Today’s cryptocurrency market has witnessed significant fluctuations, with Bitcoin (BTC) and several major altcoins experiencing notable pullbacks. Conversely, Celestia (TIA) has emerged as a standout performer, recording substantial gains. Here’s a detailed snapshot of the current crypto market performance.
Bitcoin (BTC) Price Update
Bitcoin has experienced a considerable decline, touching $62,946 at the time of writing. This marks a drop of over 2% in the past 24 hours. The coin’s 24-hour trading range was between $62,737.42 and $64,455.31. Despite hitting new highs briefly, BTC’s recent performance has been marred by sluggish ETF inflows, amounting to just $4.56 million as of September 23. Bitcoin’s market dominance has decreased to 56.26%, with its market cap resting at $1.25 trillion.
Ethereum (ETH) Price Update
Ethereum has also seen a downturn, with its price falling approximately 2% to $2,628. The intraday trading range for ETH was between $2,610.86 and $2,701.68. The decline in Ethereum’s price is attributed to significant outflows from Ethereum ETFs, totaling $79 million, coupled with ongoing selling pressure from the Ethereum Foundation. The current market cap for ETH stands at $316.27 billion.
Solana (SOL) Price Update
Solana’s price has dipped nearly 1% in the past 24 hours, trading at $146. Its intraday low and high were recorded at $142.64 and $148.15, respectively. Solana’s market cap is currently $68.68 billion, reflecting the broader market trend of retracement among major cryptocurrencies.
XRP (XRP) Price Update
XRP has decreased by about 1.5% over the past 24 hours, now priced at $0.5853. The coin’s trading range for the day was between $0.5819 and $0.5952. The recent drop follows a significant transaction involving the transfer of 200 million XRP, which has stirred discussions within the crypto community. XRP’s market cap is reported at $33.03 billion.
Meme Cryptocurrencies Performance
In the meme crypto sector, Dogecoin (DOGE) has fallen by 0.2% to $0.1081, while Shiba Inu (SHIB) has decreased nearly 2% to $0.00001449. Other meme coins, such as Pepe (PEPE), dogwifhat (WIF), and FLOKI, also experienced declines ranging from 0.5% to 3%.
Top Crypto Gainers
Celestia (TIA):
Celestia has emerged as a major gainer, with its price surging nearly 20% to $6.5. The coin’s price ranged from $5.36 to $6.89. The boost in TIA’s price follows the Celestia Foundation’s recent fundraising of $100 million for developmental projects.
Arweave (AR):
Arweave has seen a significant increase of nearly 14%, trading at $23. Its price fluctuated between $19.86 and $23.18.
NEAR Protocol (NEAR):
NEAR Protocol has risen slightly by over 10%, currently priced at $5.27. The coin’s trading range was $4.64 to $5.28.
Top Crypto Losers
UNUS SED LEO (LEO):
LEO has declined nearly 6%, trading at $5.55. The price range for LEO was between $5.55 and $6.04.
Fantom (FTM):
Fantom’s price dropped 6% to $0.6357, with a trading range of $0.6318 to $0.6683.
Pendle (PENDLE):
Pendle has fallen by 5%, now priced at $3.91. The 24-hour trading range was $3.86 to $4.06.
Market Summary
The global crypto market cap has decreased by 0.81% to $2.22 trillion, while the total market volume has surged by 29% to $75.93 billion. The broad trend of decreasing prices among major cryptocurrencies, coupled with significant gains for specific tokens like TIA, reflects a mixed sentiment in the market. Investors are closely monitoring these developments amidst ongoing market volatility.
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