Crypto Market – March 10, 2023

Cryptocurrency prices fell after Silvergate, a bank that has been at the center of the industry’s growth, made a decision to shut down. The liquidation of Silvergate Capital (SI), a crucial U.S. banking partner, could mean for the crypto asset class’ access to dollars. The wider market capitalization of all cryptocurrencies fell below $1 trillion for the first time since January 19. Bitcoin is down 8.3% over the day, trading at $19,900.

Bitcoin is trading at $19,991.59 USD with a 24-hour volume of $45,003,893,058 USD. Bitcoin fell 7.70% overnight.

The worldwide cryptocurrency market value is $968 billion, down -6.45% in 24 hours and -47.34% year-over-year. Bitcoin dominates 39.89% of the market with a $386 billion market valuation. 

Latest movers:

• Bitcoin $19,986.11 -7.71%
• Ethereum $1,415.12 -8.00%
• BNB $274.37 -5.27%
• XRP $0.371047 -5.69%
• Cardano $0.312674 -2.24%
• Polygon $1.04 -3.40%
• Dogecoin $0.065112 -9.66%
• Solana $17.57 -4.23%
• Avalanche $14.71 -4.98%
• Cosmos Hub $11.07 2.39%