The Crypto Market Today (March 15) Showcased Notable Rising Trajectories

The crypto market today (March 15) showcased notable rising trajectories, igniting investor optimism globally. Bitcoin (BTC) price regained a break above $84K

The global crypto market cap increased by almost 3% in the past 24 hours to reach $2.75 trillion. Moreover, liquidations across the sector decreased by 23% from Friday to reach $160.75 million (data by Coinglass). As a result, crypto prices prevented a downturn and began rising action as of early Asian hours on Saturday.

BTC price tagged $85K sparking hope for crypto market recovery

Bitcoin (BTC) price displayed gains of 3% in the past 24 hours as it traded at $84,433 at press time. The flagship coin’s bottom and peak over the day were recorded as $81,771.76 and $85,263.29, respectively. Bitcoin’s market dominance increased by 0.11% over the past day to reach 60.88%. Overall, the flagship coin seemed to be outperforming altcoins this Saturday as it recovered after dealing with massive macro heat.

On the other hand, the crypto derivatives market experienced significant changes during the past 24 hours. Specifically, a substantial portion of the BTC futures contracts on major exchanges like Binance, BitMEX, and FTX experienced a shift from "net short" to "net long."

The shift in futures market sentiment can be attributed to the recent price action of BTC. After sliding below the crucial support level of $80K, BTC demonstrated a strong rebound, breaking through the 50-SMA on Saturday.

ETH price went up by 2%

Among the top altcoins, Ethereum (ETH) price went up by almost 2% in the past 24 hours to reach $1,919. The coin bottomed and peaked at $1,883.69 and $1,945.09 intraday. Ethereum’s market dominance rested at 8.4% this Saturday, signaling an undermining performance in the alts sector. The second-largest crypto’s trading volume was also decreased by 35% to $11.58 billion today.

On the other hand, new data from Token Terminal showed that the total value locked in DeFi protocols dropped to $90 billion from $94 billion in the past 24 hours.

XRP price soared

XRP price went up by 6% in the past 24 hours as it traded at $2.43. The coin’s minimum and maximum levels in the past 24 hours were reached at $2.28 and $2.44, respectively. Ripple’s native coin is experiencing a bullish action amid increasing possibilities of an XRP ETF approval soon.

On the other hand, CoinGape reported that Ripple minted 6.5 million RLUSD, adding another layer of interest to the coin’s price movements.

SOL price shot up by 8%

Next up is Solana (SOL) price which went up remarkably by 8% to close in at $135. The coin hit a low and a high of $124.48 and $135.64 in the past 24 hours. Solana’s trading volume was also up by 15% to $3.17 billion. The coin is seeing price gains in sync with the broader trend.

Meme crypto market today

Simultaneously, meme coins also displayed substantial gains this Saturday, further increasing investor optimism. Dogecoin (DOGE) price went up by almost 2% in the past 24 hours as it traded at $0.1729. Shiba Inu (SHIB) price increased by over 3% to reach $0.00001276. Even Pepe Coin (PEPE) price gushed over 3%, resting at $0.000007133.

Top crypto market gainers today

Kaspa (KAS)

Price: $0.08113 24-Hour Gains: +14%

Hyperliquid (HYPE)

Price: $14.23 24-Hour Gains: +11%

OKB (OKB)

Price: $46.25 24-Hour Gains: +10%

Top crypto market losers today

Pi (PI)

Price: $1.47 24-Hour Loss: -10%

Celestia (TIA)

Price: $3.51 24-Hour Loss: -3%

TRON (TRX)

Price: $0.2229 24-Hour Loss: -1%

Overall, traders and investors currently have an optimistic sentiment amid prices recovering from previous slumps. On the other hand, VanEck filed for an Avalanche ETF recently, adding to recent pro-crypto advancements across the globe.