BTC Drops To $58K, Major Altcoins Mirror Dip

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.

XRP Price Today

Meanwhile, XRP price waned 4% over the past day and is currently trading at $0.5659. The coin’s intraday low and high were $0.5607 and $0.5903, respectively. XRP’s market cap rested at $31.91 billion today. Whale Alert’s data spotlights XRP dumps and accumulations by whales in hand over the past day, sparking uncertain sentiments in the market over future price movements.

Meme Coins Prices Today

Dogecoin (DOGE) saw a 4% drop in value and is currently trading at $0.1012. Simultaneously, Shiba Inu (SHIB) price fell 4% to $0.00001326 over the past day. Even PEPE, WIF & FLOKI prices dipped 5%-7% today.

Top Crypto Gainers Prices Today

Nervos Network

CKB price soared nearly 9%, defying the broader market trend to trade at $0.01579. The coin’s intraday low and high were $0.01464 and $0.01749, respectively.

Helium

HNT price soared roughly 2.5% today and is trading at $7.31. The coin’s intraday low and high were recorded as $7.03 and $7.61, respectively.

Monero

XMR price gained nearly 0.5% over the past day and is currently resting at $171.12. The coin’s intraday low and high were $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

INJ price crashed nearly 10.73% in the past 24 hours and is currently trading at $18.33. The coin’s intraday low and high were recorded as $18.00 and $20.17, respectively.

Popcat

POPCAT price dipped 9% over the past day and is currently trading at $0.678. The coin’s 24-jour low and high were recorded as $0.6641 and $0.7474, respectively.

Nevertheless, the hourly time frame charts continued to spark speculations over the crypto prices today. BTC gained nearly 1% within the hourly chart, while ETH gained 0.85% at press time, stirring hope among market participants amid today’s waning movement.

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Coingape Staff

CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.

Disclaimer: The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.