The recent performance in the crypto market indicates that there’s a mix of feelings among investors, with some concerns lingering.
On Saturday, September 16, the sentiment in the crypto market appeared mixed as investors exercised caution due to lingering concerns. Most major cryptocurrencies traded relatively flat, with Bitcoin seeing a slight gain from the previous day. The crypto market’s Fear and Greed index remained at 38, indicating that the market was still in a “fear” zone.
Bitcoin’s price declined by 0.21% and was trading at $26,597.09 at the time of writing. Its market cap also dropped by the same percentage to $518,298,589,375. The 24-hour trading volume decreased by 8.87% to $11,573,780,915.
Ethereum’s price increased by 0.39% in the last 24 hours, reaching $1,639.90, but its trading volume declined by 8.38% to $4,385,076,220. Cardano’s price dropped by 0.63% to $0.2525 on September 16, while its trading volume increased by 18.45% to $128,425,908.
Solana’s price saw a slight gain of 0.53% at $19.32, while Binance Coin (BNB) surged by 0.92% to $215.07. XRP’s price was down 0.61% at $0.5006.
In contrast, meme coins showed some resilience despite major cryptocurrencies being in the red. Dogecoin’s price increased by 0.26% to $0.06237, with a trading volume of $163,370,476,979,612, down by 7.22%. Shiba Inu’s price also rose by 1.12% to $0.00000753 from the previous day, while its trading volume decreased by 1.96% to $73.19 million.
The global crypto market’s performance remained stable, suggesting that recent economic data, which came in stronger than expected, may have affected traders’ risk appetite. The global crypto market cap increased by 0.48% to reach $1.06 trillion over the last day, but the total crypto market volume dropped by 1.15% to $26.43 billion at the time of writing.
Today’s Top Cryptocurrencies:
As of the latest update, the price of Pepe coin stands at $0.0000006888, marking a 1.06% increase over the past 24 hours. Its market capitalization has also risen by 1.02% to reach $269.66 million, and its trading volume has increased by 5.93% to $43.02 million. Pepe coin remains of interest to traders, especially in the midst of volatile trading in the global crypto market.
THORChain (RUNE) Surge over 9%
THORChain (RUNE) saw a substantial surge of 9.13% in its price over the past 24 hours, reaching $1.90 at the time of writing. The one-day trading volume for this crypto also increased significantly by 51.19% to $111,774,733. Although there isn’t any specific news driving this recent surge, it appears that investors are showing heightened interest in the crypto, leading to a nearly 20% price increase over the past week.
Aave (AAVE) soars 6.71%
Aave (AAVE) experienced a notable rise of 6.71%. Currently, the price of Aave is $59.91, and its trading volume in the last 24 hours surged by 79.31% to $102,318,738. Aave’s market cap also increased by 9.28% to reach $870,976,452. The project has announced its participation in the ETHGlobal event in New York, scheduled for September 22-24, which might be contributing to the positive sentiment.
Maker (MKR) up about 6%
Maker (MKR) observed a price increase of about 6%, with its price at $1,281.20 at the time of writing on September 16. The trading volume for the past 24 hours also rose by 5.42% to $1,252,678,279. Maker has shared details about a Maker Governance poll awaiting approval for the activation of SparkLend on Gnosis Chain on their X account.
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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