Crypto Update news 18, Sep: Altcoins in Deep Red as BTC Dominance Rise, XRP Up 5 percent.

Crypto Market in Red.

Crypto market turned red and altcoins bleed more as Btc Dominance increases. BTC taken support from $19,600 level and consolidated. The global crypto market cap continues to remain over the psychological $1 trillion level, the prices of top two coins – Bitcoin (BTC) and Ethereum (ETH) – Red.

The global cryptocurrency market cap fall by 1.2% to $0.993 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 $58.05 billion.

BTC price has fall by 1.95 % in the last 24 hours. At the time, BTC was trading at $19,700. In the last 7 days, BTC price has fall by 9.1%. Bitcoin (BTC) dominance rise by 3.2% to 38.5% while ETH dominated 19% of the total crypto markets.

Publication of the consumer price index had place. The CPI indicates an 8.3% YoY gain and a 0.1% MoM change. These numbers weren't what the cryptocurrency market was anticipating. The CPI was projected to be 8.1% YoY and -0.1% MoM. Bad news for the bitcoin market comes in the form of a low CPI.

Ethereum successfully completed its historic Merge on September 15, 2022. It is referred to as the biggest upgrade in the history of the bitcoin industry. According to ETH, Ethereum successfully transitioned to proof-of-stake consensus, formally deprecating proof-of-work. This will eventually reduce energy consumption by 99.95%.

Top Crypto Prices

Ethereum (ETH): Ethereum price fall by around 6.2% to $1375 in the last 24 hours. In the last 7 days, ETH price has fall by over 23.4%. It is currently ranked as the 2nd largest crypto asset on CoinGabbar.

Binance (BNB): Binance Chain coin’s price fall to $272, by 2.25% in the last 24 hours. In the last 7 days, BNB price has fall by over 8.5%. It is currently ranked as the 5th largest crypto asset on CoinGabbar.

XRP: XRP coin’s price rise by 4.8% to $0.3941 in the last 24 hours. In the last 7 days, XRP price has fall by nearly 8.2%. It is currently ranked as the 7th biggest crypto on CoinGabbar.

Solana (SOL): Solana price fall 4.13% to $32.10 in the last 24 hours. In the last 7 days, SOL price has fall by nearly 8.74%. It is currently ranked as the 9th biggest crypto asset on CoinGabbar.

Cardano (ADA): Cardano token’s price fall by 4.18% to $0.4657 in the last 24 hours. In the last 7 days, ADA price has fall 9.2%. It is currently ranked as the 8th biggest crypto asset on CoinGabbar.

Dogecoin’s (DOGE) price fall by 3.78% in the last 24 hours. DOGE is currently ranked 11th. The price of DOGE at the time of this report was $0.05979.

Price of Polkadot (DOT) fall by 4.49% in the last 24 hours to $6.79. Avalanche (AVAX) price fall by nearly 3.14% to $17.83 in the last 24 hours. Both DOT and AVAX are currently ranked 10th and 16th respectively on CoinGabbar.

Polygon (MATIC) price fall by around 4.41% to $0.7915 in the last 24 hours. In the last 7 days, MATIC price has fall by around 12.8%.  It is currently ranked 14th on CoinGabbar.

Shiba Inu (SHIB) fall by 4.45% in the last 24 hours to $0.00001140. It is currently ranked 12th on CoinGabbar.