The top crypto prices today registered a massive rebound as the Bitcoin (BTC) price extended higher than the $66,000 level again. In addition, the Ethereum price surged past the $3,500 mark. Meanwhile, other top altcoins, such as Solana (SOL), XRP, and Cardano (ADA) gained significantly.

Major Crypto Prices Today

The Bitcoin price approached the $67,000 mark again. The Bitcoin price was up by 8.62% reaching $66,741.33 at the time of writing on Thursday, March 21. On the other hand, it’s trading volume soared 14.81% to $61.91 billion in the last 24 hours. Meanwhile, the crypto boasted a market cap of $1.31 trillion.
Turning to altcoins, the Ethereum price soared by 11.93% to $3,500.90 at press time with a market valuation of $420.46 billion. Whilst, ETH saw its trading volume dip by 1.49%, reaching $33.87 billion. Meanwhile, the Binance Coin (BNB) price was up by 7.41%, reaching $547.54. In contrast, its 24-hour trade volume slipped by 24.53% to $3.08 billion.

The Solana price neared the $190 mark again. The Solana price rallied by 13.11%, settling at $187.76. On the contrary, SOL witnessed a 24.35% drop in trade volume to $8.16 billion in the last 24 hours. Whilst, the XRP price extended above the $0.60 level. The XRP price recorded a gain of 4.66%, reaching $0.6052. On the other hand, XRP’s trading volume dipped 17.93% to 2.55 billion.Meanwhile, the Cardano price surged 8.42% to $0.6307 today. Whilst, ADA recorded a 18.43% drop in its 24-hour trading volume, settling at $901.44 million. As the top crypto prices recovered from the recent bearish downturn, popular meme coins extended gains. The Dogecoin price was up by 18.53% to $0.1483 while its rival, Shiba Inu price surged by 9.97% and traded at $0.00002657.Top Crypto Prices Today Are

Pepe Coin Rallies 20%

The Pepe Coin (PEPE) crypto, a popular meme coin, soared over 20% today. At press time, the Pepe Coin price was up by 20.43% to $0.000008124 with a market valuation of $3.41 billion. In addition, its 24-hour trade volume rose 16.23% to $1.86 billion.Floki (FLOKI), another trending meme crypto, recorded a phenomenal rally of over 41% and ranked as one of the top crypto gainers today as the market rebounded. The Floki price was up by 41.51% to $0.0002496 at the time of reporting. Moreover, its trade volume spiked by 64.65% to $394.55 million. Furthermore, the Floki crypto recorded a high of $0.0002573 amid the rally recently.

How BlackRock’s Launch Of A Yield-Bearing Stablecoin On Ethereum Is A Game-Changer

World’s largest asset manager BlackRock announced the official launch of the tokenized asset fund on the Ethereum blockchain network, a day after submitting its filing to the U.S. SEC. To launch this fund, BlackRock partnered with digital assets specialist Securitize Markets.

BlackRock Fund Backed By BUIDL Token

The BlackRock USD Institutional Digital Liquidity Fund, represented by the blockchain-based BUIDL token, is fully collateralized by cash, U.S. Treasury bills, and repurchase agreements. Yield generated from the fund will be distributed daily to token holders via blockchain channels, as per a press release.Securitize will serve as the transfer agent and tokenization platform for the fund, with BNY Mellon acting as the custodian of its assets, as announced by BlackRock. Additionally, BitGo, Anchorage Digital Bank NA, Coinbase, and Fireblocks are among the participants in the fund’s ecosystem.The recent announcement of BlackRock’s foray into the realm of yield-bearing stablecoins on the Ethereum blockchain has stirred significant excitement within the crypto community. Regarded as one of the most bullish developments in the crypto sphere, this initiative represents a notable step towards mainstream adoption of digital assets.
Representative Patrick McHenry and Senator Cynthia Lummis also expressed optimism about the potential passage of a stablecoin bill in Congress this year, although they could not provide a precise timeline for its enactment. Progress toward a stablecoin bill has advanced considerably within the House of Representatives, with finalization pending only a floor voteOn one hand, the U.S. Securities and Exchange Commission (SEC) has been pushing back on the approval of Ethereum ETF. On the other hand, BlackRock filed for a Ethereum Exchange-Traded Fund (ETF), indicating a substantial interest in providing investment opportunities linked to the second-largest cryptocurrency by market capitalization.The Ethereum (ETH) price is already up 12% in the last 12 hours shooting all the way past $3,500 backed by dovish Fed commentary.
The press release further mentioned that BlackRock made a “strategic investment” in Securitize, however, the firm didn’t release specific details regarding the terms of the agreement. Robert Mitchnick, BlackRock’s Head of Digital Assets, said:

“This is the latest progression of our digital assets strategy. We are focused on developing solutions in the digital assets space that help solve real problems for our clients, and we are excited to work with Securitize.”

The BUIDL token came into existence on March 4, 2024, with all 100 BUIDL tokens initially residing in a single address. Moreover, as outlined in the fund’s prospectus, investors need to commit a minimum of $100,000.
Functioning akin to a short-term money market fund, it primarily targets investments in short-duration securities such as commercial paper, certificates of deposit, and floating rate notes, with a significant portion of its asset allocation dedicated to cash reserves