Gate Research Daily Report: On March 11, BTC price dropped 2.92% to 80,226 USD, while ETH price fell 9.62% to 1,867.95 USD. The crypto market evaporated $1.3 trillion, marking the largest quarterly pullback in history. The market capitalization of stablecoins rose to $227.17 billion, reaching an all-time high. The Thailand SEC approved USDT for compliant trading, marking a key step in digital asset regulation. Movement submitted a MOVE ETF application, with the Mainnet Beta launch driving ecosystem growth. The SEC has shifted to a crypto-friendly stance and may withdraw the exchange registration requirement.
- Market Analysis: BTC price dropped 2.92% to 80,226 USD, while ETH price fell 9.62% to 1,867.95 USD.
- Top Performers: The top performing altcoins in the last 24 hours are RARE, MYTH, and SAROS, which rose by 83.71%, 19.39%, and 4.77%, respectively.
- Data Highlights: The crypto market saw a $1.3 trillion wipeout, marking the largest quarterly correction in history. Meanwhile, the stablecoin market cap surged to a record high of $227.17 billion.
- Spotlight Analysis: The SEC is shifting towards a more crypto-friendly stance and may withdraw exchange registration requirements.
- Market Opportunities: XOOB is a Telegram-based GameFi platform centered around a space-themed mining experience. Players can earn XOOB tokens by completing tasks and participating in mini-games.
Explore today's details → Gate Research: Crypto Market Sees Record $1.3T Quarterly Pullback, Stablecoin Market Cap Hits $227.1B ATH
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Gate Team
March 11, 2025
