On Saturday, September 16, the sentiment in the crypto market appeared mixed as investors exercised caution amidst lingering concerns. Most major cryptocurrencies traded near the flatline, including Bitcoin (BTC), while the overall market experienced a slight gain compared to the previous day. The crypto market Fear and Greed index remained at 38, indicating a prevailing sense of “fear.”
Bitcoin’s price decreased by 0.21% and traded at $26,597.09, with a market cap of $518,298,589,375. The 24-hour trading volume for Bitcoin declined by 8.87% to $11,573,780,915. Ethereum’s price saw a slight increase of 0.39% over the last 24 hours, reaching $1,639.90, while its trading volume decreased by 8.38% to $4,385,076,220. Cardano’s price dropped by 0.63% to $0.2525, but its volume increased by 18.45% to $128,425,908.
Solana experienced a minor gain of 0.53% and traded at $19.32, while BNB surged by 0.92% to $215.07. XRP’s price declined by 0.61% to $0.5006. In contrast, meme coins showed some resilience, with Dogecoin’s price increasing by 0.26% to $0.06237, although its trading volume decreased by 7.22%. Shiba Inu also rose by 1.12% to $0.00000753, with a 1.96% decrease in trading volume.
The performance of the global crypto market remained relatively stable, suggesting that hotter-than-expected economic data may have affected traders’ risk appetite. The global crypto market cap increased by 0.48% to $1.06 trillion, while the total market volume decreased by 1.15% to $26.43 billion.
Notable cryptocurrencies for the day included Pepe Coin, which gained 1.06% and traded at $0.0000006888, THORChain (RUNE) with a surge of 9.13% to $1.90, Aave (AAVE) soaring by 9.29% to $59.91, and Maker (MKR) rising by 5.41% to $1,281.20. These cryptocurrencies attracted attention due to their performance amidst the choppy trading in the global crypto market.
Overall, the crypto market exhibited a mixed sentiment, with investors remaining cautious amid ongoing concerns and closely monitoring the performance of various cryptocurrencies.