The cryptocurrency market is exhibiting mixed actions today, with Bitcoin (BTC) experiencing a slip to $64,000 while other cryptocurrencies like FTX Token (FTT) and XRP show remarkable gains. Here’s a brief overview of today’s major crypto price movements.
Bitcoin Price Action
Bitcoin has dipped nearly 2% in the past 24 hours, currently trading at $64,504. The cryptocurrency reached a 24-hour low of $64,219.75 and a high of $66,069.35. Despite the recent backtrack, there were $1.11 billion in weekly inflows into US spot Bitcoin ETFs as of September 27, indicating ongoing interest. BTC’s market dominance slightly fell to 56.13%, with a market cap of $1.27 trillion.
Ethereum Price Action
Ethereum also mirrored the market’s volatility, with its price dropping about 2% to $2,625. The intraday low and high for ETH were recorded at $2,604.75 and $2,675.57, respectively. The decrease coincided with significant selling activity from wallets associated with Vitalik Buterin, contributing to Ethereum’s declining value. Its current market cap stands at $316.41 billion.
Solana Price Action
Solana’s price fell 1%, resting at $156 today. The 24-hour trading range for SOL was between $155.24 and $161.62, with its market cap currently at $73.16 billion. Notably, SOL’s trading volume increased by 54% over the past day, reaching $2.06 billion.
XRP Price Action
In a contrasting move, XRP gained approximately 5.5%, currently trading at $0.6452. The coin’s intraday low and high were $0.6121 and $0.6622. XRP’s market cap now rests at $36.53 billion. Whale activity was notable today, with 31 million XRP accumulated by a whale on the Upbit exchange, contributing to XRP’s bullish trend.
Meme Coin Performances
In the meme coin sector, Dogecoin (DOGE) saw a 5% pullback to $0.1222, while Shiba Inu (SHIB) fell nearly 7% to $0.00001863. Other meme coins like PEPE, BONK, and FLOKI also recorded losses ranging from 0.5% to 5% in the past 24 hours.
Top Crypto Gainer: FTT
FTT has emerged as the top gainer today, skyrocketing over 60% to $2.27. Its trading range has been between $1.42 and $2.72.
Other Notable Gainers
- Mina (MIN): Price surged nearly 9% to $0.595.
- Popcat (POPCAT): Increased by 8%, currently trading at $1.01.
Top Crypto Losers
- Notcoin (NOT): Price dipped 5.5% to $0.009003.
- THORChain (RUNE): Fell 3.5%, currently at $5.12.
- Core (CORE): Slipped 4% to $1.07.
Conclusion
Overall, the cryptocurrency market is experiencing fluctuations, with Bitcoin retreating while several altcoins and tokens, particularly FTT and XRP, make significant gains. As investors keep a close watch on these developments, the market dynamics continue to unfold.
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