As of March 13, 2025, the worldwide cryptocurrency market capitalization is around $2.71 trillion, representing a 1.13% rise in the previous 24 hours.
Bitcoin (BTC):
It is trading at around $82,635, representing a 0.5% rise over the previous 24 hours.
Experts warn of possible volatility, with some forecasting a potential fall to $73,000.
Ethereum (ETH):
It is currently trading at around $1,858, down 4% over the same timeframe.
XRP:
Trading at $2.22, reflecting a modest rebound after falling below $2 earlier this week.
Market Influences:
The 1.2% increase in the Nasdaq Composite, led by lower-than-projected February inflation readings (2.8% year-over-year rise vs. the projected 2.9%), has benefited cryptocurrency prices.
Notable Developments:
Abu Dhabi's MGX has revealed a $2 billion investment in Binance, representing a major institutional entry in the digital asset space.
Generally, the cryptocurrency market is mixed, with Bitcoin and XRP slightly up, and Ethereum under pressure. Investors are recommended to track current macroeconomic trends and regulatory updates, as these continue to shape market forces.
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