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Crypto News

Bitcoin Reclaims $85K Following Fed and Stocks Rose

Crypto markets are seeing a positive trend following the Fed's meeting, with the U.S. central bank maintaining the fed funds rate range at 4.25%-4.50%.

Bitcoin (BTC) has risen 0.96% in the last 24 hours and is now trading for $85,565, its highest point since March 9.

Trump to speak at Digital Asset Summit

United States President Donald Trump will speak at Blockworks’ Digital Asset Summit in New York on 10:40 am ET, March 20, Blockworks said.

His speech will mark the first time a sitting US president has ever spoken at a cryptocurrency conference, Blockworks said in a March 19 announcement.

Stablecoin transfer volume reaches $35 trillion, twice that of Visa

The total supply of stablecoins as of last month reached 214 billion US dollars. At the same time, the annual transfer volume stands at $35 trillion, twice that of Visa. 

According to a recent report by Dune, the number of active addresses jumped by 53% and reached a net of 30 million. Comparing the dominance of USDC and USDT, it appears that USDC’s market cap doubled to $56 billion due to recent MiCa and DIFC approvals. It also made partnerships with MoneyGram and Stripe. At the same time, USDT grew to $146 billion but is more focused on P2P remittances.

North Carolina Introduces Bill to Allocate $950 Million to Bitcoin Investments

North Carolina lawmakers have introduced a new bill that could see the state invest up to $950 million of its public funds into Bitcoin. The proposal, titled the "NC Bitcoin Reserve and Investment Act" (SB327), could potentially direct 10% of the state’s general fund to Bitcoin, positioning the state as a leader in cryptocurrency adoption.

Bitcoin Spot ETF Flow

The overall net inflow of the US Bitcoin spot ETF on Tuesday (Mar 19) was $11.8 million. The total net asset value of Bitcoin spot ETFs is $95.75 billion, and the ETF net asset ratio (market value compared to total Bitcoin market value) is 5.65%.

The Bitcoin spot ETF with the highest net inflow on Mar. 19 was Bitwise Bitcoin ETF, with a net inflow of $12.09 million. The second highest net inflow was Grayscale Bitcoin Trust , with a net inflow of $5.41 million.