Breaking News
Investing Pro 0
NEW! Get Actionable Insights with InvestingPro+ Try 7 Days Free

Total Cryptocurrency Market Cap Falls Below $900 Billion

Cryptocurrency Sep 19, 2022 07:00AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
Total Cryptocurrency Market Cap Falls Below $900 Billion
 
USDT/USD
0%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
BTC/USD
+2.08%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ETH/USD
+1.63%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
ADA/USD
+0.28%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
XRP/USD
+9.58%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 
USDC/USD
-0.01%
Add to/Remove from Watchlist
Add to Watchlist
Add Position

Position added successfully to:

Please name your holdings portfolio
 

  • Crypto market cap fell below $900 billion since 2021 February.
  • The market fails to get going since Jerome’s speech.
  • BTC floats at $18,460 while Ethereum trades at $1,294, as opposed to the expectation of experts.

The volatile nature of the cryptocurrency market saw its total market value fall below $ 1 trillion. According to CoinMarketCap, the total value of currencies in circulation stood at approx.$899 billion at the time of writing. As per the sources, the last time that the crypto market reached these levels was back in February 2021.

Jerome Powell, chair of the Federal Reserve’s speech, at the Jackson Hole economic symposium is believed to have had a great impact on the market.

Following Powell’s speech, the market US indices like the tech-focused Nasdaq and S&P500 lost about 3.9% and 3.4% respectively on a self-same day.

Meanwhile, Bitcoin took a hit of 20% in one single day last Monday selling at about $21,800 on some exchange platforms. Nonetheless, as of press time, BTC is trading at $18,445 suffering a weekly downfall of 16.9% and approx. 8% fall in the last 24 hours.

Similarly, Ethereum, the currency which is much spoken about with the Merge, is trading at $1,294 having fallen in price by 26% in 7 days and 11% in 24 hours. Specifically, not the result that experts were expecting with the Merge.

According to Market Coin Cap, Binance coin holds the fifth place, while the stablecoins, Tether, and USD Coin share the 3rd and 4th place respectively. Binance coin is trading at $258.5 with a decrease of 12.8% in 7 days and a fall of 6.8% in 24 hours. Binance USD, XRP, Cardano, Solana, and DogeCoin shared the 6th, and 7th, 8th,9th and 10th places respectively, at the time of writing.

The post Total Cryptocurrency Market Cap Falls Below $900 Billion appeared first on Coin Edition.

See original on CoinEdition

Total Cryptocurrency Market Cap Falls Below $900 Billion
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Comments (1)
gab nea
gab nea Sep 19, 2022 8:13AM ET
Saved. See Saved Items.
This comment has already been saved in your Saved Items
why would anyone buy cryptos. they are pumped and dumped every few years. no one can explain what the fundamentals are or why they go up or down! then comes the regular hackings, thefts and password losses. what a mess! and you want to gamble there? good luck!
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email