Morning Crypto Update – March 17: Market Moves & Big Headlines

Here’s what happened in the crypto world while you were sleeping:

Bitcoin $BTC started Monday with a small rise, now trading at $83,518.

Ethereum (ETH) also saw a slight increase, currently at $1,902.

BNB had the best performance in the top 10, gaining +2.83% in 24 hours and +12.04% in a week.

Solana (SOL) dropped -4.97% in a day, while TRON (TRX) saw the biggest weekly loss at -9.30%.

In the top 100, Binary surged +34.86% today and +55.55% this week, while Pi (-8.46%) and Ethena (-16.70%) had the biggest losses.

South Korea’s Central Bank on Bitcoin Reserves

The Bank of Korea stated that Bitcoin is too volatile and lacks liquidity for inclusion in national reserves. Officials argue that reserve assets must be stable and easily tradable, which Bitcoin doesn’t fully meet. Despite calls from politicians and crypto advocates, the initiative faces resistance, including in the U.S.

Legal Action Against Crypto Fraud

A U.S. federal court in Arizona ruled against crypto platform Debiex, ordering it to pay $2.5 million in a fraud case filed by the CFTC.

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