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Crypto Market Continues to Rise Despite US Bank Crash

by Editor
Crypto Market Continues to Rise Despite US Bank Crash

Bitcoin Breaks $24,000 Mark
They say nothing is impossible in the crypto market and according to Bitcoin’s (BTC) latest price action, that saying might not be false as the top crypto has just climbed above $24,000 despite the ongoing US bank crash saga.

Over the past 24 hours, Bitcoin prices have soared in a rebound after recording a major plummet last week following the Silvergate fallout. At the time of writing, BTC currently trades above $24,000 with a trading price of $24,331.

Altcoins Also Showing Gains
Meanwhile, Bitcoin hasn’t been the only crypto in the market showing no exposure to the US bank crash. Other altcoins including Ethereum (ETH), Binance Coin (BNB), Cardano (ADA), and Polygon (MATIC) have also recorded double-digit gains over the past 24 hours with ADA emerging as the highest gainer by 15.6% after Bitcoin’s gain of 17%. Following behind with double-digit gains are ETH and BNB. Over the past 24 hours, ETH and BNB have also recorded significant surges with both assets up by 16.5% and 14.4% respectively.

At the time of writing ETH currently trades at $1,689 looking to soon cross over the $1,700 mark. BNB on the other hand already crossed above the $300 mark and currently trades at $313.

Ripple is the Lowest Gainer Among Largest Crypto
Notably, among the largest crypto by market cap, Ripple (XRP) is the lowest gainer up by only 7.2% in the last 24 hours with a trading price of $0.38.

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