Cryptocurrency Prices Today: Market Steadies After Fed Rate Hike; BTC Up 0.91%, XRP Soars 5%

2022-09-23 20:39:54 By : Ms. Anna Ma

Bitcoin (BTC) rose by 0.91 per cent to $19,116, while Ethereum (ETH) was down by 3.5 per cent to $1,290 on Thursday evening.

Why was it so important for the Karnataka government to hold Ganesh Chaturthi puja in an Idgah maidan somewhere in the state? Was it something to do with the fact that assembly elections are around the corner?

With the tide of majoritarian appeasement, fuelled by the ruling political establishment, there are efforts now to even exempt the Gyanvapi mosque-Shringar Gauri dispute in Varanasi from the ambit of the Places of Worship (Special Provisions) Act, 1991.

If the Ram Temple movement established the saffron outfit in the Hindi belt, the Hubballi campaign catapulted it to power in the state

PFI came into being in response to violence against Muslims. Political silence on it only helped the fundamentalist outfit grow in coastal Karnataka

The 1990s decade was dominated by the Ram Janmabhoomi-Babri Masjid row. Now, the Gyanvapi mosque row has added another chapter to the country’s history of disputes over religious structures and the spaces they occupy.

The global cryptocurrency market held steady on Thursday after the US Federal Reserve raised interest rates by 0.75 per cent to curb red hot inflation after its latest two-day monthly monetary policy conclave. 

Most economists forecast US inflation to remain between 4 and 5 per cent in 2023 before it starts declining. Fed Chair Jerome Powell stressed the bank will readjust the rates when inflation comes down.

Meanwhile, Bitcoin, the world’s largest cryptocurrency rose marginally in the last 24 hours, while Ethereum (ETH) declined 3.5 per cent. 

The broader market rose 0.29 per cent to $926.9 billion, while the trading volume rose by 41.4 per cent to $93.9 billion in the last 24 hours to 4:00 pm IST, according to Coinmarketcap.com.

Today’s top gainer was Decred; it was trading at $15.79, up 15.7 per cent in the last 24 hours. The top loser was EOS, priced at $1.23, down 5.41 per cent in the same period.   Major Currencies

Bitcoin (BTC): BTC rose 0.91 per cent. It was trading at $19,116, raising its market cap by 0.92 per cent to $367.1 billion, while its trading volume increased by 51.71 per cent to $51.7 billion. BTC’s dominance over the crypto market jumped 0.17 per cent to 39.56 per cent.

Ethereum (ETH): ETH fell 3.55 per cent to $1,290, and its market cap decreased by 3.54 per cent to $158.1 billion. The trading volume increased by 61.7 per cent to $22.3 billion.   Other Altcoins

Ripple (XRP):  XRP’s price rose by 5.14 per cent to trade at $0.4253, while its market cap increased by 5.14 per cent to $21.2 billion. The trading volume plummeted 12.1 per cent to $3.5 billion. Cardano (ADA): ADA’s price increased by 1.4 per cent to $0.4562. Its market cap increased by 1.4 per cent to $15.5 billion, and its trading volume increased by 27.3 per cent to $1.01 billion.

Solana (SOL): SOL’s price rose by 1.74 per cent to $32.17. Its market cap increased by 1.8 per cent to $11.4 billion, and its trading volume increased by 75.8 per cent to $1.2 million.

Dogecoin (DOGE): DOGE’s price increased by 0.42 per cent to $0.05891, its market cap rose by 0.42 per cent to $7.8 billion, and its trading volume increased by 23.5 per cent to $391.06 million.

Shiba Inu (SHIB): SHIB’s price increased by 3.1 per cent to trade at $0.00001086. Its market cap increased by 3.1 per cent to $5.96 billion, and its trading volume increased by 48.9 per cent to $346.5 million.   

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