Crypto Market Rebound: Global Cap, Bitcoin, Ethereum Dogecoin, Litecoin, Ripple, Solana


The crypto market saw a noticeable upswing over the weekend, with the global capitalization reclaiming the $1.02 trillion mark. Bitcoin (BTC) remained stable around the $22,000 range, while other altcoins including Ethereum (ETH), Dogecoin (DOGE), Litecoin (LTC), Ripple (XRP), and Solana (SOL) posted gains in the 24-hour period. The Conflux (CFX) token was the biggest winner with a surge of over 30 percent. 

The global crypto market cap was worth $1.02 trillion at the time of writing, registering an increase of 8.33 percent in the previous 24 hours.

Crypto Market Performance

At the time of writing, Bitcoin (BTC) was trading at $22,338.13, showing an increase of 8.27 percent. Indian exchange WazirX reported the BTC price at Rs 19.03 lakhs. Ethereum (ETH) saw a loss of 7.79 percent and was trading at $1,596.60. The ETH price in India was Rs 1.36 lakhs. Dogecoin (DOGE) gained 5.53 percent, trading at $0.07035. In India, the Dogecoin price was Rs 6.21. Litecoin (LTC) had a jump of 12.04 percent, trading at $78.04. LTC price in India was Rs 6,402.14. Ripple (XRP) was up 0.58 percent, trading at $0.3691. As per WazirX, XRP was priced at Rs 31.70. Solana (SOL) saw a gain of 8.17 percent and was trading at $19.68. The SOL price in India was Rs 1,789.08. 

Top Crypto Gainers and Losers

CoinMarketCap data showed the top five crypto gainers over the past 24 hours included Conflux (CFX), Synthetix (SNX), Optimism (OP), Stacks (STX), and Maker (MKR). The top five losers were Bone ShibaSwap (BONE), Binance USD (BUSD), Tether (USDT), TrueUSD (TUSD).

Crypto Exchanges’ Viewpoint on the Market

Mudrex co-founder and CEO Edul Patel said, “Many cryptos have seen a boost in their values due to news of the government protecting the investors of Silicon Valley Bank. As a result, Bitcoin has surpassed the $22,000 mark after dipping last month. Ethereum has also followed a similar trend and is trading above the $1,600 level.” WazirX Vice President Rajagopal Menon commented, “Bitcoin has risen modestly in the last 24 hours with the backing of the Federal Deposit Insurance Corporation. However, tech startups withdrawing their existing reserves could have a negative effect on the crypto market in the coming weeks.” Unocoin CEO and co-founder Sathvik Vishwanath said, “Bitcoin could reach $18,400 or even $21,800 before a possible decline. Ethereum has a key support level of $1,423 and resistance at $1,460.”

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. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.

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