In today’s turbulent cryptocurrency market, Bitcoin (BTC) has retraced to $56,000 while various sectors within the crypto space are experiencing contrasting trends. Meme coins have seen a significant downturn, whereas AI-related tokens have emerged as notable gainers.
Market Overview
As of today, September 11, the global cryptocurrency market capitalization has increased slightly by 0.47%, reaching $2.01 trillion. However, the total market volume has dropped by 12.34%, falling to $60.54 billion. The fluctuations reflect ongoing investor uncertainty and market volatility.
Major Cryptocurrencies
Bitcoin (BTC): BTC is currently trading at $56,731, showing a modest 0.1% gain. The coin’s trading range for today was between $56,419.41 and $58,029.98. Despite recent inflows of $116.96 million into Bitcoin ETFs, BTC’s market dominance has decreased by 0.01%, now standing at 56.01%. Michael Saylor’s prediction that Bitcoin could represent 7% of global capital continues to generate discussion.
Ethereum (ETH): ETH has risen 0.17% to $2,348. Its trading range today was from $2,323.07 to $2,398.50. Ethereum is showing signs of struggle despite receiving $11.44 million in spot ETF inflows.
Solana (SOL): SOL’s price has gained approximately 0.5%, currently at $134. The coin’s intraday trading range was between $132.63 and $137.81.
XRP: XRP has experienced a slight decline of 0.1%, trading at $0.5334. The coin’s intraday low and high were $0.533 and $0.5426, respectively. The XRP community noted a recent advancement with XRPH Healthcare’s AI chatbot launch. Meanwhile, Ripple CLO Stuart Alderity has criticized the SEC’s stance on crypto-related money laundering.
Meme Coins
The meme coin sector has witnessed a downturn today:
Dogecoin (DOGE): DOGE fell by 1.5% to $0.1011.
Shiba Inu (SHIB): SHIB declined by 0.28%, trading at $0.00001332.
PEPE, WIF, and BONK: These tokens also experienced a decline ranging from 1% to 3%.
AI Tokens
AI-related cryptocurrencies are leading gains today:
Internet Computer (ICP): ICP surged nearly 12.5%, trading at $8.70. Its trading range was $7.69 to $9.09.
Artificial Superintelligence Alliance (FET): FET saw a 7% increase, now at $1.30, with a range of $1.21 to $1.37.
Injective (INJ): INJ gained 8%, trading at $18.39, with a range from $16.98 to $18.47.
Top Losers
Several cryptocurrencies have suffered declines:
Starknet (STRK): STRK dropped 6% to $0.3888, with a trading range of $0.3858 to $0.4178.
Sui: Sui fell 5% to $0.8883, with an intraday high of $0.9412 and a low of $0.8862.
Arweave (AR): AR also decreased by 5%, trading at $19.29, with a range of $19.28 to $20.64.
The market’s hourly charts indicate ongoing bearish sentiment, with BTC, ETH, and SOL each experiencing slight declines of 0.30%, 0.34%, and 0.4%, respectively.
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