# The crypto market went rocket mode this morning! Over the weekend, Iranian officials sent peace signals to the CIA, hope is rising for de-escalation in US-Iran tensions, global risk aversion sentiment has eased significantly, oil prices fell in response, and risk assets staged a collective rebound. $ETH $BTC $BNB Bitcoin was even more explosive, surging $1,800 in 30 minutes, approaching the 40-day high of $74,300, with over $113 million in short liquidations. It also broke through the 50-day moving average, with technical buying pouring in. Not only that, Bitcoin spot ETFs saw consecutive three-week net inflows of $767 million, while Ethereum ETF also attracted $161 million, with institutions aggressively adding positions. The 20 millionth Bitcoin is about to be mined, and scarcity is triggering FOMO sentiment. Total market cap increased by $9 billion in 24 hours, with ETH up 7.6% for the day. Did you catch this rally?

Bitcoin supporter and ShapeShift founder Erik Voorhees continues quietly grabbing #Ethereum 🥳.......In the past 4 hours, he added another 1,915.28 $ETH , spending about $4.17 million to increase his growing position. With this latest purchase, the amount of #ETH he has accumulated over the past week has reached 29,191.82 ETH, bringing the total value of the new position to roughly $61.65 million. The average acquisition cost across these buys sits around $2,112.19 per ETH, and the holdings are currently distributed across 22 separate wallets, likely for security and operational management. One of the key addresses associated with this accumulation is 0x3e68AAA486D5Aa73fA1370900414Fb671C1Ef2f7. The steady buying pattern suggests a deliberate accumulation strategy, with the early crypto veteran continuing to build a sizeable ETH position while spreading the holdings across multiple addresses.

Coinworld News: On March 16, according to Lookonchain monitoring, a newly created address just withdrew 20,000 ETH from Coinbase, valued at approximately $44.83 million.