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The cryptocurrency market remained in a negative trend, but Pepe coin saw a rally. Meanwhile, many other alternative cryptocurrencies experienced a decline in momentum.
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On Saturday, September 23, the cryptocurrency market remained in a negative state as investors held back. Recent market performance indicated a shift in trader sentiment, with a noticeable decline in momentum. The crypto market’s fear and greed index stood at 39, indicating a prevailing sense of “fear.”
At the time of writing, Bitcoin was priced at $26,543.14, marking a 0.35% decrease over the past 24 hours. Its trading volume also dropped by 25.71% to $10.2 billion.
The week had been generally positive for the leading cryptocurrency, especially after it rebounded from its recent low at $25,000. However, it struggled to maintain its upward momentum due to the volatile nature of the broader market.
On Saturday, September 23, Solana’s price dipped by 1.30% to reach $19.44, and its daily trading volume fell by 38.51% to $160.12 million. Similarly, Binance Coin (BNB) was trading at $210.55, reflecting a 0.53% decline in the last 24 hours, with a volume decrease of 30.34% to $266.38 million.
Ethereum’s price, the second-largest cryptocurrency, fell below $1,600 with a 0.7% decrease from the previous day. As for meme coins, Dogecoin’s price remained stable at $0.0616, while Shiba Inu’s price increased by 0.97% to $0.000007373.
Most altcoins followed Bitcoin’s downward trend, experiencing small daily losses. The overall global crypto market cap dropped by 0.33% in the last 24 hours, reaching $1.05 trillion at the time of writing, with a 91.07% decrease in 24-hour trading volume, which stood at $21.67 billion.
Today’s Top 4 Cryptocurrencies:
Pepe Coin (PEPE) Jumps 11%
1. Pepe Coin: On Saturday, Pepe coin was trading at $0.0000006845, marking an impressive 11.43% increase from the previous day. Its daily trading volume also saw a significant surge, rising by 377.58% to reach $152.74 million. This rally appears to be linked to recent gains in the overall cryptocurrency market after a week of downward movement.
2. Theta Network (THETA): Theta Network’s price increased by 9.02%, reaching $0.6475 at the time of writing. However, its daily trading volume decreased by 16.47% to $77.87 million. Notably, Theta Labs secured a U.S. Patent for its computing platform during the week, announced on September 21.
3. Immutable (IMX): Immutable’s price declined by 8.23% to $0.6112 on September 23, with a one-day trading volume drop of 63.79% to $117.42 million. Despite significant gains earlier in the week, it appears to have lost momentum over the weekend, with a nearly 17% increase over the last seven days.
4. MultiversX (EGLD): MultiversX saw its price slip by 2.72% to $25.04 at the time of writing on Saturday. Over the past 24 hours, its trading volume also decreased by 44.73% to $13.99 million, and its market cap fell by 2.71% to $650.86 million. Although no specific news explains this recent decline, it appears to be influenced by the broader market sentiment.
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.