What Happens To L1 Tokens Today? (15 Mar 2023, Wednesday)


“What happens to L1 Tokens today?” is a crypto news curator that curates high-quality and insightful Layer-1 Token news for you daily.

Here are the news for you today.

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2023-03-15 (Wednesday)

 

BITCOIN (BTC)

Current Price:  $ 24,859 (24h Changes: 1.73 % )

Current Market Cap:  $ 479,910,091,765 (24h Changes: 1.61 % )


BTC-Positive News

1. Top 5 Technical Reasons Why Bitcoin (BTC) Price Has Skyrocketed
Source:  BeInCrypto
Date:  Tue, 14 Mar 2023 11:00:00

Bulls have returned to the Bitcoin (BTC) market. Since March 10, the price of the largest cryptocurrency has risen by 35%.

2. Bitcoin (BTC) Price Witnesses Rapid Surge Crossing $26K Mark
Source:  TheNewsCrypto
Date:  Tue, 14 Mar 2023 10:20:07

The United States Consumer Price Index (CPI) data exhibited conflicting inflation indications on March 14, driving Bitcoin (BTC) over $26,000.

3. BTC Price Prediction: Bitcoin Price Breaks Above $25000 Monthly Resistance; Is $30000 Next?
Source:  Coingape
Date:  Tue, 14 Mar 2023 11:09:24

BTC Price Prediction: Amid the US Bank crisis, the crypto market is witnessed a significant inflow as investors withdraw their Funds from banks and stablecoins. As a result, the Bitcoin price is rising for four consecutive days and has breached the monthly resistance of $25000-$25200.


BTC-Neutral News

1. Bitcoin's 2023 price action driven by the desire to regain losses, according to professional trader
Source:  Cointelegraph
Date:  Tue, 14 Mar 2023 12:30:00

Crypto trader Zoran Kole joined Cointelegraph's Crypto Trading Secrets podcast for an interview for the show's seventh episode.

2. The Latest Banking Crisis Is Why I Save In Bitcoin
Source:  Bitcoin Magazine
Date:  Tue, 14 Mar 2023 15:12:16

The collapse of Silicon Valley Bank has highlighted just how fragile the legacy financial system is.

3. Bitcoin nears $26K, and Binance halts UK customer deposits and withdrawals: CNBC Crypto World
Source:  CNBC Television
Date:  Tue, 14 Mar 2023 15:24:22

CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Sid Powell, CEO and co-founder of Maple, breaks down what's next for institutions following the demise of the two main banks for the crypto industry.


BTC-Negative News

1. Bitcoin Sees Largest Inflow In 6 Months, Sign Of Profit Taking?
Source:  NewsBTC
Date:  Tue, 14 Mar 2023 11:30:22

On-chain data shows the Bitcoin exchange inflow has registered its largest value in six months, a sign that profit-taking may be going on after the price surge. Bitcoin Exchange Inflow Has Spiked To Highest In Six Months According to data from the on-chain analytics firm Santiment, a large number of coins have entered into exchanges recently.

2. A new ‘high' for Bitcoin and the crypto-market, but here's why that will change
Source:  AMBCrypto
Date:  Tue, 14 Mar 2023 12:30:04

According to a new report by digital asset investment firm CoinShares, product outflows registered the largest single weekly outflows on record last week. It found that record-breaking outflows of $255 million were removed from digital asset investment products last week, marking the fifth consecutive week of outflows.

3. Bitcoin exchange net inflow highest in 10 months
Source:  Crypto news
Date:  Tue, 14 Mar 2023 15:48:31

On-chain data shows that bitcoin (BTC) has been flowing to centralized cryptocurrency exchanges at an impressive rate amid the recent market chaos.

 

ETHEREUM (ETH)

Current Price:  $ 1,710.93 (24h Changes: 1.8 % )

Current Market Cap:  $ 206,147,992,569 (24h Changes: 1.64 % )


ETH-Positive News

1. Ethereum (ETH) Continues Rally As Whales Goes On Buying Spree, $1,700 Next?
Source:  NewsBTC
Date:  Tue, 14 Mar 2023 08:35:32

While the rest of the crypto market has been in an upward trend over the past few days, the Ethereum (ETH) spike might have just been fueled by the asset's recent whale accumulation spree.   Over the past three days, between Sunday and Tuesday, Ethereum has seen a spike in price regaining the major losses in its value last week.

