CryptoSlate Daily wMarket Update – Sept. 20: Markets on edge as Fed rate decision due today

2 years ago

The full cryptocurrency marketplace headdress saw nett outflows totaling $15.5 billion. As of property time, it stood astatine $920.11 billion, down 1.7% implicit the past 24 hours.

Bitcoin’s marketplace headdress fell 1.5% implicit the reporting play to $365.11 cardinal from $370.69 billion. Meanwhile, Ethereum’s marketplace headdress was besides down 1.5% to $164.03 cardinal from $166.48 cardinal implicit the past 24 hours.

After yesterday’s gains, the apical 10 cryptocurrencies are trading mostly level with a sell-side bias today. The notable objection was XRP, which posted 8% gains implicit the past 24 hours. Shiba Inu was the biggest loser, down 3% successful price.

Top 10 cryptosSource: CryptoSlate.com

The marketplace headdress of the apical 3 stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) — saw flimsy gains implicit the period, lasting astatine $67.97 billion, $50.16 cardinal and $20.51 billion, respectively.

Bitcoin

Over the past 24 hours, Bitcoin was down 2% to commercialized astatine $18,900 arsenic of property time. Market dominance roseate somewhat from 39.3% to 39.4% implicit the period.

Following a play sell-off, precocious Monday evening (UTC) saw BTC highest astatine $19,700. Since then, the starring cryptocurrency has been trending downwards, with the portion astir $18,700 providing support.

Going into Wednesday, BTC is trading wrong a constrictive set betwixt $18,800 and $19,100, with a retest of section enactment looking imminent.

The FOMC gathering concludes today, with markets poised connected the involvement complaint decision.

Bitcoin chartSource: TradingView.com

Ethereum

Ethereum fell 1.9% implicit the past 24 hours to commercialized astatine $1,331 arsenic property time. Market dominance decreased somewhat from 17.8% to 17.7%.

ETH bulls peaked the terms astatine $1,385 aboriginal Tuesday evening (UTC). However, the terms has since been connected the slide, with the $1,315 level providing support. Like BTC, a retest of section enactment looks imminent.

Ethereum chartSource: TradingView.com

Top 5 gainers

WINk

WIN leads the apical gainers implicit the past 24 hours, trading astir $0.00012 arsenic of property clip — up 18.5% implicit the period. The Tron-based betting dApp is down 96% from its April 2021 ATH. It’s unclear wherefore the token pumped today. Its marketplace headdress stood astatine $111.74 million.

Braintrust

BTRST grew 9.3% implicit the past 24 hours and was trading astatine astir $2.32794 astatine the clip of publishing. It’s unclear wherefore the decentralized “talent network” pumped today. Its marketplace headdress stood astatine $279.01 million.

XRP

XRP recorded 7.6% gains implicit the past 24 hours to commercialized astatine astir $0.39280 astatine property time. The token is up 18% implicit the past month, and its marketplace headdress stood astatine $19.58 billion. With a “summary judgment” being filed recently, immoderate expect the SEC vs. Ripple suit to reason soon.

Chain

XCN is up 5.4% implicit the past 24 hours to commercialized astatine $0.06527 astatine the clip of publishing. This token was successful yesterday’s apical 5 losers list. Its marketplace headdress stood astatine $1.4 billion.

Status

SNT is up 4.3% since the past wMarket update to commercialized astatine $0.02902 astatine property time. Its marketplace headdress stood astatine $100.72 cardinal astatine the clip of writing.

Top 5 losers

Ellipsis

EPS is today’s biggest loser falling 18.9% implicit the past 24 hours to commercialized astatine astir $0.15189 arsenic of property time. The Binance Smart Chain-based stablecoin speech is down 88% implicit a year. Its marketplace headdress stood astatine $253.89 million.

Pundi X

PUNDIX sunk 13.98% implicit the past 24 hours to $0.50212 astatine property time. The task is presently suffering precocious volatility to some upside and downside swings. It’s unclear what is down this. Its marketplace headdress stood astatine $129.79 million.

Chiliz

CHZ plunged 11.6% successful worth implicit the reporting play to commercialized astatine $0.22408. Despite today’s sell-off, the token remains up 16% implicit the past 7 days. Its marketplace headdress stood astatine $1.34 billion.

Cosmos

ATOM is down 11.4% implicit the past 24 hours to astir $13.7778 arsenic of property time. There person been nary caller important developments recently. The token terms is inactive up 21% implicit the past month. Its marketplace headdress stood astatine $3.95 billion.

Energy Web Token

EWT declined by 6.98% to commercialized astatine $3.90546. The Proof-of-Authority (PoA) Ethereum Virtual Machine blockchain supports enterprise-grade applications successful the vigor sector. Its marketplace headdress was $117.41 cardinal astatine property time.

The station CryptoSlate Daily wMarket Update – Sept. 20: Markets connected borderline arsenic Fed complaint determination owed today appeared archetypal connected CryptoSlate.

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