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The US and European authorities announced the closure of the Garantex cryptocurrency platform in Moscow, accused of processing huge transactions, which affected investors' confidence in the market.

The trading volumes of non-fungible tokens (NFTs) also saw a 50% decrease in February, reflecting a decline in investor interest in digital tokens.

Investors are advised to keep an eye on political and economic developments, as they play a significant role in the fluctuations of the cryptocurrency market.

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In February 2025, the first exchange-traded fund (ETF) for XRP was approved in Brazil, making it the first of its kind in Latin America. It is expected that ETFs for XRP and Solana will attract investments of up to $14 billion, reflecting increased interest from investors. In the market, the prices of some cryptocurrencies like XRP ($2.34) and Solana ($136.13) have slightly decreased, while Dogecoin saw a decline of 0.036%, bringing its price to $0.192647. Developments indicate significant expansion in the cryptocurrency sector and an increase in investment options.

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#WhiteHouseCryptoSummit The cryptocurrencies today, March 8, 2025, experienced notable movements. The price of Bitcoin fell by 3.68% to reach $86,335, with a low of $85,345 and a high of $91,093. Ethereum also decreased by 0.32% to record $2,188.49, between a low of $2,114.43 and a high of $2,247.86. This decline follows U.S. President Donald Trump's signing of an executive order to create a strategic reserve of Bitcoin, raising investor concerns about the impact on the market. Additionally, "Gemini" announced plans for an initial public offering, reflecting ongoing institutional interest in the cryptocurrency market.

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