Crypto News Today (September 16th, 2024): Bitcoin Price at $58k, Trump News Sparks Fear!

The post Crypto News Today (September 16th, 2024): Bitcoin Price at $58k, Trump News Sparks Fear! appeared first on Coinpedia Fintech News

Story Highlights

• Bitcoin Price Analysis: BTC price has broken its support at $60k, and has fallen by 2.7% to $58,511.60.
• Ethereum Update: ETH price loses its hold at $2,418, dropping by 5.4%.
• XRP’s momentum trembles amid Trump and SEC news.

Cryptocurrency News Today: The market has resumed its trade on a bearish note, as uncertainty and fear grow among investors,  amid presidential elections, Trump’s assassination attempt, and the FOMC meeting in the US. This has resulted in the Bitcoin price losing ground at its $60k level, the ETH price losing its $2400 level, and XRP its $0.6 level.

Bitcoin Price Today: Is Another Price on the Horizon? 

Bitcoin is currently trading at $Bitcoin’s price is currently at $58,544.57, with a loss of 2.7% over the previous day. In the past 24 hours, BTC’s trading volume dropped by 56.54%, indicating worsening investor sentiments.

Wondering how far the BTC price could go in the future? Our Bitcoin Price Prediction answers that and much more!

Altcoins Today: ETH Price Drowns by 5.41%, XRP by 2.8% 

Ethereum has lost its hold at $2,418, with trading volumes down by 78%. ETH price is currently changing hands at $2,293.93. XRP too has taken the brunt of the broader market, and the news around Trump’s assassination and the SEC. XRP is currently trading at $0.572, with its 24-hour trading volumes down by 23.16%.

Top Crypto Gainers Today: 

• Nervos Network (CKB) continues to lead the top gainers list with 8.89% of gains in 24 hours, backed by its recent Upbit listing and partnerships. 
• Helium (HNT) price rose 4.5%, driven by its strong fundamentals and applications around IoT.

Top Crypto Losers Today:

• Bittensor (TAO) price is down by 8.81% amid the market-wide turbulence.
• Brett (Based) has also taken a hit, with its price being down by 8.3%.

The global cryptocurrency market cap is down by 2.9% to $2.04T. However, the 24-hour trading volume has also surged by 45.7% to $54.72 billion, this suggests investors stacking some gems while the market recorrects. The industry is waiting for Donald Trump’s crypto project, “World Liberty Financial,” which is expected to be launched today.