Major coins traded in the green on Monday night after US regulators stepped in to secure deposits Silicon Valley Bank SIVB And signature bank SBNYraising hopes that the near-catastrophic banking crisis could encourage the Federal Reserve to adopt a more dovish monetary stance.
| cryptocurrency | Profits (+/-) | Price (9:30pm EST) |
|---|---|---|
| Bitcoin | +8% | $24,378 |
| ether | +3.66% | $1,679 |
| Dogecoins | +1.43% | $0.072 |
What happened: Apex cryptocurrency Bitcoin BTC/USD surged above $24,000 for the first time in over two weeks. ether ETH/USD up about 3.60% and changed hands above $1,600. Dogecoins DOGE/USD was trading at $0.072, up 1.43% in the last 24 hours.
At the time of writing, the global crypto market cap was $1.08 trillion, up 4.65% from the last day.
| cryptocurrency | Profits (+/-) | Price (9:30pm EST) |
|---|---|---|
| confluence | +35% | $0.26 |
| rocket pool | +13.11% | $42.60 |
| OKB | +10.55% | $47.39 |
U.S. stocks ended lower on Monday as the S&P 500 and Nasdaq Composite fell 0.15% and 0.45%, respectively. Despite the losses, some investors remained hopeful that the financial shock could prompt the Federal Reserve to delay rate hikes, which would help stem losses.
Crypto related stock Marathon Digital Holding MARA jumped 25% Monday after announcing it still has access to $142 million at Signature Bank.
Investors will be watching Tuesday’s release of the February CPI closely as they decide where to place their bets.
See more: Best Crypto Day Trading Strategies
News Highlights: Monday’s explosive Bitcoin rally caught traders anticipating a bearish market off guard, resulting in over $81 million in liquidation Value of short positions in cryptocurrency.
Binance announced this on Sunday its intention to convert $1 billion
[ad_2]
Source story
