Cryptocurrency Price Today (September 10): Bitcoin Rises Above $56,000, Popcat Becomes Top Gainer
Cryptocurrency price on September 10 quick take: The global market cap rose to $2.01 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to rise above the $56,000 mark early Tuesday, as investors focus on US FOMC meeting outcomes. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the greens across the board as the overall Market Fear & Greed Index stood at 46 (Neutral) out of 100, as per CoinMarketCap data. The POPCAT token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 17 percent. Helium (HNT) became the biggest loser, with a 24-hour dip of over 5 percent.
The global crypto market cap stood at $2.01 trillion at the time of writing, registering a 24-hour jump of 3.54 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $56,823.55, registering a 24-hour gain of 3.73 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 46.06 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,344.71, marking a 24-hour jump of 2.28 percent at the time of writing. Ethereum price in India stood at Rs 1.93 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour gain of 7.41 percent, as per CoinMarketCap data, currently priced at $0.1035. Dogecoin price in India stood at Rs 8.12.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour jump of 0.38 percent. At the time of writing, it was trading at $60.66. LTC price in India stood at Rs 5,077.50.
Ripple (XRP) Price Today
XRP price stood at $0.5376, seeing a 24-hour gain of 1.78 percent. Ripple price in India stood at Rs 44.34.
Solana (SOL) Price Today
Solana price stood at $133.97, marking a 24-hour jump of 4.60 percent. SOL price in India stood at Rs 10,990.25.
Top Crypto Gainers Today (September 10)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Popcat (SOL) (POPCAT)
Price: $0.6122
24-hour gain: 16.06 percent
Fantom (FTM)
Price: $0.4846
24-hour gain: 13.37 percent
Bittensor (TAO)
Price: $275.69
24-hour gain: 11.09 percent
dogwifhat (WIF)
Price: $1.68
24-hour gain: 10.89 percent
Artificial Superintelligence Alliance (FET)
Price: $1.23
24-hour gain: 10.80 percent
Top Crypto Losers Today (September 10)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Helium (HNT)
Price: $7.76
24-hour loss: 5.85 percent
BitTorrent [New] (BTT)
Price: $0.0000008974
24-hour loss: 2.04 percent
Tron (TRX)
Price: $0.1529
24-hour loss: 0.38 percent
Gala (GALA)
Price: $0.01863
24-hour loss: 0.22 percent
Monero (XMR)
Price: $170.23
24-hour loss: 0.15 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has currently stabilized above the $56,500 mark recovering a bit. After reacting negatively to the weak employment data, the crypto traders are focusing on the upcoming FOMC meeting, anticipating a 0.25% to 0.5% rate cut which would be a big boost to BTC for another short term rally. At present, the key support remains at $55,000 mark and resistance close to $59,000. On the other hand, Ethereum is gaining momentum, currently trading at the $2,300 level up 7.8% in the last 3 days.”
CoinSwitch Markets Desk noted, “Bitcoin (BTC) marked its third consecutive green day—the first time in 50 days—but faced rejection at a key resistance level of $58,000. With the possibility of a Fed rate cut just a week away, BTC needs to break through the critical psychological barrier of $60,000 to sustain its rally toward a new all-time high. In the latest surge, over $93 million worth of short positions were liquidated. Among the top 500 tokens, Rocket Pool's RPL stood out, posting a 22% gain, even as the Liquid Restaking Token (LRT) narrative appears to be losing momentum following the EigenLayer token launch. On the flip side, Helium’s HNT, a leading token in the Decentralized Physical Infrastructure (DePIN) space, saw a 7% drop, becoming one of the biggest losers as its recent growth rally paused.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, "Bitcoin's recent recovery above $55,000 marks a significant turning point after a tumultuous week. Despite the volatility, the resurgence demonstrates the market's resilience and highlights the ongoing potential for future gains."
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “On September 9, Bitcoin (BTC) price briefly surpassed $57,500 as markets rebounded from an exaggerated response to August's payroll report. This recovery saw BTC rise approximately 8.3% from its week's low of $52,546. Analysts suggest that a key factor is Bitcoin's weekly close above $53,250, indicating potential for further gains. Despite September historically being tough for risk assets, there is optimism for the last quarter of 2024. Technical indicators, including a bullish RSI divergence, suggest a possible upward trend, potentially pushing BTC towards the $59,000 mark. However, the Bitcoin Risk Index remains high, signalling caution.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Bitcoin (BTC) has shown remarkable resilience, recovering from a recent dip to reach $56,716. This positive movement is driven by growing investor confidence in anticipated interest rate cuts by the Federal Reserve, which could enhance liquidity and stimulate demand for cryptocurrencies. Furthermore, as the U.S. election season heats up, the cryptocurrency sector is actively stepping into the political arena. The industry's dedication to establishing advantageous regulatory environments is demonstrated by the strategic investments made by Crypto Super PACs in significant Senate races. This proactive approach amplifies crypto's voice in politics and signals a growing recognition of the importance of innovation and fair regulation. With Bitcoin's price already showing resilience, the interplay of Fed decisions and political developments surrounding the 2024 election could create a favourable environment for digital assets in the future.”
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Disclaimer: Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Cryptocurrency is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Cryptocurrency market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.
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