The crypto market retrieves $ 1 trillion; Bitcoin tops $ 22,200, Ether rises 6%

According to CoinMarketCap, the global crypto market is trading at $ 1.01 trillion, up 3.4% in the last day. In terms of volumes, the market recorded $ 69.31 billion in transactions, which increased by 6.87%.

Currently, the total volume of DeFi is $ 6.13 billion — 8.84% of the total 24-hour volume for the crypto market. The volume of all stack coins is currently $ 62.69 billion – 90.45% of the total 24-hour volume of the crypto market.

Bitcoin was trading at $ 22 218.36 up 3.12%. The digital coin has reached an intraday high of $ 22,242.90. The market value is around 424.3 billion dollars. Bitcoin dominance jumped 0.05% to 41.97% during the day.

Ethereum was trading at $ 1,454.47 higher by 6.39%. It has witnessed an intraday high of $ 1,455.06. Ether’s market value is around $ 176.85 billion.

Other counterparties such as Tether, USD Coin, BNB, XRP, Binance USD, Cardano, Solana and Dogecoin trade between flat to around 1% upside.

Due to the fantastic performance in today’s session, Bitcoin’s weekly gain is now around 9% and Ethereum has jumped by more than 27.5%.

During the 24 hours, the most effective cryptocurrencies in terms of percentage – Theta Fuel up almost 20%, Loopring which rises almost 15, Polygon which climbs above 14%, THORChain increases above 10.5, and ApeCoin increases above 10%.

Meanwhile, the underperforming cryptocurrencies – Lido DAO falls above 10%, followed by UNUS Sed Leo dives almost 4%, and Fei USD falls around 1%.

Among the most popular cryptocurrencies are Terra LUNA, Polygon, Terra Classic, WETH, Ethereum, Bonfida, Bitcoin, BIDR, Shiba Inu and SushiSwap.

There was a breath of fresh air in the cryptocurrency market amid positive global equities. Although investors are now focusing on the political outcome of the US Federal Reserve, where another rate hike is on the cards. Investors will also pay close attention to the European Central Bank, which is expected to raise key interest rates for the first time since 2011 later this week.

There has been a correlation between the cryptocurrency market and global equities in the midst of macroeconomic uncertainty. The US has reached inflation of 9.1% – the highest since November 1981. The cryptocurrency market met the shock in the form of panic sales last week.

The market currently has a shortage of liquidity. Celsius, which stopped withdrawing in June due to large losses due to a deep depression in the crypto market – has this week voluntarily filed for bankruptcy. Other exchanges such as Binance, CoinFlex, Vauld and Voyager Digital, among others, have also stopped their withdrawals. The markets are also facing the liquidation of hedge funds such as Three Capital Arrows (3AC).

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