2. OKX Ventures Makes Major Investment in Scroll to Boost Ethereum Scalability
Source:  BlockchainReporter
Date:  Tue, 14 Mar 2023 09:49:06

In an effort to enhance Ethereum's scalability, OKX Ventures makes a strategic investment in Scroll, an open-source platform utilizing zkRollup.

3. Can Ethereum Reach $3000?
Source:  FXEmpire
Date:  Tue, 14 Mar 2023 12:57:16

Ethereum bottomed in our $1300-1400 target zone and took off like a rocket. It can now target $3000+ as long as last week's low holds.


ETH-Neutral News

1. Ethereum Creator Vitalik Buterin Sends 200 ETH to Crypto Exchange Kraken: PeckShield
Source:  The Daily Hodl
Date:  Tue, 14 Mar 2023 11:40:53

Ethereum founder Vitalik Buterin is once again on the move, sending hundreds of Ethereum (ETH) to a major US-based digital asset exchange. Blockchain security firm Peckshield initially spotted the transfer and revealed that a wallet owned by Buterin shifted 200 ETH worth over $323,000 to a wallet of unknown origin.

2. Filecoin becomes a blockchain platform compatible with Ethereum apps
Source:  The Block
Date:  Tue, 14 Mar 2023 09:00:04

By launching its own virtual machine, Filecoin can now support smart contracts and decentralized applications.

3. Vitalik Buterin-Named Wallet Sent 500 Ether to Mint RAI, Buy USDC Amid Depegging
Source:  Coindesk
Date:  Tue, 14 Mar 2023 05:07:33

USDC depegged over the weekend to 89 cents, and a Buterin-labeled wallet may have bought the dip.


ETH-Negative News

1. Crypto Debate Continues Over Whether Ether Is Considered a Security
Source:  Coindesk
Date:  Tue, 14 Mar 2023 12:00:20

In a lawsuit filed against Seychelles-based crypto-exchange KuCoin on Thursday, New York Attorney General (NYAG) Letitia James alleged the firm violated securities laws by offering tokens, including ether (ETH), that meet the definition of a security without registering with the attorney general's office. "The Hash" panel discusses the case for ETH as a security and the potential industry repercussions.

2. Ethereum Price Hold Strong At $1,650 But Risk of Pullback Increases
Source:  NewsBTC
Date:  Tue, 14 Mar 2023 02:38:17

Ethereum price rallied over 15% and broke the $1,650 resistance against the US Dollar. ETH might correct lower and test the $1,625 support zone.

 

CARDANO (ADA)

Current Price:  $ 0.35 (24h Changes: -0.11 % )

Current Market Cap:  $ 12,104,988,184 (24h Changes: -0.26 % )


ADA-Positive News

1. Cardano Price Forecast as Founder Charles Hoskinson Takes Jab at Crypto Critics – Time to Buy ADA?
Source:  Cryptonews
Date:  Tue, 14 Mar 2023 08:05:00

Investors in the crypto market are once again aggressively bullish following the collapse of key banks in the United States. ADA, the token powering Cardano, a decentralized ecosystem is up 3.6% in 24 hours and trading at $0.3435 at the time of writing.

2. Cardano (ADA) Price Analysis: Bulls Aim Fresh Run To $0.40
Source:  LiveBitcoinNews
Date:  Tue, 14 Mar 2023 04:48:29

ADA price is showing positive signs above the $0.3200 zone against the US Dollar. The price is now trading above $0.320 and the 55 simple moving average (4-hours).

3. Cardano Pushes Out CIP-1694 Update as ADA Rallies to $0.36
Source:  Dailycoin
Date:  Tue, 14 Mar 2023 15:16:28

Cardano reveals an update to the CIP-1694 governance mechanism.


ADA-Neutral News

1. Ripple, Cardano execs double down on their criticism of U.S banking system
Source:  AMBCrypto
Date:  Tue, 14 Mar 2023 08:30:58

Ripple CEO Brad Garlinghouse took to Twitter yesterday to set the record straight regarding his blockchain company's exposure to the now-defunct Silicon Valley Bank. At the time, Garlinghouse revealed that there was “some exposure to SVB,” especially since it served as the banking partner for Ripple and held some of the firm's cash balances.


