{"id":1704,"date":"2023-03-15T03:59:29","date_gmt":"2023-03-15T03:59:29","guid":{"rendered":"https:\/\/solanacrypto.news\/2023\/03\/15\/bitcoin-ether-continue-run-up-solana-dogecoin-lead-gainers-u-s-equities-rebound\/"},"modified":"2023-03-15T03:59:29","modified_gmt":"2023-03-15T03:59:29","slug":"bitcoin-ether-continue-run-up-solana-dogecoin-lead-gainers-u-s-equities-rebound","status":"publish","type":"post","link":"https:\/\/solanacrypto.news\/2023\/03\/15\/bitcoin-ether-continue-run-up-solana-dogecoin-lead-gainers-u-s-equities-rebound\/","title":{"rendered":"Bitcoin, Ether continue run up; Solana, Dogecoin lead gainers; U.S. equities rebound"},"content":{"rendered":"<div>\n<figure class=\"caas-figure\">\n<div class=\"caas-figure-with-pb\" style=\"max-height: 641px\">\n<div>\n<div class=\"caas-img-container\" style=\"padding-bottom:67%;\"><img decoding=\"async\" class=\"caas-img has-preview\" alt=\"\" src=\"https:\/\/s.yimg.com\/ny\/api\/res\/1.2\/Gdu46TcCK3wR_Dnrqio5pw--\/YXBwaWQ9aGlnaGxhbmRlcjt3PTk2MDtoPTY0MQ--\/https:\/\/media.zenfs.com\/en\/forkast_news_articles_672\/ae2ade19726a17fa5f854f60f6416992\"\/><\/div>\n<\/div>\n<\/div>\n<\/figure>\n<p>Bitcoin and Ether continued the strong price gains for the week to move higher in Wednesday morning trading in Asia, with most of the top 10 non-stablecoin cryptocurrencies logging advances for the past seven days. Solana and Dogecoin led the Wednesday winners. The rise in cryptocurrencies accompanied a rebound in U.S. equities on Tuesday as concern about bank failures receded and February inflation data released the same day was in line with expectations.<\/p>\n<p><strong><em>See related article: <\/em><\/strong><a target=\"_blank\" href=\"https:\/\/forkast.news\/banks-bringing-systemic-risks-crypto-says-circles-disparte\/\" rel=\"nofollow noopener\" data-ylk=\"slk:Banks are bringing systemic risks to crypto, says Circle\u2019s Disparte;elm:context_link;itc:0\" class=\"link \">Banks are bringing systemic risks to crypto, says Circle\u2019s Disparte<\/a><\/p>\n<h2>Fast facts<\/h2>\n<ul class=\"caas-list caas-list-bullet\">\n<li>\n<p>Bitcoin rose 2.10% in the past 24 hours to US$24,789 at 09:00 a.m. in Hong Kong, according to<a target=\"_blank\" href=\"https:\/\/coinmarketcap.com\/\" rel=\"nofollow noopener\" data-ylk=\"slk:CoinMarketCap data;elm:context_link;itc:0\" class=\"link \"> CoinMarketCap data<\/a>, for a weekly gain of 11.39%. The world\u2019s largest cryptocurrency briefly <a target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/bitcoin-breaks-us26000-inflation-eases-february\/\" rel=\"nofollow noopener\" data-ylk=\"slk:broke the US$26,000 ceiling;elm:context_link;itc:0\" class=\"link \">broke the US$26,000 ceiling<\/a> on Tuesday evening in Asia and is now up almost 50% for the year to date.<\/p>\n<\/li>\n<li>\n<p>Ether gained 1.90% to US$1,706, rising 8.86% in the past seven days.<\/p>\n<\/li>\n<li>\n<p>Solana led the gainers in the top 10, adding 2.75% to US$20.93 for a rise of 3.12% for the week. The Solana Foundation introduced <a target=\"_blank\" href=\"https:\/\/www.solanau.org\/chat\" rel=\"nofollow noopener\" data-ylk=\"slk:Ask Solana U;elm:context_link;itc:0\" class=\"link \">Ask Solana U<\/a> on Tuesday, an AI-powered chat-like engine that aims to assist Web3 developers on the Solana blockchain.<\/p>\n<\/li>\n<li>\n<p>Dogecoin rose 2.74% to US$0.07478. The memecoin is up 0.85% for the seven-day period, but still down more than 7% from the beginning of March.<\/p>\n<\/li>\n<li>\n<p>XRP edged 0.54% higher to trade at US$0.3735, but is the only top 10 non-stablecoin cryptocurrency with a weekly loss, down 2.20%. Brad Garlinghouse, the CEO of Ripple Labs whose payment network is powered by XRP,\u00a0 <a target=\"_blank\" href=\"https:\/\/twitter.com\/bgarlinghouse\/status\/1635026527976054784\" rel=\"nofollow noopener\" data-ylk=\"slk:tweeted;elm:context_link;itc:0\" class=\"link \">tweeted<\/a> on Monday that Ripple had some exposure to the failed Silicon Valley Bank. This was accompanied by a large flow of XRP transactions on the same day, according to crypto tracker <a target=\"_blank\" href=\"https:\/\/twitter.com\/whale_alert\/status\/1634991042272305152\" rel=\"nofollow noopener\" data-ylk=\"slk:Whale Alert;elm:context_link;itc:0\" class=\"link \">Whale Alert<\/a>.<\/p>\n<\/li>\n<li>\n<p>Crypto exchange Binance\u2019s BNB rose 0.51% to US$309.51, posting a weekly gain of 6.88%. The world\u2019s largest crypto exchange on Tuesday said it will <a target=\"_blank\" href=\"https:\/\/forkast.news\/headlines\/binance-halts-deposits-withdrawals-in-uk\/\" rel=\"nofollow noopener\" data-ylk=\"slk:halt its U.K. pound deposits and withdrawals;elm:context_link;itc:0\" class=\"link \">halt its U.K. pound deposits and withdrawals<\/a> by May this year, after its local partner for fiat on- and off-ramps said it was ending the service due to regulatory concerns.