The crypto market cap has approached $1 trillion as BTC, ETH, and many other altcoins are in the green. Meanwhile, there will be significant developments for many altcoin projects today. You can see the developments, mostly stock market listings, in the list below. Here are the details…
Today, important for 8 altcoins
- Cryptocurrencies such as Compound (COMP), Aptos (APT), Ripio Coin (RPC), SkyBridger (SKBR) Euler (EUL), Maple (MPL) will attend the Converge22 Conference, which will start today, September 27, 2022.
- Gate.io lists Grove (GVR) today.
- Liquid is delisting the NUM Token (NUM).
- Metarun (MRUN) will release its game today via the Google Play Store.
- MEXC Global lists Kaspa (KAS) in USDT pair at 18 CEST.
- BitMart lists Nodle Network (NODL) with USDT pair today at 18 CET.
- Aurora (AURORA) will hold a question and answer event with Brave on Twitter Spaces today.
- MEXC Global listed Axelar (AXL) with USDT pair at 12 CEST.
What is the latest situation in the market?
So, what is the latest situation in the markets in the current situation? cryptocoin.com As we reported, the Bitcoin price seemed to be stuck in the past few days since the US Fed’s latest rate hike last week dropped to $18,100. A day later it recovered some ground and bounced to a daily high of $19,400. After being rejected there, Bitcoin returned to $19,000 and spent most of the weekend there.
On Monday, the cryptocurrency fell just below this line. The week started with price drops. However, the trend started to change hours ago, resulting in a daily price spike of over $1,000. As a result, Bitcoin finally touched $20,000, marking a 12-day high above $20,300 earlier today. Although it has pulled back a bit since then, it is still trading above the $20,000 line. Its market cap is up to $385 billion and its dominance over altcoins is close to 40 percent.
Altcoins have also been tracking BTC’s price performance lately, which means most of them are turning green today. Ethereum was among the weakest performers after Merge, dropping from $1,600 to below $1,300. Now, a 5.5 percent daily increase has brought the second-largest crypto to just under $1,400. Solana and Polkadot made a splash in one day. Despite more modest gains, Binance Coin, Ripple, Cardano, Dogecoin, Shiba Inu, MATIC and Tron are also in the green.
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