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!
Ethereum heads north by 10%
On Monday, on the Investing.com Index, Ethereum was seen at $184.47, soaring by about 10.25% on the day. Well, it turned out to be the greatest one-day percentage profit since April 2.
In fact, the move upwards managed to push Ethereum's market capitalization up to about $19.16B, which is 10.44% of the overall crypto market capitalization. By the way, at its highest value, Ethereum's market capitalization accounted for $135.58B.
For the last 24 hours, Ethereum had fluctuated in a band $173.57- $184.47.
For the last seven days, the number two crypto asset, Ethereum has seen a soar in value because it went up by up to 28.02%. By the way, the volume of Ethereum traded for the last 24 hours to time of writing amounted to $8.07B that accounts for about 13.70% of the overall volume of all crypto assets. The digital coin has fluctuated in a band $141.2880-$184.4680 for the last 7 days.
In contrast with Ethereum’s all-time peak of $1,423.20 recorded on January 13, last year, at its current value, the number two crypto asset is still down about 87.04%.
Now let’s have a look at other digital coins.
As a matter of fact, on the Investing.com Index, Bitcoin managed to reach $5,237.6, heading north by about 3.65% on the day.
In addition to this, on the Investing.com Index, XRP ended up with $0.36381, demonstrating a 3.09% leap.
Bitcoin's market capitalization was last seen at $92.31B that amounts to 50.30% of the overall crypto market capitalization, while XRP's market capitalization hit $15.12B that accounts for up to 8.24% of the overall crypto market value.
The main digital coin erased all the gains done after Elon Musk's February announcement. What are we heading into?
Ethereum crossed $3000 recently and is aiming at $3500 already. Is it taking over Bitcoin's place?
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.
Every week we expect many interesting events that can shake the market.