Rich People Trades
  • Business
  • World News
  • Politics
  • Investing
  • Business
  • World News
  • Politics
  • Investing

Rich People Trades

Investing

Crypto Market Recap: TradFi Deepens Crypto Collaboration, BlackRock Buys the Dip

by admin March 16, 2025
March 16, 2025
Crypto Market Recap: TradFi Deepens Crypto Collaboration, BlackRock Buys the Dip

Here’s a quick recap of the crypto landscape for Friday (March 15) as of 9:00 p.m. UTC.

Bitcoin and Ethereum price update

Bitcoin (BTC) is currently trading at US$84,601.01, reflecting a 5.5 percent increase over the past 24 hours. The day’s trading range has seen a high of US$85,139.55 and a low of US$82,705.87.

Bitcoin’s price performance has been influenced by macroeconomic factors, regulatory developments and market sentiment. US-China tariffs, US Federal Reserve policies and Trump’s crypto-friendly stance have also been key drivers.

On Friday, Bitcoin breached a rising support trend line against gold that had been intact for over 12 years.

Bitcoin performance, March 14, 2025.

Chart via TradingView.

Ethereum (ETH) is priced at US$1,935.01, marking a 4.8 percent increase over the same period. The cryptocurrency reached an intraday high of US$1,941.99 and a low of US$1,893.58.

Altcoin price update

  • Solana (SOL) is currently valued at US$134.17, up 10.6 percent over the past 24 hours. SOL experienced a high of US$134.61 and a low of US$126.41 during Friday’s trading session.
  • XRP is trading at US$2.36, reflecting a 5.3 percent increase over the past 24 hours. The cryptocurrency recorded an intraday high of US$2.39 and a low of US$2.31.
  • Sui (SUI) is priced at US$2.35, showing a 10.5 percent increase over the past 24 hours. It achieved a daily high of US$2.38 and a low of US$2.24.
  • Cardano (ADA) is trading at US$0.7364, reflecting a 5.3 percent increase over the past 24 hours. Its highest price on Friday was US$0.7484, with a low of US$0.7188.

Crypto news to know

Senate Banking Committee passes GENIUS Act

On Thursday, the Senate Banking Committee passed Republican Senator Bill Hagerty’s (R-TN) GENIUS Act with an 18-6 vote, sending it to the full chamber for debate.

Senator Elizabeth Warren (D-MA), along with many Democrats, have opposed the bill, arguing it lacked sufficient protections for users in the event of a stablecoin failure and would enable tech billionaires to accrue even more power by launching their own dollar-backed tokens. During her remarks, Warren referenced the Washington Post’s report on possible talks between the Trump family and Binance founder Changpeng Zhao, who has been pushing for the Trump administration to grant him a pardon after serving four months in prison on charges related to money laundering. “We should be standing up to this naked corruption,” she said. Both Zhao and Trump deny the allegations.

The newest iteration of the bill, shared by FOX Business reporter Eleanor Terrett, holds foreign stablecoin issuers to “extra high standards” in areas such as reserve and liquidity requirements, money laundering checks and sanctions checks.

BNY Mellon deepens ties with Circle for stablecoin services

Financial giant BNY Mellon is expanding its services to include digital assets by partnering with stablecoin giant Circle. This collaboration will allow select BNY Mellon clients to send and receive funds to and from Circle, and to buy and sell Circle’s USDC stablecoins. This move signifies the increasing acceptance of stablecoins in traditional finance and demonstrates BNY Mellon’s dedication to innovation and adapting to client needs.

BlackRock’s Bitcoin ETF sees significant inflows

According to Arkham Intelligence, BlackRock, the world’s largest asset manager, received a transfer of 268 Bitcoin valued at over US$22 million to its iShares Bitcoin ETF wallet from a Coinbase Prime wallet on Friday.

The recent transaction brings BlackRock’s total Bitcoin holdings to more than 567,000 Bitcoin valued at over US$47.8 billion, making BlackRock one of the largest Bitcoin holders in the world.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

previous post
Former Philippines leader Duterte appears in Hague courtroom on ‘war on drugs’ charges
next post
Greenland government calls Trump’s acquisition talks ‘unacceptable’

Related Posts

CoTec Holdings Corp. To Commence Expansion Drilling Program...

April 26, 2025

WESTERN COPPER AND GOLD PROVIDES POSITIVE METALLURGICAL UPDATE

February 14, 2025

Ross Beaty: Gold’s Positive Drivers Still at Play,...

February 2, 2025

Crypto Market Recap: UAE Readies Digital Dirham CBDC,...

March 29, 2025

Brunswick Exploration Announces Brokered Private Placement for Gross...

May 9, 2025

Trump Administration Strikes 50/50 Minerals Deal with Ukraine

May 2, 2025

How Would a New BRICS Currency Affect the...

February 1, 2025

Maverick Metals Secures US$19 Million to Fast Track...

April 9, 2025

Top 5 Canadian Lithium Stocks of 2025

March 27, 2025

Becancour Lithium Refinery Definitive Feasibility Study

February 17, 2025

    Join our mailing list to get access to special deals, promotions, and insider information. Your exclusive benefits await! Enjoy personalized recommendations, first dibs on sales, and members-only content that makes you feel like a true VIP. Sign up now and start saving!


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Editors’ Picks

    • 1

      First lady Melania Trump’s new official portrait revealed

      January 28, 2025
    • 2

      Health experts prep Dem lawmakers on anti-vaccine arguments ahead of RFK Jr’s confirmation hearings

      January 28, 2025
    • 3

      ECOWAS pledges to ‘keep door open’ after 3 coup-hit West African nations exit regional bloc

      January 30, 2025
    • 4

      Vale Launches Strategic Review of Thompson Nickel Operations Amid Market Challenges

      January 28, 2025
    • 5

      American fighters are dying in Ukraine in growing numbers. Bringing their bodies home is a complex task

      January 30, 2025
    • 6

      Scorched-earth Shanahan: RFK Jr’s former running mate threatens political war against confirmation opponents

      January 30, 2025
    • 7

      Coral bleaching on Australia’s Great Barrier Reef reaches ‘catastrophic’ levels, study finds

      January 23, 2025
    • About us
    • Contacts
    • Privacy Policy
    • Terms and Conditions
    • Email Whitelisting

    Disclaimer: richpeopletrades.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2025 richpeopletrades.com | All Rights Reserved