Here's a quick recap of the crypto landscape for Wednesday (March 25) as of 9:00 a.m. UTC.
Get the latest insights on Bitcoin, Ether and altcoins, along with a round-up of key cryptocurrencymarket news
Bitcoin (BTC) was priced at US$71,240.60, up by 1.4 percent over the last 24 hours.
Chart via TradingView
Bitcoin price performance, March 25, 2026.
Ether (ETH) was priced at US$2,176.21, up by 1.5 percent over the last 24 hours.
Altcoin price update
- XRP (XRP) was priced at US$1.42, up by 0.8 percent over 24 hours.
- Solana (SOL) was trading at US$92.37, trading 2 percent higher over 24 hours.
Today's crypto news to know
Circle stock dives after revised CLARITY draft
Circle (NYSE:CRCL) shares plunged 20 percentin their worst trading day on record after a revised draft of the Clarity Act indicated stablecoin issuers could be barred from offering yield on customer balances.
The proposal targets one of the key incentives behind holding tokens like USDC, treating passive rewards similarly to interest-bearing deposits that banks argue pull funds out of the traditional system.
While the bill leaves room for “activity-based” rewards tied to lending or payments, the broader restriction rattled investors and dragged down Coinbase, which distributes USDC. Circle’s primary distribution partner fell by nearly 10 percent on concerns that reduced yield could shrink user balances and transaction activity.
Bitcoin ETFs draw billions under pressure
Institutional appetite for Bitcoin exposure is proving more resilient than price action suggests, with US-listed spot ETFs pulling in roughly US$2.5 billion over the past month.
The inflows have nearly offset earlier losses this year, marking a sharp reversal from the heavy outflows seen in February.
Notably, the demand has held steady even as Bitcoin trades significantly below its 2025 peak, signaling that large investors may be accumulating during periods of weakness rather than exiting positions.
Analysts point towards the growing role of ETFs as a preferred access point for regulated exposure without custody risks. The broader ETF market is also expanding rapidly, now accounting for a record share of overall trading volume.
NovaBay abandons pharma in crypto rebrand
NovaBay (NYSE:NBY) is exiting its pharmaceutical business entirely and rebranding as Stablecoin Development Corporation, implementing a full structural pivot into digital assets.
The company revealed it now holds over 2 billion SKY tokens—worth roughly US$150 million and representing about 8.8 percent of total supply—acquired through both open-market purchases and a US$134 million private placement backed by crypto-focused investors.
Rather than relying on product sales or traditional revenue streams, the firm is positioning itself as an “onchain holding company,” betting on yield generation and governance influence within decentralized finance ecosystems.
Shares jumped nearly 20 percent on the announcement, though the stock remains down more than 95 percent over the past year.
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Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
