Today’s crypto prices have sparked optimism among global market observers. Bitcoin (BTC) surged past $60K, while Ethereum (ETH) and Solana (SOL) followed suit with notable gains. However, XRP bucked the broader trend, trading in the red.
Despite this, the global crypto market cap rose by 3.33% in the last 24 hours, reaching $2.08 trillion. Additionally, total market volume increased significantly by 20.26%, amounting to $75.85 billion. Here’s a brief overview of the price movements for some of the top cryptocurrencies by market cap as of September 18.
With the FOMC approaching and growing expectations of a Fed rate cut, risk assets like Bitcoin have experienced significant volatility, sparking investor speculation worldwide. Over the course of the day, BTC rebounded from $58K to $60K, while ETH surpassed $2,300. Altcoins generally followed the upward trend, though some diverged from market sentiment.
BTC was priced at $60,660 today, marking a 4% increase in the last 24 hours. The coin’s intraday low and high were $58,035.24 and $61,316.09, respectively.
This bullish movement coincides with a substantial $186.76 million inflow into Bitcoin ETFs as of September 17, according to Soso Value data. Meanwhile, Bitcoin's dominance increased by 0.58% to 57.27%. The coin's market cap stood at $1.2 trillion.
ETH gained 2% over the last 24 hours, currently trading at $2,334. Its intraday low and high were $2,282.34 and $2,392.15, respectively.
Despite spot Ethereum ETFs experiencing outflows of $15.11 million, ETH has maintained its upward momentum in line with the broader market trend. The market cap for ETH was $281.11 billion today.
Interestingly, a recent CoinGape analysis highlighted several factors driving ETH’s rise, including growing investor interest and resilience.
SOL saw a modest 0.4% increase in the past 24 hours, currently priced at $131. Its 24-hour low and high were $130.37 and $135.49, respectively, with a market cap of $61.64 billion.
On the other hand, XRP dropped 1% over the last 24 hours, countering the broader market trend and resting at $0.5805. Its intraday low and high were $0.5767 and $0.5932, respectively. XRP’s market cap stood at $32.73 billion. This decline followed a transfer of 50 million XRP by Ripple’s Chris Larsen, which stirred market discussions.
Dogecoin gained 1%, trading at $0.113, driven by renewed network activity. Similarly, Shiba Inu rose 1% to $0.00001338.
Meme coins PEPE, WIF, and FLOKI also saw gains of 2-3% over the past 24 hours, reflecting continued optimism in the meme sector.
