On Monday, cryptocurrency markets were neutral ahead of significant inflation data later in the day. Bitcoin, XRP, Cardano, and Polygon were all up, while Ethereum, BNB, Solana, and Shiba Inu were down. Bitcoin (BTC) gained 0.28% to $25,864, while Ethereum (ETH) fell below $1,750. The crypto market has yet to react to the US Federal Reserve’s decision to pause rate hikes.” “It is important to note that the US Fed has increased interest rates by 500 basis points since it began its war on inflation, preventing the economy from slipping into a possible recession. The crypto market may react favourably to the latest rate hike news in the coming weeks, but the true relief will come if interest rates are reduced to increase market liquidity. The worldwide cryptocurrency market cap was trading around $1.05 trillion lower, down 0.12% in the last 24 hours. Over the weekend, crypto markets saw heavy selling pressure. The crypto fear and greed index has remained in the neutral zone with a score of 47 points since yesterday. This could be related to the SEC’s ongoing actions against Binance and Coinbase, which have resulted in a massive outflow of deposits from these exchanges. The overall volume in DeFi is currently 1.9 billion, accounting for 7% of the entire 24-hour volume in the crypto market. The overall volume of all stablecoins is now $25.15 billion, accounting for 94% of the total 24-hour volume of the crypto market. Bitcoin, the world’s largest cryptocurrency, had a market cap of roughly $501 billion. BTC volume was around $11.55 billion, down 24% in the last 24 hours. According to CoinMarketCap, Bitcoin presently has a 47% market share, up 0.21% from the previous day.
Cryptocurrency Price Today
Bitcoin Price Today | $25,864
Ethereum Price Today | $1,741
Tether Price Today | $1.00
BNB Price Today | $225
XRP Price Today | $0.514
Cardano Price Today | $0.2764
Dogecoin Price Today | $0.6084
Polygon Price Today | $0.6328
Solana Price Today | $15.19
Litecoin Price Today | $76.44
Polkadot Price Today | $4.5
Tron Price Today | $0.06982
Avalanche Price Today | $11.43
Shiba Inu Price Today | $0.000006584