March 25 currency circle news: Mainstream currencies collectively rise, U.S. Congress focuses on tokenization issues

Today is March 25th. Let's use the most straightforward terms to talk to newbies who have just entered the currency circle about today's major events in the currency circle. Without engaging in technical terms or beating around the corners, we will be able to clearly understand what happened in the currency circle today. What should we focus on?

First of all, let's talk about the market that everyone is most concerned about-the overall currency circle is up today, and there are no major ups and downs, and the overall situation is relatively stable. As of 11:00 a.m. today, the price of Bitcoin, which has attracted the most attention, is about US$70,164.6, which translates into RMB to just over 480,000. It has increased by 2.09% in the past 24 hours. During this period, the highest has risen to around US$71800, and the lowest has reached US$67500. The transaction volume is not low. It has reached US$929 million in 24 hours, and the market value in circulation is about US$1.40 trillion. The overall trend is quite satisfactory and there is not much fluctuation.

In addition to Bitcoin, Ethereum also performed well. Today's price is about US$2,129.66, up 2.92% in 24 hours, rising to a high of US$2,198.53, and a low of US$2,023.16. The transaction volume is 468 million. Like Bitcoin, it is a slight increase.

What is worth noting for novices is that there are two niche currencies that have particularly prominent gains today. One is Bittensor, which has a 24-hour increase of 10.27%, and the price has risen to US$306.9; the other is Aptos, which has also increased by 10.53%, and the price has a price of US$1.0472. However, let's remind newbies that these niche currencies are usually very volatile, and they may fall quickly if they rise quickly. Don't blindly follow the trend. In addition, DOT and Mantle fell today, with a 24-hour decline of 2.08%. Another currency fell by 5.17%, so not all currencies are rising, so you must watch more and move less before entering the market.

In addition to the market, there is another major event today that may have a significant impact on the future of the entire currency circle. The U.S. Congress held a hearing today specifically on "tokenization", which is the first time that the U.S. Congress has specifically talked about this topic. Simply put, tokenization means turning real-world assets, such as houses and stocks, into tokens in the coin circle, so that more convenient transactions can be achieved. This track is favored by many people and believes that it can connect the coin circle and the real world, releasing a lot of liquidity.The hearing also invited the CEO of the Blockchain Association to attend and communicate face-to-face with lawmakers. This shows that tokenization has attracted the attention of the highest legislative body in the United States, and relevant rules may be introduced in the future. For the currency circle, it is a biased positive signal.

There is also news related to the currency circle. In the U.S. stock market today, stablecoin issuer Circle Internet fell 20.11%, mainly because there is a bill that may limit the balance income of stablecoins. Affected by this, the cryptocurrency exchange Coinbase also fell 9.76%, and some American users reported that they encountered problems withdrawing cash on Coinbase. However, this news has little impact on ordinary novices for the time being. The focus is on the trend of the currencies they hold.

Finally, I would like to give a little reminder to novices: Although mainstream currencies are rising today, the fluctuations in the currency circle are inherently large. Don't blindly add positions just because of a temporary increase, and don't follow suit and buy when you see niche currencies rise much. In addition, there may be new developments in the follow-up hearings in the U.S. Congress. Changes in regulatory policies will affect the entire currency circle. Everyone can pay more attention to this kind of news. Newbies should try to start with mainstream currencies such as Bitcoin and Ethereum first, which is relatively more safe.

Add that today's market data is as of 11:00 a.m. on March 25, and there may be fluctuations in the future. When everyone looks at the market, use real-time data as the basis and don't focus on the price at a point in time to judge.