<\/p>\n<\/li>\n<li>\n<p>The total crypto market capitalization rose 1.30% in the past 24 hours to US$1.09 trillion. Total trading volume over the last 24 hours gained 8.47% to US$101.54 billion.<\/p>\n<\/li>\n<li>\n<p>U.S. equities closed higher on Tuesday. The Dow Jones Industrial Average rose 1.06%, the S&amp;P 500 moved up 1.65% and the Nasdaq Composite Index posted the biggest gain of 2.14%.<\/p>\n<\/li>\n<li>\n<p>Efforts by <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/newsevents\/pressreleases\/monetary20230312b.htm\" rel=\"nofollow noopener\" data-ylk=\"slk:U.S. regulators;elm:context_link;itc:0\" class=\"link \">U.S. regulators<\/a> and <a target=\"_blank\" href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/03\/13\/remarks-by-president-biden-on-maintaining-a-resilient-banking-system-and-protecting-our-historic-economic-recovery\/\" rel=\"nofollow noopener\" data-ylk=\"slk:President Joe Biden;elm:context_link;itc:0\" class=\"link \">President Joe Biden<\/a> to calm markets seemed to have the desired effect after the <a target=\"_blank\" href=\"https:\/\/forkast.news\/circles-usdc-stablecoin-regains-parity-as-regulators-act-to-stop-bank-run-risk\/\" rel=\"nofollow noopener\" data-ylk=\"slk:collapses of U.S. banks;elm:context_link;itc:0\" class=\"link \">collapses of U.S. banks<\/a> at the weekend. First Republic Bank, which slid over 60% on Monday and was briefly suspended from trading, bounced back almost 27% on Tuesday, according to <a target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2023\/03\/13\/stock-market-today-live-updates.html\" rel=\"nofollow noopener\" data-ylk=\"slk:CNBC;elm:context_link;itc:0\" class=\"link \">CNBC<\/a>.<\/p>\n<\/li>\n<li>\n<p>Investors in U.S. equities and cryptocurrencies also gained some reassurance from the U.S. Labor Department\u2019s February inflation <a target=\"_blank\" href=\"https:\/\/www.bls.gov\/news.release\/pdf\/cpi.pdf\" rel=\"nofollow noopener\" data-ylk=\"slk:report;elm:context_link;itc:0\" class=\"link \">report<\/a> released Tuesday, which showed the Consumer Price Index (CPI) rose 0.6% by month and 6% on year, all in line with expectations. Though still above the <a target=\"_blank\" href=\"https:\/\/www.federalreserve.gov\/monetarypolicy\/files\/monetary20230201a1.pdf\" rel=\"nofollow noopener\" data-ylk=\"slk:Federal Reserve\u2019s stated goal;elm:context_link;itc:0\" class=\"link \">Federal Reserve\u2019s stated goal<\/a> to keep annual inflation below 2%, the data suggest inflation in the U.S. is moderating and may convince the Fed to ease back on interest rate hikes.<\/p>\n<\/li>\n<li>\n<p>After a raft of rate hikes last year and into 2023, U.S. interest rates are now between 4.5% to 4.75%, the highest since October 2007. Analysts at the<a target=\"_blank\" href=\"https:\/\/www.cmegroup.com\/markets\/interest-rates\/cme-fedwatch-tool.html?redirect=\/trading\/interest-rates\/countdown-to-fomc.html\" rel=\"nofollow noopener\" data-ylk=\"slk:CME Group;elm:context_link;itc:0\" class=\"link \"> CME Group<\/a> expect a 79.7% chance the Fed will raise rates by 25 basis points this month. The chance of no rate increase is at 20.3%, a decrease from 35% on Tuesday.<\/p>\n<\/li>\n<\/ul>\n<p><strong><em>See related article:<\/em><\/strong> <a target=\"_blank\" href=\"https:\/\/forkast.news\/india-imposes-money-laundering-regulations\/\" rel=\"nofollow noopener\" data-ylk=\"slk:India imposes money laundering regulations on crypto industry;elm:context_link;itc:0\" class=\"link \">India imposes money laundering regulations on crypto industry<\/a><\/p>\n<\/div>\n<p><script async src=\"\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin and Ether continued the strong price gains for the week to move higher in Wednesday morning trading in Asia, with most of the top 10 non-stablecoin cryptocurrencies logging advances for the past seven days. Solana and Dogecoin led the Wednesday winners. The rise in cryptocurrencies accompanied a rebound in U.S. equities on Tuesday as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1705,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rank_math_lock_modified_date":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1704","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/1704","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/comments?post=1704"}],"version-history":[{"count":0,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/posts\/1704\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media\/1705"}],"wp:attachment":[{"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/media?parent=1704"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/categories?post=1704"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/solanacrypto.news\/wp-json\/wp\/v2\/tags?post=1704"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}