rypto prices today raised severe market concerns, embarking upon a bearish trajectory. BTC, ETH, SOL, & XRP prices dip ahead of the FOMC.
The crypto prices today have set off waves of concerns among traders and investors globally. Bitcoin (BTC) price slipped to the $58K level once again, while major altcoins have mainly followed with a bearish movement. The global cryptocurrency market cap saw a 3.93% decline in value, reaching $2.02 trillion today. Nonetheless, the total market volume rose 33.54% to $51.74 billion.
Here’s a collection of some of the top cryptocurrencies by market cap and their price movements today, September 16.
Crypto Prices Today: BTC, ETH, SOL, & XRP Wane
While BTC price slipped to the $58K mark today, ETH moved below $2,300. Even SOL and XRP prices fell 4%-5% today, raising market concerns despite the looming U.S. FOMC. Notably, despite expectations of a 50 bp fed rate cut rising substantially, the crypto market encounters turbulency.
Bitcoin Price Today
BTC price chart illustrated a 3% dip in value and is currently resting at $58,408. The coin’s intraday low and high were recorded as $58,144.08 and $60,381.92, respectively. Bitcoin’s market cap rested at $1.15 trillion today.
This slumping movement comes despite $403.81 million inflows in Bitcoin ETFs last week. Meanwhile, the flagship crypto’s dominance witnessed a 0.35% increase to $51.74 billion. Intriguingly, Whale Alert’s data spotlighted massive BTC accumulations over the weekend, glimmering hope for the asset’s future movements.
Ethereum Price Today
ETH price illustrated a considerable pullback, falling nearly 6% in the past 24 hours to $2,272. The coin’s intraday low and high were recorded as $2,253.71 and $2,424.43, respectively.
Ethereum’s waning price movement falls in line with the $12.92 million weekly outflows of ETH ETFs. Ethereum’s market cap rested at $273.94 billion.
ETH whale dumps to Coinbase emerged as a prominent phenomenon in the past 24 hours, reflecting a bearish sentiment for the asset today.
Solana Price Today
Simultaneously, the crypto SOL’s price dipped nearly 5% to $130.53 today. Its 24-hour low and high were recorded as $129.38 and $137.59, respectively. Solana’s market cap rested at $61.1 billion.