Crypto Prices Today: Bitcoin (BTC) Price Rises Above $41,500, Ether Edges Higher While Pepe Declines
The crypto market made a turnaround on Saturday morning, with major digital assets hitting the purple patch again. Inflows into US-listed exchange-traded funds tracking Bitcoin may not have succeeded in pushing Bitcoin’s price up, but strong trading volumes signal that Bitcoin ETFs are an initial success.
If you want to gauge the early performance of Bitcoin ETFs, just look at the daily trading volumes. According to Bloomberg senior ETF analyst Eric Balchunas, nine Bitcoin ETFs excluding the Grayscale Bitcoin Trust ETF witnessed a 12% surge in trade volumes at the close of trading on Friday, CoinGape News reported.
On the price front, Bitcoin’s (BTC) price rose over 1% to $41,596 on Saturday morning after hitting a fresh 30-day low of $40,800 earlier this week. While Bitcoin’s market cap rose to $815.2 billion, trading volumes in the past 24 hours slid 9% to $24.2 billion.
Ethereum — the second largest crypto — also edged higher, climbing 0.7% to $2,478 in the past 24 hours. Ether’s market cap advanced to $298 billion. However, trading volume stood at $10.6 billion, down 10% over the last 24 hours.
Among smaller cryptocurrencies, Tether (USDT) price remained flat, BNB price was up 0.8%, but Solana (SOL) price declined 0.3%, and XRP shed nearly 1%. Cardano (ADA) gained 2.3% but Avalanche (AVAX) was down 1%.
Memecoins were trading in the green, with Dogecoin and Shiba Inu each rising by 1% and 2%, respectively. The global crypto market rose nearly 1.5% to $1.64 trillion. Meanwhile, the fear and greed index level stood at 57, indicating subdued investor sentiment.
Top 3 Cryptos For Today
Pepe Coin Slides Further
The price of Pepe Coin declined 0.14% over the last 24 hours to $0.000001124, sending its market cap tumbling to $473.1 million. Its trading volume over the last 24 hours was down nearly 24% at $55.4 million.
Chainlink (LINK) Price Rallies 9%
Chainlink (LINK) price rallied 9.5% $16.18 over the last 24 hours. This was also reflected in its market cap, which rose to $9.1 billion. The 24-hour trading volume surged a whopping 52% to over $945 million.
Arbitrum (ARB) Price Down 2%
The price of Arbitrum was down over 2% over the last 24 hours to $1.83. The token has crashed nearly 15% in the last seven days, with its market cap sliding to $2.3 billion. Trading volumes stood at $585.5 million, down 14% in the past 24 hours.
Also Read: XRP Lawsuit: Ripple Fires Back At SEC For Seeking Financial Statements And Discovery
- Michael Saylor Says “No New Orange Dots” Pausing Bitcoin Buys as Holdings Hit Record $79B
- Experts Turn Bullish on Pudgy Penguins as PENGU Leads Meme Coin Buys on Solana
- ASTER to Launch Phase 2 Airdrop on October 10 as Open Interest Tops $5B in Two Weeks
- El Salvador’s Bitcoin Holdings Hit $475M Profit as BTC Becomes World’s 7th Largest Asset
- Breaking: Bitcoin Hits New ATH Above $125k as ‘Uptober’ Kicks Off in Full Force
- Dogecoin Price Rebounds 15% From Buy Zone as Whales Add 30M DOGE – Can Bulls Push Beyond $0.30?
- FLOKI Price Prediction as ETP Listing Drives Adoption—Is a 160% Rally Ahead?
- BNB Coin Price Hits ATH as Derivatives Activity Soars—Is $1,520 the Next Stop?
- Aster Price Eyes $3 After Channel Breakout as Open Interest Surges to $1.37B
- Will XRP Price Hit $5 if the SEC Approves ETFs This Month?
- Bitcoin Price Hits $120K Ahead of Q4 — Can Citigroup’s Forecast Hold Up?
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
