Crypto Market & Global Economy Update – March 14

Russian companies are using cryptocurrencies like $BTC, $ETH, and $USDT to trade oil with China and India in an effort to bypass sanctions.

The Trump family’s crypto project, World Liberty Financial, has raised $550 million from investors by selling WLFI tokens.

Gold prices have reached a record high of $3,000 per ounce for the first time in history.

A bill will be introduced in the US Congress to make former President Trump’s executive order on a strategic Bitcoin reserve and digital asset fund permanent.

The Securities and Exchange Commission (SEC) has proposed recognizing XRP as a strategic financial asset in the US.

Retail Bitcoin holders with less than 1 BTC are experiencing significant losses, mirroring the capitulation seen at the end of 2020.

Source: https://www.binance.com/en/square/post/21550472282170