{"id":16081,"date":"2025-03-20T08:53:54","date_gmt":"2025-03-20T08:53:54","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/20\/crypto-market-recap-us-crypto-legislation-imminent-coinbase-gets-bullish-rating\/"},"modified":"2025-03-20T08:53:54","modified_gmt":"2025-03-20T08:53:54","slug":"crypto-market-recap-us-crypto-legislation-imminent-coinbase-gets-bullish-rating","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/20\/crypto-market-recap-us-crypto-legislation-imminent-coinbase-gets-bullish-rating\/","title":{"rendered":"Crypto Market Recap: US Crypto Legislation \u201cImminent,\u201d Coinbase Gets Bullish Rating"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Wednesday (March 19) 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$85,406.50, a 3.9 percent increase over the past 24 hours. The day\u2019s trading range has seen a low of US$83,774.65 and a high of US$85,888.99.<\/p>\n<\/div>\n

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

Bitcoin performance, March 19, 2025.<\/em><\/p>\n

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

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

Ethereum (ETH)<\/strong> is priced at US$2,032.78, marking a 6.7 percent increase over the same period. The cryptocurrency reached an intraday low of US$2,007.43 and a high of US$2,055.77.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n

Solana (SOL)<\/strong> is currently valued at US$132.97, up 7.1 percent over the past 24 hours. SOL experienced a low of US$128.10 and a high of US$133.60 on Wednesday.<\/p>\n

XRP<\/strong> is trading at US$2.49, reflecting a 10.2 percent increase over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.48 and a high of US$2.57.<\/p>\n

<\/span>Sui (SUI)<\/strong> is priced at US$2.43, showing a 6.9 percent increase over the past 24 hours. It achieved a daily low of US$2.36 and a low of US$2.47.<\/p>\n

<\/span>Cardano (ADA)<\/strong> is trading at US$0.7324, reflecting a 5.3 percent increase over the past 24 hours. Its lowest price on Wednesday was US$0.7225, with a high of US$0.7436.<\/p>\n<\/div>\n

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Crypto news to know <\/h3>\n

<\/h4>\n

<\/h4>\n

<\/span><\/h4>\n

US lawmakers aim for August deadline on crypto regulations<\/h4>\n

Speaking at Blockworks\u2019 Digital Asset Summit in New York on Wednesday, Blockchain Association CEO Kristin Smith said US lawmakers are on track to establish rules for stablecoins and cryptocurrency market structure by August. <\/p>\n

\u201cI think we\u2019re close to being able to get those done for August \u2026 they\u2019re doing a lot of work on that behind the scenes right now,\u201d Smith said at the event, which was attended by Cointelegraph.<\/p>\n

Speaking at the summit on Tuesday (March 18), Bo Hines, executive director of the President\u2019s Council of Advisers on Digital Assets, said legislation is \u201cimminent\u201d following the Senate Banking Committee\u2019s approval of the GENIUS Act last week. \u201cI think that stables could be on the president\u2019s desk here in the next two months,\u201d Hines said. <\/p>\n

Institutional crypto investment on the rise
<\/h4>\n

A recent report from Coinbase and EY-Parthenon reveals that institutional investors are increasing their engagement with cryptocurrencies in 2025. The survey, conducted in January with responses from 352 institutional investor firms, shows that 83 percent plan to increase their crypto allocations this year. <\/p>\n

Furthermore, 59 percent intend to allocate over 5 percent of their assets under management to crypto, and 73 percent already hold assets beyond Bitcoin and Ethereum, with SOL and XRP being the most popular. Additionally, 68 percent of respondents indicated a likelihood to purchase single-asset exchange-traded products for SOL and XRP.<\/p>\n

Coinbase highlights the survey\u2019s results in a press release, stating that \u2018all signs indicate positive momentum\u2019 for institutional crypto engagement in 2025, with increasing allocations, expanding use cases and adoption of new products. <\/p>\n

Bernstein issues bullish rating for Coinbase
<\/h4>\n

Bernstein\u2019s Gautam Chhugani gave a bullish \u2018outperform\u2019 rating and a US$310 price target for cryptocurrency exchange platform Coinbase (NASDAQ:COIN), betting on the Trump\u2019s administration\u2019s plans for a US digital asset framework to boost the crypto industry. Chhugani also foresees growth in the US market offsetting competition, and highlighted the strong momentum in Coinbase\u2019s subscription and services business.<\/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 Wednesday (March 19) as of 9:00 p.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$85,406.50, a 3.9 percent increase over the past 24 hours. The day\u2019s trading range has seen a low of US$83,774.65 and a high of US$85,888.99. Bitcoin performance, […]<\/p>\n","protected":false},"author":0,"featured_media":16082,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-16081","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\/16081","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=16081"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16081\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/16082"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=16081"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=16081"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=16081"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}