As a seasoned crypto investor with a knack for navigating through the market’s volatile tides, I find today’s price action intriguing yet somewhat predictable. Bitcoin and Ethereum’s struggle to gain ground is not uncommon during periods of uncertainty leading up to significant events like the FOMC meeting. However, the notable gains by Solana and XRP are a breath of fresh air, signaling potential opportunities for smart investors.
Today’s Cryptocurrency Market Overview (September 17): The cryptocurrency market has been quite unpredictable in the last 24 hours, sparking curiosity among investors worldwide. Bitcoin (BTC) encountered difficulties to surpass $58,000, whereas Ethereum (ETH) was trading at approximately $2,200. In tandem with this, the overall crypto market capitalization exhibited a minor growth of 0.04%, amounting to $2.02 trillion today. Additionally, the total daily traded volume increased by 23.04% to reach $63.69 billion.
On September 17, many leading cryptocurrencies experienced positive price movements, with Solana (SOL) and XRP primarily seeing gains in their valuations. Here’s a quick rundown of some prominent digital currencies and their market performance today.
Crypto Prices Today: BTC & ETH Struggle While SOL & XRP Gain
Today’s prices for Bitcoin and Ethereum are holding close to their closing values from yesterday. On the other hand, Solana (SOL) and Ripple (XRP) have demonstrated notable increases in value at this moment.
Significantly, the cryptocurrency market experiences volatile fluctuations in the lead-up to the FOMC meeting, where it is anticipated that the Federal Reserve will implement a 0.5% interest rate reduction. The CME FedWatch Tool’s data shows a substantial increase in expectations for a 0.5% rate cut.
Bitcoin Price Today
Today, the price of Bitcoin settled at approximately $58,098, experiencing a slight decrease of 0.7% in the last 24 hours. The lowest and highest points within this period were $57,501.34 and $59,154.62 respectively.
The surge in this unstable trend coincides with a $12.8 million investment into Bitcoin ETFs, sparking discussion among financial analysts. Additionally, the leading cryptocurrency’s worth decreased by 0.16%, now standing at 56.71%.
As an analyst, I find myself buoyed by today’s market turbulence despite it all. Recent findings from CryptoQuant on X have sparked optimism within me about the coin’s future price movement. The report highlights a surge in new whales and active accumulation by Binance traders. Interestingly, old whales are maintaining their holdings, suggesting a growing market confidence in this asset.
Ethereum Price Today
At the moment of this writing, ETH has seen a modest increase of 0.3%, trading at approximately $2,284. During the day, its lowest and highest points were marked at $2,263.79 and $2,334.79, respectively.
On September 16th, U.S.-based Ethereum ETFs experienced withdrawals totaling $9.4 million, fueling apprehension among investors. Additionally, a recent analysis by CryptoQuant on the X platform suggests that Ethereum’s futures market is currently showing the lowest funding rates predicted for 2024, further increasing unease about the asset.
Solana Price Today
However, the crypto SOL traded at $131, a gain of 0.6% in the past 24 hours. The coin’s intraday low and high were $129.14 and $132.30, respectively. Solana’s market cap rested at $61.52 billion today.
XRP Price Today
In the last 24 hours, the price of XRP has risen by almost 4%, currently standing at $0.5868. During this time, its lowest and highest prices were $0.5658 and $0.5898 respectively. This surge in XRP’s price coincides with approximately 40 million coins being moved by large XRP holders (XRP whales) within the past day, sparking curiosity among market observers. Today, the market capitalization of Ripple-backed coin was $33.08 billion.
Meme Coins Performance
Conversely, the value of Dogecoin (DOGE) decreased by 1.5%, resulting in a current price of $0.09982. Meanwhile, Shiba Inu (SHIB) experienced a 0.7% drop, with its price settling at $0.00001319 today.
However, PEPE gained by 0.17% and WIF by 1% in the past 24 hours.
Top Cryptocurrency Gainers Prices Today
Fantom
In the last 24 hours, the price of FTM experienced a significant jump of around 7%, currently sitting at $0.5155. The lowest it went during the day was $0.4842, while its highest point reached $0.5301.
Celestia
TIA price pumped nearly 4% over the past day to trade at $4.83. The coin’s intraday low and high were $4.48 and $4.84, respectively.
BitTorrent
Today, the value of BTT increased by almost 5% and is now being traded at approximately 0.0000008865 USD. The coin’s lowest and highest points during the day were 0.0000008368 USD and 0.0000009064 USD, respectively.
Also, it’s worth noting that even XRP emerged alongside the day’s top gainers.
Top Cryptocurrency Losers Prices Today
Sei
SEI price dropped 7% over the past day and is currently trading at $0.2701. The coin’s 24-hour low and high were $0.2657 and $0.2965, respectively.
Nervos Network
Over the last 24 hours, the price of CKB dropped by 5%, now standing at approximately $0.0155. Earlier today, its lowest point was $0.01502, while it peaked at $0.01698.
Render
RENDER price slipped 4% in the past 24 hours and is currently trading at $4.67. The coin’s intraday low and high were $4.66 and $4.99, respectively.
In addition, the hourly price charts of cryptocurrencies fueled investor curiosity about their values today, displaying a mix of movements. Whilst Bitcoin increased by 0.04%, Ethereum decreased by 0.02%, creating a sense of ambiguity regarding the direction of their price trends in the near future.
Read More
- XRP PREDICTION. XRP cryptocurrency
- USD PHP PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- SOL PREDICTION. SOL cryptocurrency
- ORDI PREDICTION. ORDI cryptocurrency
- UNI PREDICTION. UNI cryptocurrency
- APE PREDICTION. APE cryptocurrency
- USD COP PREDICTION
- HBAR PREDICTION. HBAR cryptocurrency
- ALI PREDICTION. ALI cryptocurrency
2024-09-17 07:44