Cryptocurrency Price Today (September 17): Bitcoin Remains Stable At $58,000, Fantom Becomes Top Gainer
Cryptocurrency price on September 16 quick take: The global market cap dipped to $2.03 trillion.
Bitcoin (BTC), the world’s oldest and most valued cryptocurrency, managed to remain stable around the $58,000 mark early Tuesday. Other popular altcoins — including the likes of Ethereum (ETH), Dogecoin (DOGE), Solana (SOL), Ripple (XRP), and Litecoin (LTC) — largely landed in the reds across the board as the overall Market Fear & Greed Index stood at 36 (Fear) out of 100, as per CoinMarketCap data. The Fantom (FTM) token emerged to be the biggest gainer of the lot, with a 24-hour jump of nearly 9 percent. The SEI token became the biggest loser, with a 24-hour dip of nearly 8 percent.
The global crypto market cap stood at $2.03 trillion at the time of writing, registering a 24-hour dip of 0.21 percent.
Bitcoin (BTC) Price Today
Bitcoin price stood at $58,244.78, registering a 24-hour dip of 0.16 percent, as per CoinMarketCap. According to Indian exchanges, BTC price stood at Rs 49.04 lakh.
Ethereum (ETH) Price Today
ETH price stood at $2,287.95, marking a 24-hour jump of 0.36 percent at the time of writing. Ethereum price in India stood at Rs 1.98 lakh.
Dogecoin (DOGE) Price Today
DOGE registered a 24-hour dip of 1.06 percent, as per CoinMarketCap data, currently priced at $0.1. Dogecoin price in India stood at Rs 8.52.
Litecoin (LTC) Price Today
Litecoin saw a 24-hour gain of 0.83 percent. At the time of writing, it was trading at $63.25. LTC price in India stood at Rs 5,233.90.
Ripple (XRP) Price Today
XRP price stood at $0.5885, seeing a 24-hour gain of 3.36 percent. Ripple price in India stood at Rs 47.96.
Solana (SOL) Price Today
Solana price stood at $131.16, marking a 24-hour dip of 4.46 percent. SOL price in India stood at Rs 11,239.17.
Top Crypto Gainers Today (September 17)
As per CoinMarketCap data, here are the top five crypto gainers over the past 24 hours:
Fantom (FTM)
Price: $0.5285
24-hour gain: 8.31 percent
Celestia (TIA)
Price: $4.89
24-hour gain: 6.18 percent
BitTorrent [New] (BTT)
Price: $0.000000879
24-hour gain: 3.98 percent
Popcat (SOL) (POPCAT)
Price: $0.6966
24-hour gain: 3.49 percent
Ripple (XRP)
Price: $0.5866
24-hour gain: 3.08 percent
Top Crypto Losers Today (September 17)
As per CoinMarketCap data, here are the top five crypto losers over the past 24 hours:
Sei (SEI)
Price: $0.2713
24-hour loss: 7.24 percent
Helium (HNT)
Price: $6.96
24-hour loss: 5.95 percent
Beam (BEAM)
Price: $0.01384
24-hour loss: 4.48 percent
Render (RENDER)
Price: $4.71
24-hour loss: 3.94 percent
Nervos Network (CKB)
Price: $0.01608
24-hour loss: 3.74 percent
What Crypto Exchanges Are Saying About Current Market Scenario
Mudrex co-founder and CEO Edul Patel told ABP Live, “Bitcoin has stabilised at the $58,000 level showing signs of recovery after touching the $57,500 mark. The selling pressure caused ahead of the FOMC meeting was short-lived. At present, BTC has a major resistance of $59,700 level if broken, could rally up to $61,000 in the near term. The support levels stand closer to $56,500.”
CoinSwitch Markets Desk noted, “Bitcoin’s price hovers near $58,000 as traders brace for the Fed’s upcoming monetary policy decision, with markets largely anticipating a 0.5% rate cut. Economic concerns extend beyond the U.S., as weak data from China adds to the market's caution. Meanwhile, Bitcoin dominance has surged to 58%, while the ETH/BTC ratio dipped to 0.03, marking its lowest level in 3.5 years.”
Shivam Thakral, CEO of BuyUcoin, said, “In the last 24 hours, Bitcoin has dipped slightly to around $58,800, reflecting a 0.33% decrease as traders await the Federal Reserve's anticipated interest rate cut. In the last 24 hours, Bitcoin has slightly dipped to around $58,800, down 0.33%, as traders eagerly await the Federal Reserve's anticipated interest rate cut. Meanwhile, XRP surged by 3.10%, closing at $0.5859, reflecting renewed optimism amid speculation about the SEC's potential appeal in the Ripple case. Notably, Bitcoin ETFs saw impressive inflows of over $263 million, the highest since July, signalling strong institutional interest and confidence in the market.”
Avinash Shekhar, Co-founder & CEO, Pi42, said, "Bitcoin's drop below $60k has stirred speculation. It is perceived that short-term holders booked profits after a series of green candles, pushing the STH-SOPR index above 1, while long-term holders remain steady, eyeing key support at $58,100. If broken, Bitcoin could test the $55k range. Meanwhile, Ethereum’s struggle continues as its BTC ratio hits a 3-year low, raising concerns about its short-term outlook. The market's direction largely depends on trends, such as a potential Fed rate cut or the start of a new bull rally"
Sathvik Vishwanath, CEO and co-founder of Unocoin, said, “Bitcoin (BTC) is trading at $57,888, showing a slight 0.06% gain over the past 4 hours. It is moving within a bullish channel with immediate resistance at $58,494. A break above this level could drive BTC toward $59,815, while failure to break through may lead to a pullback, with support levels at $57,227 and $55,728. The Relative Strength Index (RSI) is at 56.77, indicating neutral market conditions. The 50-day Exponential Moving Average (EMA) is at $56,979, supporting the current bullish trend. BTC’s outlook remains cautiously bullish, with key levels to watch for clearer direction.”
CoinDCX Research Team told ABP Live, “The crypto market experienced a small dip yesterday, which seems more like a pullback in its broader uptrend. For BTC, the key support level is $57,700, with resistance at $61,600. ETH, however, continues to underperform, possibly due to small-scale selling by the Ethereum Foundation, which, while minor, could trigger some fear in the market. Altcoins are displaying mixed performance. Tomorrow's US Federal Funds rate announcement is a significant event that could bring increased volatility to the market.”
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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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