Money Control Place
  • Politics
  • Business
  • Stocks
  • Investing
  • Politics
  • Business
  • Stocks
  • Investing

Money Control Place

Investing

Crypto Market Recap: US Crypto Legislation “Imminent,” Coinbase Gets Bullish Rating

by admin March 20, 2025
March 20, 2025
Crypto Market Recap: US Crypto Legislation “Imminent,” Coinbase Gets Bullish Rating

Here’s 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’s trading range has seen a low of US$83,774.65 and a high of US$85,888.99.

Bitcoin performance, March 19, 2025.

Chart via TradingView.

Ethereum (ETH) 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.

Altcoin price update

  • Solana (SOL) 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.
  • XRP 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.
  • Sui (SUI) 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.
  • Cardano (ADA) 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.

Crypto news to know

US lawmakers aim for August deadline on crypto regulations

Speaking at Blockworks’ 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.

“I think we’re close to being able to get those done for August … they’re doing a lot of work on that behind the scenes right now,” Smith said at the event, which was attended by Cointelegraph.

Speaking at the summit on Tuesday (March 18), Bo Hines, executive director of the President’s Council of Advisers on Digital Assets, said legislation is “imminent” following the Senate Banking Committee’s approval of the GENIUS Act last week. “I think that stables could be on the president’s desk here in the next two months,” Hines said.

Institutional crypto investment on the rise

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.

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.

Coinbase highlights the survey’s results in a press release, stating that ‘all signs indicate positive momentum’ for institutional crypto engagement in 2025, with increasing allocations, expanding use cases and adoption of new products.

Bernstein issues bullish rating for Coinbase

Bernstein’s Gautam Chhugani gave a bullish ‘outperform’ rating and a US$310 price target for cryptocurrency exchange platform Coinbase (NASDAQ:COIN), betting on the Trump’s administration’s 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’s subscription and services business.

Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.

Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.

This post appeared first on investingnews.com

0
FacebookTwitterGoogle +Pinterest
previous post
Amazon AI scammers duped investors out of millions with ‘passive income’ scheme, FTC alleges
next post
Van Eck Opposes Equinox Gold’s US$1.8 Billion Takeover of Calibre Mining

Related Posts

E-Tech Resources Enters into MOU to Evaluate Deployment...

October 2, 2023

Sarama Corporate Presentation – June 2024

June 17, 2024

Element79 Gold Corp Appoints Warren Levy to Advisory...

May 14, 2024

Cizzle Brands Announces that All 134 Metro Locations...

April 8, 2025

Culpeo Minerals

July 5, 2023

Oil Markets Buckle Under Tariff Pressure, Recession Fears...

April 9, 2025

Lode Gold Strengthens Board of Spin Co Gold...

March 8, 2025

Appia Provides Update on its Extensive Drilling Program...

September 29, 2023

Experts See Uranium Stock Opportunities as Strong Demand...

February 1, 2024

Bradda Head Lithium Ltd Announces Canadian Filing Extension

July 1, 2023

    Get free access to all of the retirement secrets and income strategies from our experts! or Join The Exclusive Subscription Today And Get the Premium Articles Acess for Free


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    Latest

    • Joe Rabil’s Undercut & Rally Pattern: From DROP to POP

    • RRG Alert Tech Vaults to ‘Leading’—Is XLK Signaling a New Rally?

    • Coelacanth Energy

    • Jeffrey Christian: Gold, Silver, PGMs — Short-term Prices and Key Drivers

    • Ericsson, Rogers Launch Canada’s First Underground 5G Network for Smart Mining

    • Crypto Market Recap: Bitcoin Price Stalls as Fed Holds Rates Steady, Circle Shares Jump

    Categories

    • Business (1,259)
    • Investing (2,583)
    • Politics (3,699)
    • Stocks (1,669)
    • Uncategorized (20)
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: MoneyControlPlace.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    Copyright © 2025 moneycontrolplace.com | All Rights Reserved