Cryptocurrency Prices Today (September 17): Market Volatility Sparks Global Investor Interest

Cryptocurrency Prices Today (September 17): Market Volatility Sparks Global Investor Interest

Over the past 24 hours, the cryptocurrency market exhibited significant volatility, heightening global investor speculation. Bitcoin (BTC) struggled to break past the $58,000 mark, while Ethereum (ETH) traded around $2,200. As of today, the global crypto market cap saw a slight increase of 0.04%, reaching $2.02 trillion, with a notable 23.04% surge in total market volume to $63.69 billion.

Meanwhile, Solana (SOL) and XRP remained strong in the green, showcasing bullish momentum. Below is a summary of the leading cryptocurrencies by market cap and their price movements on September 17.

Bitcoin and Ethereum: Struggles Persist, but SOL and XRP See Gains

Bitcoin and Ethereum prices have remained near their previous levels, showing minimal movement. However, Solana and XRP made significant upward strides.

Notably, the market remains jittery ahead of the Federal Open Market Committee (FOMC) meeting, where a 50-basis-point rate cut by the U.S. Federal Reserve is anticipated. Data from the CME FedWatch Tool indicates growing expectations of this cut.

Bitcoin Price Today

Bitcoin is currently priced at $58,098, reflecting a 0.7% dip over the last 24 hours. The coin recorded a 24-hour low of $57,501.34 and a high of $59,154.62.

This volatility coincides with $12.8 million in inflows into Bitcoin ETFs, fueling further speculation among market observers. Despite the price fluctuations, Bitcoin’s dominance in the market saw a 0.16% decline, now standing at 56.71%.

However, optimism remains. A recent CryptoQuant report on X (formerly Twitter) revealed that new whales and Binance traders are accumulating Bitcoin, while long-term holders maintain their positions, indicating continued confidence in the asset.

Ethereum Price Today

Ethereum has shown modest gains, rising by 0.3% and currently trading at $2,284. The coin’s intraday low was $2,263.79, while its high reached $2,334.79.

Concerns have surfaced as U.S.-based Ethereum spot ETFs saw $9.4 million in outflows as of September 16. Another CryptoQuant report highlighted that Ethereum’s futures market has posted its lowest funding rates in 2024, further intensifying market uncertainty around the asset.

Solana Price Today

Solana (SOL) is trading at $131, up 0.6% in the past 24 hours. The coin’s daily low and high were recorded at $129.14 and $132.30, respectively. Solana’s market cap is currently $61.52 billion.

XRP Price Today

XRP experienced a notable price surge of nearly 4%, currently trading at $0.5868. Its intraday low and high were $0.5658 and $0.5898, respectively. The surge follows a significant transfer of 40 million XRP tokens by whales, stirring further interest in the market. XRP’s market cap stands at $33.08 billion today.

Meme Coins Performance

In the meme coin sector, Dogecoin (DOGE) saw a 1.5% drop, trading at $0.09982, while Shiba Inu (SHIB) fell 0.7% to $0.00001319. On a brighter note, PEPE rose by 0.17%, and WIF gained 1% over the last 24 hours.

Top Cryptocurrency Gainers Today

1. Fantom (FTM): Up 7%, currently trading at $0.5155, with a daily range of $0.4842 to $0.5301.
2. Celestia (TIA): Increased by 4%, now at $4.83, with lows and highs of $4.48 and $4.84.
3. BitTorrent (BTT): Gained 5%, currently at $0.0000008865, ranging from $0.0000008368 to $0.0000009064.

XRP also ranked among today’s top gainers.

Top Cryptocurrency Losers Today

1. Sei (SEI): Dropped 7%, trading at $0.2701, with a daily low of $0.2657 and a high of $0.2965.
2. Nervos Network (CKB): Declined 5%, priced at $0.0155, with lows and highs of $0.01502 and $0.01698.
3. Render (RENDER): Fell 4%, currently at $4.67, with a daily range of $4.66 to $4.99.

In conclusion, cryptocurrency prices today reflected mixed movements, keeping investors on edge. Bitcoin saw a slight 0.04% increase, while Ethereum slipped by 0.02%, leaving the market in a state of uncertainty.