The cryptocurrency market saw a whirlwind of price movements today, sparking global speculation among investors. While Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) faced turbulence, Quant (QNT) and Beam emerged as top gainers in an otherwise shaky market. Despite these fluctuations, the global crypto market cap posted a modest 0.15% rise, reaching $2.04 trillion, while overall trading volume fell by 15%, settling at $61.35 billion.
Here’s a breakdown of how some of the top cryptocurrencies performed today:
Bitcoin (BTC) Price Today – Struggles Near $58K
Bitcoin price traded at $57,893 today, marking a slight decline of 0.76% over the past 24 hours. The leading cryptocurrency faced resistance at the $58,000 level, with an intraday high of $58,534.36 and a low of $57,354.41. Despite inflows of $39.02 million into Bitcoin ETFs as of September 12, the coin struggled with volatility, leading to a slight dip in market dominance by 0.03%, now resting at 56.18%.
Ethereum (ETH) Price Today – Minor Losses Amid ETF Outflows
Ethereum, the second-largest cryptocurrency by market cap, traded at $2,359 today, down 0.39% over the past day. Its price hit a daily low of $2,316.16 and a high of $2,379.03. The negative movement was accompanied by $20.14 million outflows from spot Ethereum ETFs, contributing to the cautious sentiment surrounding ETH. Ethereum’s total market cap stood at $283.85 billion.
Solana saw its price drop nearly 1% to $134, with a 24-hour low of $133.53 and a high of $136.61. Despite its substantial market cap of $63.03 billion, SOL couldn’t escape the broader market’s volatile sentiment, remaining subdued alongside its competitors.
Unlike its peers, XRP stood out by gaining 4.5% over the past 24 hours, trading at $0.5616. XRP’s price movement ranged from a low of $0.5355 to a high of $0.5809. XRP’s strong performance pushed its market cap to $31.66 billion, bucking the general bearish market trend and gaining momentum.
Meme Coins – Dogecoin and Shiba Inu Show Mixed Performance
Meme coins saw mixed action today, with Dogecoin (DOGE) slipping by 0.6% to $0.102, and Shiba Inu (SHIB) registering marginal gains, trading at $0.00001342. Additionally, lesser-known meme tokens like Pepe Coin, Dogwifhat, and FLOKI traded in the red, following the overall market trend.
Amid the turbulent market, Quant (QNT) defied the odds with an impressive 9% surge, hitting $77.27. The altcoin posted an intraday low of $70.41 and a peak of $77.88. Similarly, Beam (BEAM) saw a 7% price uptick, trading at $0.0144. With a low of $0.01343 and a high of $0.01454, Beam’s upward momentum attracted investor attention.
While some coins surged, others struggled. AAVE led the list of losers with a 6% drop, trading at $143. Meanwhile, Helium (HNT) dropped 4% to $7.71, and THORChain (RUNE) fell by 3%, settling at $3.88. Investors kept a close eye on these altcoins as their short-term bearish movements raised concerns.
Also Read: eToro Settles SEC Charges – Pays $1.5M, Limits U.S. Crypto Trading to 3 Assets
Despite some coins outperforming, the broader crypto market remains highly volatile. With Bitcoin and Ethereum showing minor hour-to-hour losses of 0.04% and 0.03%, respectively, traders are bracing for more turbulence in the days to come.
As the crypto market evolves, the focus remains on key support levels, ETF inflows, and investor sentiment, which will likely shape the next phase of price action.
Disclaimer: The information in this article is for general purposes only and does not constitute financial advice. The author’s views are personal and may not reflect the views of Chain Affairs. Before making any investment decisions, you should always conduct your own research. Chain Affairs is not responsible for any financial losses.
About The Author
