Crypto News- Crypto Price Report: The cryptocurrency market is showing signs of recovery following the turbulent trading session on Tuesday, September 26. Investors are gradually regaining their confidence in the market after recent macroeconomic factors and regulatory challenges had cast a shadow over the risk appetite of traders, erasing the gains seen in the previous week. However, it’s worth noting that the cryptocurrency market’s fear and greed index currently stands at 39, indicating that caution still prevails among investors.
Crypto Price Report: Bitcoin’s Remarkable Surge, Pepe Coin and FXS Show Top Performance
Turning to Bitcoin, the largest cryptocurrency in terms of market capitalization, it continues to grapple with staying above the $27,000 mark. It managed a modest 0.72% increase, reaching $26,360.27 from the previous day. Its 24-hour trading volume also saw a 7.18% uptick, amounting to $10.75 billion at the time of this writing.
Ethereum, on the other hand, has experienced a 0.96% price uptick over the past 24 hours, bringing its value to $1,592.10. Despite these recent gains, Ethereum’s price has faced a 2.6% decline over the past week, and its one-day trading volume dropped by 0.98% to $3.78 billion.
Looking at Cardano, it was traded at $0.2463 on September 26, marking an 0.86% increase from the previous day. Its market capitalization also witnessed a similar gain, reaching $8.65 billion. Notably, its one-day trading volume surged by an impressive 40.3%, reaching $117.34 million. In parallel, Polkadot’s price saw a 1.40% rise to $4.06, accompanied by a 33.8% increase in trading volume, totaling $97.65 million.
However, the sentiment in the meme coin sector has been somewhat mixed. Dogecoin recorded a modest 0.27% price increase, reaching $0.06106 in the last 24 hours. Nonetheless, its trading volume experienced an 18.17% decrease, falling to $104.20 million. Conversely, Shiba Inu’s price declined by 0.78%, resting at $0.000007312 during this writing on Tuesday.
The recent gains observed in Bitcoin and several major cryptocurrencies have contributed to a broader market recovery. The global cryptocurrency market capitalization increased by 0.70%, reaching $1.05 trillion compared to the previous day, while trading volume surged by 9.09% to $22.79 billion.
In today’s market, the top 4 cryptocurrencies to watch include:
Pepe Coin Rises by 3%: Pepe Coin displayed a 2.94% price increase in the last 24 hours, reaching $0.0000007144, with a notable 35.16% surge in trading volume, which stood at $68.56 million. The meme coin seems to be in a consolidation phase, potentially maintaining its momentum in the coming days, having gained over 12% in the past week.
Frax Share (FXS) Surges by 5%: Frax Share’s price recorded a 5.28% increase to $5.76, with a significant 59.55% surge in one-day trading volume, reaching $19.15 million. The cryptocurrency’s market capitalization also witnessed a 5.31% increase, reaching $427.11 million, despite no specific news driving this recent surge.
Chainlink (LINK) Soars by 4%: Chainlink experienced a 4.03% price increase, reaching $7.50 as of September 26. The cryptocurrency’s one-day trading volume surged by 37.83% to $253.76 million, and its market capitalization rose by 4% to $4.17 billion. Chainlink recently announced a partnership with Coin98 Labs, the creator of Coin98 Finance, aiming to provide premium Web3 services and marketing opportunities to the Southeast Asian developer community.
Maker (MKR) Adds 4%: Maker’s price exhibited a 4.32% jump, reaching $1,338.31 at the time of writing, with a 27.02% increase in 24-hour trading volume, totaling $57.73 million. The cryptocurrency has been attracting notable investor attention lately, as evidenced by a gain of nearly 7% over the past seven days.
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