# 03/22 Market Update: ETH rises back over $3,000

According to 22th March data from CoinGecko, ETH experienced a significant increase of 6% in the last 24 hours to reach $3,012. In addition, BTC also experienced a 3.4% rise in the last 24 hours and is now at $42,274. The market is volatile now, please pay attention to the risk.

Based on news from [Coindesk](https://www.coindesk.com/business/2022/03/21/ray-dalios-bridgewater-investing-in-crypto-fund-sources/), BridgeWater, the world’s largest hedge fund, is investing in a Crypto fund. However, it has no current intention of directly investing in crypto assets itself, one of the sources said.It’s the clearest signal to date that the world’s largest hedge fund, currently with $150 billion in assets under management (AUM), is taking crypto seriously as an asset class – aside from founder Ray Dalio’s announcement in [May 2021](https://www.coindesk.com/markets/2021/05/24/ray-dalio-i-have-some-bitcoin/)



Tokenlon team,

2022.03.22
