Cryptocurrency Price Today: Conflux surpasses $25,000 as Bitcoin climbs above that mark

Brief summary of the cryptocurrency market on March 17: The value of all cryptocurrencies increased to $1.11 trillion.

The eldest and most valuable cryptocurrency in the world, Bitcoin (BTC), was able to surpass the $25,000 threshold early on Friday morning. The majority of other well-known cryptocurrencies, such as Ethereum (ETH), Dogecoin (DOGE)
, Ripple (XRP), Litecoin (LTC), and Solana (SOL), managed to finish in the green. With a 24-hour gain of more than 12%, the Conflux (CFX) coin emerged as the top gainer of the group. KAVA, on the other hand, emerged as the biggest loss after falling by almost 10% over the course of a day.

At the moment of writing, the market capitalization of all cryptocurrencies was $1.11 trillion, up 4.24 percent over the previous day.

Bitcoin price today
According to CoinMarketCap, the price of one bitcoin was $25,773.81, up 5.90 percent over the previous day. The price of Bitcoin was Rs 22 lakhs, according to Indian platform WazirX.

Ethereum price today
At the time of writing, the price of ETH was $1,706.99, up 3.49 percent over the previous 24 hours. According to WazirX, the price of ethereum in India was Rs 1.47 lakhs.

Dogecoin price today
Currently trading at $0.07323, DOGE saw a 24-hour increase of 4.41 percent, according to statistics from CoinMarketCap. WazirX reports that the Dogecoin price in India was Rs 6.39.

Litecoin price today
Litecoin gained 4.03 percent over the course of a day. Its price at the moment of writing was $80.92. The cost of LTC was Rs 6,916.58 in India.

Ripple price today
The price of XRP was $0.3685, up 1.37 percent over the previous day. The price of ripple was Rs 31.75, according to WazirX.

Solana price today
Solana’s price was $19.95, up 3.25 percent over the previous day. According to WazirX, the cost of SOL in India was Rs 1,940.

Bitcoin increases by more than 9% as the US takes action to safeguard bank deposits linked to cryptocurrencies

As U.S. banking regulators took control of Silicon Valley Bank and Signature Bank, two institutions with ties to the cryptocurrency industry, and guaranteed deposits at the institutions as well as additional backstops for the banking sector, Bitcoin and Ether led a significant price recovery in the top 10 non-stablecoin cryptocurrencies in morning trading in Asia. The actions came after Silvergate Capital’s collapse last week, which increased the risk of a systemic bank run. Gains were headed by Solana. Quick Facts According to CoinMarketCap statistics, Bitcoin increased 9.60% in the last day to US$22,601 at 9:00 a.m. in Hong Kong. Bitcoin increased 9.77% to $1,621 USD. Solana led the gainers with a 12.85% increase to US$20.38, but it still has a ways to go as it has lost 2.93% over the past seven days. According to Circle, the company that issuing USD Coin (USDC), the second-largest stablecoin by market capitalization, traded back in line with its U.S. dollar peg on Monday morning in Asia after temporarily losing it due to Silicon Valley Bank’s failure, where it had about US$3 billion in deposits. On Saturday, USDC dropped to US$0.8774 and its market cap declined 15% to US$36 billion from US$43 billion. The same day, Circle announced that it had the resources to support USDC and that it would continue to be redeemable 1:1 for US dollars. The most current USDC price was $0.9941. All Circle deposits will be accessible on Monday when institutions open, according to Circle CEO Jeremy Allaire. In the last day, the overall market value of cryptocurrencies increased by 6.47% to US$1.01 trillion. Over the previous 24 hours, the total trading amount decreased 34.52% to US$60.19 billion. U.S. stocks fell on Friday. The S&P 500 declined 1.45%, the Nasdaq Composite Index was down 1.76%, and the Dow Jones Industrial Average decreased by 1.07%. Following the loss of Silicon Valley Bank, the largest U.S. bank failure since 2008, which was taken over by the FDIC on Friday, the stock market fell. On Monday morning in Asia, however, U.S. stock futures were trading higher, indicating the steps taken to support the U.S. banking sector. Investors had to deal with the Labor Department’s Friday job report, which revealed that February nonfarm payrolls came in at 311,000, exceeding the projected 225,000. This was despite the banking concerns. This supports the theory that, in order to reduce inflation, the Federal Reserve may increase interest rates more than initially anticipated. However, analysts at the CME Group forecast a 17.4% possibility of a 50 basis point hike this month, a sharp decline from 60.9% last Friday as banking failures are currently the focus of attention and concern. This reflects the belief that, in the midst of a string of bank failures, the Fed is unlikely to increase rates by that much. The CME predicts an 82.6% likelihood that the Fed will increase interest rates by the anticipated 25 basis points this month, but other commentators claim that the Fed may delay any rise until next month due to concerns in the banking sector. The Federal Reserve will decide on interest rates at its meeting on March 22. Rates are presently between 4.5% and 4.75%, which is the highest level since October 2007. According to Labor Department statistics released on February 14, the United States’ annual inflation rate for the year ended January 2023 was 6.4%, significantly higher than the Federal Reserve’s long-term target of keeping inflation within a 2% band. At 8:30 a.m. Eastern Standard Time on March 14, there will be another report on inflation.

