{"id":16266,"date":"2025-03-26T16:53:45","date_gmt":"2025-03-26T16:53:45","guid":{"rendered":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/26\/crypto-market-recap-sec-expands-roundtables-gamestop-bets-on-bitcoin\/"},"modified":"2025-03-26T16:53:45","modified_gmt":"2025-03-26T16:53:45","slug":"crypto-market-recap-sec-expands-roundtables-gamestop-bets-on-bitcoin","status":"publish","type":"post","link":"https:\/\/businesstriumphs.com\/index.php\/2025\/03\/26\/crypto-market-recap-sec-expands-roundtables-gamestop-bets-on-bitcoin\/","title":{"rendered":"Crypto Market Recap: SEC Expands Roundtables, GameStop Bets on Bitcoin"},"content":{"rendered":"<\/p>\n

Here\u2019s a quick recap of the crypto landscape for Wednesday (March 26) as of 9:00 a.m. UTC.<\/strong><\/p>\n

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

Bitcoin (BTC) <\/strong>is currently trading at US$87,983.18, a 0.6 percent decrease over the past 24 hours. The day\u2019s trading range has seen a low of US$87,109.90 and a high of US$88,430.06.<\/p>\n<\/div>\n

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

Bitcoin performance, March 26, 2025.<\/em><\/p>\n

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

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

Bitcoin\u2019s price performance has been influenced by GameStop\u2019s (NYSE:GME) announcement to invest in Bitcoin as a treasury reserve asset, mirroring strategies of companies like MicroStrategy (NASDAQ:MSTR).<\/span>This decision initially boosted Bitcoin\u2019s value, but the momentum was short-lived as broader market sentiments shifted.<\/span><\/p>\n

Ethereum (ETH)<\/strong> is priced at US$2,065.42, garnering a 1.0 percent decrease over a 24-hour period. The cryptocurrency reached an intraday low of US$2,035.04 and a high of US$2,083.34.<\/p>\n<\/div>\n

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Altcoin price update <\/h3>\n

Solana (SOL)<\/strong> is currently valued at US$144.49, down 1.9 percent over the past 24 hours. SOL experienced a low of US$141.70 and a high of US$147.20 on Wednesday.<\/p>\n

XRP<\/strong> is trading at US$2.47, reflecting a 0.4 percent decrease over the past 24 hours. The cryptocurrency recorded an intraday low of US$2.43 and a high of US$2.48.<\/p>\n

Sui (SUI) <\/strong>is priced at US$2.55, showing an 8.1 percent increase over the past 24 hours. It achieved a daily low of US$2.41 and a high of US$2.64.<\/p>\n

<\/strong>Cardano (ADA)<\/strong> is trading at US$0.7679, reflecting a 0.2 percent decrease over the past 24 hours. Its lowest price on Wednesday was US$0.7406, with a high of US$0.7732.<\/p>\n<\/div>\n

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Crypto news to know <\/h3>\n

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

<\/h4>\n

SEC introduces four new crypto roundtables<\/h4>\n

The US Securities and Exchange Commission (SEC) has announced four additional roundtables focusing on crypto regulation, following its first digital asset forum on March 21. <\/p>\n

These sessions, scheduled from April to June, will cover trading, custody, tokenization, and decentralized finance (DeFi). <\/p>\n

Led by Commissioner Hester Peirce, the SEC\u2019s Crypto Task Force is working to establish a clearer regulatory framework under acting Chair Mark Uyeda. Notably, the agency is reconsidering enforcement actions from the previous administration and may withdraw proposed rules that expanded oversight of crypto trading platforms. <\/p>\n

Meanwhile, the SEC will also hold a March 27 roundtable on artificial intelligence\u2019s role in financial markets.<\/p>\n

GameStop\u2019s Bitcoin bet sparks meme stock rally<\/h4>\n

GameStop shares surged 11.6 percent to US$28.35 after the company announced it would add Bitcoin to its treasury reserve assets, mirroring Michael Saylor\u2019s Strategy. <\/p>\n

The move comes as GameStop struggles with declining brick-and-mortar sales, having pivoted toward e-commerce under CEO Ryan Cohen. <\/p>\n

Speculation around the retailer\u2019s crypto ambitions grew after Cohen was seen with Saylor on social media last month. Analysts warn that GameStop\u2019s exposure to Bitcoin could introduce more volatility to its stock. <\/p>\n

The company, however, has been aggressive in cutting costs, doubling its Q4 net income to US$131.3 million despite a 30 percent revenue drop.<\/p>\n

North Carolina moves to allow pension fund crypto investments
<\/h4>\n

North Carolina lawmakers have introduced two bills\u2014House Bill 506 and Senate Bill 709\u2014seeking to allow up to 5 percent of certain pension funds to be allocated to digital assets like Bitcoin and stablecoins. <\/p>\n

The legislation proposes an independent \u201cInvestment Authority\u201d to manage these assets, separate from the State Treasurer. This follows a national trend, with states like Indiana, Kansas, and Florida exploring similar measures, often through Bitcoin ETFs. <\/p>\n

Internationally, pension funds in Australia and Norway have also increased their exposure to crypto-related investments.<\/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 26) as of 9:00 a.m. UTC. Bitcoin and Ethereum price update Bitcoin (BTC) is currently trading at US$87,983.18, a 0.6 percent decrease over the past 24 hours. The day\u2019s trading range has seen a low of US$87,109.90 and a high of US$88,430.06. Bitcoin performance, […]<\/p>\n","protected":false},"author":0,"featured_media":16267,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-16266","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\/16266","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=16266"}],"version-history":[{"count":0,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/posts\/16266\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media\/16267"}],"wp:attachment":[{"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/media?parent=16266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/categories?post=16266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstriumphs.com\/index.php\/wp-json\/wp\/v2\/tags?post=16266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}