Crypto Market – October 3, 2022

Following a weekend recovery, cryptocurrency markets remain in the red on Monday, bringing to mind inflation and recession worries from September. The cryptocurrency market performed similarly to the stock market as fears grew.

Bitcoin’s price has been rather stable recently, hovering around $19,000, but that may change later today when the US Federal Reserve holds an emergency meeting. Over the previous 24 hours, the price of one Bitcoin (BTC) has fluctuated between $18,922 and $19,340. Bitcoin (BTC) is trading at $19,195, a decrease of -0.43% as of 9:00 AM (UTC) today.

  • 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 $967 Billion, down 0.33% in 24 hours and -56.45% in a year. Bitcoin’s market valuation is $368 billion, indicating 38.1% domination. Stablecoins have a $150 billion market value and 15.47% of the crypto market cap.

After positive developments in Ripple’s legal lawsuit against the US SEC, XRP has dropped 7.5% to $0.44 today. Ethereum, Cardano, Solana, Dogecoin, Polkadot, Shiba Inu, MATIC, Tron, and Avalanche are all slightly down. Only Binance Coin is in the green among the top 10.

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