On Monday, the crypto market had a rough day as major cryptocurrencies saw their prices drop. This suggested that people in the market were feeling negative about it.
The cryptocurrency market had a tough start to the week on Monday, September 25. Most of the major cryptocurrencies saw their prices go down, and this negative trend continued from the previous week, despite some initial gains.
Investors seemed cautious due to the uncertain and risky conditions in the market. The crypto market’s fear and greed index indicated a fear level among investors, standing at 38 during the time of writing.
Bitcoin’s price dropped below $27,000, falling by 1.60% to $26,145.99 on Monday. Its market capitalization also decreased by the same percentage, remaining at $509.71 billion, while its trading volume increased by 51.44% to $10.12 billion.
Ethereum’s price also declined by 0.89% to $1,577.99, with a market capitalization of $189.71 billion. Its trading volume surged by approximately 100% in the last 24 hours to $3.85 billion.
Among other top-ranked cryptocurrencies, XRP’s price went down by 1.14% to $0.5025, and its market cap stood at $26.75 billion. Similarly, Toncoin’s price fell by 3.70% to $2.21, and its daily trading volume increased by 10.83% to $25.35 million.
In the meme coin category, Dogecoin’s price continued to decline, dropping by 0.99% to $0.06096 in the last 24 hours, with a trading volume increase of 13% to $127.76 million. Another popular meme coin, Shiba Inu, slipped by 0.15% to $0.000007366 at the time of writing, with its trading volume decreasing by 34.66% to $89.80 million.
The overall performance of the broader market was weakened by the drop in most major cryptocurrency prices. The global cryptocurrency market cap fell by 1.08% from the previous day to $1.04 trillion, and its trading volume in the last 24 hours increased by 40.19% to $20.97 billion.
Today’s Top 4 Cryptocurrencies
1. Pepe Coin Surges by Over 4%: Pepe coin continued its positive streak, staying in the green after last week’s positive performance. Despite some initial losses last week, the crypto bounced back. Currently, the Pepe coin is up by 4.38% at $0.0000006944, but its trading volume has fallen by 22% to $40.32 million.
2. Curve Dao Token (CRV) Sees a 10% Increase: The Curve Dao Token’s price is up by 9.39% at $0.5174 at the time of writing on Monday. Its trading volume from the previous day has surged by 345.54% to $144.98 million. Notably, a whale recently moved a significant amount of CRV, around 19.56 million tokens worth approximately $10.2 million, from Binance and staked it in Convex over the past three days. The most recent whale move involved 10.44 million CRV tokens.
3. Aptos (APT) Records a 6% Surge: Aptos’ price has surged by 6.24% to reach $5.45 as of writing on September 25. Its trading volume has seen a substantial increase of 862.69% to $415.61 million. However, South Korea’s largest exchange, Upbit, recently discovered fake APT tokens created by scammers, which were mistakenly identified as real APT tokens. Consequently, bots deposited a significant amount of APT into multiple user accounts. Upbit is actively reaching out to users who sold fake APTs to facilitate refunds and has suspended APT deposit and withdrawal for security reasons.
4. UNUS SED LEO (LEO) Experiences a 3% Drop: The Unus SED LEO token has experienced a decline of 3.03%, bringing its price to $3.72 at the time of writing. However, its one-day trading volume has increased significantly by 110.8% to $923,198. Despite the recent drop, there is no specific update explaining the decline, making it one of the top losers on Monday.
Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.
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