Did the era of the Dogecoin, the most famous cryptocurrency, come to its end, or it is just a calm before the storm? Let’s find out!
Bitcoin overleaps 5,512.9
On Tuesday, Bitcoin managed to overleap the $5,512.9 mark.
As a matter of fact, the number one cryptocurrency, Bitcoin hit 5,512.9 on the Investing.com Index, heading north by up to 5.16%. The given reading happened to be the most impressive one-day percentage ascend since April 2.
In fact, the move upwards pushed Bitcoin's market capitalization up hitting $94.3B, which appears to be 52.12% of the overall crypto market capitalization. By the way, at its highest value, this digital coin’s market capitalization accounted for $241.2B.
For the last 24 hours, Bitcoin had fluctuated in a band of $5,291.4-$5,573.3.
For the last week, Bitcoin has faced an ascend in value, so it tacked on by about 4.83%. Eventually, the overall volume of Bitcoin traded for the twenty-four hours to time of writing amounted to $13.2B that stands for 31.69% of the overall volume of all digital coins. For the last week, the most popular crypto asset has fluctuated in a band of $5,165.5171-$5,573.3140.
By the way, at its current value, the most popular digital currency is still down 72.26% from its all-time peak of $19,870.62, which was achieved on December 17, 2017.
In addition to this, on the Investing.com Index, Ethereum hit $175.11, soaring by up to 3.44% on the day.
Aside from that, on the Investing.com Index, XRP was worth $0.32560, thus demonstrating a 0.22% leap.
As for Ethereum's market capitalization, last it amounted to $18.4B, which stands for 10.17% of the overall crypto market capitalization. Additionally, XRP's market capitalization managed to reach an outcome of $13.9B, which amounts to up to 7.67% of the overall cryptocurrency market value.
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Main news that will drive the market in the upcoming week include CB Consumer Confidence Index, Canadian GDP, and US Core PCE Price Index
The Federal Reserve (Fed) will announce its Interest Rate Decision and make a statement about the future monetary policy on Wednesday, September 21, GMT+3. After the higher-than-expected inflation numbers published on September 13, there’s almost no doubt the Federal Reserve will come up with another 75-basis-point rate hike. However, surprised by the CPI numbers, several Fed members announced the possibility of a 100-basis-point rate hike on Wednesday.