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24 Hrs Crypto Update, Mar 17: Is the Bottom in for Cryptocurrency?

Key Takeaways

  • The cryptocurrency market has successfully overcome the challenges it faced in the past two days and has surged higher in trading on Friday. Digital assets have gained renewed favour with investors who are seeking an escape from the rapidly deteriorating global banking system
  • Over the last 24 hours, BTC, ETH, BNB, and BCH have all witnessed substantial increases in their values
18 Mar 2023 By : COIN GABBAR
24 Hrs Crypto Update


Indices LTP Change (%)
BITCOIN $27372 8.03%
ETHEREUM $1818 8.18%


Indices VALUE Change (%)
MARKET CAP $1.22 T 5.60%
TRADING VOLUME $179 B 67.04%


Indices LTP Change (%)
DOEX $0.00021 628.30%
Ravendex $0.00021 307.10%
MIM $0.00000071 100.81%
AXE $0.0036 96.34%
SEBA $0.0019 72.68%

Top 5 Loser

Indices LTP Change (%)
Wabi $0.043 62.02%
Wonderland Time $11.76 59.56%
SINOVATE $0.00027 46.97%
MoonFarm Finance $0.0052 30.23%
Kanpeki $0.11 29.09%

On Friday, the cryptocurrency market experienced a surge in prices, with major players such as BTC, ETH, and other Altcoins contributing to the upward trend. This positive movement was reflected in the green trading figures, indicating a promising outlook for digital currencies.

Major Events Around the World

  • Recently, there has been a significant development in the financial world. Bill Ackman, a well-known short-seller, has hinted that Signature Bank, a bank that was previously supportive of cryptocurrencies, may be acquired by a major financial institution in the United States. In a cryptic tweet on Friday, Ackman suggested that Bank of America could potentially purchase the struggling bank. However, he did not disclose the source of his information.

  • XRP lawyer John Deaton recently extended an invitation to individuals who share his passion for legally challenging the U.S. Securities and Exchange Commission. However, he now warns of a new regulatory threat looming over the crypto market. Deaton believes that the current banking crisis could prompt regulators to intensify their calls for a crypto ban. This concern is not unique to the United States, as regulators worldwide have been increasingly vocal about their desire to ban cryptocurrencies.

  • The Governor of the Reserve Bank of India (RBI), the central bank of India, has expressed concerns about the potential risks that cryptocurrency poses to the financial system. In light of the ongoing banking crisis in the United States, the RBI Governor has emphasised the importance of maintaining a stable and secure financial system.

COINGABBAR Views: As the cryptocurrency market continues to surge, many investors are wondering if this is the end of the bear market. With Bitcoin and other altcoins experiencing significant gains, it's natural to question whether the bottom has been reached.For more information Stay tuned with us at

Also read: Why Shibarium Beta Testnet Does Not Have a Unique Blockchain ID? 5 Million+ Bone Unstaked

Disclaimer: Crypto is not regulated and can offer considerable risks. There may be no regulatory remedies available in the event of any losses resulting from price analysis. As a result, before engaging in any transactions involving crypto products, each investor must perform in-depth examination or seek independent advice.