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Bitcoin\u2019s market capitalization approaches $1T, while Ether trades at $2,500. <\/p>\n
It\u2019s been a good week in the crypto markets, with eight of the top 10 tokens by market capitalization posting solid gains over the past seven days.<\/p>\n
Bitcoin<\/a> is currently trading around $47,600 after briefly surpassing the $48,000 mark earlier today, notching a 10.7% gain on the week. Its market capitalization is approaching the trillion-dollar milestone, with Coingecko reporting it at $934B.<\/p>\n <\/p>\n <\/a><\/p>\n Ethereum<\/a> is changing hands for $2,500, a 9% surge over the past seven days. The network\u2019s market cap has surpassed $300B at the time of writing.<\/p>\n <\/p>\n All top 10 tokens that aren\u2019t stablecoins are enjoying gains. Binance Coin (BNB) lands in third place, trading for $322 with a 7.4% price rise over the past seven days.<\/p>\n Among the top 100 digital assets, Solana memecoin BONK and Layer 1 blockchain Sui are today\u2019s best-performing tokens, gaining 21% and 18%, respectively. Meanwhile, AI project Bittensor is up 15% to $508.<\/p>\n Driving the short-term gains appears to be rising investor interest in spot Bitcoin ETFs<\/a>. On Feb. 8, the sector saw $403M in net inflows, the highest since Jan. 17, when inflows topped $453M.<\/p>\n Demand for Bitcoin from the nine ETF providers reached 9,000 BTC yesterday \u2013 ten times the amount of Bitcoin that is issued on a daily basis as block rewards.<\/p>\nSpot Bitcoin ETFs attract $400M<\/h2>\n