Bitcoin rose back above $20,000 on Saturday, despite markets still being spooked by the collapse of yet another banking institution. Silicon Valley Bank was shut down by U.S. regulators on Friday, causing many institutions to lose access to capital. This includes USDC issuer Circle, which led to a USDC depegging. Ethereum also rebounded on Saturday.

Bitcoin (BTC) rose back above $20,000 on Saturday, despite overall volatility in financial markets being at historic highs.

This comes as the Federal Deposit Insurance Corporation (FDIC) confirmed it was shutting down Silicon Valley Bank.

Despite this, BTC/USD raced to an intraday high of $20,792.53, less than 24 hours after trading at a low of $19,628.25.

Overall, todays marginal rally in price comes as the 14-day relative strength index (RSI) found a floor at the 27.00 level.

At the time of writing, the index is tracking at 28.46, with bitcoin at $20,279.45, as earlier gains have eased.

Market volatility will likely remain higher in the coming days, leading to bitcoin moving above and below $20,000 throughout the weekend.

Ethereum (ETH) was also significantly higher to start the weekend, as prices rose back above $1,400.

Following a two-month low at $1,378.53 yesterday, ETH/USD moved to a peak at the $1,481.32 level on Saturday.

The move comes as ethereum bulls bought yesterdays dip, as price strength moved deep into oversold territory.

Friday saw ethereums RSI fall to 28.30, which was its weakest point since last June, however the index has since rallied.

As of writing, it is now tracking at 32.26, and appears to be heading towards a long-term floor at 34.00.

Should it reach this point, there is a strong possibility that ethereum will be back above $1,500.

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Will todays rebound extend into the remainder of the weekend? Leave your thoughts in the comments below.

Eliman was previously a director of a London-based brokerage, whilst also an online trading educator. Currently, he commentates on various asset classes, including Crypto, Stocks and FX, whilst also a startup founder.

Image Credits: Shutterstock, Pixabay, Wiki Commons

Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.

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Bitcoin, Ethereum Technical Analysis: BTC Above $20000, ETH ... - Bitcoin News

In keeping with the current trends, Dogetti (DETI) will be preparing its marketplace for the intense competition it will face post-launch. The token plans to match Ethereums success within the NFT trade sector, while overtaking platforms like ApeCoin (APE) in its race up the crypto NFT charts. Read on for updates on the new coin and its potential for success within the cryptocurrency market.

Ethereum (ETH) has been the most popular platform in the cryptocurrency market for over 7 years, as the token features DApps and tokens that make its blockchain the most visited in the DeFi space. The traffic it gets makes Ethereum rank second on crypto charts, as only the elite Bitcoin can surpass its trading volume.

Ethereum (ETH) launched in 2015, following a record-setting presale event, to present a more relatable blockchain alternative to Bitcoin, as it was already getting out of sight. The Ethereum network ran on a proof of work protocol initially, which was the more conventional choice, but with increased popularity and traffic, the protocol soon became inefficient. Within a few years, Ethereum struggled with network lags and a rise in gas fees.

Ethereum (ETH) developers resorted to integrating other blockchains to aid the traffic on Ethereum. By 2022, they set a schedule to move the network to a proof of stake protocol. The upgrade occurred in September, and users are still expecting the full effects of the stake protocol on Ethereums operations.

The Ethereum (ETH) blockchain is prominent in the NFT trade sector, as it holds the highest capitalisation on NFT charts. It powers two of the largest marketplaces, OpenSea and EtherScan, and they are integrated into many token platforms, thus increasing the demand for ETH.

ETH tokens are used to fuel the Ethereum network and act as governance under the newly-installed proof of stake protocol. They are available for $1,649.97 on CoinMarketCap.

ApeCoin (APE) is the official Metaverse platform for the Bored Ape Yacht Club, the largest group of NFT traders in the world. Following their success during the introduction of NFTs in 2020, the group planned to launch a token that would help maximise their NFT stores even better. The ApeCoin launched in 2022 during the bearish market, although the coin seems to be picking in the bull run.

