The cryptocurrency market reacted very positively to the statements of the head of the Fed, Jerome Powell, about raising interest rates by 75 basis points. Over the next day, from July 27 to July 28, 2022, the capitalization of the entire industry grew by 10.27%, reaching $1.1 trillion. Leading cryptocurrency assets have risen in price significantly. The price of Bitcoin (BTC) +10% and Ethereum (ETH) +15% increased significantly.
The flagship cryptocurrency reached a price value of $24,031 as of 20:43 Moscow on July 28, 2022. The rate rose by 10.84% over the past 24 hours, and the total supply of assets increased to $456.61 billion. Traders provided trading volumes of $43.98 billion per day.
The second largest cryptocurrency by market capitalization, Ethereum, has risen in value even more. The rate of the asset was at $1,742.13, which is 15.9% higher than the same values of the day before. The total supply of coins was $210.73 billion, with trading volumes of $30.68 billion.
Among the coins from the top 10, the Solana rate showed rapid growth, located on the 9th line in the top cryptocurrencies rating. Its price was fixed at $42.29, which is 15.16% more than yesterday. The market capitalization of the virtual asset was $14.58 billion, and bidders secured transactions worth $2.74 billion.
Investors noted that Lida DAO demonstrated an excellent daily profitability result. The LDO token has risen in price by 56.44% in the past 24 hours. The total offer amounted to $769.49 million.