Crypto Market – December 1, 2022
The markets are keeping their fingers crossed that the Fed will signal impending dovish action on rates and that major cryptocurrency player Genesis will return to health. In addition, the second-largest cryptocurrency has increased by 11.5% over the previous week and may be positioned for an even larger movement in 2023.
Bitcoin Increases Due to the Fed Chair’s Moderate Statements. The markets are keeping their fingers crossed that the Federal Reserve will signal an upcoming dovish rate action and that the big cryptocurrency participant Genesis would recover. Moreover, the second-largest cryptocurrency has risen by 11.5% over the last week and may be poised for an even greater shift in 2023.
Bitcoin surpassed $17,000 following a one percent increase, while Ethereum approached $1,300. Powell said that the Federal Reserve will only increase interest rates by 50 basis points.
- Market Cap: $2,392,390,503,757.51
- 24h Vol: $121,034,457,099.45
- BTC Dominance: 51.54%
The worldwide cryptocurrency market capitalization is at $894 billion, a movement of 0.7% over the last 24 hours and -67.59% over the past year. The current market capitalization of Bitcoin (BTC) is $327 billion, reflecting a market share of 36.61 percent. The market capitalization of Stablecoins is $143 billion and represents 15.96% of the overall crypto market capitalization.
Polygon increased by more than 6% and OKB is up 4.7%, while Dogecoin and Litecoin declined by 3% and 2%, respectively.
- Ethereum $1,273.92 +0.20%
- Dogecoin $0.102517 -1.87%
- Polygon $0.93 +5.53%
- OKB $22.12 +4.83%
- Litecoin $77.17 -0.46%
$DOGE, $OKB, Bitcoin, Crypto market, Cryptocurrencies, Ethereum, Litecoin, Polygon