The cryptocurrency market saw mixed movement on September 26, with Bitcoin (BTC) and major altcoins trading in the red. However, Worldcoin (WLD) defied market trends, soaring by 11% over the past 24 hours, providing a bright spot for investors amidst a general market downturn.
Bitcoin and Major Altcoins in the Red
Despite significant buying pressure and inflows into Bitcoin ETFs, BTC faced turbulence. The price of Bitcoin fell back to $63,450, marking a volatile day with an intraday low of $62,669 and a high of $64,463. Despite an inflow of $105.84 million into Bitcoin ETFs on September 25, the coin struggled to maintain upward momentum, reflecting ongoing market volatility.
At the time of writing, Bitcoin’s market cap stood at $1.25 trillion, while its market dominance decreased slightly to 56.24%. Investors remain cautious, though some see this volatility as an opportunity for future gains.
Ethereum Price Drop
Ethereum (ETH) also experienced a downturn, with its price dropping 1% to $2,604. The coin recorded an intraday low of $2,558 and a high of $2,647, briefly slipping below the $2,600 level. Despite inflows of $43.23 million into Ethereum ETFs as of September 25, ETH has followed the broader market trend. Ethereum’s market cap currently rests at $313.19 billion. While the market is facing short-term bearish sentiment, some experts remain optimistic due to ETH’s positive funding rates.
Altcoins: Solana, XRP, and Dogecoin
Other altcoins also traded in the red, with Solana (SOL) dipping 1.5% to $149.18. SOL’s intraday movement ranged between $146.87 and $152.89, with a market cap of $69.93 billion.
XRP saw a 2% decrease to $0.5819, despite large whale transactions. Its intraday range was between $0.577 and $0.593, and its market cap stood at $32.87 billion.
Meanwhile, Dogecoin (DOGE) fell by 1.5% to $0.1089, showing a similar trend of minor losses.
Worldcoin (WLD) Defies Market Sentiment
Among the top gainers today, Worldcoin (WLD) stood out with an 11% surge, trading at $2.06. The coin recorded an intraday low of $1.80 and a high of $2.17, defying the broader bearish market sentiment and raising interest among investors.
Other Gainers: Injective and UNUS SED LEO
Other notable gainers include Injective (INJ), which saw a 4% rise to $22.06, and UNUS SED LEO (LEO), which gained 3% to trade at $5.95.
Top Losers: Fantom, Conflux, and Stacks
However, not all altcoins saw gains. Fantom (FTM) fell by 7% to $0.6512, while Conflux (CFX) dropped by 7% to $0.1572. Stacks (STX) also lost 6%, trading at $1.92.
Market Outlook
Despite today’s declines, both BTC and ETH showed marginal gains on the hourly charts, with BTC up 0.11% and ETH rising 0.14%. Investors are keeping a close eye on future market movements, anticipating potential recoveries and volatility.
The global crypto market cap fell by 1.92% to $2.22 trillion, while total market volume dipped 12.5% to $65.06 billion, reflecting cautious sentiment amid continued price fluctuations. As the market evolves, traders will be watching closely for further signs of recovery or continued bearish trends.
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