Crypto Price Today: Ethereum plunges over 7%, Bitcoin drops below $21,000, and other coins are down

The price of cryptocurrencies fell on Friday, adding to prior session losses. The market capitalization of all cryptocurrencies was $935.2 billion, with a turnover of $63.7 billion over the previous day. “Investors and traders may have sold off their assets out of dread of rising interest rates. Additionally, the upcoming publication of U.S. jobs statistics today may have further fueled bearish market sentiment.”

Bitcoin
The biggest and most well-known virtual money in the world, Bitcoin, fell 7.7% while trading below the $21,000 level. The token’s price at the most recent tally was $20,090.8. At the time, it had a $387.6 billion market worth. The value of the transaction was $34.2 billion.

“The price of Bitcoin dropped to $20,000 for the first time since mid-January. BTC’s price has dropped by 7% over the past day. The news of the closure of the cryptocurrency bank Silvergate served as the catalyst for this decline.”

Ethereum
Ethererum, also known as Ether, the second-largest virtual money, dropped 7.4% to $1,427.4 and a market cap of $174.7 billion. In the previous day, Ethereum trades were worth $10.3 billion.

“Ethereum has similarly declined by 7% and is currently selling at $1,400 in line with BTC.”

Dogecoin
The virtual currency Dogecoin, which is founded on memes, decreased by 8.5% to $0.1. It had a market valuation of nearly $8.7 billion. There were $7.5 billion worth of transactions.

Solana
Solana share price dropped 7% to $17.3 and now has a $6.6 billion market value. In the past 24 hours, Solana saw trades worth $804.7 million.

Shiba Inu
Shiba Inu market capitalization decreased by roughly $5.5 billion, or 8.3 percent. In the previous 24 hours, there were $417.9 million in trades.

Polygon
Polygon, with a $8.7 billion market capitalization, dropped 5.1 percent to $0.1. $558 million worth of transactions were made over the past 24 hours.

Cryptocurrency Price Today: When it comes to price charts on Holi, Bitcoin falls short of expectations

Red appears to be the most prevalent colour on cryptocurrency price charts as India commemorates Holi on Wednesday, as top coins struggle in the ongoing market downturn. The most valuable and longest cryptocurrency in the world, Bitcoin (BTC), held steady around $22,000. Other well-known altcoins, such as Ethereum (ETH), Dogecoin (DOGE)
, Ripple (XRP), and Solana (SOL), experienced a blend of reds and greens. The Bone ShibaSwap (BONE)
token, with a 24-hour increase of more than 11%, turned out to be the largest gainer of the group.

At the moment of writing, the market capitalization of all cryptocurrencies was $1.02 trillion, down 1.14 percent over the previous 24 hours.

Bitcoin price today
Bitcoin price stood at $22,181.51, recording a 24-hour dip of 1.32 percent, as per CoinMarketCap. The price of Bitcoin was Rs 19.25 lakhs, according to Indian platform WazirX.

