The crypto market is climbing its way back to $2 trillion

Sep 23, 2021

By: BI India Bureau

The global market has rebounded by 6.50 percent in the last 24 hours

Volumes are still down but the crypto market cap currently stands at $1.97 trillion

Credit: Business Insider India

Concerns about the Evergrande crisis have temporary have been put on hold

The Chinese government is pumping money into the banking sector to avoid a speculative crash

Credit: Canva

The impact of comments by US SEC Chairman Gary Gensler seem to be wearing off

He has been pushing for more scrutiny and a crackdown on cryptocurrencies, including stablecoins

Credit: US-government

Bitcoin has seen a sharp recovery

It is currently trading at $44,000, up by nearly 5 percent over the day

Credit: Canva

Ethereum has bounced back to $3,105

The cryptocurrency has gained 7.5 percent since yesterday

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Cardano is clocking in double-digits gains

At $2.28, the ‘Ethereum Killer’ is up by 10.60 percent in the last 24 hours

Credit: Canva

Polkadot and Solana have registered double-digit gains as well

Polkadot is at $31,89, a jump of 16.16 percent since yesterday | Solana is at $149.18, which is an increase of 15.23 percent

Credit: Business Insider India

Ripple’s XRP token is back up to being worth more than $1

The cryptocurrency has recuperated by 9.08 percent in the last 24 hours to settle at $1.01

Credit: Canva

Binance Coin is trading at $379.58

The token which fuels the world’s largest cryptocurrency exchange is up by 7.37 percent since yesterday

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Avalanche continues to be the outlier

Its value is now $73.45, which is a jump of over 17 percent in the last 24 hours and 25 percent over the past week

Credit: Canva

Other altcoins have been doing well as well

This include OriginTral’s TRAC token and cryptocurrency COTI

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According to Galaxy Digital CEO Mike Novogratz…

The crypto markets are in good shape as long as Bitcoin stays above $40,000

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The US Federal Reserve is set to announce its forecasts tonight

The rates could determine whether the crypto market continues its rebound or if the bears get a little more leeway

Credit: Canva

Disclaimer

These are top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of September 23, 9.30 am IST and may change over the course of the day

Credit: Canva

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