Market Updates for Sept 5th: Bitcoin Holding Strong At 57K, While INJ Surged 8% and 1INCH up Impressive 15%
In the wake of a recent downturn in the market, today’s cryptocurrency prices have piqued global investor interest. Bitcoin (BTC) held steady at $57K, with Ethereum (ETH) and Solana (SOL) showing gains. XRP saw significant volatility, while altcoins like Injective (INJ) and 1INCH experienced remarkable price surges.
The global crypto market cap increased by 0.77% to reach $2 trillion, despite a 2.06% decline in total market volume, which now stands at $64.33 billion.
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Cryptocurrency Prices Today Show Resurgence
The broader market exhibited mild recovery today, following Nvidia’s denial of the U.S. DoJ subpoena claims. BTC reclaimed the $57K mark, while ETH stabilized around $2,400. SOL also saw gains, but XRP remained turbulent. Here’s a summary of prices:
Bitcoin Price Today
BTC saw a 0.6% increase, trading at $57,094. The 24-hour low and high were $56,196.38 and $58,511.57, respectively. Despite Bitcoin ETF outflows and struggling movements, investor confidence appears to be growing, reflected in a 0.07% increase in dominance and a $1.13 trillion market cap.
Ethereum Price Today
ETH rested at $2,403, marking a 1.34% gain in 24 hours, with intraday lows and highs at $2,363.51 and $2,488.92, respectively. Despite outflows from spot Ethereum ETFs, the coin’s market cap reached $290.27 billion.
Solana Price Today
SOL witnessed a nearly 3% increase, reaching $132, with a 24-hour range of $126.75 to $134.87. Solana’s market cap now stands at $61.64 billion.
XRP Price Today
XRP demonstrated highly volatile movements, trading at $0.5536, with an intraday range of $0.548 to $0.5645, and a market cap of $31.13 billion.
Meme Coins Price Movement
Meme coins showed upward movement, with Dogecoin (DOGE) gaining 1%, Shiba Inu (SHIB) gaining nearly 2%, and Pepe Coin (PEPE) rising by almost 1.5%, driven by significant PEPE whale accumulation.
Top Cryptocurrency Gainers
Injective (INJ) surged by nearly 8% to $16.95, while 1INCH surged by 16.56% to $0.269, and Starknet (STRK) rose by 7% to $0.3933.
Top Cryptocurrency Losers
Notcoin (NOT) slipped by nearly 5% to trade at $X, TONcoin (TON) slipped 4.5% to $4.58, and THORChain (RUNE) dropped by 10% to $3.63 over the past day.
Hourly time frame charts continue to draw attention, reflecting mixed actions and fueling speculation. Enthusiasts are eagerly watching for further price action shifts.
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Kayode Michael is a seasoned cryptocurrency analyst, successful trader, and skilled writer with a strong command of cryptocurrency analysis and price action. He leverages his technical analysis skills to provide valuable insights into emerging market trends and potential opportunities for investors to make informed decisions.