ApeCoin (APE) runs on the Ethereum blockchain and is a proof of stake protocol, allowing its users to contribute their assets to improve network security while they gain rewards. The attachment to Ethereum allows it to define its users assets under ERC standards and smart contracts.

As a platform, ApeCoin (APE) hosts a Metaverse featuring an NFT marketplace and blockchain games. The games are typical play-to-earn varieties, allowing users to access the single-player and multiplayer modes after paying an access fee. The marketplace enables users to create their NFTs, although it doesnt permit their incorporation within games. The developers are in charge of creating NFTs for gaming purposes, which are regularly released for sale on the platform.

The DAO community runs ApeCoin, ensuring the developers are placed in check on issues concerning protocol upgrades. The APE token is used as fuel, and for voting on the platform and sells for $5.47 on CoinMarketCap.

Dogetti (DETI) is the new meme coin rocking the crypto space with its all-inclusive protocol. The token is in its presale stages, having raised over a quarter million in about a week of sales, and developers are hopeful they can get the rest sold in record time.

The Dogetti (DETI) platform will feature a feature-packed protocol, with plans for an exchange platform and an NFT marketplace to help newbie traders start their cryptocurrency journey on the front foot. The exchange system will function like UNISWAP, facilitating coin swaps on the Ethereum network. This will significantly boost the potential for DETI tokens, as they will function as fuel for the exchange. The increased demand for the tokens will increase their values on the crypto charts.

Dogettis (DETI) NFTs will compete closely with other NFT-based projects, as the marketplace will allow users and developers to generate their NFTs. The developers will handle platform-generated NFTs, which will be upgraded to breed and grow in the future. On the other hand, users can create their NFTs from any multimedia source and organise them into collections for sale on the Dogetti (DETI) platform.

Dogetti (DETI) is coming, and it promises to be a big one. Join the presale here to access your DETI coins and more freebies from the developers.

Presale: https://dogetti.io/how-to-buy

Website: https://dogetti.io/

Telegram: https://t.me/Dogetti

Twitter: https://twitter.com/_Dogetti_

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WARNING: The investment in crypto assets is not regulated, it may not be suitable for retail investors and the total amount invested could be lost

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Dogetti set to oust Ethereum and ApeCoin with New NFT Policies - Euro Weekly News

Ethereum ClassicETC/USDis trading higher by some 9.49% to $19.56 over the past 24 hours. Shares of several popular altcoins are trading higher amid broader strength in cryptocurrencies.

Crypto may be higher in sympathy with the broader U.S. market after President Joe BidenMonday morning reassured Americans about the stability of the financial sector on Monday morning following the recent collapse of SVB Financial Group,Signature Bank and Silvergate Capital Corp.

Our Benzinga team reported, in his address, Biden emphasized that all bank customers will have access to their funds.

"All customers who had deposits in these banks can rest assured they'll be protected, and they'll have access to their money as of today, Biden said. "No losses will be borne by the taxpayers. Instead, the money will come out of the fees the banks pay into the deposit insurance fund."

See Also:Biden Addresses FDIC Bank Takeovers: 'The Banking System Is Safe'

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Why Ethereum Classic (ETC) Is Up 9% In The Past 24 Hours - Benzinga

March 9, 2023 3:38 PM | 1 min read

Litecoin (CRYPTO: LTC) and Ethereum Classic (CRYPTO: ETC)are both facing selling pressure andtrading lower Thursday afternoon. The broader cryptocurrency market is experiencing marked weakness asSilvergate Capital Corp'splanned liquidation has weighed on banks with crypto exposure.

See Also: PreMarket Prep Covers Potential Concerns For Regional Banks

So What's Going On With Silvergate?

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Silvergate shares are plunging and taking crypto down with it Thursdayafter thecompany saidit will wind down operations and voluntarilyliquidate Silvergate Bank. Several top cryptocurrencies are selling off alongsidethe crypto-linked company.

Silvergate'sliquidation planincludes full repayment of all deposits. The company alsosaid it'sconsidering how best to resolve claims and preserve the residual value of its assets.

According to data fromBenzinga Pro:

2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

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Why Ethereum Classic And Litecoin Are Diving - Benzinga