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XRP stood out among altcoins with a 3% fall and landed at $2.34. Crypto.com Coin (CRO) closed at $0.08 after a 2.7% shift. Solana (SOL) fell 2.2% to $131.42. Meanwhile, Binance Coin (BNB) also had a quiet day, hovering at $604.65.
In a broader context, Ethereum (ETH) faced strong headwinds, slipping 10.2% over the past seven days.
Overall, the market reflected bearish sentiment, as multiple assets decreased in value.
Susie Violet Ward, a bitcoin journalist and financial analyst, has criticized the UK Financial Conduct Authority's (FCA) cryptoasset policies, claiming they stifle innovation and drive bitcoin businesses offshore.
The Federal Financial Supervisory Authority (BaFin) has issued a warning concerning the website bitwelt.co, which is reportedly offering financial, investment, and crypto asset services without the required authorization.
The Federal Ministry of Finance of Germany has announced new guidelines on tax reporting and record-keeping for crypto assets, replacing its previous circular to clarify cooperation obligations and assessment procedures.
Georg Brameshuber, a cryptocurrency advisor, has expressed concerns over Germany's taxation policies on unclaimed staking rewards.
Tracking the latest price action across Bitcoin, Ethereum, Binance Coin, and more on March 16, 2025.
Rachel Conlan, Chief Marketing Officer at Binance, said that Binance Blockchain Week is a global event showcasing the broader crypto ecosystem and the strength of its community.
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