The recent closures of crypto-friendly Silicon Valley Bank and Signature Bank appear to have no impact on crypto prices as the overall market cap managed to rise above $1.08 trillion for the first time in weeks. Bitcoin (BTC) managed to rise above the $24,000 mark, whereas Ethereum (ETH) climbed above the $1,600 mark as well. Other popular altcoins — including the likes of Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — managed to land in the greens across the board. Conflux (CFX) continued to be the rop gainer for the second consecutive day, with a 24-hour jump of over 40 percent.
The global crypto market cap stood at $1.08 trillion at the time of writing, registering a 24-hour gain of 6.19 percent.
Bitcoin (BTC) price today
Bitcoin price stood at $24,484.51, registering a 24-hour gain of 9.50 percent, as per CoinMarketCap. According to Indian exchange WazirX, BTC price stood at Rs 20.99 lakhs.
Ethereum (ETH) price today
ETH price stood at $1,683, marking a 24-hour gain of 5.06 percent at the time of writing. As per WazirX, Ethereum price in India stood at Rs 1.44 lakhs.
Dogecoin (DOGE) price today
DOGE registered a 24-hour gain of 3.25 percent, as per CoinMarketCap data, currently priced at $0.07292. As per WazirX, Dogecoin price in India stood at Rs 6.30.
Litecoin (LTC) price today
Litecoin saw a 24-hour jump of 4.42 percent. At the time of writing, it was trading at $81.62. LTC price in India stood at Rs 6,912.87.
Ripple (XRP) price today
XRP price stood at $0.3691, seeing a 24-hour gain of 0.70 percent. As per WazirX, Ripple price stood at Rs 32.11.
Solana (SOL) price today
Solana price stood at $20.50, marking a 24-hour gain of 8.17 percent. As per WazirX, SOL price in India stood at Rs 1,900.
Top crypto gainers today (March 14)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Conflux (CFX)
Price: $0.2634
24-hour gain: 40.09 percent
Rocket Pool (RPL)
Price: $43.16
24-hour gain: 14.21 percent
OKB (OKB)
Price: $48.25
24-hour gain: 12.97 percent
Optimism (OP)
Price: $2.62
24-hour gain: 11.32 percent
GMX (GMX)
Price: $74.87
24-hour gain: 10.81 percent
Top crypto losers today (March 14)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
UNUS SED LEO (LEO)
Price: $3.36
24-hour loss: 13.89 percent
Huobi Token (HT)
Price: $4.03
24-hour loss: 3.96 percent
Maker (MKR)
Price: $896.45
24-hour loss: 1.15 percent
ApeCoin (APE)
Price: $4.44
24-hour loss: 0.48 percent
Pax Dollar (USDP)
Price: $0.9961
24-hour loss: 0.32 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, Bitcoin's value soared to over $24,000, marking a nearly 10 percent increase. This surge came after US regulators announced their support for Silicon Valley Bank and Signature Bank, leading investors and traders to believe that the recent banking sector crisis could prompt the Federal Reserve to improve its monetary policy. As a result, BTC's value rose above its previous floor and reached a two-week high. Meanwhile, Ethereum also saw a rise in value, trading above the $1,600 mark. This upward trend in Bitcoin and Ethereum's value contributed to an overall increase in most cryptocurrencies' value.”
WazirX Vice President Rajagopal Menon said, “Bitcoin’s price surges as investors leave USDC after the SVB fiasco, and flock to BTC. There is an improvement in investor sentiment as US regulators extend their helping hand towards investors. The European Union has proposed to introduce a new blockchain customized for the region, which has all pertinent information related to personal identification, details, etc while protecting user privacy and being compliant with MiCA.”
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.