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The cryptocurrency market holds a bearish sentiment today, with some major coins like Bitcoin, Pepe Coin and XRP, facing price corrections. By Coingape Staff 1 hour ago Updated 1 hour ago
The general sentiment of the crypto market is bearish today. Many believe that the approval of spot Bitcoin ETF is going to play a bullish role in the crypto market. And while the SEC has postponed the decision, the crypto Fear And Greed Index still looms in the fear zone at 34/100.
Bitcoin’s (BTC) price, is quite bearish today and is still below the $30,000 threshold at $25,789.89, and down by around 1.09% in the last day. Other well-known altcoins, Cardano (ADA), Solana (SOL), and Polkadot (DOT) experienced losses on the other side of the border.
Ethereum is trading at $1,632.00, with a 1.22% decrease in the last 24 hours. Among other prominent cryptocurrencies, the XRP coin price observed a loss of 2.36%. Solana also faced losses, with its price decreasing by 1.66%. On the other hand, Polygon (MATIC), which traded on red lines a few days back, is again down by 1.44% since the last day. Polkadot coin price saw a decrease of almost 1.30% in one day.
The realm of meme cryptocurrencies tells the same story. In the past 24 hours, Dogecoin’s price witnessed a decrease of around 0.48%, while Shiba Inu’s token price is down by almost 1.62%, in the last 24 hours.
The crypto market today is primarily bearish with very few exceptions. The global crypto market cap has decreased vividly since yesterday and now stands at $1.04 trillion. The 24-hour crypto market volume is $34.2 billion, with a more than 9.68% decrease.
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The top 4 cryptos for today are:
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Pepe coin is down by 3.41%
Pepe coin price is facing the bears today after facing gains a few days ago. The price is down by almost 4% since yesterday. It is trading at $0.0000007931, at the time of writing. It holds a global market cap of $310.73 million. Although some whales have started resuming their PEPE accumulation, such dips give the impression that the coin is currently in a terminal stage of fall.
Pepe Price Chart
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DYdX crypto token is down by 7.36%
DYDX is also facing the bears today. DYDX token price is down by more than 7% in the last 24 hours. Its price is trading at $2.11, the the time of writing. It holds a global market cap of $330,346,011. Antonio Juliano, the founder of DYdX, recently advised cryptocurrency business owners to look outside of the US.
DYdX Price Chart
Also Read: Grayscale Ethereum Trust Hold $4.6B ETH: Arkham Intelligence Report
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KCS crypto token is down by 6.94%
KuCoin’s KCS token is facing a price correction and is down by almost 7% in the last 24 hours. Its price is trading at $3.84, the the time of writing. It holds a global market cap of $371,063,623. The bearish trend KCS is facing is mostly due to the market-wide price correction.
KCS Price Chart
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TON coin is up by 10.42%
Toncoin’s TON token is up by more than 10% in the last 24 hours. Its price is trading at $1.93, the the time of writing. It holds a global market cap of $6,621,820,166. The TonCoin network’s increasing developer activity looks to be boosting the value of the cryptocurrency.
TON Price Chart
Also Read: XRP Ignites September with 7-Month High Activity Amid SEC Showdown
