Crypto Market – Aug 29, 2022

Bitcoin dropped below $20,000 on Sunday as part of a larger cryptocurrency market fall prompted by concerns about the Federal Reserve’s rate-hike plan.

In the preceding twenty-four hours, Bitcoin (BTC) has traded between $19,518 and $20,384. As of 14:00 UTC today, BTC is trading at $20,264, an increase of 1.11%.

The majority of the largest cryptocurrencies by market capitalization are trading mixed.

The worldwide cryptocurrency market capitalization is now $1.02 Trillion, a movement of 1.07% over the last 24 hours and -53.23% over the past year. The current market capitalization of Bitcoin (BTC) is $387 billion, representing a 37.87% market share. The market capitalization of Stablecoins is now $154 billion, representing 15.04 percent of the total market capitalization of all cryptocurrencies.

  • Market Cap: $1,005,968,613,679.92
  • 24h Vol: $60,332,671,912.54
  • BTC Dominance: 38.62%

Except for BNB, all other leading tokens traded in the red on Monday. Avalanche fell by up to 10%, while Polygon fell by 5%. XRP and Cardano both decreased by 4%.

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$ADA, $AVAX, $BNB, $XRP, Cardano, Crypto market, Polygon

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