Ethereum price today
At the time of writing, the price of ETH was $1,562.83, representing a decline of 0.80% over the previous 24 hours. According to WazirX, the price of ethereum in India was Rs. 1.37 crores.

Dogecoin price today
According to data from CoinMarketCap, the 24-hour price of DOGE, which is currently trading at $0.0738, fell by 2.30 percent. Dogecoin’s worth in India was Rs 6.50, according to WazirX.

Litecoin price today
Over the past 24 hours, Litecoin fell 2.27 percent. Its price at the moment of writing was $85.82. The cost of LTC in India was Rs 7,500.69.

Ripple price today
The price of XRP was $0.3795, up 2.76 percent over the previous day. The price of ripple was Rs 32.71, according to WazirX.

Solana price today
Solana’s price was $20.02, down 3.69 percent over the previous 24 hours. The SOL price in India, according to WazirX, was Rs 1,844.11.

Cryptocurrency Prices And News: Cryptocurrency Retrenchments, Money Laundering Probe on Binance

The top cryptocurrency exchange Binance is being investigated by a group of American senators for a variety of claimed illegal activities, including money laundering and evading American regulators, which led to a decline in cryptocurrency prices on Friday. Following the report, bitcoin and ethereum both decreased by more than 4% overnight.

Cryptocurrency Price Action

Following the Binance announcement, bitcoin fell to $22,000 overnight before rising to $22,400 by midday on Friday. Prior to the late-night statement on Thursday, it traded for about $23,400. Bitcoin hit a peak of $25,000 on February 21 and has since dropped to under $24,000, surpassing its previous high from August to trade at its best level since June 13. In the wake of the FTX collapse in early November, the biggest cryptocurrency in the world has increased by about 35% so far this year.

After falling below $1,550 overnight, the price of ethereum rose back to $1,572 on Friday. Thursday morning saw a record price for ethereum of $1,677. The second-place cryptocurrency has increased by 31% so far this year.

Bitcoin Price $22381.70

Ethereum Price $1570.78

Tether Price $1.00

BNB Price $290.64

XRP Price $0.38

Cardano Price $0.34

Crypto: Bitcoin Bull Run ‘Interesting’ As BTC Price Hits 6-Week High

Bitcoin (BTC) hit a quick six-week high by July 29 as the fallout from the latest macro development boosted risk assets.

BTC/USD 1 Hour Candlestick Chart (Bitstamp). Source: TradingView
A monthly closing could seal 20% profits
Data from Cointelegraph Markets Pro and TradingView captured local highs of $24,445 for BTC/USD on Bitstamp, the best since the week beginning June 13.

After consolidating around $23,000, bulls got a second wind to push the market higher on the back of the latest US Federal Reserve rate hike and GDP data confirming the US is now in recession.

Risk assets outperformed overall, with bitcoin and altcoins joining gold to give traders and analysts reason for a positive outlook.

Gold #GOLD $GLD $GC_F held the bottom of the 23-month rectangle (yellow), which will serve as a handle for the massive C&H. The bull market has begun. Prices are heading north. The goal aimed for $3,000 over the next few years.

“This is getting interesting,” chain monitor Material Indicators tweeted in an update to its short and long signal thread for the June 28 BTC/USD daily chart. He observed the potential for Bitcoin to reach a higher high (HH). next:

“All trend spotting signals are printed on the Long D chart, plus the 21-DMA and 50-DMA unwinds. If BTC can form a HH, there will be a small friction to the next HH and then the macro channel will go into the YES range, it is still a bear market rally.”

Material Indicators added that $25,000 would also be a key price level to watch if the higher high at $24,300 holds for the day’s close.

“If this rally can get past $25,000 then $28,000 will take center stage very quickly,” read part of another post.

“The parabolic downtrend from ATH has been broken,” Blockware Chief Analyst William Clemente, meanwhile, summed up in a skewed alternative view of BTC’s current price performance in 2022.

From the same point last week, BTC/USD is up a modest 4% at the time of writing. With two days left until July’s weekly close, the pair was on track to close out monthly gains of over 20%, data from Coinglass confirmed.

