Latest News on Bitcoin (BTC):

Price Update

- As of March 29, 2025, the price of Bitcoin has dropped to around $82,000, down 4% from the daily high of $85,500, with a 24-hour decline of 3.57%. The trading price is approximately $82,028, with a 24-hour trading volume of $27.06 billion.

Market Dynamics

- On March 25, 2025, Bitcoin experienced the largest exchange outflow since July 2024, with over 27,740 Bitcoins (worth about $2.4 billion) withdrawn from centralized platforms.

- On March 4, 2025, on-chain data showed that Grayscale Bitcoin Trust (GBTC) addresses transferred 674.35 BTC to three addresses, including CEX, totaling approximately $56.037 million.

Corporate Investment

- Bitcoin's largest corporate holder, MicroStrategy, purchased approximately 6,911 Bitcoins for about $584.1 million between March 17 and March 23, 2025.

- On March 20, 2025, Hong Kong-listed company Hong Kong Asia Holdings acquired about 10 BTC in the open market, bringing the company's total holdings to 18.88 BTC.

Macroeconomic Policy

- The U.S. Federal Deposit Insurance Corporation (FDIC) announced that banks engaging in cryptocurrency activities do not need prior approval as long as they manage risks appropriately.

- A senior advisor to the Vice President of Brazil stated that Bitcoin's strategic reserves are crucial for national prosperity, and a congressman proposed establishing a strategic sovereign Bitcoin reserve. $BTC