March was the most profitable period for bitcoin miners over the past 10 months, Citi analysts predict a significant increase in the market for tokenization of assets on the blockchain by 2030, British regulators spoke regarding plans to combat the illegal use of cryptocurrencies – these and other news on the morning of March 31 in our review
Behavior of cryptocurrencies — the leaders of capitalization
Bitcoin (BTC), according to CoinMarketCap, started Friday with a slight increase. As of 06:14 (UTC), the cryptocurrency is trading at $28,154 (1 token in rubles — ₽2,169,843). Bitcoin minimum for 24 hours is $27,720, maximum is $28,748.
You can track the exchange rate of bitcoin in rubles at the link.
The second largest cryptocurrency by capitalization, Ethereum, also started the day with growth. As of the time of writing the review, the coin is trading at $1804 (1 token in rubles is ₽139,087).
In the top 10 most capitalized cryptocurrencies, the best result for the day was recorded by Ethereum (+1.50%). Within the week, XRP grew more actively than others (+22.03%). The largest losses in 24 hours (-1.59%) and the last seven days (-7.23%) were recorded by Solana.
In the top 100 most capitalized cryptocurrencies, the best result for the day was recorded by Arbitrum (+10.48%), for the week – by the already mentioned XRP (+22.03%). Over the past 24 hours, Flare (-6.46%) has been losing in price more actively than others. The largest losses for the week were recorded by Stacks (-19.34%).
The main news of cryptocurrencies on the morning of March 31
- March 2023 was the most profitable period for Bitcoin miners in the last 10 months. This is indicated by The Block data. The local maximum yield is fixed once morest the background new records BTC hashrate.
In March 2023, bitcoin miners earned over $718 million. For comparison, in November 2022, the profitability from BTC mining was only $474 million.
- Analysts at investment bank Citi believe that the tokenization of assets on the blockchain will be the next global trend in crypto. In this opinion, representatives of the company shared in my new report.
According to Citi estimates, by 2030 the market for tokenized assets will grow 80 times — up to $4-5 trillion. Read more regarding how assets are tokenized and what are its advantages in our material.
- British regulators shared plans to combat the use of cryptocurrencies for fraudulent purposes. Local regulatory authorities plan to strengthen the regulation of the crypto industry in order to reduce the risks of using digital assets in illegal transactions.
The authors of the document draw attention to the fact that work to reduce the share of fraudulent crypto transactions will help make the country an attractive direction for the development of crypto startups.
Recall that earlier the editors of BeInCrypto collected in one review the main news of cryptocurrencies for March 30.
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