Bitcoin Price Drops, Ethereum Weakens, and XRP, Solana Slides: Cryptocurrency Prices Today, Sept 22

After a bull run seen last week, the crypto market failed to sustain a rally over the weekend, leading to Bitcoin (BTC) price slipping below $115,000. Major altcoins such as Ethereum (ETH), Ripple (XRP), Dogecoin (DOGE), Cardano (ADA), and Solana (SOL) also slipped from the recent highs.

"ETH has extended its decline, dropping from the $4,500-$4,600 zone to test the $4,300 level. The price had moved sideways with minor rebounds, but selling pressure intensified as support around $4,400 gave way. This week will be crucial, as Fed Chair Powell is set to deliver a speech on the economic outlook tomorrow, which could set the tone for short-term market direction. Additionally, U.S. Q2 GDP data and August inflation figures are due on Thursday and Friday, respectively." As per the Coinswitch market desk

Bitcoin Price Today

Bitcoin (BTC) is currently trading at $114,516.68, down 1.04% in the last 24 hours, with a market capitalisation of $2.28 trillion. The daily trading volume stood at $12.86 billion, showing mild selling pressure. Despite the decline, BTC is currently holding steady above the crucial $110,000 support zone.

Ethereum Price Today

Ethereum (ETH) saw a sharper correction, slipping 4.17% in the last 24 hours to $4,293.01. With a market cap of $518.80 billion and daily trading volume at $14.56 billion, ETH is showing weakness compared to BTC, as over the past week, Ethereum has fallen more than 10%.

XRP Price Today

XRP is trading at $2.89, down 4.02% in the last 24 hours. Its market capitalisation is $172.94 billion with a trading volume of $3.60 billion. XRP remains one of the top 5 cryptocurrencies, but it has declined nearly 5.29% in the last 7 days.

Tether (USDT) and USDC Stay Stable

Tether (USDT) and USD Coin (USDC) continue to maintain their dollar peg, trading at $1.00 and $0.9998, respectively. Tether has a market cap of $172.10 billion, while USDC holds $73.97 billion.

Binance Coin (BNB) Gains Despite Market Dip

Binance Coin (BNB) has shown resilience, trading at $1,033.33 with a market capitalisation of $144.05 billion. BNB has gained 12.33% in the past week and an impressive 17.40% in the last month, making it one of the best-performing large-cap cryptocurrencies.

Solana (SOL) Price Today

Solana (SOL) is trading at $231.52, down 3.74% in the past 24 hours but still holding a strong weekly gain of 13.45%. With a market cap of $125.91 billion and a volume of $3.36 billion, Solana is one of the most traded altcoins.

Dogecoin (DOGE) Falls Sharply

Dogecoin (DOGE) saw heavy selling, falling 7.48% in the past 24 hours to $0.2487. Despite this, DOGE maintains a market cap of $37.68 billion and a daily trading volume of $2.25 billion, showing that retail interest remains strong.

TRON (TRX) and Cardano (ADA) Update

TRON (TRX) is priced at $0.3400, down 1.78% in 24 hours, with a market capitalisation of $32.22 billion.

Cardano (ADA) trades at $0.8510, slipping 5.41% in the last 24 hours. Its weekly decline of 6.90% reflects broader weakness in altcoins.

Crypto Market Outlook

"The bulls failed to intensify the volatility during the past weekend, and as a result, the Bitcoin price dropped below $115,000. Although ETH, XRP, DOGE, ADA & SOL plunged below their respective support, BinanceCoin price sustained above $1000, heading towards a new ATH. Additionally, the crypto spot volume has also dropped significantly, while ETF inflows have remained positive. Among the top gainers are Story (IP) with an 8.92% jump and DeXe (DEXE) with 2.34%. On the other hand, Pump.fun (PUMP) dropped by over 13.50%, MYX Finance (MYX) and Aster (ASTER) by over 12%, and SPX6900 (SPX) by over 11.45%." as per analyst from CoinDCX

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