The cryptocurrency market experienced a bullish trend on September 27, highlighted by Bitcoin (BTC) briefly crossing the $65,000 mark. This surge in BTC’s price comes amidst a significant influx of funds into Bitcoin ETFs, signaling a renewed wave of investor optimism.
Bitcoin Price Overview
As of the latest update, Bitcoin’s price had risen nearly 3%, trading at $65,289. The cryptocurrency hit an intraday low of $63,324 and a high of $65,790. This upward movement aligns with a notable $365.57 million inflow into Bitcoin ETFs recorded on September 26. Bitcoin’s market dominance saw a slight increase to 56.33%, with its market capitalization reaching $1.29 trillion. Data from Spotonchain revealed a substantial accumulation of 3,500 BTC by whales on Binance over the past three days, further fueling bullish sentiment.
Ethereum Price Overview
Ethereum (ETH) also saw gains, with its price climbing approximately 1.5% to $2,635. The coin’s intraday low and high were $2,592 and $2,665, respectively. Despite witnessing $675,450 in outflows from spot ETH ETFs, Ethereum’s market cap stood strong at $317.27 billion.
Solana and XRP Price Overview
Solana (SOL) experienced a 4% increase, trading at $155, with an intraday low of $148.82 and a high of $157.86. Its market cap was noted at $73 billion. Meanwhile, XRP’s price rose nearly 1% to $0.5865, with intraday fluctuations between $0.5819 and $0.596. XRP’s market cap was recorded at $33.14 billion.
Meme Coins Performance
Among meme coins, Shiba Inu (SHIB) led with a 23% surge, trading at $0.00001903. Dogecoin (DOGE) followed with a 9% increase, reaching $0.1186, while Pepe Coin (PEPE) and Dogwifhat (WIF) saw gains of 14% and 7%, respectively.
Top Gainers and Losers
Top Gainers: Shiba Inu (SHIB) surged 23%, Bonk Inu (BONK) increased by 19%, and Brett (BRETT) rose 18%.
Top Losers: Bittensor (TAO) declined by 6%, Sui (SUI) fell 3.5%, and UNUS SED LEO (LEO) slipped by nearly 2%.
The global crypto market cap rose by 2.27% to $2.28 trillion, with the total market volume increasing by 31.13% to $85.26 billion. The bullish trend in BTC and other major cryptocurrencies highlights growing investor confidence and anticipation for continued positive performance in the crypto space.
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