The cryptocurrency market has seen a mixed bag of performances today, with Bitcoin (BTC) and Ethereum (ETH) showing a decline, while some altcoins, like Celestia (TIA), have surged. The global crypto market cap dropped 0.81% to $2.22 trillion, while market volume saw a 29% spike, reaching $75.93 billion.
Bitcoin and Major Altcoins Face Declines
Bitcoin Price Update Bitcoin’s price dropped by over 2% in the last 24 hours, briefly hitting $62,000 before stabilizing at $62,946. The flagship cryptocurrency has seen reduced inflows, with just $4.56 million entering Bitcoin ETFs as of September 23. This decrease in inflows aligns with Bitcoin’s reduced dominance, now at 56.26%. Additionally, MicroStrategy’s chairman, Michael Saylor, proposed using Bitcoin as collateral for loans, stirring further debate on the asset’s long-term potential.
Ethereum Price Decline Ethereum (ETH) followed Bitcoin’s trend, losing 2% in value and trading at $2,628. Significant outflows from Ethereum ETFs, totaling $79 million, and continued sales by the Ethereum Foundation have contributed to the token’s downturn.
Solana and XRP Price Drop Solana (SOL) saw a 1% drop, with its current price at $146. XRP also dipped by 1.5%, trading at $0.5853. The recent transfer of 200 million XRP by Ripple has triggered discussions in the crypto community, adding to XRP’s volatile movement.
Meme Coins Follow Suit
In the meme crypto sector, Dogecoin (DOGE) dropped 0.2% to $0.1081, while Shiba Inu (SHIB) fell by 2% to $0.00001449. Other meme tokens like Pepe Coin (PEPE) and Floki (FLOKI) also saw declines between 0.5%-3%.
Top Gainers Today: Celestia, Arweave, and NEAR Protocol
Celestia (TIA) emerged as the biggest winner today, with its price surging by 20% to $6.5. The spike comes after the Celestia Foundation raised $100 million for development efforts. Arweave (AR) also saw a 14% rise, trading at $23, while NEAR Protocol posted a 10% increase, trading at $5.27.
Biggest Losers: UNUS SED LEO, Fantom, and Pendle
On the downside, UNUS SED LEO (LEO) dropped by 6%, currently trading at $5.55. Fantom (FTM) and Pendle (PENDLE) also saw losses of 6% and 5%, respectively.
