Cryptocurrency Market Summary
Still in an uncertain, FUD stage by September 17th, 2024, is the cryptocurrency market, thus the global market cap remaining down at 3.67% to $2.02 trillion. Majority of major altcoins like Ethereum, Solana, and Ripple are holding solid levels while others have flexed their muscles and done so much better with hefty gains.
Bitcoin Price Today: Steady Amid Uncertainty
After Asian trading hours, Bitcoin is trading at 58,409, slightly down by 0.11% from the previous day. Trade volumes for Bitcoin are up 20.45% over the past day, meaning while overall market appreciation is down, transaction volumes are up. Analysts are expecting a sideway movement of this cryptocurrency in the short term as investor sentiments are cautious. For more interested in where Bitcoin might head next, ourBitcoin Price Prediction breaks down and makes projections.
Altcoins Update: ETH, SOL, and XRP Flashed Green
Ethereum (ETH): Ethereum has shown the strength to sustain its price around $2,300, and in the last 24 hours has gained with a meagre 0.42% growth. Trading volumes for the second-largest crypto by market cap only grew by 2.93%, a sign of steady interest in the cryptocurrency.
Ripple (XRP): Ripple leads by default, where the value goes 2.94% up to $0.5889. The recent price action of XRP does not reflect any betterment, mainly because it has sustained optimism following the unfolding law cases and market rumors.
Solana (SOL): That will now rise to $132.61. Of course, this is quite above and beyond whatever the current issues with the wider market are causing.
Top Crypto Gainers Today
1. Fantom (FTM): Fantom has enjoyed a great thrust of a whopping 10.91% to be traded at $0.5488. Buoyed by news of its roll out of the Sonic Testnet and improvements in wallet credit scoring, investor sentiment is just starting to turn positive.
2.Celestia (TIA): Celestia has moved up quite nicely by 6.99% with good technical drivers and interest in its novel modular blockchain architecture.
3.Popcat (POPCAT): Popcat is doing well too, scoring higher percentage points, in which it describes the positive sentiment held by the investors in the emerging and new token niche.
Top Crypto Losers Today
1. Sei (SEI): The price of Sei dropped by 6.03% as it deals with the issues that are manifesting in the current market.
2.Helium (HNT): The price of Helium corrected at 4.33%, and it stands at $7.03. It corrected after recently witnessing a volatility.
It seems the cryptocurrency space has gone into holding as the next conceivable gains seem to be minimal given the uncertainty in most places about possible rate cuts and the positive results of the presidential elections in the U.S. This period of consolidation may offer an entry for investors, assuming they seek to capitalize on such conditions.
Summary At $58,000, Bitcoin is holding on to its ground but other altcoins and emerging tokens are making some moves. Here, investors need to keep abreast of the changes and consider this development before investing in a changing crypto landscape.
