Today’s Cryptocurrency Prices in India on March 17: Global Market Cap, Bitcoin (BTC), Ethereum, Dogecoin (Doge), Solana, Litecoin, Conflux – Gainings and Losses Analyzed
Bitcoin has surpassed the $25,000 mark, closely followed by other altcoins such as Ethereum, Dogecoin, Ripple, Litecoin, and Solana, which all landed in the green. Conflux emerged as the biggest gainer with a 24-hour gain of 12%, while KAVA was the top loser with a 24-hour dip of nearly 10%. At the time of writing, the global crypto market cap stood at $1.11 trillion, with a 24-hour gain of 4.24%. The prices of key tokens have risen amid liquidity concerns in the market following the collapse of SVB and Silvergate banks. Crypto app downloads have increased by 15% amidst major bank stock collapses. The crypto market cap saw a significant jump of over 4%, and BTC and ETH are leading the effort. Mudrex CEO Edul Patel noted an impressive 50% rise in Bitcoin this year, but with low trading volumes, he warned that it could possibly be a bull trap fuelled by positive sentiments. Bitcoin dominance is way above 44%, indicating the pull with which it dragged the rest of the market higher. Several industry experts offer varying opinions on the current market scenario, with some encouraging investors to seek expert advice and cautioning against the high risk of cryptocurrency transactions.