Crypto News- Today’s Cryptocurrency Price Update: The start of the week brought positive momentum to the cryptocurrency market on Monday, September 18, with major cryptocurrencies showing strong performances. Investors appeared to regain confidence in digital assets, leading to a notable uptick in prices across the board. The crypto market’s fear and greed index stood at 46, reflecting improving sentiment compared to the previous week.
Today’s Cryptocurrency Price Update: Bitcoin and Chainlink Surge, While Pepe Coin Takes a Downturn
In the realm of cryptocurrency, Bitcoin, the heavyweight champion by market capitalization, displayed a rather modest 0.15% uptick in its price over the course of the past 24 hours, landing at a respectable $26,585.27. Over the preceding seven days, it managed to secure a 3.23% increase in value.
The one-day trading volume for Bitcoin surged by a notable 8.60%, reaching a substantial $7,584,351,492. In stark contrast, Ethereum’s price remained relatively stable, holding steady at $1,629.15 within the past 24 hours, although its trading volume experienced a noteworthy uptick of 21.8%, culminating in $3,395,921,308 during the same period. Ethereum exhibited a more modest 1.16% increase in price over the past week.
Meanwhile, XRP saw a slight price uptick of 0.11%, bringing it to a value of $0.4973 in the previous 24 hours, accompanied by a substantial 10.95% surge in trading volume, totaling $551,078,138. Litecoin also joined the ranks of gainers, with a respectable 1.06% increase, trading at a solid $64.63 at the time of this writing. Solana managed to muster a 0.36% gain, reaching $19.06.
However, it appears that investors have shifted their focus away from meme coins, opting instead for major cryptocurrencies. Dogecoin experienced a slight decline of 0.72%, resulting in a price of $0.06169, while its trading volume surged by a noteworthy 16.73%, amounting to $166,501,198. In contrast, Shiba Inu’s price dipped by 0.57% to $0.000007279 from the previous day, with its trading volume experiencing a 12.92% uptick, reaching $70.29 million.
The broader cryptocurrency market witnessed a collective increase of 0.25% in market capitalization over the past day, bringing the total to a substantial $1.06 trillion. Additionally, the one-day trading volume noted a 1.11% increase, reaching $18.69 billion.
Pepe Coin faced a significant setback on September 18, witnessing a notable decline of 4.96%, causing its price to plummet to $0.0000006338. In tandem, its market capitalization followed suit, also decreasing by the same percentage to $248.3.66 million. However, there was a silver lining as its trading volume surged by a remarkable 75.44%, reaching $49.83 million. Market experts speculate that Pepe Coin may continue to experience losses in the days to come.
Chainlink (LINK), on the other hand, emerged as a star performer, boasting an impressive 5.39% increase in its price within the past 24 hours, reaching $6.58. Its market capitalization mirrored this surge, rising by 5.40% to $3,662,793,427. The trading volume for LINK saw a meteoric 78.59% increase, clocking in at $164,467,457. Recent reports have also indicated the unlocking of 82.75 million LINK tokens since August of the previous year, with approximately 72 million LINK subsequently being deposited into Binance.
ApeCoin (APE) managed to secure a 3.84% gain within the past 24 hours, trading at $1.14 on Monday. Its market capitalization held steady at $419,776,478, while its one-day trading volume surged by an impressive 39.47%, reaching $81,043,399. These recent gains have succeeded in offsetting some of its prior losses, which had amounted to a 6.29% price drop over the course of the past seven days.