Crypto Market – October 13, 2022

Before US inflation data came out on Thursday, the Fed made some aggressive comments at the last FOMC meeting. This led to a mixed day on the crypto market. The volume of trades has been pretty low, often falling below the averages for the last 20 days. This shows that investors aren’t very committed to the market.

Bitcoin and other cryptocurrencies have been trading in a tight range. Bitcoin maintained its position over $19,000, while Ethereum stayed below $1,300.

In the preceding twenty-four hours, Bitcoin (BTC) has traded between $18,950 and $19,240. 

  • Market Cap: $1,099,050,125,507.71
  • 24h Vol: $57,232,662,279.87
  • BTC Dominance: 37.13%

The worldwide cryptocurrency market value is $927 billion, down 3.97% in 24 hours and 62.37 percent in a year. Bitcoin’s market value is $358 billion, or 38.59% of the total. Stablecoins have a 16.0% part of the global crypto market worth at $148 Billion.

The majority of the largest cryptocurrencies by market capitalization are trading down on Thursday. Cardano falls almost 5%, XRP, Dogecoin, Shiba Inu, Avalanche, and Polygon are falling around 5% and 7%.

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