Bitcoin price right this moment: At market open right this moment, March 17, the world’s greatest cryptocurrency is buying and selling within the inexperienced, at $83,693.28, with a market capitalisation of $1.66 trillion, in accordance with knowledge on CoinMarketCap. Over the previous 24 hours, Bitcoin’s buying and selling quantity has jumped 77 per cent to $22.92 billion, the information confirmed.
It is a good signal after the token slumped beneath $80,000 on Friday (March 14) however managed to remain across the degree by way of the weekend.
Crypto Costs on March 17: Ether, Tether, Solana & Dogecoin
For different cryptos, the second-largest coin, Ether, was priced at $1,909.53 at 9.30 am on March 17, with a market cap of $230.33 billion. US Greenback-linked stablecoin Tether has stayed at $1, with a market cap of round $143.47 billion. USDT is the world’s most-traded crypto, with commerce volumes over the previous 24 hours exceeding Bitcoin’s at $51.65 billion.
Different cryptos within the information, together with Solana and meme coin Dogecoin, have been additionally within the inexperienced on March 17 at $129.06 and $0.1731, respectively.
Bitcoin and Crypto Markets: Professional View
Based on Avinash Shekhar, Co-Founder & CEO, Pi42, Bitcoin and the broader crypto market are experiencing volatility forward of america Federal Reserve’s rate of interest resolution.
“Bitcoin is at the moment buying and selling close to $83k and might see upside if it breaks a key resistance degree, whereas sentiment is shifting because the Crypto Worry and Greed Index falls to 22, reflecting elevated uncertainty. The correction from $100K to $77K has made buyers cautious, however the optimism is that it may be a fleeting correction and never a long-term slide,” he added.
On Ethereum and Dogecoin being below strain too, Shekhar felt that the market is “internalising macroeconomic components and technicals” and “market individuals are eyeing breakout catalysts”.
He feels that the institutional demand for crypto is “nonetheless strong, and the subsequent steps of Bitcoin will decide the course of the crypto universe over the subsequent couple of weeks.”
Listed here are the opposite prime updates on cryptocurrencies, markets and associated information.
ECB member on US Crypto Reserve: ‘Dangers Bringing Subsequent Monetary Emergency’
Bloomberg reported that Francois Villeroy de Galhau, a member of the European Central Financial institution (ECB) Governing Council, cautioned in opposition to america’ cryptocurrency reserve on March 16.
In an interview with French weekly La Tribune Dimanche, de Galhau mentioned, “The US dangers sinning by way of negligence. Monetary crises typically originate within the US and unfold to the remainder of the world. By encouraging crypto-assets and non-bank finance, the American administration is sowing the seeds of future upheavals.”
He famous that supervision was higher secured and guarded in opposition to any banking disaster on the EU aspect. His feedback come after US President Donald Trump this month signed an govt order calling for the creation of a Strategic Bitcoin Reserve and a separate stockpile of different digital belongings.
Donald Trump’s in Talks with Binance US?
Wall Avenue Journal and Reuters have reported that representatives of US President Donald Trump‘s family are contemplating a stake within the US arm of crypto trade Binance and “held talks” to this finish. The WSJ report famous that Binance had reached out with a deal in 2024 in an effort to resurrect the “exiled” firm, and billionaire founder Changpeng Zhao has additionally been lobbying for Donald Trump to grant him a pardon.
It’s at current unclear whether or not the deal will attain fruition. Reps for Trump and Binance didn’t reply to queries, the Reuters report added.
Russia Utilizing Cryptos for Oil Commerce with India, China: Report
Based on a Reuters report citing 4 sources, Russia is utilizing cryptocurrencies to commerce oil with India and China and circumnavigate European sanctions on its trade.
It cited sources say that some Russian oil corporations are utilizing crypto tokens comparable to Bitcoin, Ether and Tether to transform Indian rupees and Chinese language yuan into Russian roubles for commerce. The report described this as a “small however rising a part of Russia’s general oil commerce”. The nation’s oil enterprise was price $192 billion in 2024, it added.
Russia’s central financial institution declined to remark, as per the report. Nevertheless, the sources mentioned the follow is more likely to proceed as it’s a “handy software and helps run operations sooner.”
(With inputs from Businesses)
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