Binance Square Daily Update: March 18, 2025
Market Overview:
Bitcoin (BTC): Currently trading at $81,744, reflecting a 2.04% decline from the previous close. The day's range fluctuated between a high of $84,705 and a low of $81,177.
Ethereum (ETH): Priced at $1,905.12, experiencing a slight decrease of 0.07%.
Ripple (XRP): Trading at $2.2851, down by 2.88%.
Binance Coin (BNB): Stands at $640.13, with a 0.52% decrease.
Solana (SOL): Currently at $125.19, down by 2.99%.
Dogecoin (DOGE): Priced at $0.16787, experiencing a 3.3% drop.
Wrapped Bitcoin (WBTC): Trading at $82,948.21, down by 0.74%.
Top Performers:
API3: Surged by 36.66%, currently trading at $0.8293.
Numeraire (NMR): Increased by 13.70%, now at $10.29.
Notable News:
North Korea's Bitcoin Holdings Surge: North Korea has become the third-largest holder of Bitcoin globally, following a series of cyberattacks by its hacking group, Lazarus. The group recently executed a record-breaking theft of 13,580 Bitcoin, valued at £886 million, significantly bolstering the regime's cryptocurrency reserves.
MicroStrategy's Bitcoin Acquisition: MicroStrategy, planning to rebrand as Strategy, acquired 130 Bitcoins for $11 million, averaging $82,981 per Bitcoin. Despite this purchase, the company's shares fell by 6.8% to $274.13, amid broader cryptocurrency market challenges.
Financial Markets Update:
U.S. Stock Market: Wall Street stocks experienced a significant drop, driven by a selloff in technology shares, particularly those of Tesla and Nvidia, as investors remained concerned about economic and trade policies. The S&P 500 fell by 1.1%, with most sectors in negative territory, while the tech-heavy Nasdaq Composite dropped by 1.8%.
Indian Stock Market: The BSE Sensex surged 1,131 points to reclaim the 75,000 level, closing at 75,301.26. The NSE Nifty also saw significant gains, ending at 22,834.30, up 1.45%. This rally was driven by a bullish trend in global equities and widespread buying across sectors.