Crypto Price Update September 16: BTC at $58K, ETH, XRP and Major Altcoins Declines

The new week has seen major declines in the prices of the majority of the crypto in the market. While investors have been hoping for a breakthrough that would ignite a possible rally, the market has reacted otherwise, exhibiting a global red situation according to the crypto heat map. Data from CoinMarketCap show that the total market valuation has dropped significantly by 2.78% to rest at $2.04 trillion.

After rising to a ‘neutral’ level of 51 points yesterday, the investor’s sentiment in the market, as measured by the crypto fear and greed index, has dropped again to the ‘fear’ region. According to Alternative data, today’s value points to 39. This underscores the growing uncertainty surrounding the market as participants continue to hope for an imminent uptrend. Below is a snapshot of some of the top cryptocurrencies and how they have reacted in the last 24 hours.

Top Crypto Prices Today

The price of Bitcoin, the largest cryptocurrency, has declined over the last day. Per CMC data, BTC reached a high of $60k yesterday but has quickly shed lots of its gains, declining by 2.16% to trade at $58,916. Moreover, its trading volume within the recorded time has skyrocketed by 77% to $24.8 billion, indicating increasing selling activities among investors. Interestingly, the Bitcoin exchange-traded fund (ETF) product saw a major inflow of $263.07 million as of September 13, indicating growing interest among institutional investors in the product.

The second-leading cryptocurrency, Ethereum, has seen the most losses among the top 10 cryptocurrencies. According to CoinMarketCap data, the price of ETH plummeted by 4.71% to trade at $2,3106 at the time of writing. Additionally, Ethereum traded between the range of $2,261.25 and $2,423.14 respectively while recording a $1.52 million daily total net ETF inflow as of September 13 according to Soso Value data.

Other Altcoin Prices

Solana saw the second most losses in the last 24 hours after dropping by 5.22% to change hands at $131.24. Additionally, the price of Solana touched the bottoms and tops of $129.68 and $137.08 respectively in the last 24 hours.

The price of XRP recorded a decline of 2.98% to rest at $0.5718 at the time of publication. Its 24-hour bottoms and tops were recorded at $0.5604 and $0.5905 respectively. Coinfomania reported earlier today that the Robinhood exchange has relisted XRP as a tradable asset on its platform following Ripple’s legal victory against the Securities and Exchange Commission. Following the update, the price of the asset nearly touched $0.6 but soon retracted to its current levels. The recent listing could pose a precedent to other exchanges that previously removed XRP from their platforms since its clarity has been established.

Binance Coin (BNB) saw declines in the last 24 hours. At press time, BNB dipped by 0.65% to trade at $551.60 and maintained a 24-hour range of $541.52 and $562.12 respectively. TRX however, saw gains in the last 24 hours. The coin climbed 1% to change hands at $0.1489 with 24-hour lows and highs of $0.1471 and $0.1495 respectively.

Toncoin (TON) reduced by 2.83% to touch $5.59 with a 24-hour trading range of $5.43 and $5.75.

The memecoin market has seen notable declines in the last 24 hours. Dogecoin (DOGE) and Shiba Inu (SHIB), the two fronts memecoins both dropped significantly within this time. While DOGE lost 3.07%, SHIB declined by 3.03%. As a result, DOGE and SHIB traded at $0.1025 and $0.00001338 respectively.

Top Trending Crypto Gainers Today

STP (STPT) surged 25.03% to $0.05401

SwissCheese (SWCH) gained 19.62% to $0.7813

Storj (STORJ) moved up by 8.35% to $0.3894

Saga (SAGA) jumped by 5.97% to reach $1.6358

Fantom (FTM) added 4.77% to $0.5124