Crypto Market – October 27, 2022
Stable cryptocurrency markets continue. After the GDP Report, Bitcoin Values Stay Above $20,000. There is usually a negative relationship between bitcoin and the dollar. Investors expect a more dovish Federal Open Market Committee, which could level cryptocurrency prices.
Third-quarter U.S. GDP climbed 2.6%, while bitcoin hardly budged. A growth in GDP might hurt the bitcoin market if the Fed keeps rising interest rates to battle inflation.
Thursday’s bitcoin market rose despite weak IT results. Bitcoin’s price soared to $21,000, pushing cryptocurrency market worth beyond $1 trillion.
The most popular meme coins were in high demand. Everyone was anticipating next week’s Federal Reserve monetary policy meeting.
One Bitcoin (BTC) has cost $20,433 to $20,999 in the last 24 hours. Bitcoin declined 1.50 percent to $20,562 at 15:00 (UTC).
- Market Cap: $2,301,623,367,570.79
- 24h Vol: $107,315,678,418.85
- BTC Dominance: 49.97%
Total cryptocurrency market worth is $1.04 trillion, down 0.12% in 24 hours and -59.56% from a year ago. Bitcoin’s (BTC) market valuation is $396 billion, or 37.98% of the total. Stablecoins account for 14.07 percent of the whole cryptocurrency market.
Twitter deal boosts Dogecoin prices 22%. In the previous twenty-four hours, $2.08 billion worth of Dogecoins were traded, representing a 200 percent increase from the previous day. Polygon is down 1.23 percent, while all other leading crypto assets are trading higher. Dogecoin increased by 15%, Shiba Inu by over 6%, and Ethereum by 4%.
$DOGE, $SHIB, Bitcoin, Crypto market, Cryptocurrencies, Ethereum, Polygon