Crypto Market – Sept 15, 2022
On Thursday, as rate rise worries tormented investors, cryptocurrency tokens resumed their downward spiral. The recent spike in inflation has investors across the world worried about what the Federal Reserve may do at its meeting next week. A rate rise of 75 basis points is expected, but a 100 basis point increase is not out of the question.
However, the Bitcoin price remained stable at around $20,000 for the time being. Over the previous 24 hours, the price of a single Bitcoin (BTC) has fluctuated between $19,622 and $20,408. At the time of writing (09:00 UTC), one bitcoin is worth $20,158, a decrease of -1.04% from the previous trading day’s opening price.
- Market Cap: $2,492,163,528,025.97
- 24h Vol: $91,780,879,324.40
- BTC Dominance: 50.88%
The current value of the cryptocurrency market is $1.03 trillion, down 0.52 percent in the previous 24 hours and 54.71 percent from this time a year ago. The current Bitcoin (BTC) market valuation is $386 Billion, with Bitcoin controlling 37.36 percent of this total. In the meanwhile, the market cap of stablecoins is $153 billion, or 14.85% of the overall crypto market size.
On Thursday, the majority of cryptocurrency tokens traded at lower prices. Ethereum was down 1%, Polkadot and Polygon lost 2%, while Shiba Inu and Avalanche fell 3%.