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24 Hrs Crypto Update, Mar 19: Cryptocurrency market is trading on a mixed note

Key Takeaways
  • The cryptocurrency market has been displaying a bullish sentiment globally and has surpassed the $1.18 trillion mark. However, the ongoing financial crisis in the United States, particularly the turmoil in the banking industry, has led investors to seek refuge in cryptocurrency as an alternative investment option
  • In the past 24 hours, BTC, SOL, and EOS have all experienced significant value surges
24 Hrs Crypto Update

The Cryptocurrency Market is Displaying Bullish Sentiment Globally

On Sunday, the global cryptocurrency market reached a valuation of $1.18 trillion, 

marking a 1.11% increase from the previous day. It's worth noting that Bitcoin has not traded above the $28,000 mark since June 2022, which was after the collapse of the Terra blockchain. Additionally, Ethereum, the second-largest cryptocurrency by market cap, saw a 1.7% increase in value over the past day and a 24.3% increase over the past week.

Major Events Around the World

  • In 2023, the crypto space experienced its biggest attack yet with the Euler Finance exploit. This incident involved a flash loan attack that resulted in the loss of nearly $200 million in crypto assets. The hacker responsible for the attack managed to transfer the stolen funds to various crypto addresses, making it difficult to trace the source of the breach.


    Indices LTP Change (%)
    BITCOIN $27880 2.60%
    ETHEREUM $1778 0.08%


    Indices VALUE Change (%)
    MARKET CAP $1.20 T 0.10%
    TRADING VOLUME $198 B 2.90%

    Top 5 GAINER

    Indices LTP Change (%)
    ZOMBIE INU (OLD) $0.00000000028 971.12%
    DOEX $0.00021 317.02%
    RELEASE $0.0000083 196.80%
    AIDOS KUNEEN $0.65 146.99%
    ZENITH CHAIN $0.0061 57.46%

    Top 5 Loser

    Indices LTP Change (%)
    FUTURE COIN $0.010 69.54
    DYPIUS $0.12 50.49%
    OOGI $0.00000024 45.26%
    ETHO PROTOCOL $0.0079 31.77%
    EGRETIA $0.00027 28.53%

    General Bytes, a prominent Bitcoin ATM manufacturer, recently announced that a hacker had successfully installed and executed a Java application on its terminals. This application allowed the hacker to access user information and transfer funds from hot wallets. As a result of this security breach, General Bytes has taken the necessary steps to shut down its cloud services.

  • To prevent a repeat of the chaotic global sell-off that occurred in March 2020, where investors frantically sold off all assets, including bitcoin, in exchange for the U.S. dollar, a significant move has been made. On Sunday, the U.S. Federal Reserve (Fed) announced that it had collaborated with other major central banks to ensure a consistent supply of the U.S. dollar, which is a dominant reserve currency in the global financial system.

COINGABBAR Views: The recent surge in the crypto market over the past week is a reflection of a 'flight to quality.' However, despite this positive trend, liquidity remains a significant concern. So, what is driving the recent surge in Bitcoin's price? It appears that investors are seeking a safer investment option in cryptocurrencies, but the issue of liquidity persists. For more information Stay tuned with us at

Also read: Russian Crypto Industry Seeks Clarity on Proposed Criminal Liability for "Gray" Miners

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.

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