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International Business Times
26-04-2025
- Business
- International Business Times
Bitcoin Rebounds to $83K After Sharp Fall, Global Crypto Market Shows Mixed Trends in March 2025
Only two months ago, on January 20th, 2025, with President Trump's inauguration, Bitcoin reached its all-time high price of $109,350. The rally was driven by a positive market mood and growing institutional interest. But since then, the cryptocurrency market has remained extremely volatile. In recent weeks, Bitcoin's price has fallen to about $82,000 as of early March, one of its steepest weekly drops ever, before recovering to over $83,000. Analytical Insight, in its new report, sheds light on how global cryptocurrency markets performed in March 2025. The report reveals mixed trends due to shifting investor sentiments, new regulations, and changes in the world economy. Despite the volatile global economy, Bitcoin remained strong, ending March at over $83,000. It rose slightly over the month and jumped 8% in the last week, unlike Ethereum, the second biggest cryptocurrency, which dropped by 18% and closed the month around $1,574. Other coins like Solana performed much better, rising more than 17% in a week. The value of stablecoins like USDT and USDC remained mostly the same. These currencies are frequently bought by investors seeking safety in times of market uncertainty. Also on the rise are XRP and TRX, suggesting that some traders are still optimistic about the market. Decentralized Financial (DeFi) platforms also saw a drop in value, going down from $177 billion in January to $128 billion in March. However, non-fungible token (NFT) trading picked up with more transactions despite the lower average sale price. Investment firms showed growing interest in Bitcoin and Ethereum. Ashish Sukhadeve, CEO of Analytics Insight, said the crypto market is known for big ups and downs. "It's more risky than regular markets, but it can also bring big rewards," he said. "Our report helps people learn from past trends and plan better." The report also talks about European Union's introduction of new regulations for digital assets in March, and in the U.S., leaders discussed using cryptocurrencies more in national financial systems. There was also talk about a U.S. Bitcoin Reserve and digital currency projects in Asia and Europe, which made many hopeful about the future of cryptocurrency.
Yahoo
19-02-2025
- Business
- Yahoo
Newly launched cryptocurrency receives major buzz after raising over $7 million in presale: 'Cryptocurrency of the future'
Cryptocurrency has faced a lot of criticism for its dependence on dirty energy and the toll that transactions take on the environment. A new project is trying to change that perception with the public. Lightchain AI is a newly launched cryptocurrency that combines artificial intelligence with blockchain. It had a successful presale and raised more than $7 million from early investors, according to Analytics Insight. One of Lightchain AI's biggest selling points is its commitment to green crypto, which means it prioritizes things like sustainability, efficiency, and renewable energy. Some ways to achieve green crypto include the adoption of solar or wind power, purchasing carbon credits, and investing in green initiatives. There's a huge need for innovative and sustainable cryptocurrency solutions because it utilizes so much energy and water to operate. It relies heavily on dirty energy and its use is only increasing over time. Bitcoin consumes as much electricity every year as a small country, according to a report from United Nations University. That carbon impact is equivalent to burning 84 billion pounds of coal or running 190 power plants using natural gas. Experts have debated whether Bitcoin can survive long-term without a major change. Some countries have even proposed taxes on crypto mining to curb its energy drain. "Our findings should not discourage the use of digital currencies. Instead, they should encourage us to invest in regulatory interventions and technological advancements that improve the efficiency of the global financial system without harming the environment," said Kaveh Madani, the director of the United Nations University Institute for Water, Environment and Health. Lightchain AI's use of artificial intelligence does a lot of heavy lifting on the computations needed for transactions, leading to a significant reduction in energy consumption. "With a focus on sustainability and efficiency, Lightchain AI mends environmental issues with running blockchain applications, leading the field in sustainable crypto solutions," Analytics Insight said. Do you worry about companies having too much of your personal data? Absolutely Sometimes Not really I'm not sure Click your choice to see results and speak your mind. "Lately, its focus on carbon footprint reduction and technological innovation has positioned Lightchain AI as a likely candidate for the green cryptocurrency of the future." Join our free newsletter for good news and useful tips, and don't miss this cool list of easy ways to help yourself while helping the planet.
