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After the Fed’s decision to raise interest rates, the market fluctuated sharply. The total cryptocurrency Market Cap saw a total net outflow of $10.1 billion. As of September 22, it was at $907.37 billion, down 0.93% over the past 24 hours.
Bitcoin market cap fell 0.71 percent from $365.11 billion to $359.74 billion.
Meanwhile, Ethereum’s market cap also fell 4.56 percent to $155.88 billion from $164.03 billion over the past 24 hours.
The 10 cryptocurrencies with the most trading volume were virtually unchanged, with the exception of XRP, which posted a 3.13% gain over the past 24 hours. Ethereum dropped the most, down 5% in price.
Among the top three stablecoins, USD Coin (USDC) has seen its market cap drop to $49.95 billion.In contrast, Tether (USDT) and BinanceUSD (BUSD) saw slight gains – $67.97 billion and $20.53 billion, respectively.
Bitcoin
Over the past 24 hours, Bitcoin has dropped 1.65 percent to trade at $18,779. Its market dominance increased slightly to 39.42% during the period.
Bitcoin price peaked at $19,674 during this time frame, and soon followed a downward trend. Overall, Bitcoin was hit hard by the Fed raising interest rates by 75%.
Ethereum
Ethereum has dropped 5.71 percent over the past 24 hours to trade at $1,269. The level of market dominance decreased from 17.7% to 17%.
The property enjoyed some respite, briefly surpassing the $1300 mark before plummeting.
Top 5 bullish tokens
Ellipsis
EPS led gains over the past 24 hours, trading around $0.18331 – up 20.59%. Built on the Binance Smart chain, the DEX green candlestick rally was driven by the transfer of its BNBx Ellipsis LP from the Stable Group to the Cryptocurrency Group.
Celsius
CEL has recorded an 11.18% gain over the past 24 hours to trade at around $1.57 at press time. The token has seen its price rise following rumors that there is a new recovery plan to make its customers a full return.
CEEK VR
CEEK has gained 10.95% in the past 24 hours to trade at $0.15 at press time. The virtual reality affiliate token has dropped 28% in the past 30 days. It’s unclear why the token went up. Its market cap is $121.94 million.
Algorand
ALGO has gained 9.81% in the past 24 hours to trade at $0.35. The Layer 1 blockchain has gained renewed optimism after a number of improvements designed to improve its Mainnet performance by 5x. Its market cap stands at $2.44 billion.
Astar
ASTR is up 8.78% over the past 24 hours to trade at $0.038. The token was recently listed on Binance.US. Additionally, it was one of the top three traded tokens on Polkadot in the last 24 hours, with a trading volume of $4.3 million.
Top 5 bearish tokens
MXC
MXC was the biggest loser today, down 13.71% over the past 24 hours to trade at around $0.057. The utility token has dropped 20% in the past seven days. Its market cap is $151.41 million.
WIN
WIN was the second-deepest decliner in the past 24 hours, trading around $0.00010 – up 13.34% over the period. The Tron-based betting DApp was one of the biggest gainers on September 20. Its market cap stands at $96.49 million.
EOS
EOS was down 7.04% in value during the reporting period to trade at $1.20680. The token has seen a massive sell-off over the past seven days, down 16.95%. Its market cap is $1.24 billion.
SSV.network
SSV has fallen 7% in the past 24 hours to $11.52.The project recently scored a partnership with ANKR to improve eth liquidity staking. However, that did not positively affect its price.Its market cap is $115.23 million.
Voyager Token
VGX was down 6.13% to trade at $0.62. Its parent company went bankrupt and its assets are now being sold.Its market cap is $175.09 million.
>>> See also: Fed raises interest rates by 0.75%. Stocks, crypto and gold plummeted with intense volatility
