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After the widely publicized collapse of the Silicon Valley Bank (SVB), accompanied by two other major banking institutions crashing and more at risk, investors seem to be increasingly flocking to the alternative solution cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH).

As evident from the declining portion of Bitcoin and Ethereum reserves on crypto exchanges, investors are seeking refuge in these digital assets out of fear that the banking crisis could spread to crypto businesses, as noted by blockchain and financial analysis platform Glassnode in a weekly newsletter sent out on March 13.

Specifically, the report stated that around 0.144% of all BTC and 0.325% of all ETH in circulation was withdrawn from exchange reserves, demonstrating a similar self-custody response pattern to the collapse of the crypto trading platform FTX.

On top of that, the platforms team stressed that these numbers spoke volumes about the growing level of investor confidence in crypto in recent weeks:

On a USD basis, the last month saw over $1.8B in combined BTC and ETH value flow out of exchanges. This is not necessarily large in relative scale. However, observing net exchange withdrawals, especially within the current hostile regulatory environment, does speak to a degree of investor confidence that is worth noting.

Meanwhile, Bitcoin has put some breaks on its recent progress, gaining only 0.17% on the day and at press time trading at the price of $24,674, as it began to consolidate the weekly increases of 13.64% and of 13.14% on its monthly chart.

At the same time, Ethereum has lost 1.17% in the last 24 hours, trading at the price of $1,672, but still up 8.97% compared to the previous seven days and 11.02% across the last month, as per the latest information retrieved on March 16.

Whether crypto manages to retain investors interest remains to be seen and will largely depend on the developing situation in the banking sector, in addition to the developments directly related to the cryptocurrency market and the wider macroeconomic landscape.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Banking contagion sparks crypto frenzy: investors rush to 'HODL ... - Finbold - Finance in Bold

March 17, 2023 11:35 AM | 1 min read

Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading belaboveow the key $26,000 level on Friday.

Ethereum (CRYPTO: ETH) also moved higher, trading above the $1,700 mark this morning.

The University of Michigan consumer sentiment fell to 63.4 in March from 67 in the previous month.

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Immutable (CRYPTO: IMX) was the top gainer over the prior 24 hours, while Kava (CRYPTO: KAVA) turned out to be the biggest loser.

At the time of writing, the global crypto market cap rose to $1.13 trillion, recording a 24-hour gain of 4.2%. BTC was trading higher by 6% at $26,374, while ETH rose by around 3.2% to $1,714 on Friday.

Here are the top ten crypto gainers and losers over the past 24 hours:

Price: $1.4024-hour gain: 18.1%

Price: $1.0524-hour gain: 14.6%

Price: $0.328424-hour gain: 13.6%

Price: $0.226824-hour gain: 11.1%

Price: $0.446124-hour gain: 9.6%

Price: $0.99524-hour drop: 2.6%

Price: $0.151524-hour drop: 2.1%

Price: $711.6124-hour drop: 2.1%

Price: $4.1824-hour drop: 1.9%

Price: $2.3924-hour drop: 1.9%

Read This Next: Allbirds And 3 Other Stocks Under $2 Insiders Are Aggressively Buying

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

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Ethereum Rises Above This Key Level; Immutable Emerges As Top Gainer - Benzinga

March 17, 2023 12:28 PM | 1 min read

MicroStrategy Inc (NASDAQ:MSTR) shares are trading higher by some 7.54% to $259.26 during Friday's session.Shares of crypto-related stocks are trading higher amid recent, marked strength in cryptocurrencies.

For the unitiated, MSTR is a provider of enterprise analytics and mobility software.

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As part of the company's broader financial strategy,MicroStrategy owns roughly132,500 bitcoins as of FY22. Because of this, thestock often moves in sympathy with the price of Bitcoin and the crypto sector.

See Also:Why PacWest Bancorp (PACW) And Western Alliance (WAL) Stock Are Nosediving

According to data fromBenzinga Pro,MicroStrategy has a 52-week high of $522.80 and a 52-week low of $132.56.

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

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Why Bitcoin- And Ethereum-Related Stock MicroStrategy Is Seeing Blue Skies - MicroStrategy (NASDAQ:MSTR) - Benzinga

Bitcoin and Ethereum are two of the most well-known cryptocurrencies in the world. Although both are decentralized digital currencies, they have significant differences in their underlying technology and functionality. Which one is better to hold, Bitcoin or Ethereum? Lets get into a quick analysis of Bitcoin and Ethereum.

Bitcoin was the first cryptocurrency to be created in 2009 by an unknown person or group of people using the pseudonym Satoshi Nakamoto. It was designed to be a decentralized, peer-to-peer digital currency that could be used as an alternative to traditional fiat currencies. Bitcoin operates on a blockchain, a distributed ledger that records every transaction on the network. The blockchain is maintained by a network of nodes, which work together to verify transactions and prevent fraud.

