FTX Token

Bitcoin

THORChain

Notable

The cryptocurrency market is experiencing mixed movements today, with Bitcoin (BTC) declining and XRP leading a significant surge. Despite an overall market decline, certain altcoins, like FTX Token (FTT), are also seeing major gains. Meanwhile, the total market cap has dropped by 1.86%, reaching $2.26 trillion, but trading volume has surged 17.81%, hitting $58.31 billion. Let’s take a closer look at today’s market activity. 
<h2 id="bitcoin-and-ethereum-face-a-tough-day">Bitcoin and Ethereum Face a Tough Day</h2> 
Bitcoin continues to slide, with a 2% drop bringing the price to $64,462. Despite the significant $1.11 billion inflow into U.S. spot Bitcoin ETFs, the market still failed to rally, likely influenced by external economic factors like the Nikkei 225’s 4.5% drop. Currently, Bitcoin’s market cap stands at $1.27 trillion. 
Ethereum (ETH) also followed a similar trend, dropping 2% to $2,625. Notably, a wallet linked to Vitalik Buterin made significant <a href="https://thebitjournal.com/bitcoin-ethereum-and-xrp-price-predictions-are-new-highs-on-the-horizon/" target="_blank" rel="noopener">ETH</a> sales, contributing to market uncertainty. Ethereum’s market cap has decreased to $316.41 billion as a result. 
<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-47337" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-148-1536x665-1.png" alt="Bitcoin Drops as XRP Surges! What’s Happening in the Crypto Market? = The Bit Journal" width="1536" height="665" title="Bitcoin Drops as XRP Surges! What’s Happening in the Crypto Market? 23"> 
<h2 id="xrp-defies-the-trend-surging-against-the-market">XRP Defies the Trend, Surging Against the Market</h2> 
While Bitcoin and Ethereum stumbled, XRP stood out by surging 5.5% to $0.6452. Whale Alert revealed that a major investor accumulated 31 million XRP from the Upbit exchange, boosting its market momentum. XRP’s market cap now sits at $36.53 billion, marking a significant upward movement despite the general market conditions. 
<h2 id="solana-and-other-notable-market-moves">Solana and Other Notable Market Moves</h2> 
Solana (SOL) also faced volatility, slipping by 1% to $156. However, its trading volume spiked by 54%, reaching $2.06 billion. On the winning side, FTX Token (FTT) soared by over 60%, reaching $2.27, marking one of the day’s top performers. Additionally, Mina (MINA) and Popcat (POPCAT) saw notable gains, while Notcoin (NOT) and THORChain (RUNE) were among the day’s biggest losers.<img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-47338" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-149-1536x701-1.png" alt="Bitcoin Drops as XRP Surges! What’s Happening in the Crypto Market? = The Bit Journal" width="1536" height="701" title="Bitcoin Drops as XRP Surges! What’s Happening in the Crypto Market? 24"><img loading="lazy" loading="lazy" decoding="async" class="alignnone size-full wp-image-47339" src="https://thebitjournal.b-cdn.net/wp-content/uploads/2024/09/image-150-1536x734-1.png" alt="Bitcoin Drops as XRP Surges! What’s Happening in the Crypto Market? = The Bit Journal" width="1536" height="734" title="Bitcoin Drops as XRP Surges! What’s Happening in the Crypto Market? 25"> 
With market movements remaining unpredictable, The Bit Journal advises investors to stay cautious and perform their own research, as volatility continues to dominate the cryptocurrency space. 
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Bitcoin Drops as XRP Surges! What’s Happening in the Crypto Market?

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The Bit Journal

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