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Daily Crypto Update: Bitcoin Aims For $65k, Crypto Market Rallies

Bitcoin:

As of September 20th, Bitcoin is priced at $63929.40 at the time of writing. In just a week, the asset has experienced a 10.41% growth. This uptick in Bitcoin’s price has pulled up the entire crypto market, with the new total volume of the market reaching $81.67 billion. Bitcoin’s current market capitalization stands at $1.25T, a 6.77% increase in 24 hours. 

Ethereum: 

Bitcoin’s bullish impact has also fallen on Ethereum. It is currently priced at $2542.32. Ethereum was negatively impacted last week amid the Fed’s rate cut uncertainty, as detailed in this article, but has now quickly increased by 5.11% in a day. While Ethereum’s market cap saw a boost, its volume tanked by 8%, indicating the bullish sentiment in the market is gradually fading out.  

Solana: 

The community sentiment towards Solana is 80% bullish. Solana is currently priced at $149.38 which is an uptick of 7.68% This uptick can be tied to Solana Labs launching their new crypto mobile phone in the Token2049 conference in Singapore. The price of the digital asset has the potential to rally further up. 

XRP:

XRP is priced at $0.5885. The increase in the price of digital assets is indebted to the anticipation of Riplle’s stablecoin launch. XRP can go as high as $5 if Ripple can capitalize on the stablecoin market and become an industry leader.

Dogecoin:

Dogecoin has currently tanked around 5.95% in the last seven days, even as Bitcoin’s bullish impact has helped the crypto market vastly. At press time, Dogecoin is changing hands at $0.1066. However, Dogecoin seems to be trying to catch onto the bullish market momentum, rising 2.56%. 

Shiba Inu:

Shiba Inu is priced at $0.00001441. SHIB is up by 3.31%, trying to pace up to the market momentum. The community sentiment around SHIB continues to be strong as the token experiences support from whales, who hold about 59.97% of the total supply.

Anushka Basu: Anushka Basu serves as a crypto price analyst and news reporter. With a strong focus on price analysis and market trends, Anushka excels at conducting comprehensive research and analysis for various cryptocurrencies. Having coordinated PR efforts and aided journalists from esteemed publications like Business Insider and Fox Television, she adeptly shares a specialized understanding of digital currency and the DeFi industry.