September 30 Altcoin Market Benefits from Capital Injection, Leading to Gains in LINK, MATIC, ETH

Crypto News– The majority of the cryptocurrency market recorded gains in the previous trading day. According to CoinMarketCap data at the current moment, the collective market capitalization increased by 0.18% during this timeframe. However, there remains a lack of consensus among traders and investors regarding the market’s future direction.

Notably, Bitcoin (BTC), the market leader, experienced a 0.37% decline in its price over the last 24 hours, while Ethereum (ETH), the largest altcoin by market capitalization, achieved a 0.86% gain during the same period. Consequently, BTC was trading just below the psychological level of $27,000, specifically at $26,933.43. At the same time, ETH was valued at $1,673.28.

September 30 Altcoin Market Benefits from Capital Injection, Leading to Gains in LINK, MATIC, ETH

A significant portion of the capital inflow into the market during the past 24 hours appeared to be directed towards altcoins, with Polygon (MATIC) also experiencing daily gains. CoinMarketCap reported a 0.44% increase in the price of this altcoin. This latest uptick pushed MATIC’s weekly performance to +0.82% and elevated its price to $0.5258.

Despite the price increase, MATIC witnessed a 9.10% decline in its 24-hour trading volume. Consequently, the total trading volume for this cryptocurrency across all exchange platforms was estimated to be slightly over $235 million at the current moment.