On September 15, there was a positive momentum in the cryptocurrency market, even in the face of hotter-than-anticipated economic data and inflation concerns. Major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), Cardano (ADA), and Tron (TRX) maintained their positive performance.
- Bitcoin (BTC) recorded gains of 1.33%, reaching $26,631.14, with a market cap of $518,928,247,071. Its 24-hour trading volume dropped by 8.61% to $12,736,847,613.
- Ethereum (ETH) increased by 0.89% in the last 24 hours, trading at $1,635.45, with a 24-hour trading volume of $4,833,534.
- Solana (SOL) rose by 1.37% to $19.19, with a 40.73% decrease in volume, reaching $262,932,681.
- Cardano (ADA) witnessed a 2.45% jump, reaching $0.2545, while XRP rose by 2.76% to $0.4985.
- TRON (TRX) also saw an increase of 3.26% to $0.08383.
Meme cryptocurrencies showed positive movements as well:
- Dogecoin (DOGE) increased by 1.42% to $0.06224, with a 9.90% decrease in trading volume at $175,979,612.
- Shiba Inu (SHIB) jumped by 2.25% to 0.000007445, although its trading volume slumped by 5.14% to $75.02 million.
Cryptocurrency Market Maintains Positive Momentum Amid Economic Concerns
The overall cryptocurrency market cap reached $1.06 trillion, showing a 1.11% increase from the previous day, while the total crypto market volume decreased by 8.95% to $26.64 billion.
Pepe Coin experienced a slight decline of 0.25%, with a price of $0.0000006784, a market cap of $265.8 million, and a 24-hour trading volume that fell by 14.89% to $40.27 million. Investors appeared to be cautious amid macroeconomic concerns despite Pepe Coin’s popularity as a meme cryptocurrency.
Axie Infinity (AXS) showed a significant gain of 11.8%, trading at $4.76, with a one-day trading volume soaring by 746.57% to $177,380,899. Some have suggested that this surge could be due to a short squeeze.
Major Cryptocurrencies Remain Positive Amid Hotter Economic Data and Inflation Worries
THORChain (RUNE) jumped by 6.71% to $1.72, with its 24-hour trading volume surging by 22.86% to $71,802,123, and its market cap increasing by 6.53% from the previous day to $579,206,836.
Cosmos (ATOM) witnessed a 5.89% rise to $6.91, with its 24-hour trading volume rising by 4.91% to $82,057,796. Investors seemed to show more interest in Cosmos after its announcement on September 13 that its v12 upgrade was completed.
Despite concerns in the broader economic landscape, the cryptocurrency market demonstrated resilience, and major cryptocurrencies showed positive price movements, instilling confidence among investors.