The cryptocurrency market experienced a notable surge today, with Bitcoin (BTC) breaking through the $64,000 mark. This upward momentum is fueled by substantial inflows into spot Bitcoin ETFs, generating optimism among investors.
The global cryptocurrency market cap climbed nearly 2% to $2.26 trillion, although total market volume decreased by 3% to $74.27 billion.
Bitcoin’s Performance:
As of the latest reports, Bitcoin’s market cap stood at $1.27 trillion, with its dominance slightly rising to 56.27%. The recent influx of $16.8 million into spot Bitcoin ETFs as of September 24 has contributed to the coin’s price action. Additionally, significant whale movements have been detected, adding intrigue to Bitcoin’s volatility.
Ethereum’s Position:
Ethereum traded at $2,643, up nearly 0.5% with an intraday range of $2,593.15 to $2,672.46. Inflows into spot Ethereum ETFs totaled $62.51 million, reflecting growing interest in the asset.
Solana and XRP Updates:
Solana’s price rose nearly 4% to $152, while XRP saw a 1% increase to $0.593. XRP also benefited from a recent upgrade to the XRP Ledger, enhancing the Ripple stablecoin project.
Meme Coins Activity:
In the meme coin segment, Dogecoin (DOGE) rose 2% to $0.1106, and Shiba Inu (SHIB) jumped nearly 4% to $0.00001506. Other coins like Pepe Coin (PEPE), dogwifhat (WIF), and FLOKI also enjoyed gains between 9% and 16%.
Top Gainers and Losers:
Top Gainers:
SEI: Up 24%, currently trading at $0.4575.
POPCAT: Increased by 13% to $1.03.
dogwifhat (WIF): Surged 16% to $2.04.
Top Losers:
Injective (INJ): Decreased by 1.5% to $21.86.
Maker (MKR): Fell 1.5% to $1,585.
Nervos Network (CKB): Dropped nearly 1% to $0.01671.
In summary, today’s performance across the crypto landscape signals a hopeful recovery as we approach the end of September, with major coins and altcoins alike responding positively to market conditions.
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