🚀 Crypto Market Update – March 12, 2025 🚀

Market Overview:

Bitcoin (BTC): Trading at $82,439 (+1.5%) over the past 24 hours.

Ethereum (ETH): Slight decrease to $1,907 (-0.26%).

XRP: Rebounded to $2.21 (+3.27%) after recent dips.

Key Developments:

Coinbase Re-enters India: After receiving regulatory approval, Coinbase is resuming operations in India, reflecting a shift in the country's stance on digital currencies.

Stablecoin Legislation: U.S. lawmakers are focusing on stablecoin regulation, with discussions emphasizing minimal government interference to foster innovation.

Deutsche Boerse's Crypto Custody: Clearstream, a subsidiary of Deutsche Boerse, will offer Bitcoin and Ethereum custody services for institutional clients starting next month, aligning with the trend of traditional financial institutions entering the crypto space.

Coinbase Stock Volatility: Coinbase Global's stock has dropped by 30% in recent weeks, correlating with Bitcoin's decline from around $98,000 to $79,000 since February 20th.

Market Sentiment:

The cryptocurrency market is stabilizing after recent volatility, but caution remains due to broader economic uncertainties.

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