Crypto Market – Aug 9, 2022
Today’s market capitalization of cryptocurrencies is $1.13 trillion, down -3.56% from the previous day and down -40.91% from one year ago. Currently, Bitcoin (BTC) is $442 billion, giving it dominance of 38.92%. Stablecoins’ market worth is now $154 billion, accounting for 13.55% of the whole cryptocurrency market size.
- Market Cap: $1,099,050,125,507.71
- 24h Vol: $57,232,662,279.87
- BTC Dominance: 37.13%
Over the last 24 hours, Bitcoin (BTC) has fluctuated in price between $22,861 and $24,113. BTC is now trading at $23,080, down -3.84% as of 4:00 PM (UTC).
Over the previous four days, the cryptocurrency market has risen on hints that inflation will soon be under control without starting a severe recession. In this week’s investor, inflation is the main topic.
The only tokens trading in the red were BNB, Avalanche, and Shiba Inu. All other tokens were trading in the green. Poloniex increased by roughly 5%, while Ethereum increased by 4%. Over 2% was added to Bitcoin over the overnight hours.
Perhaps the greatest surprise in a week full of them was Ethereum Classic. ETC has increased 174% in recent weeks despite being long ignored as a peculiar artifact from the past. So what is happening? Sam Haig, who has been tracking The Merge, investigated the market enigma and wrote on the factors behind the rise in ETC’s value.