The post BTC Drops To $58K, Major Altcoins Mirror Dip appeared on BitcoinEthereumNews.com.

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…

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Filed under: News - @ September 16, 2024 4:24 am