September 25, 2023

Crypto Market Today: BTC Up 1.41%, DOGE Gains 2.58%, SHIB 2.26% Down, ETH Soars 1.97%

The crypto market remained marginally up today, despite most digital tokens recording significant increases in trading volume. Meanwhile, Dogecoin (DOGE) dominated the meme coin market, presenting the highest upticks among canine-themed crypto assets.

Meanwhile, Yearn-Finance (YFI) led downsides in the DeFi space, though other decentralized finance tokens saw moderate upticks. The mixed actions saw the cryptocurrency market cap climbing to $847.8 billion following a 0.97% increase.

Meanwhile, its trading volume gained 15.91% to $33.62 billion, according to Coinmarketcap data. Bitcoin SV (BSV) was today’s top gainer, surging 8.13% to $46.55. meanwhile, Trust Wallet Token saw the most downturn, losing 12.19% over the past day to $2.33.

Crypto Prices

While publishing this content, BTC hovered at $17,149.45, following a 1.14% uptick. That came after the leading crypto traded beneath $17K for most of early 12 December. Meanwhile, the crypto welcomed 13 December with an upside past the $17K mark.

BTC’s lowest price of the day was $16,899.38. Meanwhile, the crypto’s trading volume swayed at $17,592,817,745, indicating a 6.35% surge.

Upsides by Bitcoin saw meme coins recording surges. Ethereum (ETH) gained 1.97% in the past 24hrs to explore $1,269.45 early on Tuesday. The 2nd largest crypto traded with minimal gains on 13 December, though its trading volume increased substantially.

Like Bitcoin, Ethereum saw similar revived buying interest early on 13 December. And that pushed ETH’s price to $1,274 from $1.254 within two hours. ETH explored its daily low at $1,244, while its trading volume exhibited a 25.24% surge at $4,824,823,346.

Other alternative tokens printed somewhat similar actions. Solana hovered at $13.16 on 13 December after a 1.08% increase. Ripple’s XRP gained 2.22% to $0.383, while its daily trading volume stood at $838.64 million.

ADA saw a 0.66% surge to $0.305, whereas its 24hr trading volume was 10.3% up at $175,565,171. Binance Coin (BNB) traded at $272.42 during this writing, reflecting a 4.98% drop. Meanwhile, BNB’s trading volume saw a staggering 96.32% surge to $1,039,988,864.

Meme Tokens

The meme coin space flashed mixed actions. While Dogecoin gained 2.58% to $0.09007, Shiba Inu lost 2.26% to explore the $0.000008872 zone. Dogecoin saw its 24hr trading volume gaining 48.88% to $644,091,684.

Decentralized Finance

Yearn.Finance (YFI) lost 3.17% to hit $6,477, leading the losers in the decentralized finance (DeFi) market. YFI’s 24hr trading volume swayed at $24,174,665, following a 23.03% increase.

Meanwhile, Avalanche gained 1.98% to $12.92 as its daily trading volume reflected a minor 0.11% loss at $114,519,639. Aave (AAVE) registered a 1.54% surge to $59.71, and its daily trading volume stood around $42,08 million.

Should we call it a market-wide recovery? Early probably. Bears remain in action, and the market can suffer new downturns in the upcoming session. Time will confirm.

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