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Bitcoin Soars to Break $85,000 Barrier, Then Retraces, Now Trading at $84,280

2 days ago

On March 17th, based on HTX market data, Bitcoin witnessed a rapid upward surge and broke through $85,000 before pulling back. Currently, it is trading at $84,280, with a 24-hour decline of 0.08%.
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Yesterday the US Ethereum Spot ETF saw a net outflow of $7.3 million

On March 18th, according to the monitoring of Farside Investors, yesterday, there was a net outflow of $7.3 million in the US Ethereum spot ETF.

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Burwick Law has filed a lawsuit in the New York Supreme Court against the parties involved in the issuance of the LIBRA token.

On March 18th, a U.S. law firm named Burwick Law announced on social media that it has filed a lawsuit on behalf of its client in the New York State Supreme Court against Kelsier, KIP, Meteora, and relevant parties. The lawsuit alleges improper conduct in the issuance of the LIBRA token. The class-action lawsuit accuses them of orchestrating an unfair token issuance, misleading purchasers, and causing harm to the interests of retail investors.

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Bitcoin Dips Below $83,000

On March 18th, according to HTX market data, Bitcoin dropped below $83,000, with a 24-hour decrease of 0.62%.

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BLUR has undergone over a year of unlocking, and its circulating supply has increased from 400 million to 2.25 billion coins, with the price dropping 90% during the same period.

On March 18th, as monitored by on-chain analyst Yu Jin, when BLUR went live at the beginning of 2023, the price was approximately $1, and the circulating market capitalization was $410 million. Now, the BLUR price has dropped to $0.1, representing a 90% decrease. However, the circulating market capitalization has only decreased by 40% (from $410 million to $235 million). Due to more than a year of monthly unlocks, the circulation supply of BLUR has expanded from the initial 400 million to the current 2.25 billion, an increase of 4.6 times.

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CryptoQuant CEO: Bitcoin Bull Market Has Ended, Expecting Either a Range-Bound or Bearish Trend in the Next 6 to 12 Months

On March 18, Ki Young Ju, the CEO of CryptoQuant, stated in a post that "the Bitcoin bull market cycle has come to an end and it is anticipated to enter a bearish or sideways market within the next 6 to 12 months."

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Binance to Delist DODO/BTC, IDEX/USDC Leveraged Tokens

On March 18th, according to an official announcement, Binance will remove the following leverage trading pairs on March 25, 2025, at 14:00 (UTC+8): - Cross Margin Trading Pairs: ALPHA/BTC, CTXC/BTC, DODO/BTC, IDEX/USDC, LISTA/FDUSD, NKN/BTC, SAGA/BTC - Cross Margin Trading Pairs: ALPHA/BTC, CTXC/BTC, DODO/BTC, IDEX/USDC, LISTA/FDUSD, NKN/BTC, SAGA/BTC

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