CryptoSlate Daily wMarket Update – Sept. 21: Top 10 tumble after Fed rate hike, XRP bucks trend CryptoSlate Daily wMarket Update – Sept. 21: Top 10 tumble after Fed rate hike, XRP bucks trend
The wMarket Update condenses the most important price movements in the crypto markets over the last 24 hours, published 08:00 UTC on weekdays.
3 min read
Updated: Sep. 22, 2022 at 9:11 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The total cryptocurrency market cap saw net outflows totaling $10.1 billion. As of press time, it stood at $907.37 billion, down 0.93% over the last 24 hours.
Bitcoin’s market cap fell 0.71% over the reporting period to $359.74 billion from $365.11 billion. Meanwhile, Ethereum’s market cap was also down 4.56% to $155.88 billion from $164.03 billion over the last 24 hours.
The top 10 cryptocurrencies traded mostly flat, except XRP, which posted 3.13% gains over the last 24 hours. Ethereum was the biggest loser, down 5% in price.
Among the top three stablecoins, USD Coin (USDC) saw its market cap decline to $49.95 billion. In contrast, Tether (USDT) and BinanceUSD (BUSD) saw slight gains — standing at $67.97 billion and $20.53 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin declined 1.65% to trade at $18,779 as of press time. Its market’s dominance rose slightly to 39.42% over the period.
Bitcoin’s price peaked at $19,674 during this time frame. Since then, the flagship cryptocurrency has been trending downwards.
The asset’s performance was heavily influenced by the Fed hiking interest rate by 75bps.
Ethereum
Ethereum fell 5.71% over the last 24 hours to trade at $1,269 as of press time. Market dominance decreased from 17.7% to 17%.
The asset enjoyed some respite, briefly breaking above the $1300 mark before a sharp decline.
Top 5 Gainers
Ellipsis
EPS lead the top gainers over the last 24 hours, trading around $0.18331 as of press time — up 20.59%. Built on the Binance Smart chain, the DEX green candle surge was pushed by the migration of its BNBx Ellipsis LP from Stable pool to Crypto Pool.
Celsius
CEL recorded 11.18% gains over the past 24 hours to trade at around $1.57 at press time. The token saw its price rise on the back of rumors that there is a new recovery plan to make its customers whole again.
CEEK VR
CEEK rose 10.95% in the last 24 hours to trade at $0.15 at press time. The virtual reality-linked token had declined 28% over the last 30 days. It was unclear why the token was rising. Its market cap stood at $121.94 million.
Algorand
ALGO grew 9.81% over the last 24 hours to trade at $0.35 at press time. The layer1 blockchain has enjoyed renewed optimism after several improvements designed to improve its mainnet performance by 5x. Its market cap stood at $2.44 billion.
Astar
ASTR is up 8.78% over the last 24 hours to trade at $0.038 as of press time. The token was recently listed on Binance.US. Apart from that, it is one of the top three traded tokens on Polkadot over the last 24 hours, with a trading volume of $4.3 million.
Top 5 Losers
MXC
MXC is today’s biggest loser falling 13.71% over the past 24 hours to trade at around $0.057 as of press time. The utility token has shed 20% in the last seven days. Its market cap stood at $151.41million.
WINk
WIN is the second-biggest loser over the last 24 hours, trading around $0.00010 as of press time — up 13.34% over the period. The Tron-based betting dApp was one of the biggest gainers on Sept 20. Its market cap stood at $96.49 million.
EOS
EOS plunged 7.04% in value over the reporting period to trade at $1.20680. The token has witnessed a massive sell-off over the last seven days, declining 16.95%. Its market cap stood at $1.24 billion.
SSV.network
SSV sunk 7% over the past 24 hours to $11.52. The project recently scored a partnership with ANKR to improve ETH liquidity staking. However, that has not positively impacted its price. Its market cap stood at $115,23 million as of press time.
Voyager Token
VGX shed 6.13% of its value to trade at $0.62 at press time. Its parent company is bankrupt, and its asset is currently up for sale. Its market cap stood at $175.09 million.
Mentioned in this article
Bitcoin 
Ethereum 
Tether 
USD Coin 
Binance USD 
EOS 
ssv.network 
Voyager Token 
Wink 
Moonchain 
CEEK VR 
Astar 
Algorand 
Celsius 
Ellipsis 
Polkadot 
Ankr Posted In: Wrapped
Author 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
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In this article
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
Ethereum
$3,302.35
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
Tether
$1.00116
Launched in 2014, Tether is a blockchain-enabled platform designed to facilitate the use of fiat currencies in a digital manner.
USD Coin
$0.99998
USD Coin (USDC) is a stablecoin fully backed by the US dollar and developed by the CENTRE consortium.
Binance USD
$1.00135
BUSD is a stablecoin issued by Paxos in partnership with Binance..
EOS
$0.72619
EOS is a blockchain protocol that enables horizontal scaling of decentralized applications, allowing developers to efficiently create high performance distributed applications..
ssv.network
$19.8370
ssv.network is a decentralized staking infrastructure that powers the distributed operation of Ethereum validators through a unique protocol known as Secret Shared Validators (SSV).
Voyager Token
$0.09413
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
Moonchain
$0.00529
MXC is a Utility Token, also commonly referred to as an Internet of Things (IoT) Token.
Astar
$0.06530
Astar Network is a dApp hub on Polkadot that supports Ethereum, WebAssembly, and layer 2 solutions like ZK Rollups.
Algorand
$0.24322
Algorand removes the technical barriers that for years undermined mainstream blockchain adoption: decentralization, scale, and security.
Celsius
$0.22632
Celsius Network is a P2P decentralized lending & borrowing platform.
Ellipsis
$0.02244
Ellipsis is a decentralized exchange, and an authorized fork of Curve Finance on BNB chain that generally solves 3 problems: It offers efficient, well priced swaps.
Polkadot
$6.33326
Polkadot development is on track to deliver the most robust platform for security, scalability, and innovation.
Ankr
$0.03332
Ankr strives to build a resource-efficient blockchain framework that truly enables Distributed Cloud Computing (DCC) and provides user-friendly infrastructure for business applications.