The global cryptocurrency market now boasts a total market capitalization of $2.98 trillion, reflecting a growth rate of 2.01% over the past day. Bitcoin (BTC) has been navigating a trading range between $84,667 and $91,668 in the last 24 hours. As of 09:30 AM (UTC) today, Bitcoin is positioned at $89,245, marking a decrease of -1.63%. A variety of major cryptocurrencies are displaying mixed trading patterns.
Notably, market outperformers include REZ, AUCTION, and DGB, with impressive gains of 24%, 18%, and 15%, respectively. In today's headlines: 1. Binance has updated its Proof of Reserves for March 2025, confirming full asset backing. 2. Anticipation builds around the U.S. February Employment Report and a forthcoming speech from the Federal Reserve. 3.
The gaming finance sector transforms as BinaryX rebrands to focus on decentralized finance. 4. Recent developments in the crypto sector highlight shifting fears, with interest rates taking precedence over tariff concerns, causing crypto and equities to retract. 5. Sygnum Bank projects that a U.S. crypto reserve could enhance Bitcoin's market capitalization by as much as $460 billion. 6.
In Bitcoin news, the price has dipped below $90,000 despite optimism surrounding a U.S. crypto reserve announcement. 7. The Bitcoin rally has faced resistance, stalling below the $95,000 threshold amid looming recession fears and geopolitical instability. 8. Some U.S. states are moving forward with plans to allocate public funds into cryptocurrencies. 9.
JPMorgan notes that the establishment of a U.S. Strategic Crypto Reserve may face challenges in Congress, particularly regarding the inclusion of XRP, SOL, and ADA. 10. Bitcoin price volatility remains a concern, with a breakdown below $87,000 potentially triggering $216 million in long liquidations. 11.
In Texas, the Senate has approved a landmark vote supporting a Bitcoin Strategic Reserve. 12. Trump is on the brink of formalizing a mineral agreement between the U.S. and Ukraine. 13. U.S. Treasury Secretary indicates that Trump’s April tariffs will be dependent on trade partners. 14. Mexico has announced the cessation of reciprocal tariffs with the U.S. 15.
BlackRock has ramped up its Bitcoin holdings, now totaling $51.9 billion. 16. Ethereum is set for a significant upgrade with its Pectra update, which promises key features, market impacts, and a timeline for launch. 17. Trump has committed to addressing the U.S. trade deficit. 18. Jobless claims in the U.S.
have shown a decline, suggesting a moderate labor market environment. 19. Canada is in discussions with the U.S. to potentially lift tariffs. 20. The U.S. government reportedly missed $17 billion in Bitcoin profits, as stated by the White House AI & Crypto Director. 21. The country recorded its largest trade deficit in January. 22.
According to Binance Research, there was a decline in February amid market uncertainties. Focusing on market movers, recent trends reveal that Ethereum (ETH) is trading at $2,208.05 after a drop of -3.23%. XRP has seen a minimal decline to $2.5636 (-0.04%), while BNB is at $602.35 (+0.14%). Other noteworthy shifts include SOL at $145.75 (-2.60%), ADA at $0.8875 (-6.18%), DOGE at $0.20301 (-2.76%), TRX at $0.2417 (-1.87%), and TRUMP at $13.18 (-2.87%).
Wrapped Bitcoin (WBTC) is priced at $89,054.75 (-1.68%), while LINK trades at $17.14 (-0.12%). Among the top gainers on Binance, REZ/USDT stands out with a significant increase of 24%, followed by AUCTION/USDT at +18% and DGB/USDT at +15%..