On the other hand, Ethereum was created in 2015 by a programmer named Vitalik Buterin. Ethereum is not just a digital currency, but also a blockchain platform that enables developers to create decentralized applications (dApps) and smart contracts. Smart contracts are self-executing contracts with the terms of the agreement between buyer and seller being directly written into lines of code. Ethereums blockchain uses a cryptocurrency called Ether as its native token.

The primary difference between Bitcoin and Ethereum lies in their underlying technology and functionality. While Bitcoin is primarily used as a store of value or a means of exchange, Ethereums blockchain allows for the creation of decentralized applications and smart contracts. Ethereum is designed to be more flexible and scalable than Bitcoin, with a focus on providing a platform for developers to build upon.

In terms of market capitalization, Bitcoin is currently the largest cryptocurrency, with a market cap of over $1 trillion. Ethereum is the second-largest cryptocurrency, with a market cap of over $200 billion. Bitcoins price is largely driven by demand as an alternative store of value and investment asset, while Ethereums price is more influenced by the adoption of its platform for decentralized applications and smart contracts.

As for which cryptocurrency is projected to become better in the future, its difficult to say for certain. Both Bitcoin and Ethereum have their strengths and weaknesses, and their success largely depends on their adoption and use cases. However, many experts believe that Ethereums platform for decentralized applications and smart contracts has significant potential for disrupting industries and transforming the way we interact with technology. As such, Ethereum may have a more significant impact on the future of blockchain technology and decentralized applications.

While Bitcoin and Ethereum are both decentralized digital currencies, they have significant differences in their underlying technology and functionality. Bitcoin is primarily used as a store of value or a means of exchange, while Ethereums blockchain allows for the creation of decentralized applications and smart contracts. While both cryptocurrencies have their strengths and weaknesses, many experts believe that Ethereum has significant potential for disrupting industries and transforming the way we interact with technology.

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What is the Bitcoin price forecast for the next few weeks? Can Bitcoin price return to $35,000 soon?

Trading Bitcoin can follow many strategies. Do you use FA or TA? Are you a day trader, swing trader, scalper,

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Bitcoin vs Ethereum Which is BETTER to hold for the Long Term? - CryptoTicker.io - Bitcoin Price, Ethereum Price & Crypto News

The CoinMarketCap cryptocurrency community price estimate is based only on the votes of its users. Estimates do not guarantee end-of-month prices.

The financial sector in the United States has been rocked by the failure of many banks and financial institutions in the previous week, notably Silicon Valley Bank and Silvergate Bank. In response, Bitcoins (BTC) value jumped from a low of $19,736 last week to its current level of $24,835, carrying the broader crypto market up with it.

For instance, Ethereum (ETH), the leading smart contract platform and second-largest cryptocurrency by market cap fortunes, now look bullish after rebounding from last weeks low of $1,379 to regain support at $1,600 as it tests resistance at $1,700 midway through the month.

However, despite the bullish turn of events, according to the 1,565 community votes cast by the members of the crypto tracking platform CoinMarketCap by press time, ETH is set to change hands at an estimated average price of $1,560 by March 31, a decrease of -7.67% or -$129.58 to ETHs current price, as per data retrieved on March 14.

It is also important to note that the projections of the crypto community for Ethereum over the last six months have had a historical accuracy of 87.72%, making them a suitable alternative to the price estimates made by the artificial intelligence (AI) platforms that have set a slightly lot lower Ethereum price for the same period at the price of $1,529 by March 31.

Due to the Ethereum Shanghai update, the roughly $28 billion worth of ether that has been staked will begin to become accessible in a few weeks.This supply, which at this time is unable to be withdrawn or sold, will be progressively returned to the public markets, which will affect the price of Ethereum. With that being said, crypto trading analyst Ali Martinez noted that Ethereum whales continue to buy up ETH during the recent market dip:

Ethereum whales with 1,000 to 10,000 $ETH added around 400,000 ETH to their holdings in the recent crypto market dip, worth around $600,000,000.

Regarding Ethereums technical analysis (TA) on the one-day gauges over at the finance monitoring website TradingView are very bullish. Its summary aligns with the strong buy sentiment at 16, which results from moving averages (MA) pointing at strong buy at 14, and oscillators in the buy area at 2.

Ethereum is now testing resistance at $1,700, trading at $1,688; it is up 6.41% in the last 24 hours.

Over the last week, ETH is up 8%, with a total market capitalization of $210 billion.

Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.

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Crypto community with 88% historical accuracy sets Ethereum price ... - Finbold - Finance in Bold