Crypto Price Today Live: Bitcoin above $22k; crypto market cap crosses $1 trillion

economictimes.indiatimes.com:

cryptocurrency markets were trading higher in Monday's trade following a report of the US government's plans to safeguard all depositors at Silicon Valley Bank, Meanwhile, the global cryptocurrency market cap was trading higher around $1.02 trillion, rising 7.63% in the last 24 hours. Bitcoin (BTC) rose 9.24% to $22,462 whereas Ethereum (ETH) was above the $1,600 level. BTC volume stood at approximately $34.89 billion, rising 39.84% in the last 24 hours. «The crypto market cap is back above the $1 trillion mark and BTC has surged by over 8% in the last 24 hours and is trading above the $22,300 mark. The positive mood of the market is mainly due to the federal regulators hinting towards recovering Silicon Valley Bank’s customer deposits. The news has uplifted the investor sentiment with a promise of more liquidity in the market,» Shivam Thakral, CEO of BuyUcoin, said.

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Other top crypto tokens were also trading higher. Tron jumped by over 15%. Cardano, Litecoin, Shiba Inu, Solana and Dogecoin were also trading with gains. The total volume in DeFi is currently 6.95 billion, 9.10% of the total crypto market 24-hour volume. The volume of all stablecoins is now $77.73 billion, which is 101.82% of the total crypto market 24-hour volume. The market cap of Bitcoin, the world's largest cryptocurrency, was around $433.23 billion. Bitcoin’s dominance is currently 42.24%, an increase of 0.46% over the day, according