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24 Hrs Crypto Update, Mar 24:Crypto market is experiencing significant

Key Takeaways
  • Cryptocurrency remains a hot topic in the news as more investors and businesses acknowledge the potential of digital assets. In recent weeks, the crypto market has seen a surge of interest in popular platforms such as Cardano (ADA) and Polygon (MATIC) as they prepare for a potential banking crisis
  • Over the last 24 hours, prominent cryptocurrencies including BTC, ETH, BCH, and QNT have experienced a significant decline, resulting in a bearish trend in the market
24 Hrs Crypto Update


Indices LTP Change (%)
BITCOIN $27480 2.85%
ETHEREUM $1752 3.41%

                                                                                         CRYPTO STATS(24H) 

Indices VALUE Change (%)
MARKET CAP $1.2 T 2.00%

                                                                                                 Top 5 GAINER

Indices LTP Change (%)
CVNX $0.013 172.81%
FUTURE COIN $0.33 121.70%
OOGI $0.000016 115.42%
QUASH $0.0060 114.26%
FURUCOMBO $0.074 73.52%

                                                                                                  Top 5 Loser

Indices LTP Change (%)
AION $0.0015 96.53
ZOMBIE INU (OLD) $0.000000000027 90.46%
WABI $0.0025 72.48%
RECAST1 $0.0000013 67.16%
PORTIFY $0.000038 60.85%

On Friday, the value of cryptocurrencies plummeted 

as investors struggled to come to terms with a new threat to the global financial system.

 This added to the already existing concerns about the US monetary policy. The sudden drop in crypto values has sent shockwaves throughout the financial world, leaving many investors feeling uncertain about the future of their investments.

Major Events Around the World

  • Binance, the largest cryptocurrency exchange in the world, experienced a temporary suspension of trading on its spot markets for two hours on Friday. This was due to a computer bug that was related to the trailing stop loss feature. The exchange announced the suspension at 11:38 UTC and it lasted for approximately one hour.

  • The US Securities and Exchange Commission (SEC) has recently charged eight high-profile celebrities for promoting cryptocurrencies without disclosing their financial incentives. Among the accused are actress Lindsay Lohan, social media personality Jake Paul, and recording artists Soulja Boy, Lil Yachty, Ne-Yo, Akon, and Austin Mahone. Additionally, adult film actress Kendra Lust has also been cited for her involvement in the promotion of these digital assets.

  • On Thursday, the interior minister of Montenegro announced that Do Kwon, the founder of Terraform Labs, has been arrested by the police. Kwon is wanted in both the United States and South Korea for his involvement in the $40 billion crash of the company's cryptocurrency. This crash had a devastating impact on retail investors globally.

COINGABBAR Views: Last week, we witnessed a roller coaster ride in the prices of BTC and ETH after a sudden spike. BTC is currently exhibiting a Bullish Megaphone Pattern, as well as an Inverse Head and Shoulder pattern. The question on everyone's mind is whether BTC will breach the $30,000 mark or sustain below $25,000. To stay updated on the latest developments, stay tuned with us at

Also read: OpenAI's ChatGPT-4 Introduces a New Plugin Feature for Enhanced Capabilities

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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