gate Research Institute Daily: On March 11th, the price of BTC fell by 2.92% to 80,226 USDT, and the price of ETH fell by 9.62% to 1,867.95 USDT. The crypto market evaporated 13 trillion USD, marking the largest pullback in history. The market value of stablecoins rose to 2,271.7 billion USD, reaching a new historical high. Thailand's SEC approved USDT Compliance trading, a crucial step in the regulation of digital assets. Movement submitted an application for MOVE ETF, and the Mainnet Beta launch is driving the ecosystem's rise. The SEC is shifting to a more encryption-friendly stance and may withdraw exchange registration requirements.
Market Review: BTC price fell by 2.92% to 80,226 USDT, and ETH price fell by 9.62% to 1,867.95 U