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Major coins traded mixed on Sunday evening as the recent banking crisis in the United States has caused many investors to question the reliability of the traditional banking system. Cryptocurrency Gains (+/-) Price (Recorded 9:30 p.m. EST) Bitcoin +0.78% $27,873 Ethereum +0.66% $1,767 Dogecoin -0.36%

$0.073

What Happened: Apex cryptocurrency Bitcoin BTC/USD is currently trading below $28,000.

Ethereum ETH/USD was up 0.66% to change hands below $1,800. Dogecoin DOGE/USD was trading at $0.073, down 0.36% in the last 24 hours. Top Gainers Cryptocurrency Gains (+/-) Price( Recorded 9:30 p.m. EST) Rocket Pool +9.35% $42 ssv.network +9.14% $37.51 Conflux +7.23% $0.34

At the time of writing, the global crypto market capitalization stood at $1.16 trillion, an increase of 0.64% over the last day.

U.S. stocks rose Friday after a volatile trading session. Although Friday began with fears that the banking crisis was spilling over to Deutsche Bank, the markets rebounded to end the week on a higher note. The S&P 500 rose 0.56%, while Nasdaq Composite ticked up 0.3%.
See More: Best Crypto Day Trading Strategies

News Highlights: Liquidity is a major problem in today's crypto market. According to the Kaiko data provider, large orders without market depth can cause large price fluctuations, leaving traders vulnerable to slippage and even potential losses.

Conor Ryder, Research analyst at Kaoiko said the liquidity crisis has been particularly evident in Bitcoin, where the closure of two key US-based banks hassignificantly reduced liquidity levels to 10-month lows. The same liquidity crunch is also affecting the decentralized finance (DeFi) sector.

The liquidity situation in crypto is worsening after the banking fears this month

I dived into several liquidity metrics to give an update on all things crypto liquidity

First, $BTC liquidity has dropped to 10 month lows as market makers lose access to USD payment railspic.twitter.com/RwcBEJ8y5Z Conor Ryder (@ConorRyder) March 23, 2023

Analyst Notes: Crypto analyst Michal van de Poppe said that he predicted Bitcoin would drop to $25,000, but the apex crypto resisted and made a substantial correction to $26,200. He believes BTC would eventually reach $40,000. Trading isnt black and white, its often grey. This push makes me believe well continue up.

Yes, I believed we were going to drop to $25K.

However, we did squeeze to $28.7K and make a substantial correction to $26.2K. I also mentioned well most likely go to $40K after.

Trading isnt black and white, its often grey.

This push makes me believe well continue up. Michal van de Poppe (@CryptoMichNL) March 23, 2023

Crypto analystJustin Bennett had a snarky response to Balaji Srinivasan's bold $1 million bet. He said, if Bitcoin were to lose $26,500 on high times frames, then this would be the most obvious short entry point that the majority of crypto Twitter missed because they were promised $1 million in Bitcoin in just 90 days.

If $BTC loses $26,500 on the HTFs, this will go down as the most obvious short entry that most of crypto Twitter missed because they were promised $1 million #Bitcoin in 90 days.

Only in crypto. https://t.co/GUWze1Juy9 pic.twitter.com/fDYa24jCNM Justin Bennett (@JustinBennettFX) March 25, 2023

Read Next: Web3 Token Surpasses Bitcoin, Ethereum In Weekly Gains With 33% Surge On Microsoft Tie-Up

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Politics

112 crypto companies urge Senate to protect developers in market structure bill

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112 crypto companies urge Senate to protect developers in market structure bill

112 crypto companies urge Senate to protect developers in market structure bill

Coinbase, Kraken, Ripple, a16z and others pressed the Senate to add explicit protections for developers and non-custodial services in the market structure bill.

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World

Putin, Xi, and Kim set to unite at major military parade

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Putin, Xi, and Kim set to unite at major military parade

Kim Jong Un will join Xi Jinping and Vladimir Putin at a major military parade in Beijing next week, North Korean and Chinese state media have announced.

The dictator will make the rare trip abroad as China marks the 80th anniversary of the end of the Second World War.

