Cryptocurrency Prices Today: After Crash, BTC, ETH, SOL, ADA, DOT,
- The global crypto market cap increased by 2.87%, with BTC breaching $30,000, signaling a market recovery after the recent crash.
- Bitcoin, Ethereum, and Solana lead the market recovery, while experts predict a cautious outlook amid ongoing economic challenges.
- Despite short-term gains, the crypto market remains volatile as it closely mirrors Wall Street's risk-off sentiment following Fed rate hike news.
Cryptocurrency Market Recovers: BTC Breaches $30,000 Mark
The global crypto market cap recovered 2.87% in the last 24 hours. At the time of writing, the global crypto market cap was $1.29 trillion, as per data on CoinGabbar. Bitcoin price has also breached the $30,000 barrier, reaching $30,216 at the time of writing.
The global cryptocurrency market volume over the last 24 hours decreased by 0.45% to $81.8billion. The total volume in DeFi was $7.41 billion, which is 9.03% of the total crypto market 24-hour volume. Stable coins volume was $72.78 billion, which is 88.84% of the total crypto market 24-hour volume.
Bitcoin price increased by 3.32 per cent in the last 24 hours. Meanwhile, Bitcoin’s dominance as the top crypto asset increased by 0.15% to 43.63% over the day. Overall Bitcoin price has decreased by 1.45% in the last 7 days.
Even though Bitcoin and several other big altcoins have recovered some of their lost value in the last day, experts believe that the crypto markets will not rebound quickly.
Bitcoin, Ethereum, and other cryptocurrencies moved in lockstep with the stock market. The pessimistic feeling on Wall Street has also spread to the cryptocurrency markets. Markets reacted by taking a risk-off approach just a day after US Federal Reserve Chairman Jerome Powell stated how the 50-basis point rate hikes will continue to manage inflation.
Top Crypto Rates
Ethereum (ETH): Ethereum price increased by 3.44% to $2021 in the last 24 hours. In the last 7 days, the ETH price has decreased by 2.68%. Ranked 2th according to CoinGabbar.
Binance (BNB): Binance coin’s price increased by 4.39% to $308 in the last 24 hours. In the last 7 days, BNB's price has increased by 0.85%. Ranked 5th according to CoinGabbar.
XRP: XRP coin’s price decreased by 6.01% to $0.435 in the last 24 hours. In the last 7 days, the XRP price has decreased by 2.02%. Ranked 6th according to CoinGabbar.
Solana (SOL): Solana price increased by 1.53% to $51.72 in the last 24 hours. In the week, the SOL price increased by 2.68%. Ranked 9th according to CoinGabbar.
Cardano (ADA): Cardano token’s price increased by 2.36% to $0.5331 In the last 24 hours. In the last 7 days, ADA price has decreased by 1.52%. Ranked 8th according to CoinGabbar.
Popular memecoin Dogecoin’s (DOGE) price dropped by 2.59% in the last 24 hours. Ranked 10th according to CoinGabbar.
Meanwhile, prices of Polkadot (DOT) and Avalanche (AVAX) increased by 2.71 and 0.35 per cent in the last 24 hours respectively. Ranked 11th and 14th according to CoinGabbar.
Polygon (Matic) price increased by 2.53% to 0.6535 in the last 24 hours. Ranked 21th according to CoinGabbar.
