As anticipation builds for the Federal Open Market Committee (FOMC) meeting, the cryptocurrency market is experiencing notable gains. Bitcoin (BTC) has surged past the $60,000 mark, with Ethereum (ETH) and Solana (SOL) also showing positive movement. However, XRP has faced a decline.
The global cryptocurrency market cap has risen by 3.33% in the past 24 hours, reaching $2.08 trillion. Market volume has increased significantly, climbing 20.26% to $75.85 billion. Here is an overview of the major cryptocurrencies and their performance as of September 18:
Bitcoin (BTC)
Bitcoin’s price reached $60,660, marking a nearly 4% increase in the last 24 hours. The coin’s trading range spanned from an intraday low of $58,035.24 to a high of $61,316.09. This boost is attributed to a substantial $186.76 million inflow into Bitcoin ETFs as of September 17. Bitcoin’s dominance also rose by 0.58%, standing at 57.27%, with its market cap at $1.2 trillion.
Ethereum (ETH)
Ethereum has gained 2% in the past day, trading at $2,334. Its intraday low and high were $2,282.34 and $2,392.15, respectively. Despite a $15.11 million outflow from spot Ethereum ETFs, ETH has continued to perform well, with a market cap of $281.11 billion. Recent analysis points to increased investor interest and market resilience as key drivers of ETH’s price.
Solana (SOL)
Solana’s price has risen slightly by 0.4% over the last 24 hours, settling at $131. The coin’s trading range for the day was between $130.37 and $135.49, with a market cap of $61.64 billion.
XRP
In contrast, XRP has experienced a 1% decline, trading at $0.5805. Its price ranged from $0.5767 to $0.5932 throughout the day. This downturn follows a significant transfer of 50 million XRP by Ripple’s Chris Larsen, which has drawn considerable market attention. XRP’s market cap is currently $32.73 billion.
Meme Coins
Dogecoin (DOGE) and Shiba Inu (SHIB) both saw a 1% increase, trading at $0.11 and $0.00001338, respectively. Other meme coins, including PEPE, WIF, and FLOKI, reported gains of 2-3% over the past 24 hours.
Top Gainers
- Nervos Network (CKB): Up 26% to $0.01968, with a trading range of $0.01549 to $0.01978.
- Bittensor (TAO): Increased 14% to $328.63, ranging between $287.60 and $334.65.
- Sui (SUI): Rose 11% to $1.19, with a low of $1.08 and a high of $1.23.
Top Losers
- Helium (HNT): Fell 3% to $6.76, trading between $6.67 and $7.11.
- Maker (MKR): Decreased 2% to $1,485, with a range of $1,482.70 to $1,566.66.
- Arweave (AR): Dipped nearly 1.5% to $18.72, with fluctuations between $18.13 and $19.38.
As market watchers continue to analyze the hourly charts, Bitcoin has shown a modest gain of 0.04%, while Ethereum has slipped slightly by 0.14%. These movements reflect varied sentiments about the future direction of the cryptocurrency market.
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