Crypto Update news 26, Sep: High Volatility in Crypto Market.

[Coin_Gabbar]

Crypto Market in Red.
The Crypto market faced high volatility by bulls and bears and it remains red, consolidating in tight range at support level of $19,000 – 18,500. Bitcoin facing resistance from 10MA and 21MA in daily TF. The global crypto market cap continues down to the psychological $1 trillion level, the prices of top two coins – Bitcoin (BTC) and Ethereum (ETH) – remain Red.

The global cryptocurrency market cap fall by 0.4% to $0.965 trillion in the last 24 hours, according to CoinGabbar data at the time of writing. The total crypto market volume over the last 24 hours was $94.15 billion.

BTC price has fall by 0.77 % in the last 24 hours. At the time, BTC was trading at $19,074. In the last 7 days, BTC price has fall by 2.38%. Bitcoin (BTC) dominance rise from 37.53% to 37.74 % while ETH dominated 18.20% of the total crypto markets.

The Federal Reserve has determined when interest rates will be increased once more. A 75 basis point rise in interest rates was approved by the Federal Open Market Committee with a 12-0 majority. Both Bitcoin and Ethereum fell along with the rest of the cryptocurrency market when the Fed's rate hike was announced.

Ethereum successfully completed its historic Merge on September 15, 2022. It is referred to as the biggest upgrade in the history of the bitcoin industry. According to ETH, Ethereum successfully transitioned to proof-of-stake consensus, formally deprecating proof-of-work. This will eventually reduce energy consumption by 99.95%.
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