As a seasoned crypto investor with a knack for spotting trends and making informed decisions, I’ve been closely monitoring the market movements since the FOMC announcement. The recent rate cut of 50bp has undeniably given a significant boost to the broader market, particularly Bitcoin (BTC) breaching the $62K level.
Today’s Cryptocurrency Rates on September 19th: The overall market experienced a significant surge following the recent U.S. FOMC meeting, which decided to lower interest rates by 50 basis points. Bitcoin (BTC) soared past $62K, while Ethereum (ETH), Solana (SOL), and XRP witnessed gains ranging from 1% to 4%, all moving in unison.
Concurrently, the overall value of the global crypto market increased by 3% over the last day, reaching an estimated $2.14 trillion at this moment. Additionally, the total market volume escalated by a significant 21.36% within the past 24 hours, amounting to approximately $91.32 billion. Here is a quick summary of some prominent cryptocurrencies based on their market capitalization and today’s price fluctuations, specifically September 19.
Cryptocurrency Prices Today: BTC, ETH, SOL, & XRP Gain After Fed Rate Cuts
After the Federal Reserve announced a 50 basis point rate cut, Bitcoin surged from around $60,000 to reach over $62,000 today. Furthermore, most altcoins have reflected a positive market trend, sparking enthusiasm among investors worldwide. Interestingly, POPCAT was one of the day’s top performers, steering the market. Today, let’s explore the price movements of these coins in more detail.
Bitcoin Price Today
As a researcher, I’ve observed an approximately 3% surge in the BTC price over the past 24 hours, with the current trading value sitting at around $62,151. The coin’s intraday low and high were marked at $59,218.25 and $62,578.77 respectively.
Despite seeing a $52.83 million withdrawal from Bitcoin ETFs up until September 18, as per Soso Value’s latest data, I’ve noticed a surge in the crypto market’s bullish price action recently. Interestingly, Bitcoin’s dominance has also increased by 0.14% over the past day, standing at $57.33%.
In harmony with this rising trend, Anthony Scaramucci, founder of Skybridge Capital, foresees Bitcoin’s price reaching $100K. Additionally, fueling optimism, Michael Saylor’s company, MicroStrategy, increased its convertible notes offering from $700 million to $875 million.
The flagship crypto’s market cap rested at $1.23 trillion today.
Ethereum Price Today
As a crypto investor, I’m thrilled to see that the price of ETH surged by almost 3% over the last 24 hours, reaching $2,407. The intraday low and high for the coin were $2,278.66 and $2,408.26 respectively, indicating a fairly stable trading day.
Ethereum’s price movement also comes despite $9.74 million outflows in spot ETH ETFs. The coin’s market cap stood at $289.94 billion today. Notably, even Whale Alert’s data illustrated massive dumps to Coinbase in the past 24 hours. Nonetheless, the coin continues to pump against the backdrop of the latest FOMC meeting.
Solana Price Today
The crypto SOL witnessed a nearly 5% gain in value and is currently trading at $138. Solana’s intraday low and peak were recorded as $127.25 and $138.25, respectively. The coin’s market cap rested at $64,78 billion today. Also, Solana rolled out an upgrade for devs recently, solidifying its stance in the market.
XRP Price Today
Over the last day, the price of XRP increased by around 1%, reaching a value of approximately $0.586. The lowest and highest prices for the coin during this period were $0.5631 and $0.5895 respectively. Currently, the market capitalization of XRP stands at about $33 billion.
Meme Coins Performance
Additionally, the value of Dogecoin (DOGE) rose by approximately 3%, placing it at $0.1041. Likewise, Shiba Inu (SHIB) experienced a rise of around 4% and is currently trading at $0.00001387.
Even Pepe coin, dogwifhat, and Floki prices pumped 5%-8% today.
Top Cryptocurrency Gainers Prices Today
Meanwhile, the coins leading the broader market gains are:
Popcat
POPCAT price pumped hard by 20% over the past day, reaching $0.8571. The coin’s intraday low and peak were recorded as $0.6556 and $0.8747, respectively.
Sei
As an analyst, I’m observing a significant rise in SEI’s price today, with a surge of approximately 20%. At the moment, the coin is trading at $0.3377. Over the last 24 hours, SEI touched its lowest point at $0.2627 and peaked at $0.3439.
Celestia
As an analyst, I’ve observed a significant surge in TIA’s price today, recording a gain of approximately 11.28%. At the moment, it’s trading at $5.91. The intraday low was marked at $5.01, but the coin peaked as high as $6.15.
Top Cryptocurrency Losers Prices Today
Nervos Network
Over the last 24 hours, Nervos Network experienced a drop of approximately 8%, now priced at around $0.01781. During this period, its lowest point was $0.0168, while the highest reached $0.01855.
KuCoin Token
In the last 24 hours, the value of KCS dropped approximately 4%, settling at $7.45. Its lowest point during the day was $7.21, while its highest was $7.74.
Monero
XMR price waned nearly 1% over the past day to $171.73. The coin’s intraday low and high were recorded as $170.20 and $174.57, respectively.
Additionally, the one-hour graphs illustrate a 0.11% drop in Bitcoin, while Ethereum, Solana, and Ripple are still rising. This development has fueled more investor discussions about the current crypto market trends.
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2024-09-19 07:49