BTC/USD monthly returns chart (screenshot). Source: Coinglass
Key support ETH eyes regained above $1,700
Altcoins were similarly rosy on the day as Ether (ETH) breached $1,700 to challenge the highs of the week dating back to June 6.

Related: 3 Bitcoin Trading Behaviors Suggest BTC’s Return to $24,000 Is a ‘Fakeout’

Does it scare you or get you very, very excited? #ETH

While Material Indicators toyed with the idea of another retracement and a lower low well below $1,000, others acknowledged the strength of short-term price action across altcoins.

“$ETH, like many altcoins, successfully retested old resistances to new supports and has rebounded strongly since then,” commented popular trader and analyst Rekt Capital.

Strong rebound from $ETH after successful retest

ETH is slowly approaching the next immediate resistance (upper orange box)

ETH would need to regain the bottom of this box as support if it is to move higher #ETH #Crypto #Ethereum

Additional analysis called for ETH/USD to reclaim the support zone starting around $1,730 for a continuation.

The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Cointelegraph.com. Every investment and trading step involves risk, you should do your own research when making a decision.

Cryptocurrencies: Gig workers are still looking for cryptocurrencies despite the bear market

A new survey by digital asset management company Bakkt has revealed that 50% of gig workers are comfortable with receiving part of their pay in cryptocurrency, while 38% said they might consider earning their entire paycheck in digital assets.

Bakkt Chief Product Officer Nicolas Cabrera commented on the survey results, which clearly showed that cryptocurrencies are attractive among gig workers, saying:

“While this group could benefit from a better understanding of how cryptocurrencies can be used, ride-hailing drivers, food delivery drivers and other gig workers are citing crypto as the next generation of currency and are attracted by the potential increase in the value of their pay.”

The study asked 1,018 gig workers from across the US during June and July 2022. The aim of these questions was to reveal the acceptance of cryptocurrencies, the sentiments and opinions of the participants towards payments through cryptocurrencies.

Cryptocurrency Preferences
Among the 50% who said they would be willing to take part of their salary in cryptocurrency, freelancers (writers, developers, designers, etc.) have the highest willingness rate at 62%. Passengers (52%) and grocery shoppers (55%) follow.

Participants gave different answers to the question about the part of the salary paid in cryptocurrencies. 31% of gig workers said they would prefer 20% or less of their paycheck to be paid in cryptocurrency. 34% said they would be comfortable with 20-40%, while 21% said they would prefer to receive 40-60% of their income in cryptocurrencies.

Crypto appeal
The survey also explored why participants preferred crypto payments. Almost half of participants (49%) said the potential increase in salary value is the most compelling reason to get paid in cryptocurrency, despite the current bear market.

Another 26% said they preferred crypto payments because they were issued instantly. On the other hand, almost one in ten (11%) said they see cryptocurrencies as a long-term investment plan for retirement.

According to the numbers, more than half of gig workers said their income was sufficient to meet their living needs, as opposed to a “nice to have” income. Given how they perceive their gig work, their willingness to be paid in cryptocurrency indicates a significant level of acceptance among gig workers.

Crypto barriers
The most significant barrier against crypto payments appeared in education, at 48%. Only 33% of participants rated their knowledge of cryptocurrencies as above average or very high, while almost a quarter (26%) said they were more familiar with traditional investment tools.

Another significantly highly rated barrier emerged with 34% of participants reporting that they still had to pay bills in USD. Another 33% said cryptocurrencies are too volatile and they don’t want to risk having their payout cut.

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Cryptocurrencies: – Crypto Exchange Zipmex files for bankruptcy protection in Singapore

Zipmex, a cryptocurrency exchange focused on Southeast Asia, has filed for bankruptcy protection in Singapore to protect itself from legal threats from creditors.

Take advantage of London’s biggest financial event. This year we expanded into new verticals in online trading, fintech, digital assets, blockchain and payments.
The exchange filed for bankruptcy protection in a Singapore court on July 22, just days after it suspended withdrawals from its platforms.

“This helps protect Zipmex from third party actions, claims and proceedings while it is active and allows the team to focus all of our efforts on resolving the liquidity situation without having to worry about defending potential claims or adverse actions while we do so. ” said the crypto exchange.

