Bitcoin edged higher on March 20, 2025 as an injection of optimism helped several altcoins higher.
XRP, Uniswap (UNI), and Bonk (BONK) are all seeing notable gains, leading the top 100 by market cap.
Meanwhile, BNB Chain tokens are also rising following Binance’s vote-to-list announcement on Wednesday.
Overall, the market reflects mixed volatility, with some assets facing downward pressure.
Top crypto news
Ripple’s regulatory boost tops news headlines across crypto, buoying XRP.
The company announced the US Securities and Exchange Commission (SEC) had agreed to drop its appeal in a case against the company.
Ripple CEO Brad Garlinghouse disclosed this on Wednesday and multiple industry figures say it is the next step towards crypto clarity in the US.
Other top crypto stories you can read more about include:
Gotbit founder admits to market manipulation charges, forfeits $23M in plea dealAustralian authorities uncover Binance scam targeting over 130 crypto investorsPakistan moves to regulate crypto trading, targeting global investorsKraken to acquire NinjaTrader for $1.5 billion; eyes crypto futures expansion in the USVolShares to launch first-ever Solana futures ETFs in US
Crypto price wrap during Asian session on March 20
The crypto market cap stands at $2.79 trillion, up 2% in the past 24 hours.
Bitcoin’s surge to above $86k, XRP’s rally and broader gains also mean daily volume has surged 49% to over $106 billion.
While investors are seeing a tinge of optimism following the Fed meeting, traders caught offside have witnessed significant liquidations.
According to Coinglass, the market has had nearly $350 million in liquidations over the past 24 hours.
Most of these, at over $220 million, are bearish bets, and $130 million on long positions.
Bitcoin, Ethereum and Solana lead in 24-hour short liquidations, while XRP has seen most shorts rekt with over $36 million liquidated in this period. Despite this, crypto analyst Michael van de Poppe says altcoins could soon go crazy.
The #Altcoin market capitalization holds the crucial area and is ready for the next upwards move.
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Top crypto gainers in last 24 hours
The standout performers in the last 24 hours include XRP, Uniswap (UNI), and Bonk (BONK), each showcasing robust upward momentum:
XRP was up approximately 11% at $2.53, having exploded amid news around the SEC vs. Ripple case.UNI on the other hand, changed hands around $7.04, up 9%. BONK led top meme coins as price rose 7% to above $0.0000114.
Top crypto losers today
While some coins thrive, others have struggled for upside momentum in the past 24 hours. Curve DAO, Maker and Avalanche see notable dips in the top 100 by market cap, down between 4% and 5%.
In the top 500 coins by market cap, meme coin MUBARAK and Merlin Chain have dipped 16% and 12% respectively. Qubic, Solv Protocol and ether.fi are also recording significant downward pressure.
BNB Chain tokens surging
Several BNB Chain tokens are experiencing a surge. Importantly, these are memecoins and tokens Binance announced as the first batch in its “vote to list” group. Bananas For Scale, Koma Inu, CreatorBid and CZ’s Dog are all rallying after the announcement.
Binance recently established a community co-governance initiative that will see the community vote on potential listing or delisting of tokens.
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