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Market Watch: Crypto Market Remains Volatile on March 21, 2023

The cryptocurrency market experienced a mix of ups and downs on March 21, 2023, with Bitcoin (BTC) and Ethereum (ETH) prices hovering at $27,900 and $1,755, respectively.

The market capitalization decreased slightly to $1161 billion (-0.85%), and the Spot Volume 24h increased to $66.61 billion (+2.94%). Additionally, BTC Dominance increased by 0.60%, and ETH Dominance stood at 18.5%.

The day also witnessed over 151.12 million dollars in liquidations in the past 24 hours, with 56,506 traders affected. Binance saw the largest liquidation order, with a value of $1.47 million.

The top gainers in the past 24 hours included Tolar (TOL) with an increase of 911.8%, Hamachi Finance (HAMI) with a rise of 47.4%, Bolide (BLID) with an uptick of 41.3%, Spool DAO (SPOOL) with an increase of 37.6%, and Blox (CDT) with a rise of 33.9%.

The Crypto Fear and Greed Index, which measures the market’s sentiment towards Bitcoin, hit its highest score this year on March 20, with a reading of 68, indicating “Greed.” The index aims to provide an insight into the emotional state of the market, with a maximum score of 100. The last time the index recorded a score above 66 was in November 2021, just days after Bitcoin’s all-time high of over $69,000.

Overall, the cryptocurrency market showed some signs of volatility on March 21, with Bitcoin and Ethereum prices holding steady. However, the high liquidations and the increase in the Crypto Fear and Greed Index show that market participants are still feeling bullish about the future of the crypto market.

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