The exchange’s attorneys filed five requests for relief from the moratorium, each for a different Zipmex entity. While two entities are registered in Singapore, the rest are from Australia, Indonesia and Thailand.

Read on

The filing automatically granted the exchange a 30-day moratorium period or until the application is decided by a Singapore court.

“It is important to note that the moratorium is not the liquidation of any company,” the exchange added.

Another collapsing crypto exchange?
Zipmex is the latest worrisome cryptocurrency platform after Celsius, Voyager Digital and Three Arrows Capital. Another troubled crypto startup, Vauld, has filed for protection from its Singapore creditors.

In suspending withdrawals, Zipmex cited a combination of circumstances, including market volatility and the financial difficulties of its trading partners. Now, the exchange’s troubles appear to be murkier.

Coinbase was previously interested in acquiring Zipmex, but the American exchange ended up investing only in the Southeast Asian counterpart. The investment came as part of the crypto exchange’s Series B+ funding round, which valued it at $400 million.

Among all the markets it operates in, Zipmex’s user base is concentrated in Thailand. Thailand’s Securities and Exchange Commission (SEC) is also working with law enforcement to assess customer losses after Zipmex suspended withdrawals.

Zipmex, a cryptocurrency exchange focused on Southeast Asia, has filed for bankruptcy protection in Singapore to protect itself from legal threats from creditors.

The exchange filed for bankruptcy protection in a Singapore court on July 22, just days after it suspended withdrawals from its platforms.

Take advantage of London’s biggest financial event. This year we expanded into new verticals in online trading, fintech, digital assets, blockchain and payments.
“This helps protect Zipmex from third party actions, claims and proceedings while it is active and allows the team to focus all of our efforts on resolving the liquidity situation without having to worry about defending potential claims or adverse actions while we do so. ” said the crypto exchange.

The exchange’s attorneys filed five requests for relief from the moratorium, each for a different Zipmex entity. While two entities are registered in Singapore, the rest are from Australia, Indonesia and Thailand.

Read on

The filing automatically granted the exchange a 30-day moratorium period or until the application is decided by a Singapore court.

“It is important to note that the moratorium is not the liquidation of any company,” the exchange added.

Another collapsing crypto exchange?
Zipmex is the latest worrisome cryptocurrency platform after Celsius, Voyager Digital and Three Arrows Capital. Another troubled crypto startup, Vauld, has filed for protection from its Singapore creditors.

In suspending withdrawals, Zipmex cited a combination of circumstances, including market volatility and the financial difficulties of its trading partners. Now, the exchange’s troubles appear to be murkier.

Coinbase was previously interested in acquiring Zipmex, but the American exchange ended up investing only in the Southeast Asian counterpart. The investment came as part of the crypto exchange’s Series B+ funding round, which valued it at $400 million.

Among all the markets it operates in, Zipmex’s user base is concentrated in Thailand. Thailand’s Securities and Exchange Commission (SEC) is also working with law enforcement to assess customer losses after Zipmex suspended withdrawals.

Factbox: The cryptocurrency crash hit these companies the hardest

Cryptocurrencies have been hit hard by fears that interest rate hikes will end the era of cheap money, with the world’s biggest digital asset, bitcoin, down more than 56% from this year’s high. Several crypto companies have filed for bankruptcy or been forced to seek emergency capital infusions.

Singaporean crypto hedge fund Three Arrows Capital (3AC) filed for Chapter 15 bankruptcy on July 1. Once a formidable player in the digital asset space, 3AC’s downfall appeared to stem from the firm’s bet on the Terra ecosystem, which was behind it. terraUSD stablecoin failed. The token lost almost all of its value in May, draining nearly half a trillion dollars from the crypto market.

The highly leveraged 3AC was unable to meet calls for additional payment from the counterparties it borrowed from. As a result, crypto lenders BlockFi and Genesis Trading liquidated their positions in the firm. According to court filings, 3AC’s creditors say they are owed more than $2.8 billion.

CELSIUS NETWORK New Jersey-based crypto lender Celsius suspended withdrawals on June 12 and filed for Chapter 11 bankruptcy a month later, listing a $1.19 billion deficit on its balance sheet. It was valued at $3.25 billion in an October funding round. Celsius encountered complex investments in the wholesale digital asset market.

