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BTC and Altcoins Saw Huge Price Increases After a Dramatic Week

Published 03/13/2023, 09:00 PM
Updated 03/13/2023, 09:15 PM
© Reuters. BTC and Altcoins Saw Huge Price Increases After a Dramatic Week

  • The global crypto market cap is up by more than 8%.

  • BTC experienced a 9.30% increase in price over the last day.

  • Altcoins like ADA, MATIC, DOT, and LTC are all currently up by more than 8%.

After the crash of two major crypto banks wreaked havoc in the crypto market last week, it seems like some of the top cryptocurrencies are showing some signs of recovery heading into the new week. CoinMarketCap indicates that the global crypto market cap is up by more than 8% to now stand at about $1.03 trillion.

Bitcoin / Tether US 1D (Source: TradingView)

At the moment, all eyes are on the crypto market leader, Bitcoin (BTC) after it experienced a 9.30% increase in price over the last day. BTC now trades at about $22,462.26. This has also impacted BTC’s weekly performance as the crypto is now up by 0.30% over the last week despite the drama in the market over the past few days.

Ethereum / Tether US 1D (Source: TradingView)

There are some altcoins that are also making a splash like Ethereum (ETH), Cardano (ADA), Polygon (MATIC), Polkadot (DOT), and Litecoin (LTC). ETH is currently boasting a 10.07% price increase over the last day, and is now trading hands at $1,617.53.

ADA and MATIC are also both in the green for today after respective 11.90% and 8.51% price increases over the last 24 hours. Both of these altcoins are also now up by more than 1% over the last seven days.

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DOT/Tether US 1D (Source: TradingView)

DOT is another crypto that experienced a price climb of more than 8%, and the crypto is now worth about $5.93. Its 24-hour trading volume stands at $324,886,914 after a more than 35% increase since yesterday.

Litecoin/Tether US 1D (Source: TradingView)

Also turning heads is LTC with its more than 13% increase in price over the last 24 hours. The altcoin is, however, still down by more than 11% over the last week. LTC is currently trading hands at $78.37.

Disclaimer: The views and opinions, as well as all the information shared in this price analysis, are published in good faith. Readers must do their own research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

The post BTC and Altcoins Saw Huge Price Increases After a Dramatic Week appeared first on Coin Edition.

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