its limited supply and decentralization, Bitcoin is superior to gold.

On March 3, data from The Block shows that Bitcoin mining revenue reached $1.39 billion in February, a 2.96% increase from the previous month. In addition, Ethereum block validators' income increased by 14% to $214 million in February, with transaction fees accounting for $42.13 million.

On March 3rd, Bitcoin Core developer Peter Todd confirmed his attendance at the Bitcoin Asia conference. Peter Todd is a well-known early developer of Bitcoin Core and also the cornerstone of the RGB protocol, which proposes single-use seals and client verification for the first time.

According to market data, BTC has broken through $62,000 and is currently trading at $62,013.2. The intraday decline has reached 0.32%, and the market is volatile. Please be prepared for risk control.