Cryptocurrency prices .. the “crypto” market dances to the tunes of interest rates

Cryptocurrency prices .. the “crypto” market dances to the tunes of interest rates
Cryptocurrency prices .. the “crypto” market dances to the tunes of interest rates

The prices of most cryptocurrencies rose today, Thursday, September 22, 2022, after the Federal Reserve’s decision to raise the interest rate on the dollar by 0.75%.

The market value of cryptocurrencies decreased today by 0.47% to reach $913.96 billion, and the trading volume in the last 24 hours was about $91.99 billion.

In return, crypto exchange Binance received a Minimum Viable Product (MVP) license from the Dubai Virtual Asset Regulatory Authority (VARA), allowing the cryptocurrency exchange to offer a range of virtual asset services to qualified investors, as well as individuals and institutions, the company revealed Tuesday.

The development follows the issuance of a temporary license granted in March, which allowed the company to set up an office in the UAE and provide digital asset exchange services to financial firms and pre-qualified investors.

With the new authorization, Binance will be able to offer a range of virtual asset-related services to qualified retail and institutional investors under the legislative framework of Virtual Asset Service Providers (also known as VASPS).

Bitcoin price today

The price of Bitcoin (BTC) rose today by 0.98% to $18,942.89.

The market capitalization of the world’s largest cryptocurrency was $360.3 billion.

The price of Bitcoin reached its highest level at $69,000 in November 2021.

Cryptocurrency rates today

The price of the Ethereum coin (ETH) increased by 0.94% to $1,279.03.

The price of Binance coin BNB jumped by 0.40% to reach $266.61.

The price of the XRP currency increased by 0.90% from its value, to record $0.424.

The Cardano coin also jumped 1.41% to $0.4497.

Dogecoin price gained 1.13% to reach $0.05854.

Polkadot price lost about 0.93% to record 6.34 dollars.

Cryptocurrencies are considered as a non-cash digital payment method, which is managed and traded in a decentralized online payment system that is highly protected away from the control and control of banks.

The article is in Arabic

Tags: Cryptocurrency prices crypto market dances tunes interest rates

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