Crypto Market – Sept 27, 2022

Despite taking a beating for over a week, cryptocurrency tokens were trading significantly higher on Tuesday. Bitcoin’s price surpassed $20,000, while Ethereum’s saw gains for the first time since the Merge.

However, economists are concerned that the rebound might be temporary, amid the macroeconomic turmoil and growing worries of recession.

On the previous day, Bitcoin (BTC) fluctuated in price between $18,799 and $20,355. BTC is now trading at $20,148 (a rise of 4.47% 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 cap is $1.01 Trillion, down -49.21% in a year. Bitcoin’s market valuation is $388 billion, or 38.35% of the total. Stablecoins have a $152 billion market worth and 15.01% of the crypto market cap.

On Tuesday, the prices of major cryptocurrencies spiked. Solana’s price increased by 8%, while Ethereum and Polkadot both gained 6%. Polkadot and Avalanche, on the other hand, rose 4%.

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$AVAX, $SOL, Bitcoin, Crypto market, Ethereum, Polkadot, Polygon

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