Cryptocurrency Price Today: Bitcoin, Ethereum Pick Up Steam; CFX Gains Over 30 Percent
Cryptocurrency price on March 13 quick take: The global crypto market cap managed to rise above the $1 trillion mark over the weekend.
After days of a slump, the global crypto market cap managed to recover and reclaim the $1.02 trillion mark over the weekend. Bitcoin (BTC), the world’s oldest and most valued crypto, appeared stable within the $22,000 range early Monday morning. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL) — landed in the greens across the board. The Conflux (CFX) token emerged to be the top gainer, with a 24-hour gain of over 30 percent.
The global crypto market cap stood at $1.03 trillion at the time of writing, registering a 24-hour gain of 8.33 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $22,338.13, registering a 24-hour gain of 8.27 percent, as per CoinMarketCap. According to Indian exchange WazirX, 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. As per WazirX, Ethereum price in India stood at Rs 1.36 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 5.53 percent, as per CoinMarketCap data, currently priced at $0.07035. As per WazirX, Dogecoin price in India stood at Rs 6.21.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 12.04 percent. At the time of writing, it was trading at $78.04. LTC price in India stood at Rs 6,402.14.
Ripple (XRP) price today
XRP price stood at $0.3691, seeing a 24-hour gain of 0.58 percent. As per WazirX, Ripple price stood at Rs 31.70.
Solana (SOL) price today
Solana price stood at $19.68, marking a 24-hour gain of 8.17 percent. As per WazirX, SOL price in India stood at Rs 1,789.08.
Top crypto gainers today (March 13)
As per CoinMarketCap data, here are the top five crypto gainers over the past 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
Stacks (STX)
Price: $0.743
24-hour gain: 24.72 percent
Maker (MKR)
Price: $899.50
24-hour gain: 24.41 percent
Top crypto losers today (March 13)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Bone ShibaSwap (BONE)
Price: $1.53
24-hour loss: 0.87 percent
Binance USD (BUSD)
Price: $1.00
24-hour loss: 0.36 percent
Tether (USDT)
Price: $1.01
24-hour loss: 0.36 percent
TrueUSD (TUSD)
Price: $1.00
24-hour loss: 0.28 percent
What crypto exchanges are saying about the current market scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Over the past 24 hours, many cryptocurrencies have seen a rise in value due to news of the government's plan to protect all depositors of Silicon Valley Bank. As a result, Bitcoin has surged past the $22,000 mark after hitting its lowest point since January. Within a day, the cryptocurrency has gained nearly 10 percent. Ethereum has also followed a similar trajectory and is trading above the $1,600 level.”
WazirX Vice President Rajagopal Menon said, “Bitcoin has seen a modest increase over the last 24 hours after the Federal Deposit Insurance Corporation, and USDC issuer, Circle announced its support to protect Silicon Valley Bank investors. Large-scale borrowing by small banks in the US, which are the major partners of tech companies, is experiencing high volatility as a domino effect. With funding figures not looking up anytime soon, more tech startups are expected to withdraw their existing reserves further impacting the market. This might also affect Crypto prices in the coming weeks.”
Sathvik Vishwanath, CEO and co-founder of Unocoin said, “Bitcoin has a price target of $18,400 with the possibility of visiting the $21,800 region before the expected decline. For Ethereum, a key support level remains at $1,423 and a break below this level could lead to a retest of last November's lows. The key resistance to watch out for is around $1,460, 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, “Two major US financial institutions have made headlines this week, as both Silicon Valley Bank and Circle faced significant challenges. Silicon Valley Bank's 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 grappling with the aftermath of the failure of its key banking partner, Signature Bank, which has highlighted the dependency of the stablecoin ecosystem on some centralized entities."
Shivam Thakral, the CEO of BuyUCoin, said, “The crypto market cap is back above the $1 trillion mark and BTC has surged by over 8 percent in the last 24 hours and is trading above the $22,300 mark. ETH which follows the BTC trajectory jumped by over 7 percent during the same period. The positive mood of the market is mainly due to the federal regulators hinting towards recovering Silicon Valley Bank’s customer deposits. The news has uplifted investor sentiment with a promise of more liquidity in the market. The momentum will depend on the further regulatory recourse of SVB fallout.”
Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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