Crypto market update: BTC sits at the $38,000 mark

The biggest riser of the day is THORChain (RUNE), which is up by 9.23% to $7.02

Bitcoin logo on a physical coin                                 
Bitcoin has been trading at around £38k for several days – Photo:Alamy
                                

The price of bitcoin (BTC) ended yesterday at $37,789 after falling by 2.65% during the day, according to Currency.com. The price of the lead crypto is now $38,833.  

The trading volume of BTC increased by 50.37% over the past 24 hours. Meanwhile, five out of the top 10 cryptos are up today according to CoinMarketCap, with BTC up by 0.74%.

Ether (ETH) is up by 1.15% to $2,574, binance coin (BNB) is down by 0.30% to $367, cardano (ADA) is up by 1.18% to $0.79 and solana (SOL) is up by 0.51% to $80.

Both stablecoins in the top 10 cryptos are down today. Tether (USDT) is down by 0.01% but remains priced at $1, while USD Coin (USDC) is down by 0.02% to $0.9997.

Ripple (XRP) is down by 2.33% to $0.76, while dogecoin (DOGE) is up by 1.33% to $0.114, but has fallen out of the top 10 cryptos and is currently in 13th place.

Biggest risers

The biggest riser of the day is THORChain (RUNE), which is up by 9.23% to $7.02. According to CoinMarketCap, RUNE “is a decentralised liquidity protocol that allows users to easily exchange cryptocurrency assets”.

The second biggest riser of the day is terra (LUNA) which has risen by 7.62% to $93.59. LUNA is a “blockchain protocol that uses fiat-pegged stablecoins to power price-stable global payments systems,” says CoinMarketCap.

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The third biggest riser of the day is The Graph (GRT), which increased by 6.11% to $0.36. CoinMarketCap says GRT “is an indexing protocol for querying data for networks like Ethereum and powering many applications in both decentralised finance (DeFi) and the broader Web3 ecosystem.”

Biggest fallers

Chiliz (CHZ) is the biggest faller of the day, dropping by 6.87% to $0.193. CHZ “is the leading digital currency for sports and entertainment,” according to CoinMarketCap.

The second biggest faller of the day is fantom (FTM), having decreased by 5.15% to $1.11. According to CoinMarketCap, FTM “is a directed acyclic graph (DAG) smart contract platform providing DeFi to developers using its own bespoke consensus algorithm.”

The third biggest faller of the day is waves (WAVES), having dropped by 4.52% to $26.44. CoinMarketCap says WAVES “is a multi-purpose blockchain platform which supports various use cases including decentralised applications (dApps) and smart contracts.”

All prices correct as of 13:22 GMT on Monday 14 March.

Bitcoin to US Dollar
Daily change
23105.8
Low: 22734.5
High: 23105.8

Further reading

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