Bitcoin (BTC) and Ethereum (ETH), the world’s most valued and second-most valued cryptocurrencies, discovered themselves within the reds following a US Federal Reserve rate of interest hike for the third consecutive time this yr. Different widespread altcoins, together with the likes of Dogecoin (DOGE), Litecoin (LTC), and Solana (SOL), registered notable dips as nicely. Amongst lesser-known altcoins, the Celsius (CEL) token emerged to be the largest gainer within the final 24 hours, whereas the EOS (EOS) token turned out to be the largest loser.
On the time of writing, the worldwide crypto market cap stood at $906.58 billion, marking a 2.14 p.c dip within the final 24 hours, as per CoinMarketCap information.
Bitcoin (BTC) value right now
Bitcoin value stood at $18,374, seeing a 24-hour dip of 1.44 p.c, as per CoinMarketCap. As per Indian alternate WazirX, BTC value stood at Rs 15.99 lakhs.
Ethereum (ETH) value right now
ETH value stood at $1,263.47, marking a 24-hour dip of 5.63 p.c on the time of writing. As per WazirX, Ethereum value in India stood at Rs 1.08 lakhs.
Dogecoin (DOGE) value right now
DOGE registered a 24-hour dip of three.01 p.c as per CoinMarketCap information, at present priced at $0.05742. As per WazirX, Dogecoin value in India stood at Rs 4.88.
Litecoin (LTC) value right now
Litecoin noticed a 24-hour lack of 1.21 p.c. On the time of writing, it was priced at $51.75. LTC value in India stood at Rs 4,430.
Ripple (XRP) value right now
XRP value stood at $0.4023, seeing a 24-hour dip of 0.84 p.c. As per WazirX, Ripple value stood at Rs 33.21.
Solana (SOL) value right now
Solana value stood at $30.94, marking a 24-hour dip of two.75 p.c. As per WazirX, SOL value in India stood at Rs 2,690.
Prime crypto gainers right now (September 22)
As per CoinMarketCap information, listed below are the highest 5 crypto gainers over the previous 24 hours:
Celsius (CEL)
Value: $1.57
24-hour acquire: 8.36 p.c
Algorand (ALGO)
Value: $0.3497
24-hour acquire: 7.49 p.c
Chiliz (CHZ)
Value: $0.2433
24-hour acquire: 5.10 p.c
Uniswap (UNI)
Value: $5.62
24-hour acquire: 4.40 p.c
Ravencoin (RVN)
Value: $0.04156
24-hour acquire: 3.25 p.c
Prime crypto losers right now (September 22)
As per CoinMarketCap information, listed below are the highest 5 crypto losers over the previous 24 hours:
EOS (EOS)
Value: $1.19
24-hour loss: 11.30 p.c
Curve DAO Token (CRV)
Value: $0.8818
24-hour loss: 7.13 p.c
Terra Traditional (LUNC)
Value: $0.0002813
24-hour loss: 6.87 p.c
Terra (LUNA)
Value: $2.54
24-hour loss: 6.84 p.c
Ethereum (ETH)
Value: $1,265.98
24-hour loss: 5.53 p.c
What crypto exchanges are saying in regards to the present market state of affairs
Mudrex co-founder and CEO Edul Patel informed ABP Stay, “Bitcoin, Ethereum, and most cryptocurrencies slid decrease late Wednesday after the Federal Reserve raised rates of interest by 75 foundation factors, marking the third consecutive time this yr. Though Bitcoin rebounded to $19,500 earlier within the day, it once more fell to the $18,500 stage as bears grew to become extra highly effective with rising promoting stress. If BTC can maintain above the $19,000 stage, we may even see upward development. The second largest crypto, Ethereum, was seen altering arms above the $1,200 stage. The value of ETH has been dipping for the reason that Merge occurred as miners proceed to dump their ETH available in the market coupled with macroeconomic elements. If the promoting stress from miners will increase, ETH is more likely to fall under the $1,000 stage.”
Sathvik Vishwanath, CEO and co-founder of Unocoin mentioned, “The slight bullishness seen on Tuesday has stripped away as quickly because it got here, as by the top of Wednesday near 40 p.c of the highest 100 cash and tokens ended within the crimson zone with a mean fall of 1-3 p.c, whereas, remainder of the cash and tokens gained a mean of 2-5 p.c in final 24 hours. Ethereum-based token CEL gained roughly 10 p.c within the final 24 hours and misplaced 6.5 p.c within the final 7 days. This type of volatility was anticipated after the merger and extra of such might be anticipated within the upcoming week as nicely.”
weTrade founder Prashant Kumar supplied his take in the marketplace state of affairs as nicely, “Crypto markets have been uneven as they reacted to the US Federal Reserve’s choice to hike rates of interest by 0.75 proportion factors. With the information, the worldwide crypto market fell under expectations to $900 billion. In the meantime, throughout Asia buying and selling hours, Bitcoin was buying and selling at $18,500 and Ethereum at $1,250, a decline of two.4% and 6.2%, respectively, within the final 24 hours. Different cryptocurrencies together with Solana, Cardano, and Terra Traditional noticed the same fall. The development additionally showcases the connection between the worldwide inventory markets and crypto markets which can be reacting equally to the rate of interest hikes.”
Disclaimer: Crypto merchandise and NFTs are unregulated and might be extremely dangerous. There could also be no regulatory recourse for any loss from such transactions. Cryptocurrency just isn’t a authorized tender and is topic to market dangers. Readers are suggested to hunt knowledgeable recommendation and skim provide doc(s) together with associated vital literature on the topic fastidiously earlier than making any type of funding in any way. Cryptocurrency market predictions are speculative and any funding made shall be on the sole value and danger of the readers.
