Bitcoin

UNUS SED LEO

Shiba Inu

Celestia

In today’s cryptocurrency landscape, volatility reigns as prices have experienced a significant drop, stirring concerns among investors. While Bitcoin and leading altcoin projects have seen a decline in value, a surprising altcoin has emerged as the biggest winner. As a result, the total global cryptocurrency market cap has decreased by 0.81%, now sitting at $2.22 trillion, even as market volume surged by 29% to reach $75.93 billion. 
<h2 id="bitcoin-faces-sharp-decline">Bitcoin Faces Sharp Decline</h2> 
Bitcoin (BTC) has faced a notable setback, with prices falling over 2% in the last 24 hours, plummeting to $62,946. Throughout the day, BTC traded between $62,737 and $64,455, raising concerns among investors. Notably, the inflow into Bitcoin ETFs was merely $4.56 million, reflecting investor apprehension. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-46174" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-122-1536x607-1.png" alt="Market Update: Prices Plummet, One Altcoin Soars! = The Bit Journal" width="1536" height="607" title="Market Update: Prices Plummet, One Altcoin Soars! 25"> 
Bitcoin’s market dominance has also slipped by 0.3%, landing at 56.26%, with a market cap now recorded at $1.25 trillion. The cryptocurrency’s sluggish performance is further exacerbated by the fluctuations following the FOMC meeting. 
<h2 id="ethereum-s-price-surprises-investors">Ethereum’s Price Surprises Investors</h2> 
Ethereum (ETH) has not been immune to the downturn, experiencing a 2% drop to trade at $2,628. During the day, ETH fluctuated between $2,610 and $2,701. Its market cap has now decreased to $316.27 billion. Additionally, $79 million exited Ethereum ETFs, coupled with selling pressure from the Ethereum Foundation, contributing to further downside for the leading altcoin.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-46175" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-123-1536x620-1.png" alt="Market Update: Prices Plummet, One Altcoin Soars! = The Bit Journal" width="1536" height="620" title="Market Update: Prices Plummet, One Altcoin Soars! 26"> 
<h2 id="solana-and-xrp-continue-to-decline">Solana and XRP Continue to Decline</h2> 
Solana (SOL) has also recorded a 1% drop, trading at $146. The day’s lowest price was $142.64, with a peak of $148.15. Solana’s market cap has fallen to $68.68 billion, reflecting its recent downtrend as investors note weak market dynamics.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-46176" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-125-1536x622-1.png" alt="Market Update: Prices Plummet, One Altcoin Soars! = The Bit Journal" width="1536" height="622" title="Market Update: Prices Plummet, One Altcoin Soars! 27"> 
Similarly, XRP’s price has dipped by 1.5%, currently trading at $0.5853. During trading hours, XRP ranged between $0.5819 and $0.5952, with its market cap now at $33.03 billion. Notably, Ripple’s transfer of 200 million XRP has sparked discussions within the global crypto community, intensifying speculation surrounding XRP. 
<h2 id="meme-coins-follow-suit">Meme Coins Follow Suit</h2> 
The meme coin sector has mirrored the overall market’s decline. Dogecoin (DOGE) has decreased by 0.2%, now valued at $0.1081, while Shiba Inu (SHIB) fell 2% to $0.00001449. Other meme coins like Pepe (PEPE), Dogwifhat (WIF), and Floki (FLOKI) have seen losses ranging from 0.5% to 3%.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-46177" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-126-1536x612-1.png" alt="Market Update: Prices Plummet, One Altcoin Soars! = The Bit Journal" width="1536" height="612" title="Market Update: Prices Plummet, One Altcoin Soars! 28"> 
<h2 id="winners-and-losers-in-altcoin-projects">Winners and Losers in Altcoin Projects</h2> 
Celestia (TIA) stands out as a significant gainer, soaring nearly 20% to trade at $6.5. This rise coincides with the Celestia Foundation securing $100 million for development efforts. Other notable gainers include Arweave (AR) with 14% growth and NEAR Protocol, rising 10%. On the flip side, UNUS SED LEO (LEO) has dropped 6%, along with Fantom (FTM) and Pendle (PENDLE) both decreasing by 5%.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-46178" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-127-1536x682-1.png" alt="Market Update: Prices Plummet, One Altcoin Soars! = The Bit Journal" width="1536" height="682" title="Market Update: Prices Plummet, One Altcoin Soars! 29"> 
As reported by The Bit Journal, the cryptocurrency market remains highly volatile. Investors are urged to thoroughly assess projects and consider potential risks before making investment decisions.

Market Update: Prices Plummet, One Altcoin Soars!

목차

The Bit Journal

2024년 9월 24일에 게재된 다른 기사

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