Crypto market makes huge bounce, these rates rise up to 30%

The crypto market made a huge bounce last night. This followed an announcement by the Federal Reserve about the problems at several banks. The entire top 100 turns green and prices are up to 30% up today. The total market capitalization of crypto is up 7.2% to $1.05 trillion.

Bitcoin recovers above USD 22,000

Bitcoin (BTC) took a hard dive last week, but the price is now back above $22,000, the same price as before the crash. Bitcoin consolidated around $22,300 last night, but currently seems to be struggling to hold on to this. The BTC price is at $22,020 at the time of writing, which is 7.9% up today.

Ethereum is not yet retaking $1,600

Ethereum (ETH) again correlates very strongly with bitcoin and is also up 7.9% today. The ether price briefly rose above $1,600 last night, but is currently losing traction and is dropping to $1,578.

USDC Nearly Restores Peg

Normally we omit stablecoins from this overview, but Circle’s USD stablecoin, USDC, took a big hit this past weekend. This morning, USDC once again touched $1 where its price should be. However, the USDC price is currently dropping back to $0.99, but is still up 4%.

XRP lags due to SVB exposure

Ripple (XRP) is noticeably lagging today. That may have to do with exposure to the Silicon Valley Bank. XRP did make a small increase last night, but is now falling back below $0.36, exactly the same price as 24 hours ago.

Cardano hardest climber crypto top 10

Then the green numbers quickly rise again. Polygon (MATIC) is up 4% today at $1.11. Dogecoin (DOGE) is up 4.1% to $0.069. Solana (SOL) is up 6.6% to $19.25. Binance coin (BNB) is up 7.4% to $296.5.

Cardano (ADA) is the big winner from today’s top 10. ADA was unable to recapture $0.34 last night, but is still more than 9% up at $0.332 today.

Crypto top 100 fastest risers

The top 100 is full of even harder risers. Curve (CRV), sandbox (SAND), neo (NEO), rocket pool (RPL), litecoin (LTC) and apecoin (APE) are already up 10% today.

Tron (TRX), bitget token (BGB), and kava (KAVA) are up more than 11%. Singularitynet (AGIX), phantom (FTM), gmx (GMX) and ethereum classic (ETC) are already up almost 12%. Frax share (FXS), aptos (APT) and dash (DASH) are up about 13%.

Filecoin almost 20% up

Then the numbers start to add up even faster. Immutablex (IMX) is up 15%, the graph (GRT) 17% and lido (LDO) almost 18%. In fact, Filecoin (FIL) is up almost 20% today.

Synthetix almost 30% up

Then we’re not done yet. Render (RNDR) enters the top 100 after a 20% increase. Stacks (STX) is already up 22% and Optimism (OP) is up 24.5%. Maker (MKR) is up by 27% and synthetix (SNX) by almost 30%.

Conflux fastest climber crypto top 100

Conflux (CFX) is again the big winner of the top 100 today, rising 30.5% to $0.19. Despite last week’s dip, the CFX price is still up 235% compared to a month ago.

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Disclaimer: Investing involves risks. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips provided on this website are based on our analysts’ own insights and experiences.

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