March 15 Cryptocurrency Prices in India: Global Market Cap, BTC, ETH, Doge, Solana, Litecoin, Singularitynet – Winners and Losers.
The global market cap of cryptocurrencies continued its surge on Wednesday, with Ethereum rising above $1,700 for the first time in March. Other popular altcoins, including Dogecoin, Solana, Litecoin, and Ripple, also saw gains. SingularityNET emerged as the top-performing token with a 24-hour jump of nearly 35%. Bitcoin rose 1.47% to $24,842.06, and the global crypto market cap stood at $1.10 trillion with a 24-hour gain of 1.52%. Mudrex co-founder and CEO Edul Patel stated that the bullish sentiment in the market is due to mildly encouraging inflation data and the recovery of the banking sector. WazirX Vice President Rajagopal Menon said that key token prices were set to rise again following previous patterns, but the Fed’s rate hike announcement next week would be decisive for the crypto community. Experts predicted that only stringent regulations in the Crypto ecosystem and thoroughly compliant companies would have a chance to partner with large financial institutions. Despite the rise in cryptocurrency prices possibly being triggered by news of inflation, Sathvik Vishwanath, CEO, and co-founder of Unocoin, said it did not appear sustainable. The UK government’s bailout of the Silicon Valley Bank could have helped increase buying activity, according to BuyUCoin CEO Shivam Thakral, who said that if macroeconomic factors remained favorable, Bitcoin may soon test the $30,000 level. Cryptocurrency transactions are risky and unregulated, and readers are advised to seek expert advice before investing.