Crypto markets rebound sharply as these rates rise by as much as 30%

There was a huge rally in the cryptocurrency market last night. Earlier, the Fed issued a statement on the issue of several banks. The entire top 100 has gone green, with prices up 30% today. The total market capitalization of crypto increased by 7.2% to $1.05 trillion.

Bitcoin bounces back above $22,000

Bitcoin (BTC) fell sharply last week, but the price is now back above $22,000, the same price it was before the crash. Bitcoin consolidated around $22,300 last night, but seems to be struggling to hold on to that at the moment. At the time of writing, BTC is priced at $22,020, up 7.9% today.

Ethereum has yet to reclaim $1,600

Ethereum (ETH), once again closely correlated with Bitcoin, is also up 7.9% today. Ether price briefly rose above $1,600 last night, but is now losing steam and falling to $1,578.

USDC Nearly Recovers Pegging

Usually we ignore stablecoins from this overview, but Circle’s USD stablecoin USDC took a big hit over the weekend. This morning, USDC hit the $1 price again. However, the USDC price is currently back down to $0.99, but is still up 4%.

XRP lags due to SVB exposure

Ripple (XRP) is lagging significantly today. This may have something to do with reaching out to Silicon Valley Bank. XRP did rise slightly last night, but is now back below $0.36, exactly where it was 24 hours ago.

Cardano Hardest to Climb Crypto Top 10

Then the green numbers rose rapidly again. Polygon (MATIC) rose 4% to $1.11 today. Dogecoin (DOGE) rose 4.1 percent to $0.069. Solana (SOL) rose 6.6 percent to $19.25. Binance Coin (BNB) rose 7.4 percent to $296.5.

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

Top 100 Fastest Gains in Cryptocurrencies

The top 100 is full of people who are harder to climb. Curve (CRV), sandbox (SAND), neo (NEO), rocket pool (RPL), litecoin (LTC) and apecoin (APE) are 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) have rallied nearly 12%. Frax share (FXS), aptos (APT) and dash (DASH) are up around 13%.

Filecoin is up nearly 20%

Then the numbers start increasing at a faster rate. Immutablex (IMX) is up 15%, graph (GRT) is up 17% and lido (LDO) is up nearly 18%. In fact, Filecoin (FIL) is up almost 20% today.

Synthetix up nearly 30%

Then we’re not done yet. Render (RNDR) entered the top 100 with a 20% gain. Stacks (STX) has gained 22% and Optimism (OP) has gained 24.5%. Maker (MKR) is up 27% and synthetix (SNX) is up nearly 30%.

Conflux Fastest Climber Crypto Top 100

Conflux (CFX) was once again the big gainer in today’s top 100, up 30.5% to $0.19. Despite last weekโ€™s drop, CFX prices are still up 235% compared to a month ago.

Our analysts use Bybit

The cryptocurrency market is volatile and constantly changing. Usually after each increase, there will be a decrease. Therefore, our analysts use Bybit to benefit from the price drop as well. By using Bybit, you can choose to trade derivatives and place so-called short orders when you expect prices to fall. Very conveniently you can easily create an account via this link, Bybit registers you from Crypto Insiders. With it, you support our platform and become eligible for great prizes and offers.

Disclaimer: Investing involves risk. Our analysts are not financial advisors. Always consult an advisor when making financial decisions. The information and tips presented on this site are based on our analysts’ own insights and experience.

Source of information: Compiled from CRYPTO-INSIDERS by 0x Information.The copyright belongs to the author Kevin Schijven, and shall not be reproduced without permission

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