19 Sep Crypto Prices: BTC Breaches $19K; ETH, DOGE, and SHIB Drop Up to 11%

The global crypto market capitalization hovered substantially lower, losing about 7% within the past 24 hours to $909.80 billion.

Crypto markets extended their plunges to the new week as markets await the United States Fed conference outcome. Bitcoin sled beneath $19K. While publishing this content, BTC traded at $18,575, dropping approximately 7.46% within the past day.

Consequently, the altcoin market suffered a massive blow. Ethereum lost as much as 10%, weakly holding $1.3K during this publication. Some analysts trust the ETH merge didn’t come at the correct time.

All large-cap cryptos are trading with massive cuts. Ethereum, Avalanche, Cardano, Polygon, and Shiba Inu dropped by up to 11%. Meanwhile, XRP, Solana, Dogecoin, and Polkadot surrendered 7-9% over the past 24 hours.

Such tendencies had the global crypto market wavering substantially lower, losing around 7% over the last day to $909.80 billion. Nevertheless, the trading volume jumped by 45% to $69.53 billion.

Global News

The ECB (European Central Bank) selected five platforms to help design user interfaces for digital euro possibilities. The organizations included the EPI (European Payments Initiative) and Amazon.

Two Sigma Ventures revealed plans to invest around $400M in two venture capital funds. Some cryptocurrency publications trusted that the move confirmed crypto investment inclusion.

Binance’s accounting bug has triggered a downward spiral in Helium Network governance HNT coin for some investors while shouldering the global leading cryptocurrency exchanges with millions in losses, according to individuals familiar with the event.

More Than 122K Investors Liquidated

The sudden slump saw 122,387 traders liquidated within the past day, with liquidations totaling $376.09 million. Bitmex experienced the highest single liquidation order – $10 million. The crypto market remained red during this publication.

A disappointing CPI (Consumer Price Index) early last week welcomed the downward journey for Bitcoin, with the leading crypto sliding from levels above $22K. Nevertheless, the data signaled that the United States central banks had more work to contain inflation.

While expecting a minimum 75bp hike, as the Fed maintains a hawkish stance, market players will focus on the FOMC’s (Federal Open Market Committee) move on new interest rate increases this week. What do you think? You can comment below.