Announcements Gate Research: Crypto Market Sees Record $1.3T Quarterly Pullback, Stablecoin Market Cap Hits $227.1B ATH

Gate Research: Crypto Market Sees Record $1.3T Quarterly Pullback, Stablecoin Market Cap Hits $227.1B ATH

2025-03-11 09:26:31 UTC 4869 Read

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Gate Research Daily Report: On March 11, BTC price dropped 2.92% to 80,226 USD, while ETH price fell 9.62% to 1,867.95 USD. The crypto market evaporated $1.3 trillion, marking the largest quarterly pullback in history. The market capitalization of stablecoins rose to $227.17 billion, reaching an all-time high. The Thailand SEC approved USDT for compliant trading, marking a key step in digital asset regulation. Movement submitted a MOVE ETF application, with the Mainnet Beta launch driving ecosystem growth. The SEC has shifted to a crypto-friendly stance and may withdraw the exchange registration requirement.

- **Market Analysis**: BTC price dropped 2.92% to 80,226 USD, while ETH price fell 9.62% to 1,867.95 USD.
- **Top Performers**: The top performing altcoins in the last 24 hours are RARE, MYTH, and SAROS, which rose by 83.71%, 19.39%, and 4.77%, respectively.
- **Data Highlights**: The crypto market saw a $1.3 trillion wipeout, marking the largest quarterly correction in history. Meanwhile, the stablecoin market cap surged to a record high of $227.17 billion.
- **Spotlight Analysis**: The SEC is shifting towards a more crypto-friendly stance and may withdraw exchange registration requirements.
- **Market Opportunities**: XOOB is a Telegram-based GameFi platform centered around a space-themed mining experience. Players can earn XOOB tokens by completing tasks and participating in mini-games.

Explore today's details → <a href="https://www.gate.io/learn/articles/gate-research-crypto-market-sees-record-1-3t-quarterly-pullback-stablecoin-market-cap-hits-227-1b-ath/7222?pid=Web&ch=FrwDRB3l&utm_campaign=TR_n1KI5LO2&utm_content=&utm_medium=CPM&utm_source=CH_79kTf7RP&utm_term=" target="_blank">Gate Research: Crypto Market Sees Record $1.3T Quarterly Pullback, Stablecoin Market Cap Hits $227.1B ATH</a>

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Gate.io Team
March 11, 2025

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Gate Research: Crypto Market Sees Record $1.3T Quarterly Pullback, Stablecoin Market Cap Hits $227.1B ATH

Gate Research: Crypto Market Sees Record $1.3T Quarterly Pullback, Stablecoin Market Cap Hits $227.1B ATH

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