The prices in the crypto market started the day with notable gains. Led by an upswing in the price of Bitcoin, major altcoins mirrored the same pattern earlier, but have now exhibited mixed trading patterns at the time of writing. The anticipation of the FOMC meeting scheduled later today has been a driving force for the broader crypto market movement.
Investors are showing confidence in the market ahead of the meeting as demonstrated by the growing green patterns across the crypto market. Consequently, the total crypto market valuation saw a notable uptick of 1.54% to rest at $2.08 trillion today. Additionally, the total market trading volume over the last day surged by 26.34% to $76.86 billion. Below is an overview of the top cryptocurrencies and how they have traded today
Top Crypto Prices Today
The price of Bitcoin rallied past $61k earlier today. The increase was mostly fueled by the coming FOMC meeting, rising spot ETF inflows, and overall stock market performance. At the time of writing, Bitcoin traded at $60,197, indicating a 2.46% increase in the last 24 hours. Moreover, its one-day trading volume saw a major uptick of 38.66% to $39.14 billion.
As previously mentioned, one of the forces driving the recent price movement is the significant ETF inflows. Per Soso Value data, Bitcoin exchange-traded funds saw a daily total net inflow of $186.76 million as of September 17.
Similarly, Ethereum gained in the last 24 hours. On-chain data shows that the second-largest coin by market cap added 0.38% to its value to trade at $2,319. The coin has moved between the range of $2,303.53 and $2,389.29 respectively over the last day. Ethereum has seen notable ETF outflows over the last few days. According to the aforementioned tracker, as of September 17, ETH ETFs saw daily total outflows of $15.11 million.
Other Altcoin Prices
SOL price today dropped notably by 1.27% over the past 24 hours and is currently sitting at $130.85. The cryptoâs 24-hour low and high were $130.44 and $135.48, respectively. Solanaâs market cap rested at $61.2 billion today.
In the same way, the XRP price declined by 1.52% in the past 24 hours to rest at $0.5766. The coinâs intraday bottom and top were $0.5761 and $0.5943, respectively. XRPâs market cap stood at $32.5 billion today. In a recent XRP price prediction by Coinfomania, a notable crypto analyst Captain Faibik, posited that the price of XRP could surge to $2.4 soon, citing a long-term symmetrical triangle pattern in XRPâs price action that dates back to 2018.
Binance Coin (BNB) spiked by 0.77% to trade at $543.08 and maintained a 24-hour range of $538.18 and $552.86 respectively. TRX however, marginal dips last 24 hours. The coin dropped 0.08% to change hands at $0.1499 with 24-hour lows and highs of $0.1495 and $0.1515 respectively.
Fantom, a directed acyclic graph (DAG) smart contract platform, with the native token FTM, also saw marginal gains over the last day. Per on-chain data, FTM increased by 0.62% to rest at $0.5668, maintaining a low and high of $0.5503 and $0.5835 respectively. However, its trading volume within that time dropped by 5% to $52.7 million.
It is important to know that Fantom will be upgrading to Sonic soon, replacing its current FTM token with the Sonic Token (S). The upgrade will also drive the development of the new Sonic Network ecosystem.
