Digital assets are seeing sharp swings today, with Bitcoin, Ethereum, Solana, and BNB driving the rally, while Dogecoin and Cardano remain highly volatile.
"The investors experienced a sigh of relief as the markets began to recover. Bitcoin price marked a daily close above $112,000, which helped the token to begin the weekly trade on a bullish note. With this, Ethereum reclaimed the $4000 level, Binance Coin the $1000 level, and Cardano the $0.8 level. Meanwhile, Solana reached $210 but still looks weak along with XRP and Dogecoin. The top gainers for the day include Zcash with over 18.43%, Pump.fun with a 13.76% rise, and MYX Finance by over 11.63%. Besides, ether.fi plunges by over 1%, followed by Memecore, Tron, and XDC Network by less than 1% each." reported Goodreturns quoting the CoinDCX research team.
Bitcoin Price Today: Bitcoin (BTC) is trading at $111,904.22 after a 2.25% gain in the past 24 hours. Despite the daily uptick, it remains down 0.78% over the week amid ongoing market volatility.
Ethereum Price Today: Ethereum (ETH) is priced at $4,121.77, with a market cap of $497.75 billion. ETH jumped 2.85% in the last 24 hours, though it has slipped 1.98% over the week and nearly 6% over the past month, reflecting continued uncertainty in the altcoin sector.
Binance Coin Price Today: Binance Coin (BNB) surged to $1,009.21, posting a 3.61% daily gain and a market cap of $140.39 billion. Over the past month, BNB has surged 17.04%, making it the top-performing major altcoin currently.
Solana Price Update: Solana (SOL) is trading at $210.55, supported by a market cap of $114.42 billion and a 24-hour trading volume of $3.03 billion. SOL rose 4.25% in the past day but has slipped 4.62% over the week.
Dogecoin Price Today: Dogecoin (DOGE) is priced at $0.2352, with a market cap of $35.53 billion. DOGE gained 2.79% in 24 hours but fell 2.79% over the week, though it remains up nearly 9% over the past month.
Cardano Price Today: Cardano (ADA) trades at $0.8034, backed by a market cap of $29.32 billion. ADA rose 3.63% in the last 24 hours but continues to face pressure, with weekly and monthly declines of 2–3%.
Why was Bitcoin slumping?
The bitcoin price has dipped this week as traders digest the Fed’s September interest rate cut and economic data suggests it’s on track to cut rates again in October.
“Following last week’s Fed funding cut, futures positions have been reset and liquidity has returned to the market,” reported Forbes quoting Gadi Chait, head of investment at Xapo Bank. "Ultimately, for long-term investors, these swings are part of bitcoin’s normal rhythm. Its network remains the most secure, and adoption continues to deepen, both in a retail and institutional sense. Bitcoin is here to stay, and its next chapter is only beginning."
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"The investors experienced a sigh of relief as the markets began to recover. Bitcoin price marked a daily close above $112,000, which helped the token to begin the weekly trade on a bullish note. With this, Ethereum reclaimed the $4000 level, Binance Coin the $1000 level, and Cardano the $0.8 level. Meanwhile, Solana reached $210 but still looks weak along with XRP and Dogecoin. The top gainers for the day include Zcash with over 18.43%, Pump.fun with a 13.76% rise, and MYX Finance by over 11.63%. Besides, ether.fi plunges by over 1%, followed by Memecore, Tron, and XDC Network by less than 1% each." reported Goodreturns quoting the CoinDCX research team.
Bitcoin Price Today: Bitcoin (BTC) is trading at $111,904.22 after a 2.25% gain in the past 24 hours. Despite the daily uptick, it remains down 0.78% over the week amid ongoing market volatility.
Ethereum Price Today: Ethereum (ETH) is priced at $4,121.77, with a market cap of $497.75 billion. ETH jumped 2.85% in the last 24 hours, though it has slipped 1.98% over the week and nearly 6% over the past month, reflecting continued uncertainty in the altcoin sector.
Binance Coin Price Today: Binance Coin (BNB) surged to $1,009.21, posting a 3.61% daily gain and a market cap of $140.39 billion. Over the past month, BNB has surged 17.04%, making it the top-performing major altcoin currently.
Solana Price Update: Solana (SOL) is trading at $210.55, supported by a market cap of $114.42 billion and a 24-hour trading volume of $3.03 billion. SOL rose 4.25% in the past day but has slipped 4.62% over the week.
Dogecoin Price Today: Dogecoin (DOGE) is priced at $0.2352, with a market cap of $35.53 billion. DOGE gained 2.79% in 24 hours but fell 2.79% over the week, though it remains up nearly 9% over the past month.
Cardano Price Today: Cardano (ADA) trades at $0.8034, backed by a market cap of $29.32 billion. ADA rose 3.63% in the last 24 hours but continues to face pressure, with weekly and monthly declines of 2–3%.
Why was Bitcoin slumping?
The bitcoin price has dipped this week as traders digest the Fed’s September interest rate cut and economic data suggests it’s on track to cut rates again in October.“Following last week’s Fed funding cut, futures positions have been reset and liquidity has returned to the market,” reported Forbes quoting Gadi Chait, head of investment at Xapo Bank. "Ultimately, for long-term investors, these swings are part of bitcoin’s normal rhythm. Its network remains the most secure, and adoption continues to deepen, both in a retail and institutional sense. Bitcoin is here to stay, and its next chapter is only beginning."
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