The crypto market turns green for a second day in a row and again almost all prices are in the plus. This is somewhat of a recovery from last week’s decline, but currently also appears to be the result of investors seeking refuge from banking problems. Sentiment is starting to turn, but analysts doubt that this is a new bull run, but rather think of a bear market rally like a month ago. Despite this, crypto’s total market cap is up 7% to $1.12 trillion.
📈Market Overview#BTC price trades above $22K
The Top-10 are traded in green zone: $UN +13.2%, $ETH +4.69%, $BNB +3.45%.
Market cap: $1.16T (+5.95%) $BTC dominance: 40.92% (+2.95%)
Fear & Greed Index: 56 (Greed)
Full Report👉https://t.co/53tWS4OgYy pic.twitter.com/gp0PrSOyH4
— CryptoRank Platform (@CryptoRank_io) March 14, 2023
Bitcoin bounces at $24,500
Bitcoin (BTC) is taking the lead in the crypto market again due to the problems at the banks. The dominance of the mother of all cryptocurrencies has jumped to 43.8%. The BTC price rose by almost 10% on Sunday and by almost 11% in the past 24 hours. Bitcoin failed to break through $24,500 overnight, but the price is about to retest this price. Will Bitcoin succeed now?
To investors realizing that they might want to own some Bitcoin now that the Fed is already intervening, good luck getting what’s left.
Long-term holders now have 73% of the total supply.
You’re not getting my coins, and there are many others like me. pic.twitter.com/0sAZxskXl9
— Will Clemente (@WClementeIII) March 13, 2023
Ethereum Goerli testnet update launches today
Ethereum (ETH) has been correlating very strongly with bitcoin lately, but rose slightly less sharply yesterday. The ETH price was rejected at $1,700 and has been seeking traction at $1,680 ever since. This means that ETH is still 6.2% up today. Later today the “Shapella” update will launch on the Goerli testnet, the last phase before the real work on the mainnet.
Goerli testnet is upgrading to Shapella in ~24 hours.
Last call to check. Remember to upgrade your CL & EL nodes!https://t.co/77GenBTFNr
— terence.eth (@terencechain) March 13, 2023
Crypto top 10 in green, but rising less quickly
The rest of the top 10 lags even further behind. Ripple (XRP) already lingered on Sunday and today the price is only 1.8% up. XRP was rejected at USD 0.38 yesterday and is dropping below USD 0.37 this morning. Cardano (ADA) held a little stronger overnight, but lost traction this morning at $0.345, leaving the share price up just 2.7%. We see such a pattern with Binance coin (BNB), which is up 2.8% today at $306.7.
Dogecoin (DOGE) is already rising a bit faster and although the price did not hold above $ 0.73 this morning, DOGE is still up 4.2% today. The same goes for polygon (MATIC). The MATIC price lost grip at $1.18, but is still up 4.3% at 1.16.
Crypto top 100 fastest risers
In the top 100 we do find a series of prices that have risen even faster than bitcoin in the past 24 hours. For example, stacks (STX), gmx (GMX) and fantom (FTM) are already 11% up today.
Top Blockchain by Unique Addresses Growth since 2023
Since 2023, @FantomFDN Unique Addresses has increased 37.65%, currently at 46M. 🎉
Fantom is showing no less compared to Arbitrum – the hottest name on the market in term of attracting new users! 🔥#Phantom #FTM pic.twitter.com/Ct0I693zdq
— Fantom Daily (@fantom_daily) March 14, 2023
Optimism (OP) and synthetix (SNX) are up more than 12%. Rocket pool (RPL) is even up 14%, okb (OKB) 16% and whitebit (WBT) no less than 18%.
The fastest riser today from the top 100 is again conflux (CFX). The CFX price has been the fastest riser on the market lately. With a price of $0.25, CFX is up almost 32% today and even up 340% from a month ago and 830% from 3 months ago.
🚨The Pump of the Day#Conflux is the most pumped #Crypto token today. #CFX rallied more than 27% and is now trading at $0.2555. Why?
The recent $10M investment in Conflux by market maker DWF Labs combined with the #Bullish sentiment gave the outcome we see🔥 pic.twitter.com/OntdjW5vCX
— Satoshi Talks (@Satoshi_Talks) March 14, 2023
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