Crypto Market Remains Red
After the Federal Open Market Committee (FOMC) minutes of the U.S. central bank were revealed, the Crypto Markets were stirred but not rocked. They decreased little, increased slightly, and stayed in the red.
Bitcoin was down 1.11% over the last 24 hours and was trading at $24,182. In the immediate wake of the FOMC report, the largest cryptocurrency by market capitalization fell to nearly $23,500. The report noted slowing growth, which was good news for investors hoping for a more bearish Federal Reserve monetary policy. However, it also contained information indicating that inflation and the possibility of a severe recession still existed, which pleased monetary hawks.
The global cryptocurrency market cap fall by 0.09% to $1.15 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $83.4 billion.
Cryptoquants Derivates shows positive funding rates which means crypto will turn green in the coming hours.
BTC price has fall by 1.11% in the last 24 hours. At the time, BTC was trading at $24,182, and bounce from the $23,574 mark. In the last 7 days, BTC price has rise by 9.08%. Bitcoin (BTC) dominance rise from 40.54% to 40.58% while ETH dominated 21.9% of the total crypto markets.
Top Crypto Prices
Ethereum (ETH): Ethereum price fall by around 0.92% to $1,643 in the last 24 hours. In the last 7 days, ETH price has rise by over 5.78%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.
Solana (SOL): Solana price fall 3.27% to $24.16 in the last 24 hours. In the last 7 days, SOL price has rise by nearly 10.52%. It is currently ranked as the 12th biggest crypto asset on CoinGabbar.
Dogecoin’s (DOGE) price rise by 0.05% in the last 24 hours. DOGE is currently ranked 11th. The price of DOGE at the time of this report was $0.08550.
Polygon (MATIC) price fall by around 0.53% to $1.3956 in the last 24 hours. In the last 7 days, MATIC price has rise by around 10.97%. It is currently ranked 9th on CoinGabbar.
Shiba Inu (SHIB) fall by 0.64% in the last 24 hours to $0.00001315. It is currently ranked 15th on CoinGabbar.
Major Events
Since FLOW is a private blockchain provided and maintained by Dapper Labs, its inventor, the judge decides that NBA Top Shot NFTs are securities.
Following a recent rally among the enthusiasm surrounding AI tokens, The Graph (GRT) cryptocurrency may have more room for another rally in the near future.
The cryptocurrency exchange CoinEx was charged with breaking the law on company registration with the government.
The SEC complaint has long debated Ripple (XRP) On Demand Liquidity. In recent years, Ripple has exclusively used XRP for cross-border payments, which is not considered an investment. The XRP crypto community is debating Ripple's odds of prevailing while awaiting the SEC summary judgement. The SEC increased its crypto crackdown, which may continue.
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