CoinGeckoAccording to its data, the total cryptocurrency market cap has exceeded $1 trillion.
The crypto market, which fell with the collapse of Terra, is struggling to draw green charts due to the Fed’s tight interest policy and global economic problems. The crypto market cap, which fell below $1 trillion at the start of this month, has regained an upward momentum.
Crypto Market Cap Exceeds $1 Trillion
Major cryptocurrencies Bitcoin (BTC) and Ethereum (ETH) took the lead in pushing the market up.
BTC climbed to $20,469 on the Bitstamp exchange, the highest level since September 13. Major altcoins like Ethereum (ETH) and XRP also have green charts.
Ethereum Merge It has a stable graph even though it shows a decrease after the post. Ethereum, one of the cryptocurrencies that Turkey shows the most interest in, showed a growth of 2.1 in 24 hours. ETH price, which started the week at the level of $ 1,200, increased by 13.5% and came very close to $ 1,355.
Bitcoin, on the other hand, broke the downward trend it had been showing for a long time and started to rise. Exceeding the 20 thousand band again, the growth of BTC in the last 24 hours was 2.8 percent.
The interest rate policy implemented by the US Federal Reserve, which has suppressed the crypto market, is expected to continue with 75 basis points increase for the fourth time in a row.
