After days of falling, the global crypto market cap managed to rally and reclaim the $1.02 trillion mark over the weekend. Bitcoin (BTC), the world's oldest and most valuable crypto, appeared stable within the $22,000 range early Monday morning. Other popular altcoins, including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL), have landed in the greens across the board. The Conflux (CFX) token turned out to be the top gainer, gaining more than 30 percent in 24 hours.
The global crypto market capitalization stood at $1.03 trillion at the time of writing, posting a 24-hour gain of 8.33 percent.
Bitcoin (BTC) price today
Bitcoin price sat at $22,338.13, posting a 24-hour gain of 8.27 percent, according to CoinMarketCap. According to the Indian exchange WazirX, the BTC price stood at Rs 19.03 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,596.60, marking a 24-hour gain of 7.79 percent at the time of writing. According to WazirX, the Ethereum price in India stood at Rs 1.36 lakhs.
Dogecoin (DOGE) price today
DOGE posted a 24-hour gain of 5.53 percent, according to data from CoinMarketCap, currently priced at $0.07035. According to WazirX, the Dogecoin price in India was Rs 6.21.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 12.04 percent. At the time of writing this article, it was trading at $78.04. The LTC price in India stood at Rs 6,402.14.
Ripple Price (XRP) Today
XRP price stood at $0.3691, with a 24-hour gain of 0.58 percent. According to WazirX, the Ripple price stood at Rs 31.70.
Solana (SOL) price today
Solana price settled at $19.68, marking a 24-hour gain of 8.17 percent. According to WazirX, the SOL price in India was Rs 1,789.08.
Top cryptocurrency gainers today (March 13)
Based on CoinMarketCap data, here are the top five cryptocurrency gainers in the last 24 hours:
Conflux (CFX)
Price: $0.1889
24 hour gain: 30.13 percent
Synthetix (SNX)
Price: $2.85
24 hour gain: 28.56 percent
Optimism (OP)
Price: $2.36
24 hour gain: 24.97 percent
Batteries (STX)
Price: $0.743
24 hour gain: 24.72 percent
Manufacturer (MKR)
Price: $899.50
24 hour gain: 24.41 percent
Top crypto losers today (March 13)
Based on CoinMarketCap data, here are the top five cryptocurrency losers in the last 24 hours:
ShibaSwap Bone (BONE)
Price: $1.53
Loss of 24 hours: 0.87 percent
Binance USD (BUSD)
Price: $1.00
Loss of 24 hours: 0.36 percent
Tether (USDT)
Price: $1.01
Loss of 24 hours: 0.36 percent
TrueUSD (TUSD)
Price: $1.00
Loss of 24 hours: 0.28 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live: โOver the past 24 hours, many cryptocurrencies have seen a surge in value due to news of the government's plan to protect all Silicon Valley depositors. Bank. As a result, Bitcoin broke above the $22,000 mark after touching its lowest point since January. In one day, the cryptocurrency has gained almost 10 percent. Ethereum has also followed a similar trajectory and is trading above the $1600 level."
WazirX Vice President Rajagopal Menon said: โBitcoin has seen a modest rise over the past 24 hours after the Federal Deposit Insurance Corporation and USDC issuer Circle announced their support to protect Silicon investors. Valley Bank. Large-scale lending by small banks in the US, which are the main partners of technology companies, is experiencing high volatility as a domino effect. With funding numbers not improving any time soon, more tech startups are expected to withdraw their existing reserves, which will have a bigger impact on the market. This could also affect Crypto prices in the coming weeks."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said: โBitcoin has an $18,400 price target with the possibility of visiting the $21,800 region before the expected drop. For Ethereum, a key support level remains at $1423 and a break below this level could lead to a retest of the lows from last November. Key resistance to watch is around $1460, which represents the February lows. MATIC is currently trading around $1.08, Solana around $17.99 and TRX around $0.05938."
Kunji founder Anurag Dixit offered his take: โTwo major US financial institutions have made headlines this week as both Silicon Valley Bank and Circle faced significant challenges. Silicon Valley Bank depositors were granted full access to their funds on Monday, following restrictions on withdrawals and transfers due to concerns about the bank's liquidity position. Meanwhile, Circle has been dealing with the fallout from the failure of its key banking partner, Signature Bank, which has highlighted the stablecoin ecosystem's reliance on a few centralized entities."
Shivam Thakral, CEO of BuyUCoin, said: โCryptocurrency market capitalization is back above the $1 trillion mark and BTC has risen more than 8 percent in the last 24 hours and is trading above the $22 mark. 300. ETH following the trajectory of BTC jumped more than 7 percent during the same period. The positive market mood is mainly due to federal regulators hinting at the recovery of deposits from Silicon Valley Bank clients. The news has raised investor sentiment with the promise of more liquidity in the market. The momentum will depend on the further regulatory appeal of the consequences of SVBโ.
Disclaimer: Crypto products and NFTs are unregulated and can be very risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not legal tender and is subject to market risk. Readers are advised to seek expert advice and carefully read the offering documents along with relevant relevant literature before making any type of investment. cryptocurrency market predictions are speculative and any investment made will be at the sole risk and account of the readers.
