Crypto Market Today
Cryptocurrency Market Overview: The market capitalization of the industry has dropped to $2.24T due to a slump in Japan and the worldwide market, which saw losses of 2.32% in the last day. With a 51.42% increase in 24-hour volume to $69.28 billion, trading activity has soared. While the BTC price fell to $63k levels in the past few hours, Ethereum and Solana incurred minor losses. Conversely, Japan’s eye on relaxing crypto rules has fueled optimism in the business.
Bitcoin (BTC) has seen a significant drop of 2.95%, now priced at $63,639.65. This dip puts further distance between Bitcoin and the highly anticipated $65k resistance level. While September is historically known to be a bearish month, industry proponents are hinting at options traders heavily buying call options for Bitcoin at a $75k strike price. In such a case, a move above $75k will push BTC to the $100k milestone.
Keen on BTC price targets? Our Bitcoin Price Prediction answers that and much more!
Over the last day, Ethereum (ETH) has decreased by 1.55% and is now trading at $2,609.64. Even with the decline, ETH is still strong and is still over the crucial $2.6k mark. While XRP (XRP) has remained nearly unchanged at $0.628, down just 0.01%, Solana (SOL) had a slight loss of 1.42%, trading at $154.18). As the volatility of these altcoins declines, investors appear to be holding back.
Curious about the long-term price targets of ETH? Read our Ethereum Price Prediction
Top Gainers:
The standout performer of the day is FTX Token (FTT), which has surged by 29.15% to $2.10, making it the top gainer. Ethena (ETHA) and Bittensor (TAO) followed suit, posting gains of 10.13% and 9.44%, respectively.
Top Losers:
Meme coin Shiba Inu (SHIB) is leading the losers, down 8.08% to $0.00001821, followed by Dogecoin (DOGE) with a 5.98% drop and Notcoin (NOT) at -5.76%.
Stay tuned for more updates as the market adjusts to these new price movements.
Solana (SOL) price has gradually followed the palpable rise of Bitcoin (BTC) and Ethereum (ETH)…
Dogecoin price has recorded a high correlation with Bitcoin, which is expected to experience a…
The demand for Bitcoin by sovereign wealth funds has skyrocketed in the past few years.…
BlackRock has heavily invested in RWA tokenization to connect TradeFi and DeFi seamlessly. The U.S.…
If you want a presale with well-defined terms, working technology, and huge upside, start here.…
Bitcoin's price is holding strongly above the important $100,000 mark, as holders keep buying whenever…
