Cryptocurrencies bitcoin and ethereum rose after the collapse of the previous day

After yesterday’s global decline, the major cryptocurrencies are showing a slight recovery. Over the past 24 hours, the total capitalization of the cryptocurrency market has increased by 2.69% to over $ 975 billion.

Over the past day, bitcoin (BTC) has risen in price and is worth $ 19,344. The flagship cryptocurrency added 2.63% compared to yesterday’s figures. The capitalization was fixed at $ 370.18 billion, and the volume of trading operations per day exceeded $ 38.21 billion.

Ethereum (ETH) has shown even more growth over the past 24 hours. Currently, the cryptocurrency is trading at $ 1356.6, and the total supply of coins circulating on the market is $ 165.9 billion. The daily trading volume amounted to $ 17 billion.

Yesterday, on September 19, bitcoin fell below $ 19,000, while ethereum dropped to $ 1,300. According to experts, the main reason for the decline in cryptocurrencies was the upcoming meeting of the US Federal Reserve System (Fed), which will take place on September 21. The Fed is promoting a tough policy on cryptocurrencies, and this will have an impact on both the traditional stock market and the cryptocurrency market.

The Solana cryptocurrency (SOL), which showed high volatility in the short term, rose by 3.24%. The rate of the virtual asset was fixed at $ 32.25, and the market capitalization amounted to $ 11.47 billion.

Earlier we reported that the Solana blockchain managed to overtake Ethereum in terms of the number of active users. In the second quarter of 2022, the average daily number of transactions on Solana amounted to 40 million, while on Ethereum, this figure was only 1 million per day. The surge in transactional activity of Solana addresses is attributed to spring volatility and an increase in trading volume on decentralized exchange (DEX) platforms.

Ripple (XRP) has become the most profitable cryptocurrency among the top ten. Over the past day, the virtual coin has become more expensive by 8.87% and is trading at $ 0.376. The market capitalization amounted to $ 18.63 billion.

As for the cryptocurrencies that showed a regression, Polkadot (DOT) lost 0.45% of its value and is currently trading at $ 6.3. The virtual coin’s capitalization amounted to $ 7.06 billion.