CryptoSlate Daily wMarket Update – Sept. 19 CryptoSlate Daily wMarket Update – Sept. 19
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. 20, 2022 at 9:04 am UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
The total cryptocurrency market cap saw net inflows totaling $32.1 billion. As of press time, it stood at $935.61 billion, up 3.5% over the weekend.
Bitcoin’s market cap grew 3.6% over the reporting period to $370.69 billion from $357.68 billion. Meanwhile, Ethereum’s market cap was up 4.2% to $166.48 billion from $159.70 billion over the last 24 hours.
After a period of major selling, the top 10 cryptocurrencies all posted gains over the last 24 hours, with XRP leading the pack at 7.2%. Meanwhile, Polkadot brought up the rear with a 1.8% gain.
The market cap of the top three stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) — remained flat over the past 24 hours, standing at $67.93 billion, $50.12 billion and $20.51 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin was up 5% to trade at $19,400 as of press time. Market dominance rose slightly from 39.5% to 39.6% over the period.
A weekend sell-off spilled into Monday, dropping BTC to as low as $18,200. This was attributed to the market pricing in an expected 75-100 basis point hike by the Fed this week. The market leader bounced back at lunchtime (UTC) to recover Monday’s losses.
Ethereum
Ethereum grew 5% over the last 24 hours to trade at $1,357 as press time. Market dominance increased slightly from 17.5% to 17.8%.
ETH bulls brought some respite from the continual slide seen post-Merge. Price action largely mirrored that of Bitcoin, with $1,290 providing multiple continual instances of support on the hourly chart before a recovery set in on the morning of September 19.
Top 5 gainers
Pundi X
PUNDIX leads the top gainers over the last 24 hours, trading around $0.59042 as of press time — up 28% over the period. The token spiked as high as $1.06 on September 13, followed by an extreme sell-off since. Its market cap stood at $152.62 million.
Voyager Token
VGX recorded 21.94% gains over the past 24 hours to trade at around $0.73217 at press time. The token has appreciated over 160% over the last 30 days amid rumors of a buyer taking over the bankrupt platform. Its market cap stood at $203.9 million.
TerraUSD
USTC grew 16.51% over the past 24 hours and was trading at around $0.03444 at the time of publishing. The rebranded UST stablecoin, at the heart of the Terra implosion, is still yet to re-peg, despite today’s gains. Its market cap stood at $338.08 million.
ConstitutionDAO
PEOPLE is up 14% over the last 24 hours to trade at $0.02218 at the time of publishing. The project intended to purchase the original U.S Constitution at Sotheby’s but lost out to Citadel CEO Ken Griffin. It’s unclear why PEOPLE spiked today. Its market cap stood at $112.23 million.
Injective Protocol
INJ is up 12% since the last wMarket update to trade at $1.62234 at press time. The self-described layer 2 DEX is down 81% over a year. Its market cap stood at $118.44 million at the time of writing.
Top 5 losers
Fruits
FRTS is today’s biggest loser falling 9.75% over the past 24 hours to trade at around $0.01205 as of press time. The global charity initiative is down 98% from a year ago. Its market cap stood at $253.89 million.
Reef
REFF sunk 7.4% over the past 24 hours to $0.00471 at press time. The project suffered controversy involving Alameda Research in March 2021, and its price has yet to recapture its former glories pre-controversy. Its market cap stood at $94.54 million.
Toncoin
TON plunged 5.58% in value over the reporting period to trade at $1.47837. After being sued by the SEC, the Telegram project was handed over to the community. The token is down 78% over a year. Its market cap stood at $1.81 billion.
Chain
XCN 2.68% over the past 24 hours to around $0.06198 as of press time. The clod-based financial protocol continues sliding, down 29% over the last 30 days. Its market cap stood at $10.74 million.
Mentioned in this article
![Pundi X [new]](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2017/10/pundix-logo.jpg&w=16&h=16&q=75){kind=logo}
Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
Latest Bitcoin Stories
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
$3,142.62
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
![Pundi X [new]](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2017/10/pundix-logo.jpg&w=40&h=40&q=75){kind=logo}
Pundi X [new]
$0.70971
Pundi X is a leading developer of blockchain-powered devices with the aim of transforming retail businesses with its blockchain-based point of sale solution.
Voyager Token
$0.07538
The Voyager Token (VGX) rewards users within the Voyager crypto broker ecosystem.
TerraUSD
$0.01947
TerraUSD is a native Terra stablecoin pegged to the US Dollar..
ConstitutionDAO
$0.02669
ConstitutionDAO is a decentralized autonomous organization formed in November 2021 to purchase an original copy of the United States Constitution.
Injective
$25.8630
Injective is an open interoperable smart contracts platform optimized for decentralized finance applications.
Fruits
$0.00003
Fruits Eco-Blockchain Project provides an eco-friendly blockchain that aims to revitalize global charity together with athletes.
Reef
$0.00220
Reef is a smart liquidity aggregator and yield engine that enables trading with access to liquidity from both CEXs and DEXs while offering smart lending, borrowing, staking, mining through AI driven personalized Reef Yield Engine.
Toncoin
$5.38585
TON is a third-generation proof-of-stake blockchain designed in 2018 by the Durov brothers, the founders of Telegram Messenger.
