• Skip to main content
  • Skip to primary sidebar
  • Skip to footer
TodayinCrypto.com

TodayinCrypto.com

  • Home
  • Latest News
  • YOUTUBE RECAPS
  • CONTACT US

The crypto market gained more than $50 billion in 24 hours, pushing Bitcoin above $43,000


March 22, 2022 · By Muhammad Awwal
Bitcoin (BTC), Ethereum (ETH)

Following a mediocre performance over the weekend, Bitcoin, Ethereum, and a bevy of other major cryptocurrencies have all witnessed huge rises starting on Monday.

The cryptocurrency market has recovered 4% in the last 24 hours, with Bitcoin (BTC) leading the charge after surging back above $43,000 on Tuesday morning, a 3-week high.

Approximately 42k traders were liquidated across the cryptosphere in just 24 hours as a result of the market pump, bringing the total amount liquidated to more than $162.86 million.

As of writing, the market’s price pump has ramped it up from $1.836 trillion to $1.895 trillion, a $59 billion increase in the last 24 hours. 

Since the leaked press release from US Treasury Secretary Janet L. Yellen, which details how the government intends to regulate the industry, the market has been in upbeat mood. 

Terraform Labs (TFL) announced plans to accumulate a stunning $10 billion worth of Bitcoin (BTC) to add to the project’s stablecoin reserves, has also played a key role in this pump.

Do Kwon, the creator of Terraform Labs, is confident that its stablecoin TerraUSD, which is backed by $10 billion or more in Bitcoin reserves, will “open a new monetary era under the Bitcoin standard.” Do Kwon also stated that they have begun purchasing. 

Bridgewater, the world’s largest hedge fund, also said yesterday that it is planning to invest in its first crypto fund. This is a sign that the world’s largest hedge fund is taking cryptocurrency seriously enough to invest its own money in it. 

Bitcoin’s price is $42,800 USD at the time of writing, with a 24-hour trading volume of $35.8 billion USD. In the previous 24 hours, the most popular cryptocurrency has gained 4%, giving it a market share of 42.95 percent. The total market capitalization of cryptocurrencies is at $1.895 trillion.

Primary Sidebar

LATEST NEWS

Sam “Bankman” Behind Bars: An Early Release Appeal Gone Fried

September 21, 2023

From Virtual Vanity to 8-Bit Bankruptcy: The Tale of NFTs’ Free-fall in Value

September 21, 2023

PayPal Infuses Crypto into Venmo: Meet the PYUSD Stablecoin!

September 20, 2023

FTX Salary Scandal: SBF’s Father and Mother Accused of Misappropriation

September 20, 2023

Busted! Crypto Influencer’s Not-So-Cryptic Arrest Linked to JPEX Troubles

September 19, 2023

  • Facebook
  • Instagram
  • Twitter

Newsletter

Footer

ABOUT US

TodayinCrypto is a financial media brand that strives to deliver breaking, accurate and daily news about digital assets to millions of investors in the crypto industry.

We are passionate about Bitcoin and are keen to share news about the people, companies and technological developments that are changing our world.

TODAY IN CRYPTO

  • “Binance and Zhao Call for SEC Checkmate: The Request for Lawsuit Dismissal” September 22, 2023
  • Sam “Bankman” Behind Bars: An Early Release Appeal Gone Fried September 21, 2023
  • From Virtual Vanity to 8-Bit Bankruptcy: The Tale of NFTs’ Free-fall in Value September 21, 2023

Search

Tags

Aave (AAVE) Aleph.im (ALEPH) Arweave (AR) Avalanche (AVAX) Benchmark Protocol (MARK) Binance Coin (BNB) Bitcoin (BTC) Bondly (BONDLY) Bridge Mutual (BMI) Cardano (ADA) Celsius Network (CEL) Chainlink (LINK) Decentraland (MANA) Dogecoin (DOGE) Elrond (EGLD) Enjin Coin (ENJ) Ethereum (ETH) Ethernity Chain (ERN) Fantom (FTM) FTX Token (FTT) Kusama (KSM) Litecoin (LTC) NFT OriginTrail (TRAC) PAID Network (PAID) PancakeSwap (CAKE) Polkadot (DOT) Polkastarter (POLS) Polygon (MATIC) SnowSwap Solana (SOL) SuperFarm (SUPER) Sushi (SUSHI) Terra (LUNA) Terra Classic (LUNC) The Graph (GRT) Theta Network (THETA) Tixl (TXL) Trustswap (SWAP) Uniswap (UNI) USD Coin (USDC) VeChain (VET) XRP (XRP) yearn.finance (YFI) Yield Optimization Platform & Protocol (YOP)

Copyright © 2023 · Today in Crypto · Terms & Privacy · Log in