Binance Market Update - March 29, 2025
Market Status:
Bitcoin (BTC):
As of today, March 29, 2025, BTC price has dropped below 84,000 USDT, currently trading at 83,919.70 USDT, marking a 3.53% decrease in the last 24 hours. (Binance)
Binance Coin (BNB):
BNB has dropped below 610 USDT, currently trading at 609.93 USDT, reflecting a 3.55% decrease over the past 24 hours. (Binance)
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Key News and Announcements:
1. Decrease in Stablecoin Trading Volume:
According to PANews, trading volume for the top 10 stablecoins has dropped to one-fourth compared to last December’s bull market. Analysts attribute this decline to trader exhaustion, regulatory uncertainties, and Bitcoin's supply hitting a seven-year low. (Binance)
2. Outflow from Bitcoin Spot ETF:
On March 28, $93.157 million was withdrawn from Bitcoin Spot ETFs, indicating a potential shift in investor sentiment. (Binance)
3. Ethereum Delisting Rumors Denied:
Binance founder and former CEO, Changpeng Zhao (CZ), has denied rumors about the exchange planning to delist Ethereum (ETH). (The Crypto Basic)
4. Market Volatility Due to U.S. Tariff Expectations:
Due to volatility in the U.S. stock market and potential tariffs, the crypto market has also experienced fluctuations. Analysts believe that some tariff expectations have already been factored into the market, but comprehensive tariffs could still pose a negative surprise. (Binance)
