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The crypto market continued in the red on Friday, September 22, due to the absence of any positive catalysts that can lift the market sentiments. Meanwhile, the persisting volatility has wiped off the recent gains from the market, sending most of the major cryptos downwards. Notably, the crypto market fear and greed index was at 39, suggesting a “fear” condition among the market participants.
Meanwhile, the U.S. Federal Reserve’s recent indication of raising the interest rates further this year might have weighed on the investor’s sentiment. The largest crypto by market cap, Bitcoin price came below its $27,000 mark on Friday, and traded at $26,647.62 during writing, down 1.62% from yesterday. Its volume noted gains of 4.96% to $13.75 billion at the same time.
Among other major cryptos, the Ethereum price declined 1.81% to $1,594.75, and its volume over the past 24 hours fell 1.21% to $5.15 billion. Over the past week, the Ethereum price dropped by 2.33% on Friday.
The Solana price was down 2.15% to $19.69 as of writing, while its volume noted gains of 7.20% to $260.32 million. On the other hand, the Toncoin price slipped 2.83% to $2.31 during writing. However, despite the losses, the recent gains in the Toncoin price helped its price to stay at 20.57% over the last seven days.
In the meme coins segment, a similar condition was witnessed on Friday, with the Dogecoin price down by 2.50% to $0.06158 in the last 24 hours. Simultaneously, the Shiba Inu price slumped 2.11% to $0.000007298 as of writing on September 22.
The recent downturn performance in the overall financial market, let alone the cryptocurrency industry, suggested that the traders remained cautious amid the market uncertainties. Meanwhile, the global crypto market cap was down 1.45% to $1.06 trillion on Friday, and its volume rocketed 764.72% to $242.86 billion from the previous day.
The top 4 Cryptos For Today Are:
Pepe Coin Slides Over 3%
The Pepe coin price traded at $0.000000614 during writing on Friday, noting a decline of 3.04% in the last 24 hours, and its volume tumbled 21.74% to $31.72 million. The meme coin has witnessed choppy trading lately, with its price declining 9.55% over the last seven days.
Immutable (IMX) Drops 10%
As of writing, the Immutable price noted declines of 10.20% to $0.6676, with its market cap falling 9.30% to $778.74 million. However, the crypto has witnessed significant gains in recent days, with its price soaring over 31% over the last week, and about 12% in the last 30 days.
Terra Classic (LUNC) Adds 8%
The Terra Classic price jumped 8.09% to $0.00006281 as of writing on September 22, with its volume skyrocketing 303,446% to $30.51 billion. The Terra Classic community has officially approved a proposal to halt all USTC minting and reminting. As the community aims to reestablish the USTC stablecoin’s peg at $1 and revitalize LUNC, this proposal paves the way for entities like crypto exchange Binance to initiate USTC burning now that minting and reminting have ceased.
Astar (ASTR) Slips 7%
The Astar price dropped by 7.22% to $0.0532 on Friday, with its volume rocketing 8774.75% to $2.18 billion. Despite the notable decline, its price was up nearly 6% over the past week. Meanwhile, Bithumb, one of South Korea’s largest trading platforms, recently added Astar (ASTR) to its list of cryptocurrencies. Sota Watanabe, the founder of the Astar Network protocol, emphasized the launch of the ASTR/KRW trading pair on the exchange.
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