ADA-Negative News

1. Cardano Founder Charles Hoskinson Urges Caution Amid Potential US Bank Collapse
Source:  Cryptopolitan
Date:  Tue, 14 Mar 2023 00:49:58

Cardano founder Charles Hoskinson has warned the crypto community to be cautious amid rumors of a potential US bank collapse. In a recent Twitter post, Hoskinson urged crypto enthusiasts not to over-collateralize their investments as they wait for the market to recover.

 

RIPPLE (XRP)

Current Price:  $ 0.38 (24h Changes: 1.13 % )

Current Market Cap:  $ 19,184,696,519 (24h Changes: 0.95 % )


XRP-Positive News

1. Global crypto market adds 7% led by Bitcoin's 10%, Litecoin 6% surge – XRP struggles with a 2% rallye
Source:  CryptoNewsFlash
Date:  Tue, 14 Mar 2023 09:40:32

As cracks widen in the traditional banking sector, Bitcoin and crypto show strength in seizing the moment.

2. Ripple CEO Brad Garlinghouse Says Company Remains in Strong Position Despite Exposure to Collapsed Bank
Source:  The Daily Hodl
Date:  Tue, 14 Mar 2023 14:45:54

Ripple chief executive Brad Garlinghouse says his company remains financially robust despite its exposure to the now-collapsed Silicon Valley Bank (SVB). Garlinghouse says that SVB was a banking partner and held some of Ripple's cash balance.

3. Coinbase joins Ripple in suit asking the SEC to prioritize its rules and guidance related to securities
Source:  CryptoNewsFlash
Date:  Tue, 14 Mar 2023 11:11:52

Coinbase files an amicus brief in the SEC v Wahi case in support of the dismissal of the lawsuit.


XRP-Neutral News

1. Crypto Market News: Top Predictions for Bitcoin (BTC), Ethereum(ETH) & Ripple (XRP)
Source:  CoinPedia
Date:  Tue, 14 Mar 2023 04:10:27

The recent price jump enabled the star crypto, Bitcoin to surpass the key resistance levels. However, the bullish momentum appears to slowly fade out due to which the price now appears to be at a critical juncture.

2. Ripple, Cardano execs double down on their criticism of U.S banking system
Source:  AMBCrypto
Date:  Tue, 14 Mar 2023 08:30:58

Ripple CEO Brad Garlinghouse took to Twitter yesterday to set the record straight regarding his blockchain company's exposure to the now-defunct Silicon Valley Bank. At the time, Garlinghouse revealed that there was “some exposure to SVB,” especially since it served as the banking partner for Ripple and held some of the firm's cash balances.

3. XRP News: Almost 1 Billion XRP Moved Amid Ripple CEO's SVB Exposure Talks
Source:  Coingape
Date:  Tue, 14 Mar 2023 06:03:37

XRP News: Ripple's native token, XRP price hasn't moved much over the past week while the biggest digital assets like Bitcoin (BTC) and Ethereum (ETH) prices have registered a remarkable recovery. However, the crypto whales seem unaffected by the recent bank crisis and its repercussions on the crypto market.


XRP-Negative News

1. Impact of SVB's collapse on the XRP crypto? The CEO of Ripple speaks
Source:  The Cryptonomist
Date:  Tue, 14 Mar 2023 03:56:17

Ripple‘s CEO recently confirmed the exposure to SVB, Silicon Valley Bank, which collapsed on Friday 10 March. Thus, it begs the question what impact this will have on the XRP token and, more generally, on the entire crypto sector.

2. Here's How Ripple Execs Assess The US Banking System Crisis
Source:  Bitcoinist
Date:  Tue, 14 Mar 2023 04:10:32

Several Ripple executives have spoken out about the banking crisis in the United States. The company itself has been affected by the collapse of Silicon Valley Bank (SVB).

