Crypto Price Today Live: Bitcoin above $24,500; Ethereum, Litecoin rise up to 5%

New Delhi: Taking his winning streak for the second day in a row, the cryptocurrency markets were trading higher in Tuesday trading. Bitcoin (BTC) rose 9.25% to $24,514, while Ethereum (ETH) broke above the $1,650 level. BTC volume stood at approximately $48.26 billion, increasing 39.89% in the last 24 hours.

Meanwhile, the global cryptocurrency market capitalization was trading higher at around $1.08 trillion, up 5.11% over the past 24 hours.

“Over the past 24 hours, Bitcoin has surged nearly 10%, breaking the $24,000 mark, following the announcement that US regulators have backed Silicon Valley Bank and Signature Bank. The recent near-collapse will the Federal Reserve to ease its monetary policy. As a result, BTC has risen above a bottom and reached a two-week high," said Edul Patel, co-founder and CEO of Mudrex.

Other major crypto tokens were also trading higher. dogecoinSolana, Polygon and Polkadot were trading 3% higher.

The total volume in DeFi is currently 8.03 billion, 8.83% of the total 24-hour volume of the crypto market. The volume of all stablecoins is now at $86.66 billion, representing 95.29% of the total 24-hour volume of the crypto market.

The market capitalization of Bitcoin, the world's largest cryptocurrency, was around $473 billion. Bitcoin dominance is currently at 43.70%, up 1.41% over the day, according to CoinMarketCap.

“The next major level for BTC to break is the $25,300 post, $28,000 of which will be up for grabs. BTC dominance has risen to over 43% today, indicating that investors are choosing BTC over altcoins in the short term. Some volatility is expected this week as US CPI data arrives tomorrow," said Vikram Subburaj, CEO of Giottus Crypto Platform. Rajagopal Menon, Vice President of WazirX, said: "The major market oscillators Point to Neutral Sentiment Neutral Outlook Stochastic %K (14, 3, 3) indicates Neutral Outlook at 81.95 and Average Directional Index (14) at 22.36 indicates Buy."

"The MACD level (12, 26), at −88.41, indicates a buy, contrary to the previous day's prediction. The Fast Stochastic RSI (3, 3, 14, 14) and Williams Percentage Range (14) continue to be neutral at 93.02 and −5.03 respectively," added Menon.

Crypto Cart: Fast Look (Fountain: coinmarketcap.comdata as of 11:48 a.m. IST 14 Mar 2023)

Bitcoin $24,514 9.25%

Ethereum $1,682 4.92%

Mooring $1 0.03%

BNB $307.69 1.15%

XRP $0.3712 0.58%

Cardano $0.3447 1.71%

Polygon $1.18 3.75%

Dogecoin $0.07285 3.13%

Solana $20.45 3.90%

Polka dots $6.17 4.04%

Tron $0.0671 -1.99%

Shiba-Inu $0.00001111 2.38%

Litecoin $81.27 4.20%

(Note: price change in the last 24 hours)

(Disclaimer: The recommendations, suggestions, views and opinions given by the experts are my own. These do not represent the views of The Economic Times)