Mr Putin’s presence had already been confirmed. He and Mr Kim will be among 26 foreign leaders at the event, with none expected from the US or Western Europe.

China, Russia, and North Korea are close allies. Beijing has long been Pyongyang’s biggest aid and trading partner, while Mr Kim has been providing the Russian president with troops for his war in Ukraine.

There are currently no details of exactly when and for how long Mr Kim will be in China. It’s set to be his first visit in some six years – before the pandemic.

Hong Lei, assistant foreign minister of China, said the country would “warmly welcome” Mr Kim and that “maintaining, consolidating, and developing” relations between the two countries’ governments was a priority.

North Korean leader Kim Jong Un in Pyongyang, North Korea, October 7, 2024. Pic: Reuters
Image:
North Korean leader Kim Jong Un in Pyongyang, North Korea, October 7, 2024. Pic: Reuters

Asked what message China was sending by hosting Mr Putin, Mr Lei said the Russian president’s attendance at commemorative events “further demonstrates the high level of the China-Russia comprehensive strategic partnership of coordination for a new era and declares the unity and solidarity between China and Russia”.

He added: “Facing an international landscape fraught with both change and turmoil, China and Russia, as founding members of the UN and permanent members of the Security Council, will continue to uphold the authority of the United Nations and international fairness and justice.”

It may not be the last of Mr Kim’s major global summits of the year, with Donald Trump having said earlier this week he fancies another meeting with the North Korean.

The pair had an unprecedented meeting during the US president’s first term, and he’s suggested they could reunite later this year.

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Technology

Microsoft fires two employees over breaking into its president’s office

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Microsoft fires two employees over breaking into its president’s office

Pro-Palestinian demonstrators hold banners and signs as they protest outside the Microsoft Build conference at the Seattle Convention Center in Seattle, Washington on May 19, 2025.

Jason Redmond | Afp | Getty Images

Microsoft on Thursday said that it had terminated two employees who broke into President Brad Smith’s office earlier this week.

The news comes after seven current and former Microsoft employees on Tuesday held a protest in the company’s building in Redmond, Washington, in opposition to the Israeli military’s alleged use of the company’s software as part of its invasion of Gaza.

The protesters, affiliated with the group No Azure for Apartheid, gained entry into Smith’s office and had demanded that Microsoft end its direct and indirect support to Israel.

In a post on Instagram, No Azure for Apartheid said Riki Fameli and Anna Hattle had been fired by the company.

“Two employees were terminated today following serious breaches of company policies and our code of conduct,” a Microsoft spokesperson said in a statement, noting unlawful break-ins at the executive offices.

“These incidents are inconsistent with the expectations we maintain for our employees. The company is continuing to investigate and is cooperating fully with law enforcement regarding these matters,” the statement added.

In the aftermath of the protests, Smith claimed that the protestors had blocked people out of the office, planted listening devices in the form of phones, and refused to leave until they were removed by police. 

No Azure For Apartheid defines itself as “a movement of Microsoft workers demanding that Microsoft end its direct and indirect complicity in Israeli apartheid and genocide.”

The Guardian earlier this month reported that the Israeli military had used Microsoft’s Azure cloud infrastructure to store the phone calls of Palestinians, leading the company to authorize a third-party investigation into whether its technology has been used in surveillance.

Smith said on Tuesday that the company would “investigate and get to the truth” of how services are being used. 

According to Smith, No Azure For Apartheid also mounted protests around the company’s campus last week, leading to 20 arrests in one day, with 16 having never worked at Microsoft. 

No Azure for Apartheid has held a series of actions this year, including at Microsoft’s Build developer conference and at a celebration of the company’s 50th anniversary. Bloomberg reported on Tuesday that a Microsoft director had reached out to the Federal Bureau of Investigation regarding the protests.

Microsoft’s actions come after tech giant Google fired 28 employees last year following a series of protests against labor conditions and the company’s contract with the Israeli government and military for cloud computing and artificial intelligence services. In that case, some employees had gained access to the office of Thomas Kurian, CEO of Google’s cloud unit.

— CNBC’s Jordan Novet contributed to this report. 

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