 

SOLANA (SOL)

Current Price:  $ 21.18 (24h Changes: 3.53 % )

Current Market Cap:  $ 8,121,172,093 (24h Changes: 3.24 % )


SOL-Positive News

1. Solana Beneath Crucial Resistance, Traders Should Book Profits At These Levels
Source:  NewsBTC
Date:  Tue, 14 Mar 2023 14:00:39

Over the past few days, Solana has been attempting to reverse its price action. Over the last 24 hours, the altcoin surged above 11%, bringing the price to a crucial level at press time.

2. Solana price analysis: SOL price is up again as bullish momentum extends  above $19.50 level
Source:  Cryptopolitan
Date:  Tue, 14 Mar 2023 04:30:27

The most recent Solana price analysis is going strongly bullish today. Some traces of bearish resistance have also been observed, but bulls seem successful in dodging them again and continuing their lead.

3. Solana Price Soars As A Whale Move Half Million Tokens
Source:  Coingape
Date:  Tue, 14 Mar 2023 09:39:15

Solana Price: The market is trading in green today as Bitcoin and other Altcoins are still seeing a jump today despite the collapse of three major U.S. banks last week. As of writing, Bitcoin price increased by over 17% in the last 24 hours and shoots past $26k.


SOL-Neutral News

1. Crypto news for Solana (SOL) and Monero (XMR): prices, performance and updates
Source:  The Cryptonomist
Date:  Tue, 14 Mar 2023 05:39:11

Important crypto news during these difficult days for Solana (SOL) and Monero (XMR). How are these two reacting to the delicate situation of the Silicon Valley Bank collapse?

2. Before Adding a New Crypto to Your Portfolio, Do This 1 Thing
Source:  The Motley Fool
Date:  Tue, 14 Mar 2023 08:15:00

By understanding the tokenomics of a crypto, investors can avoid investing in overly speculative coins with limited long-term prospects.

3. Crypto Prices Today: Bitcoin Soars By 8%; Polygon, Polkadot, Solana Leaps Over 3% Amid The U.S. Bank Crisis
Source:  Coingape
Date:  Tue, 14 Mar 2023 02:28:20

Crypto Prices Today: The market is trading in green today as Bitcoin and other Altcoins are still seeing a jump today despite the collapse of three major U.S. banks last week. As of writing, Bitcoin price increased by 8.54% in the last 24 hours.


SOL-Negative News

1. Binance.US delists Helium [HNT], possibly over migration to Solana
Source:  AMBCrypto
Date:  Tue, 14 Mar 2023 13:00:50

Binance.US, the United States-based unit of the cryptocurrency exchange Binance, has decided to delist Helium (HNT) as well as JasmyCoin (JASMY) tokens from its platform. The aforementioned tokens won't be accessible on Binance.US, beginning 21 March.

 

AVALANCHE (AVAX)

Current Price:  $ 17.36 (24h Changes: 5.33 % )

Current Market Cap:  $ 5,648,823,460 (24h Changes: 5.19 % )


AVAX-Positive News

1. The 3 Best Cryptos to Buy for Stability and Diversification in March
Source:  Investorplace
Date:  Tue, 14 Mar 2023 10:27:17

For investors looking for stability in the digital asset space, these are three top cryptos to buy as a way to diversify one's portfolio.

2. CFTC adds execs from Circle, Ava Labs and Fireblocks to tech advisory group
Source:  Cointelegraph
Date:  Tue, 14 Mar 2023 00:52:08

The technology advisory committee aims to assist the CFTC in “identifying and understanding the impacts and implications of technological innovation in financial services and markets.”

 

COSMOS (ATOM)

Current Price:  $ 13.32 (24h Changes: 10.97 % )

Current Market Cap:  $ 3,897,341,944 (24h Changes: 10.81 % )


ATOM-Positive News

1. ATOM, DeRace and HEX, the crypto assets on the rise
Source:  The Cryptonomist
Date:  Tue, 14 Mar 2023 04:47:57

Let's take a detailed look at news and trend of some interesting cryptocurrencies that have been featured this Monday: Cosmos, DeRace and HEX.

2. KAVA rallies hard as it becomes a top gainer on Cosmos
Source:  Crypto news
Date:  Tue, 14 Mar 2023 15:24:30

The recent market upswing has resulted in significant price rises for the KAVA token, utilized for governance purposes on the Kava network.

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quantdoge
quantdoge

Data scientist in crypto and blockchain space.


What Happens To Crypto Today?
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