September 29, 2022

Bitcoin exchange rate collapsed by 9% per day

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As on September 14, 2022, Bitcoin (BTC) was trading at $20,374, which is almost 9% lower than the same indicator a day ago. At the same time, the capitalization of the virtual asset decreased to $390.17 billion. Trading volumes provided by traders amounted to $50.87 billion over the past 24 hours.

Numerous analysts said that such a sharp drop in prices is due to the US Consumer Price Index (CPI), which added 0.6% compared to the previous month, which indicates the negative consequences of the impact of inflation on the state’s economy. According to analysts, it is important that the value of the flagship cryptocurrency stay above the $20,000 mark, otherwise the fall will continue and the BTC price may drop to new local lows.

The total capitalization of the crypto market amounted to $1.04 trillion, which is 6.2% lower than the same figures a day ago. Almost all digital currencies have lost value over the past 24 hours. So the second virtual currency ether (ETH) fell by 5.82%. It was trading at $1,616 and had a total coin supply of $197.99 billion. Market participants have traded $23.5 billion in the last 24 hours.

As for Binance Coin (BNB), it became cheaper by 3.9%. Cryptocurrency could be purchased for $281.3. Its market capitalization was fixed at $45.38 billion, and trading volumes for the day amounted to $1.13 billion.

Solana (SOL) suffered the most out of the top 10. It decreased by 12.21%. The digital currency was available for purchase at $33.78. The total supply of coins amounted to $11.94 billion. The volume of daily transactions in the market was $1.67 billion.

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