Crypto Price Analysis Mar-17: ETH, XRP, ADA, BNB, DOT

This week, we take a closer look at Ethereum, Ripple, Cardano, Binance Coin, and Polkadot. Ethereum (ETH) This week, the market sentiment completely shifted, with bulls taking full control of the price action.

Timeline of Cardano, Bnb, Polkadot-new, Ethereum, Xrp

After offering to assemble like minded people fighting legally against the U.S. Securities and Exchange Commission, XRP lawyer John Deaton is warning of yet another regulatory concern for the crypto market. He said the ongoing bank crisis news could trigger regulators to come out stronger in calling for a crypto ban.

Amid the widespread financial crisis caused by large banks collapsing, the cryptocurrency market has shown exceptional resilience, and the Cardano (ADA) team has just launched another critical upgrade to its network, helping its cryptocurrency join the rally.

Following the market bounce this week, Ethereum (ETH) has been one of the most profitable tokens with better market performances than most altcoins, including Cardano(ADA), Dogecoin (DOGE), and Solana (SOL). The second-largest cryptocurrency by market cap began the week trading around the price region of $1,588 before rising by about 12% to almost hit the $1,800 price level for the first time since August 2022.

The highly-anticipated Shanghai upgrade also called Shapella, that would enable the withdrawal of staked Ethereum [ETH] has finally got a mainnet launch date, as decided during the network's All Core Developers Call.

A recent exchange between Senator Elizabeth Warren and Susan Friedman, counsel at Ripple International Policy, showcased their differing views on the U.S. government's response to the crypto industry. Senator Warren criticized the government for prioritizing billion-dollar crypto firms over struggling student loan borrowers, while Friedman argued that the government's actions were not solely focused on the crypto industry.

Cardano (ADA/USD) price regained momentum after its developers announced a new node upgrade in its network. ADA jumped to a high of $0.34, the highest level since March 15 of this year. This recovery coincides with the resurgence of digital coins, with Bitcoin trading at its highest point this year.

There is no doubt that ongoing news about the US banking crisis and news about AI developments have given wings to the entire crypto world, including Cardano, Decentraland, and The Graph.

PLBY Group (NASDAQ: PLBY), the parent company of Hugh Hefner's Playboy, reported an impairment loss of $4.9 million on its Ethereum (CRYPTO: ETH) holdings. What Happened: The company accepted Ethereum as payment for the “Rabbitars” non-fungible tokens, or NFTs, that were launched in 2021.

Ethereum (ETH) investors are inching closer to accessing their staked ETH after the network's developers announced a new possible date for the highly anticipated Shanghai upgrade. 

FinTech firm Ripple has revealed that it has strategically invested in the Blockchain Founders Fund (BFF). BFF, based in Singapore, is an early-stage venture capital fund that concentrates on top-tier global Web3 startups and is supported by key industry leaders, investors, and family offices.