Cryptocurrency prices today: Bitcoin, Ethereum rise 8% amid SVB collapse

Bitcoin has risen 8.5% over the last 24 hours to trade at $22,468.77. It is up 0.50% from last week. The second most popular token, Ethereum, is up 8.03% from yesterday and is trading at $1,605.89. From last week, it is up 3.08%. The market capitalization of Bitcoin and Ethereum stands at $434.01 billion and $196.52 billion, respectively.

BNB is trading at $301.87, up 7.44% from yesterday and 5.62% up from last week. The current price of XRP is $0.33, up 0.66% in the last 24 hours. It is 1.70% higher than last week. Cardano and Dogecoin are trading at $0.33 (up 9.94%) and $0.077 (up 5.42%), respectively.

Solana, Polka Dot, Shiba Inu, and Polygon are currently trading at $20.898 (up 9.99%), $5.9900 (up 12.80%), $0.000011 (down 0.10%), and $1.14 (up 6.82%), respectively. Looking at the weekly chart, Solana has gained 0.09% while Polka Dot is down 9.53%. In the past week, Shiba Inu's value has decreased by 8.44%, whereas Polygon is 1.87% up.

The top five gainers based on the 24 hour movement are Conflux, Synthetix, Maker, Stacks, and Optimism. They are trading at $0.11 (up 30.49%), $2.89 (up 29.69%), $912.63 (up 26.87%), $0.77 (up 26.41%), and $2.39 (up 24.01%), respectively.

A stablecoin is a cryptocurrency that has very low volatility. Its value is correlated to a real-world asset such as fiat currency or gold. Talking about some of the popular tokens, Tether, USD Coin, and Binance USD are trading at $1.01 (down 0.78%), $0.99 (up 1.72%), and $1 (down 0.71%), respectively. Terra Classic is listed at $0.00011 (up 6.80%).

The biggest losers of the day are Bone ShibaSwap, Tether, Binance USD, and TrueUSD. They are trading at $1.54 (down 0.96%), $1.01 (down 0.79%), $1 (down 0.70%), and $1 (down 0.46%), respectively.

DeFi or decentralized finance refers to global, peer-to-peer financial services on public blockchains. Dai, Avalanche, Uniswap, Wrapped Bitcoin, and Chainlink are some of the popular DeFi tokens. They are currently trading at $0.99 (up 1.64%), $16.15 (up 10.49%), $6.05 (up 9.28%), $22,448.08 (up 8.13%), and $6.65 (up 6.42%), respectively.

Non-fungible tokens or NFTs are cryptocurrencies that cannot be exchanged for one another like other tokens due to their lack of fungibility. Among the popular NFT tokens are ApeCoin, Internet Computer, Decentraland, Stacks, and Theta Network. They are currently trading at $4.48 (up 14.86%), $5.32 (up 11.06%), $0.55 (up 8.94%), $0.77 (up 26.39%), and $1 (up 8.93%), respectively.

The current global crypto market cap is $1.01 trillion, a 6.5% increase over the last day. The total crypto market volume over the last 24 hours is $64.58 billion, which marks a 29.11% increase. Last month, the global crypto market cap was $1.01 trillion, compared to $851.49 billion three months ago.