🚨 Top Crypto Headlines Today – What You Need to Know!

Author

CoinGape Media
March 10, 2025

News

The rising tide of stablecoin adoption has prompted a significant response from traditional financial institutions. Global banks and fintechs are launching their own stablecoins, capitalizing on the increasing adoption and favorable regulatory environment. Joining an established list of payment providers like Standard Chartered, PayPal, and Revolut, Bank of America (BoE) is considering launching its stablecoin. This growing trend among financial institutions aims to disrupt the dominance of major players like Tether and Circle.

The escalating US Vs Canada trade war has gained notable traction lately, impacting the sentiment of the broader financial market enthusiasts. However, in the latest XRP news, a renowned legal expert said that the ongoing developments could be bullish for Ripple. As Mark Carney is announced as the 24th Prime Minister of Canada, the legal expert said it could be bullish for the blockchain firm as well as XRP Ledger (XRPL).

Markets

The crypto market continues to face headwinds, with Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remaining in a bear market. No good news, including the recent crypto summit, and Strategic Bitcoin Reserve (SBR) has helped the industry. There will be no major crypto-related news this week, meaning that the price action will likely depend on macro events. The most notable of these events will come out on Wednesday when the US publishes closely-watched consumer price index (CPI) data. So, will this inflation report lead to a rebound of BTC, XRP, and ETH this week?

Crypto prices today, March 10, 2025, remain bearish, with Bitcoin and most altcoins registering massive price declines. The recent price decline has triggered concerns of a bear market after BTC saw its biggest weekly drop in more than two years. The rising outflows from crypto products also suggest that institutions have not been buying the dip after last week’s inflows reached $876M.