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CryptoSlate Daily wMarket Update – Sept. 20: Markets on edge as Fed rate decision due today CryptoSlate Daily wMarket Update – Sept. 20: Markets on edge as Fed rate decision due today
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 7:49 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 $15.5 billion. As of press time, it stood at $920.11 billion, down 1.7% over the last 24 hours.
Bitcoin’s market cap fell 1.5% over the reporting period to $365.11 billion from $370.69 billion. Meanwhile, Ethereum’s market cap was also down 1.5% to $164.03 billion from $166.48 billion over the last 24 hours.
After yesterday’s gains, the top 10 cryptocurrencies are trading mostly flat with a sell-side bias today. The notable exception was XRP, which posted 8% gains over the last 24 hours. Shiba Inu was the biggest loser, down 3% in price.
The market cap of the top three stablecoins — Tether (USDT), USD Coin (USDC), and BinanceUSD (BUSD) — saw slight gains over the period, standing at $67.97 billion, $50.16 billion and $20.51 billion, respectively.
Bitcoin
Over the last 24 hours, Bitcoin was down 2% to trade at $18,900 as of press time. Market dominance rose slightly from 39.3% to 39.4% over the period.
Following a weekend sell-off, late Monday evening (UTC) saw BTC peak at $19,700. Since then, the leading cryptocurrency has been trending downwards, with the zone around $18,700 providing support.
Going into Wednesday, BTC is trading within a narrow band between $18,800 and $19,100, with a retest of local support looking imminent.
The FOMC meeting concludes today, with markets poised on the interest rate decision.
Ethereum
Ethereum fell 1.9% over the last 24 hours to trade at $1,331 as press time. Market dominance decreased slightly from 17.8% to 17.7%.
ETH bulls peaked the price at $1,385 early Tuesday evening (UTC). However, the price has since been on the slide, with the $1,315 level providing support. Like BTC, a retest of local support looks imminent.
Top 5 gainers
WINk
WIN leads the top gainers over the last 24 hours, trading around $0.00012 as of press time — up 18.5% over the period. The Tron-based betting dApp is down 96% from its April 2021 ATH. It’s unclear why the token pumped today. Its market cap stood at $111.74 million.
Braintrust
BTRST grew 9.3% over the past 24 hours and was trading at around $2.32794 at the time of publishing. It’s unclear why the decentralized “talent network” pumped today. Its market cap stood at $279.01 million.
XRP
XRP recorded 7.6% gains over the past 24 hours to trade at around $0.39280 at press time. The token is up 18% over the last month, and its market cap stood at $19.58 billion. With a “summary judgment” being filed recently, some expect the SEC vs. Ripple lawsuit to conclude soon.
Chain
XCN is up 5.4% over the last 24 hours to trade at $0.06527 at the time of publishing. This token was in yesterday’s top five losers list. Its market cap stood at $1.4 billion.
Status
SNT is up 4.3% since the last wMarket update to trade at $0.02902 at press time. Its market cap stood at $100.72 million at the time of writing.
Top 5 losers
Ellipsis
EPS is today’s biggest loser falling 18.9% over the past 24 hours to trade at around $0.15189 as of press time. The Binance Smart Chain-based stablecoin exchange is down 88% over a year. Its market cap stood at $253.89 million.
Pundi X
PUNDIX sunk 13.98% over the past 24 hours to $0.50212 at press time. The project is currently suffering high volatility to both upside and downside swings. It’s unclear what is behind this. Its market cap stood at $129.79 million.
Chiliz
CHZ plunged 11.6% in value over the reporting period to trade at $0.22408. Despite today’s sell-off, the token remains up 16% over the last seven days. Its market cap stood at $1.34 billion.
Cosmos
ATOM is down 11.4% over the past 24 hours to around $13.7778 as of press time. There have been no new significant developments recently. The token price is still up 21% over the last month. Its market cap stood at $3.95 billion.
Energy Web Token
EWT declined by 6.98% to trade at $3.90546. The Proof-of-Authority (PoA) Ethereum Virtual Machine blockchain supports enterprise-grade applications in the energy sector. Its market cap was $117.41 million at press time.
Mentioned in this article
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Author 
Samuel Wan
Samuel Wan, a finance professional turned full-time crypto content creator, values individual autonomy and personal freedom in his pursuits.
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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
$3,478.65
Ethereum is a decentralized, open-source blockchain platform that enables the creation of smart contracts and decentralized applications (DApps).
WINk
$0.00011
WINk (formerly TRONBet) is a betting DApp based on the TRC20 WIN token.
Braintrust
$0.41010
Braintrust is the first decentralized talent network that connects skilled, vetted knowledge workers with the world’s leading companies.
XRP
$2.30555
The XRP Ledger is a decentralized cryptographic ledger powered by a network of peer-to-peer servers.
Status
$0.04262
Status is a free and open source mobile client targeting Android & iOS built, entirely on Ethereum technologies..
Ellipsis
$0.02251
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.
![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]
$0.44510
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.
Chiliz
$0.09017
Chiliz (CHZ) is a digital currency for sports and entertainment platforms.
Cosmos
$6.97359
Cosmos is a blockchain ecosystem where thousands of dApps interoperate to create the foundation for a new token economy.
Energy Web Token
$1.51171
Energy Web Token (EWT) is the native token of the Energy Web Chain, a public, Proof-of-Authority Ethereum Virtual Machine blockchain specifically designed to support enterprise-grade applications in the energy sector.