Cryptocurrency News Today (Sept 16th, 2024): Bitcoin, Ethereum, and Major Altcoins Tumble?

The cryptoverse has commenced the week on a bearish note. The industry’s market cap is down by 2.36% to $2.04 Trillion. However, the trading volumes have risen by 77.80% taking the numbers to $62.59B. Currently, Bitcoin price is at, $58,687.58, Ether on the other hand is holding its price at $2,307.8. SOL and XRP prices have borne the brunt with a loss in prices by 2.67% & 2.14%.

Bitcoin Price Today: What to Expect Next?

BTC price is hovering around $58,757.33, with gains being negative by 2.05%. The price has dipped amidst fear and uncertainties resulting from news around Trump, the FED rate hike, and the presidential elections. However, the volumes have risen by 111% over the previous day. We can expect the Bitcoin price to reclaim the $60k mark as the heated situation normalizes.  

Concerned about where the BTC price is headed in the future? Our Bitcoin Price Prediction answers that and much more!

Altcoins Prices Today: Ether Price Plummets 4%

Earlier today, the ETH price dropped to $2,260 amidst rising concerns around FED’s announcements and growing FUD. Resulting in ETH’s lowest ETH/BTC ratio since April 2021. Other top altcoins like Solana, XRP, and Toncoin prices are down 2.43%, 2.33%, and 2.4%. 

Top Gainers Today: 

• SUI price is up 4.29% to $1.11, driven by its strong technicals.
• Fantom price has surged 1.98% to claim a tag of $0.498, fueled by its Sonic Testnet, and wallet credit scoring system.

Top Losers Today:

• CKB price has corrected by 8.4% to $0.01553 after a healthy uptrend.
• FET has lost 7.8% of its value, which has taken its price down to $1.30.

In the middle of the turmoil, Microstrategy continues to add more Bitcoin to its portfolio. It has now purchased 18,300 BTC worth $1.1 billion, raising its total holdings to 244,800 BTC