The company lured retail investors by promising annual returns of up to 18.6%, but struggled to meet redemptions as cryptocurrency prices fell. In its first bankruptcy filing, lawyers for Celsius said bitcoin mining could provide the company with a way to repay customers. Meanwhile, several state regulators are investigating Celsius’ decision to suspend customer selection, Reuters reported.

Crypto lender Voyager Digital, also based in New Jersey, has been a rising crypto star, reaching a market capitalization of $3.74 billion last year. But the collapse of 3AC dealt a major blow to Voyager, which was heavily exposed to the hedge fund. Voyager filed claims of more than $650 million against 3AC.

Voyager filed for Chapter 11 bankruptcy on July 6 and announced that it has $110 million in cash and crypto assets. Since then, the US Federal Deposit Insurance Corp has confirmed that it is investigating Voyager’s marketing of deposit accounts for cryptocurrency purchases that the company advertised as FDIC insured.

Crypto exchange FTX and Alameda Research, both founded by billionaire Sam Bankman-Fried, offered to buy all of Voyager’s digital assets and loans, with the exception of 3AC’s loans, and allowed Voyager customers to withdraw their assets from the FTX account. Voyager, however, dismissed the offer as a “low price offer” in a court filing.

Singaporean crypto lender Vauld filed for protection from its creditors in a Singapore court on July 8 after suspending withdrawals a few days ago. The company owes its creditors $402 million, The Block reports. Vauld is backed by billionaire investor Peter Thiel’s Valar Ventures, Pantera Capital and Coinbase Ventures. In a July 11 blog post, Vauld said it is discussing a possible sale to London-based crypto lender Nexo while exploring potential restructuring options.

Faced with a surge in withdrawals and a hit from 3AC, crypto lender BlockFi signed an agreement with FTX on July 1 that provides BlockFi with a $400 million revolving credit facility and includes an option that allows FTX to buy the company for up to $240 million.

BlockFi was hit hard by the cryptocurrency crash and implemented several cost-cutting measures in June, including cutting staff by 20% and reducing executive compensation. The company was valued at $3 billion in a funding round last year.

CRYPTOCURRENCY AND GAMBLING MARKET

With the rise of cryptocurrency not likely to stop anytime soon, casinos and gambling services have jumped in and are trying to cater to this market. Everything basically works like in a normal casino, the only difference is the currency you pay. However, there are some different mechanics and games in this ever-changing market. Almost all changes and new developments in the market have been for the better. Some are skeptical because the value of currencies can fluctuate greatly.

But we explain that and much more here.

What currencies are most commonly used?

With most online gambling services, you will find that the most accepted coin would be Bitcoin, the king of cryptocurrencies. But if you look closely, there are plenty of other coins accepted, such as ETH (Etherium), DOGE (Dogecoin), XRP (Ripple), LTH (Litecoin) and DASH (Dash).

It’s basically the same thing – some coins can fluctuate in price a bit more than others. We recommend that you have some knowledge of cryptocurrencies before embarking on this journey, but the best crypto gambling sites can be found at CryptoGambe.tips, so that’s a good place to start.

Cryptocurrency Casino Bonuses

Probably one of the best parts of the whole cryptocurrency casino scene is the bonuses you get. However, with most casinos you will get some kind of deposit bonus, but with cryptocurrency they really try to give you a big bonus as a new player or even as a more advanced player. So this is really where the cryptocurrency casino shines.

Most bonuses come in the form of deposit bonuses or free spins. But you often get free credits after you sign up!

Let’s talk about transaction fees, payments and customer identity

Most online casinos offer zero transaction fees, which means unlimited free transactions per day. Most of them require no verification, ensuring the safety of players’ funds and identities. Another big thing that is overlooked in cryptogambling is payouts, payouts are processed instantly and an average crypto transfer takes about 30 minutes – 2 hours to complete, depending on the number of coins in the network.

Not going through KYC (Know Your Customer) is also a big plus as it is time consuming and could be a breach point for your privacy.