Crypto News– On September 29 crypto prices, the cryptocurrency market witnessed a bullish takeover, evident from the positive momentum pervading the broader market. Investors appeared to have regained their confidence in the crypto space, with several altcoins registering significant gains. Notably, the crypto market fear and greed index stood at 42 at the time of writing, indicating a neutral sentiment prevailing in the sector.
September 29 Crypto Prices: BTC Edges Closer to 27,000 Dollars, Notable Rallies in Pepe Coin and COMP
The recent upsurge in prices prompted some investors to contemplate the volatile nature of the cryptocurrency industry. Nonetheless, the substantial gains observed in various cryptocurrencies suggested that market participants had cast aside their apprehensions stemming from recent uncertainties.
Investors were closely monitoring key economic data scheduled for release later in the day, including personal income, personal spending, Personal consumption expenditures (PCE), and Core PCE, among other indicators.
As of writing, on Friday, September 29, Bitcoin’s price had climbed 2.13% to reach $26,928.74. The largest cryptocurrency by market capitalization was inching closer to the $27,000 threshold, propelled by its 2%+ gain in the early trading session. Its daily trading volume had surged by 13.02% to $14 billion, and its market capitalization had increased by 2.36% to $525.07 billion.
Meanwhile, Ethereum had surged by 2.77% to reach $1,650.17 during the same period, with its trading volume surging by 6.06% to $6.40 billion over the past 24 hours. The more than 2% gain observed in both leading cryptocurrencies reflected the optimistic sentiment among traders.
Among other notable altcoins, XRP’s price had risen by 2.27% to $0.5092, although its daily trading volume had dipped by 1.28% to $772.57 million. Conversely, Cardano’s price had climbed by 2.56% to $0.25 during the time of writing, accompanied by a 2.5% increase in its market capitalization, reaching $8.78 billion.
Solana had experienced a substantial surge of approximately 5%, trading at $20.16 during the same period, with its trading volume also witnessing a boost of 11.75% to $246.73 million. In the realm of meme coins, Dogecoin had recorded a 1.72% increase, reaching $0.06151, although its daily trading volume had slipped by 15% to $132.72 million. Shiba Inu’s price had added 1.29%, reaching $0.000007316 at the time of writing, though its daily trading volume had declined by 9.79% to $72.6 million.
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