Crypto market surges: XRP, UNI, and BONK lead gains with BNB tokens rallying

Bitcoin edged higher on March 20, 2025 as an injection of optimism helped several altcoins higher. 

XRP, Uniswap (UNI), and Bonk (BONK) are all seeing notable gains, leading the top 100 by market cap.

Meanwhile, BNB Chain tokens are also rising following Binance’s vote-to-list announcement on Wednesday. 

Overall, the market reflects mixed volatility, with some assets facing downward pressure.

Top crypto news

Ripple’s regulatory boost tops news headlines across crypto, buoying XRP.

The company announced the US Securities and Exchange Commission (SEC) had agreed to drop its appeal in a case against the company.

Ripple CEO Brad Garlinghouse disclosed this on Wednesday and multiple industry figures say it is the next step towards crypto clarity in the US.

Other top crypto stories you can read more about include:

• Gotbit founder admits to market manipulation charges, forfeits $23M in plea deal

• Australian authorities uncover Binance scam targeting over 130 crypto investors

• Pakistan moves to regulate crypto trading, targeting global investors

• Kraken to acquire NinjaTrader for $1.5 billion; eyes crypto futures expansion in the US

• VolShares to launch first-ever Solana futures ETFs in US

Crypto price wrap during Asian session on March 20 

The crypto market cap stands at $2.79 trillion, up 2% in the past 24 hours.

Bitcoin’s surge to above $86k, XRP’s rally and broader gains also mean daily volume has surged 49% to over $106 billion.

While investors are seeing a tinge of optimism following the Fed meeting, traders caught offside have witnessed significant liquidations.

According to Coinglass, the market has had nearly $350 million in liquidations over the past 24 hours.

Most of these, at over $220 million, are bearish bets, and $130 million on long positions. 

Bitcoin, Ethereum and Solana lead in 24-hour short liquidations, while XRP has seen most shorts rekt with over $36 million liquidated in this period. Despite this, crypto analyst Michael van de Poppe says altcoins could soon go crazy.