{"id":15941,"date":"2025-03-16T08:53:24","date_gmt":"2025-03-16T08:53:24","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/16\/crypto-market-recap-tradfi-deepens-crypto-collaboration-blackrock-buys-the-dip\/"},"modified":"2025-03-16T08:53:24","modified_gmt":"2025-03-16T08:53:24","slug":"crypto-market-recap-tradfi-deepens-crypto-collaboration-blackrock-buys-the-dip","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/16\/crypto-market-recap-tradfi-deepens-crypto-collaboration-blackrock-buys-the-dip\/","title":{"rendered":"Crypto Market Recap: TradFi Deepens Crypto Collaboration, BlackRock Buys the Dip"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Friday (March 15) as of 9:00 p.m. UTC.<\/strong><\/p>\n

\n

Bitcoin and Ethereum price update <\/h3>\n

Bitcoin (BTC)<\/strong> is currently trading at US$84,601.01, reflecting a 5.5 percent increase over the past 24 hours. The day\u2019s trading range has seen a high of US$85,139.55 and a low of US$82,705.87. <\/p>\n

Bitcoin\u2019s price performance has been influenced by macroeconomic factors, regulatory developments and market sentiment. US-China tariffs, US Federal Reserve policies and Trump\u2019s crypto-friendly stance have also been key drivers. <\/p>\n

On Friday, Bitcoin breached a rising support trend line against gold that had been intact for over 12 years. <\/span><\/p>\n<\/div>\n

<\/small><\/p>\n

Bitcoin performance, March 14, 2025.<\/em><\/p>\n

<\/small><\/p>\n

Chart via TradingView.<\/em><\/p>\n

Ethereum (ETH)<\/strong> 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.<\/p>\n<\/div>\n

\n

Altcoin price update <\/h3>\n

Solana (SOL)<\/strong> 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\u2019s trading session.<\/p>\n

XRP<\/strong> 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.<\/p>\n

Sui (SUI)<\/strong> 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.<\/p>\n

Cardano (ADA)<\/strong> 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. <\/p>\n<\/div>\n

\n

Crypto news to know <\/h3>\n

<\/h4>\n

Senate Banking Committee passes GENIUS Act<\/h4>\n

On Thursday, the Senate Banking Committee passed Republican Senator Bill Hagerty\u2019s (R-TN) GENIUS Act with an 18-6 vote, sending it to the full chamber for debate. <\/p>\n

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\u2019s 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. \u201cWe should be standing up to this naked corruption,\u201d she said. Both Zhao and Trump deny the allegations. <\/p>\n

The newest iteration of the bill, shared by FOX Business reporter Eleanor Terrett, holds foreign stablecoin issuers to \u201cextra high standards\u201d in areas such as reserve and liquidity requirements, money laundering checks and sanctions checks.<\/p>\n

BNY Mellon deepens ties with Circle for stablecoin services <\/h4>\n

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\u2019s USDC stablecoins. This move signifies the increasing acceptance of stablecoins in traditional finance and demonstrates BNY Mellon\u2019s dedication to innovation and adapting to client needs.<\/p>\n

BlackRock\u2019s Bitcoin ETF sees significant inflows<\/h4>\n

According to Arkham Intelligence, BlackRock, the world\u2019s 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. <\/p>\n

The recent transaction brings BlackRock\u2019s 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. <\/p>\n<\/div>\n

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.<\/strong><\/strong><\/p>\n

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.<\/strong><\/p>\n<\/p>\n

This post appeared first on investingnews.com<\/div>\n","protected":false},"excerpt":{"rendered":"

Here\u2019s 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\u2019s trading range has seen a high of US$85,139.55 and a low of US$82,705.87. Bitcoin\u2019s […]<\/p>\n","protected":false},"author":0,"featured_media":15942,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-15941","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investing"],"_links":{"self":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15941","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/comments?post=15941"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/15941\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/15942"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=15941"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=15941"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=15941"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}