Ethereum

Solana

Bitcoin

Shiba Inu

In anticipation of the upcoming FED interest rate decision, the crypto market is showing strong movement. While Bitcoin continues to surge, some altcoins, like XRP, are facing challenges. Overall, the global crypto market volume increased by 3.33%, with the total market capitalization seeing a rise of 20.26%. 
<h2 id="bitcoin-and-ethereum-lead-the-market-rally">Bitcoin and Ethereum Lead the Market Rally</h2> 
As of September 18, <a href="https://thebitjournal.com/microstrategys-bold-move-a-new-bitcoin-purchase-plan/" target="_blank" rel="noopener">Bitcoin </a>is trading at $60,660, marking a 4% increase in the last 24 hours. Throughout the day, Bitcoin fluctuated between $58,035 and $61,316, driven largely by a $186.76 million influx into Bitcoin ETFs. As a result, Bitcoin’s market capitalization has now reached $1.2 trillion. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-44973" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-91-1536x649-1.webp" alt="Bitcoin Rises Before the FED: Ethereum and Solana Gain, but XRP Struggles = The Bit Journal" width="1536" height="649" title="Bitcoin Rises Before the FED: Ethereum and Solana Gain, but XRP Struggles 24"> 
Similarly, Ethereum has experienced a 2% gain, trading at $2,334. Ethereum’s lowest and highest prices today were recorded at $2,282 and $2,392, respectively. Ethereum’s market cap stands at $281.11 billion, as positive sentiment and investor interest continue to drive the token upward. 
<h2 id="solana-gains-xrp-slips">Solana Gains, XRP Slips</h2> 
Solana (SOL) recorded a modest 0.4% increase, trading at $131. Its market capitalization has now reached $61.64 billion, with prices ranging between $130.37 and $135.49 throughout the day. Solana is benefiting from the general market optimism, although its gains remain moderate compared to Bitcoin and Ethereum.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-44972" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-92-1536x639-1.webp" alt="Bitcoin Rises Before the FED: Ethereum and Solana Gain, but XRP Struggles = The Bit Journal" width="1536" height="639" title="Bitcoin Rises Before the FED: Ethereum and Solana Gain, but XRP Struggles 25"> 
However, XRP struggled today, seeing a 1% drop to $0.5805. The token fluctuated between $0.5767 and $0.5932. XRP’s market capitalization has slipped to $32.73 billion, and speculation has increased following a large transfer by Ripple’s co-founder, Chris Larsen. 
<h2 id="meme-coins-and-other-cryptos">Meme Coins and Other Cryptos</h2> 
In the world of meme coins, Dogecoin (DOGE) and Shiba Inu (SHIB) each saw 1% gains, with DOGE reaching $0.113 and SHIB rising to $0.00001338. Other meme coins, including PEPE, WIF, and FLOKI, also experienced 2-3% increases, benefiting from the overall market optimism.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-44971" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-93-1536x635-1.webp" alt="Bitcoin Rises Before the FED: Ethereum and Solana Gain, but XRP Struggles = The Bit Journal" width="1536" height="635" title="Bitcoin Rises Before the FED: Ethereum and Solana Gain, but XRP Struggles 26"> 
Meanwhile, some other cryptocurrencies faced losses today. Helium (HNT) fell by 3%, trading at $6.76, while Maker (MKR) saw a 2% decrease, settling at $1,485. Arweave (AR) also dropped 1.5% to $18.72, causing short-term uncertainty among investors. 
<h2 id="the-road-ahead-for-cryptos">The Road Ahead for Cryptos</h2> 
As the market reacts to the impending FED interest rate decision, investors are closely watching how it will impact Bitcoin and other major altcoins. While top coins like Bitcoin and Ethereum show strength, others, such as XRP, continue to face downward pressure. The coming days will likely bring more volatility as the market responds to the FED’s announcement.

Bitcoin Rises Before the FED: Ethereum and Solana Gain, but XRP Struggles

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The Bit Journal

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