The Crypto Market fell today as the U.S. stock market fell and inflation fears rose.
CoinGabbar data shows the worldwide cryptocurrency market cap fell 0.25% to $1.11 trillion in the last 24 hours. The 24-hour crypto market volume was $73.15 billion.
The cryptocurrency market and the U.S. stock market saw big declines on Friday as the Personal Consumption Expenditures (PCE), the Federal Reserve's favored inflation gauge, reported a larger-than-anticipated price increase from the previous month.
According to the U.S. Bureau of Economic Analysis's PCE price index, the country's annual inflation rate increased to 5.4% in January from 5.3% in December. As a result, the core PCE inflation rate rose for the first time in four months, reaching 4.7%.
The global cryptocurrency market cap fall by 0.25% to $1.11 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 $73.15 billion.
Cryptoquants Derivates shows positive funding rates which means crypto will turn green in the coming hours.
BTC price has fall by 3.17% in the last 24 hours. At the time, BTC was trading at $23,175, and reject from the $24,138 mark. In the last 7 days, BTC price fall by 5.68%. Bitcoin (BTC) dominance fall from 40.58% to 40.21% while ETH dominated 21.9% of the total crypto markets.
Ethereum (ETH): Ethereum price fall by around 2.6% to $1,607 in the last 24 hours. In the last 7 days, ETH price has fall by over 5.35%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.
Solana (SOL): Solana price fall 3.45% to $23.07 in the last 24 hours. In the last 7 days, SOL price has fall by nearly 0.65%. It is currently ranked as the 12th biggest crypto asset on CoinGabbar.
Dogecoin’s (DOGE) price fall by 3.50% in the last 24 hours. DOGE is currently ranked 10th. The price of DOGE at the time of this report was $0.08105.
Polygon (MATIC) price fall by around 6.50% to $1.2605 in the last 24 hours. In the last 7 days, MATIC price has fall by around 17.78%. It is currently ranked 9th on CoinGabbar.
Shiba Inu (SHIB) fall by 4.44% in the last 24 hours to $0.00001255. It is currently ranked 15th on CoinGabbar.
Following the disclosure of the Base Layer-2 blockchain, Cathie Wood's Ark Invest buys 63,585 shares of Coinbase (COIN).
By the end of March 2023, Polygon (MATIC) plans to publish the Mainnet Beta of its zero-knowledge Ethereum Virtual Machine (zkEVM). This significant news has contributed to MATIC's outstanding 30-day growth. Before to the debut of the zkEVM, however, Ethereum (ETH) whales have been observed assembling polygon.
Since the beginning of this year, there has been a significant recovery in the cryptocurrency industry. Many cryptocurrencies have made headlines as some of them reached record highs. SingularityNET (AGIX) is one of those soaring coins, but today's buzz around it has a different source.
