Crypto Prices Today September 16: BTC Drops To $58K, Major Altcoins Mirror Dip

Crypto prices today created a very serious market concern and started a bearish trend at present. BTC, ETH, SOL and XRP continues bearish trend as the market awaits the FOMC decision. It again drops down to $58K level to Bitcoin and this is despite having weekly ETF inflows. 

It can be observed that Ethereum, Solana, and XRP share a downtrend movement. Several AI coins including TAO and INJ borne the brunt of market fluctuations today.

The current crypto prices have raised concerns among Traders and investors across the globe nowadays. The BTC broke down to the $58k level again while the major altcoins have largely reflected the bearish run. The total market capitalization of this digital currency all over the world experienced a 3. a Loss of value by a staggering 93 percent or a decline to a value of $2. 02 trillion today. 

However, the total market volume increased by 33 percent and several leading companies successfully introduced new products that seemed to meet customers’ needs. 54% to $51. 74 billion. Below is a record of some of the major cryptocurrencies by market capitalization and how they have fared today, September 16.

Crypto Prices Today: BTC, ETH, SOL, & XRP Wane

Today, BTC price dropped to $58K and ETH went below $2,300. SOL and XRP prices also slipped 4% to 5% today, which unveiled more problems for the market, especially with the U. S. FOMC looming. Most important of all, the forecast a rise in the market in tandem with expectations of a 50 bp fed rate cut has increased substantially the crypto market meets turbulency.

Read more:- Is Dogecoin Dead In 2024? A Look Into Its Future

Bitcoin Price Today

BTC price chart shows that the value of Bitcoin declined by 3% and current price it is $58,408. The lowest price of the coin throughout the intraday was $58,144 and the highest price was $62,925. 08 and $60,381. 92, respectively. The market capitalisation of bitcoin was at $1. 15 trillion today.

This slumping movement takes place at a time that $403. It is estimated that 81 million, flowed into Bitcoin ETFs in the last week alone. In the meantime, btcf share the position of the flagship crypto dominance of which increased by 0. 35% increase to $51. 74 billion. Notably, the Whale Alert data highlighted massive BTC accumulation over the weekend thus, providing some light to the future movement in the asset.

Ethereum Price Today

ETH price showed a significant amount of retracement bringing the price down to $2,272 below the 20-day moving average by a nearly 6% in the last 24 hours. Intricacies of the coin included the fact that its lowest it was $2,253 in an intraday low whereas the intraday high was recorded to be $2,609. 71 and $2,424. 43, respectively.

The lost price movement of Ethereum resonates to the $12. It amounts to 92 million of weekly outflows of ETH ETFs. This meant that Ethereum’s market cap was at $273. 94 billion.

ETH whale dumps to coinbase appeared to be one of the major trends in the last 24 hours where the asset was bearish today.

Solana Price Today

At the same time, the crypto SOL slightly fell by different nearly by 5% – to $ 130. 53 today. The low and high of the day was set to be $129 at the 24 hours period. 38 and $137. 59, respectively. Solana’s market capitalization was at $61 as it sat on investments. 1 billion.

At the same time, the XRP price declined by 4% in the last 24 hours and is now at $0. 5659. The least that this particular coin was quoted during the course of that day’s trading was $0. 5607 and $0. 5903, respectively. Market capitalisation of XRP stood at $31. 91 billion today. 

Entangled in Whale Alert data, traders have developed rather mixed sentiment towards XRP price movements over the last 24 hours pointing at numerous dumps and accumulations by whales.

Meme Coins Prices Today

The newest suffix to the bearish trend is Dogecoin (DOGE) which is currently down 4% and trading at $0. 1012. At the same time, Shiba Inu’s token, SHIB, dropped by 4% to $0. 00001326 accross the past day. Even other tokens like PEPE, WIF, & FLOKI for instance fell between 5% and 7% in today’s trading.

Today’s Average Crypto Top Gainers

Nervos Network

CKB price went a little above a nearly 9% increase, going against the overall market flow and trading at $0. 01579. It’s lowest point of the day was $0 and the highest point it touched was $0. 01464 and $0. 01749, respectively.

Helium

HNT price increased to almost $ 2. 5% today and the price of the commodity ranges from $7. 31. The lowest price for the coin on this day and the highest, based on the intra-day fluctuations were $7. 03 and $7. 61, respectively.

Monero

XMR has appreciated and is almost up by 0 percent in the past 24 hours. As for Bitcoin, it increased by 5% within the past day and it has now stabilized at $171. 12. The lowest intraday price of the coin was $169 while the highest was $169. 44 and $171. 70, respectively.

Top Crypto Losers: Prices Today

Bittensor

TAO price crashed 12% in the past 24 hours and is currently trading at $300. The coin’s intraday low and high were recorded as $292.29 and $333.93, respectively.

Injective

The price of INJ fell by almost 10% rendering a very volatile market situation. in the last 24 hours increased to 73%, the price of the company stock remains at $18 now. 33. The lowest point and the highest point of the coin in terms of the value was at $18. 00 and $20. 17, respectively.

Popcat

The trading platform reduced the price of the POPCAT token by $9 in the last 24 hours, and it currently values at $0.678. Additionally, the coin reached a low of $0.6641 and a high of $0.7474 during the 24-hour period.

However, the hourly time level charts continued to raise questions about the crypto prices today. Specifically, the hourly chart showed BTC rising by nearly 1%, while ETH experienced no change at 0%. Notably, at press time, ETH increased by 0.85%, which sparked a sense of optimism among market participants, especially considering today’s otherwise weak movement. Consequently, the overall market sentiment seemed to shift, although uncertainty still lingered.