The cryptocurrency market experienced a downturn on Thursday, with the global market capitalization falling 1.4% to $3.15 trillion, amid significant developments in institutional adoption and mixed traditional market performance.
| Cryptocurrency | Gains +/- | Price (Recorded at 8.37 p.m. ET) |
| Bitcoin (CRYPTO: BTC) | +0.6% | $97,311.65 |
| Ethereum (CRYPTO: ETH) | -3.42% | $2,698.76 |
| Dogecoin (CRYPTO: DOGE) | -3.18% | $0.2504 |
What Happened: Bitcoin retreated below the $97,000 mark, touching a low of $95,707.35, even as Utah’s House of Representatives passed legislation permitting Bitcoin investments in the state.
The bill, which now awaits Senate review, represents a notable advancement in state-level cryptocurrency regulation, according to Binance.
The market decline triggered substantial liquidations, with 117,835 traders facing positions worth $234.29 million being cleared in the past 24 hours, according to CoinGlass.
On Thursday, Trump Media & Technology Group Corp (NASDAQ:DJT) revealed it has applied for trademarks for six investment products targeting Bitcoin, U.S. manufacturing, and energy sectors. Among the trademarks are Truth.Fi Bitcoin Plus ETF, Truth.Fi Made in America ETF, and …
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