Cryptocurrency

Markets on edge as Fed rate decision due today

Zegex

Total cryptocurrency market capitalization recorded a net outflow of $15.5 billion in total. At the time of writing, he stood at $920.1 billion, down 1.7% over the past 24 hours.

Bitcoin market cap fell 1.5% from $370.69 billion to $365.11 billion during the reporting period. Meanwhile, Ethereum’s market cap also fell 1.5% from $166.48 billion to $164.03 billion over the past 24 hours.

After yesterday’s rally, the top 10 cryptocurrencies are trading broadly flat today with a sell-side bias. A notable exception is XRP, which has surged 8% over the past 24 hours. Shiba Inu had the biggest drop, with prices down 3% for him.

top 10 ciphers
Source: CryptoSlate.com

The market caps of the top three stablecoins, Tether (USDT), USD Coin (USDC) and Binance USD (BUSD) rose slightly over the period to $67.97 billion, $50.16 billion and $20.51 billion respectively. .

Bitcoin

Over the past 24 hours, Bitcoin has fallen 2% and is trading at $18,900 at the time of writing. Market dominance rose slightly from 39.3% to 39.4% over the period.

Following the weekend selling, BTC peaked at $19,700 late Monday night (UTC). Since then, the major cryptocurrencies have been on a downward trend, with the zone around $18,700 providing support.

Entering Wednesday, BTC is trading in a tight range between $18,800 and $19,100, making a retest of local support look imminent.

The FOMC meeting ended today and the market is poised for a rate decision.

bitcoin chart
Source: TradingView.com

ethereum

Ethereum has fallen 1.9% over the past 24 hours, trading at $1,331 at the time of writing. Market dominance he fell slightly from 17.8% to 17.7%.

The ETH bull market hit a high of $1,385 on Tuesday evening (UTC). However, the price has since fallen and found support at the $1,315 levels. Similar to BTC, a retest of local support looks imminent.

ethereum chart
Source: TradingView.com

top 5 price increases

wink

WIN leads the top gainers in the last 24 hours, trading around $0.00012 at the time of this writing, up 18.5% over the period. The Tron-based betting dApp is down 96% of his ATH from April 2021. It is unclear why the token rose today. Its market capitalization he was $111.74 million.

brain trust

BTRST grew 9.3% over the last 24 hours and was trading around $2.32794 at the time of publication. It’s unclear why decentralized “talent networks” have become so popular today. Its market cap was he $279.01 million.

XRP

XRP has surged 7.6% over the past 24 hours and is trading around $0.39280 at the time of writing. The token was up 18% last month with a market cap of $19.58 billion. With the recent filing of a โ€œsummary judgment,โ€ some expect the SEC v. Ripple lawsuit to end soon.

chain

XCN is up 5.4% over the last 24 hours and is trading at $0.06527 at the time of publication. This token was included in yesterday’s top 5 losers list. Its market capitalization was $1.4 billion.

situation

SNT is up 4.3% since the last wMarket update and is trading at $0.02902 at the time of writing. Its market cap was $172 million at the time of writing.

top 5 losers

ellipsis

EPS is the biggest loser today, down 18.9% over the last 24 hours and trading around $0.15189 at the time of writing. Binance Smart Chain-based stablecoin exchange is down 88% in a year. Its market capitalization was $253.89 million.

Pundi X

PUNDIX has fallen 13.98% over the last 24 hours to $0.50212 at the time of writing. The project currently suffers from high volatility for both upward and downward swings. What is behind this is unknown. Its market capitalization he was $129.79 million.

chili’s

CHZ plunged 11.6% during the reporting period, trading at $0.22408. Despite today’s selloff, the token remains up 16% over the past seven days. Its market capitalization was $1.34 billion.

universe

ATOM is down 11.4% over the last 24 hours, at around $13.7778 at the time of writing. There have been no new significant developments recently. The token price is up 21% since last month. Its market capitalization was $3.95 billion.

Energy Web Token

EWT fell 6.98% to trade at $3.90546. The Proof-of-Authority (PoA) Ethereum virtual machine blockchain supports enterprise-level applications in the energy sector. Market cap at press time was $117.41 million.

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