The Crypto Market is Buzzing Today as Altcoins, Especially the Memecoin Market, Record Impressive Gains

The crypto market is buzzing today and the coin prices are exhibiting significant uptrends. Notably, altcoins, especially the memecoin market have recorded impressive gains over the last 24 hours.

Cryptocurrency prices surged on Monday evening following the Federal Reserve’s decision to raise interest rates by 50 basis points, a move that was widely anticipated by markets.

The price of Bitcoin rose by 2.88% in the last 24 hours to reach $63,739 at press time. The coin’s intraday low and high were recorded at $61,910.90 and $64,082, respectively.

BTC price breached the $63k mark on Monday evening. Cryptocurrency prices surged on Monday evening following the Federal Reserve’s decision to raise interest rates by 50 basis points, a move that was widely anticipated by markets.

The price of Bitcoin rose by 2.88% in the last 24 hours to reach $63,739 at press time. The coin’s intraday low and high were recorded at $61,910.90 and $64,082, respectively.

The total crypto market volume over the last 24 hours increased by 3.14% to $2.21 trillion at press time. This surge in market activity reflects the overall positive sentiment among investors.

The crypto fear and greed index also shifted from ’49’ to ’54,’ indicating a move from ‘fear’ to a ‘neutral’ market. We have collected some of the top cryptocurrencies in this post to see how they have reacted in the last 24 hours.

Top Crypto Prices Today

Over the last day, the Bitcoin price has hovered between the low and high of $61,910.90 and $64,082, respectively. BTC changed hands at $63,739 at press time, indicating a 2.88% increase. Interestingly, the upswing coincides with a $158.21 million inflow for Bitcoin ETFs as of September 19 according to Soso Value data. Notably, Bitcoin’s dominance rested at 56.73%, a decline of 0.06% over the past day.

Ethereum has mirrored this movement and has surged above the $2,500 mark. Live data from CoinMarketCap showed that the price of ETH traded at $2,557, a 5.51% increase in one day. Its intraday bottom and peak were recorded at $2,419.79 and $2,562.81 respectively. The flagship altcoin, however, saw a drop in its trading activity as its 24-hour trading volume reflects a 5.52% decline to rest at $19.4 billion. Moreover, ETH ETFs saw a $5.24 million daily total inflow as of September 19.

Other Altcoin Prices

The crypto Solana witnessed the most gains among the top 10 cryptocurrencies. SOL price surged by 8.77% and is currently changing hands at $150.52. Solana’s intraday low and high were recorded as $138.39 and $151.50, respectively. The coin’s market cap reached $70.49 billion at press time. 

Also, the Ripple-backed XRP price gained only 0.89% in the past 24 hours to reach $0.5887. The coin traded between the low and high of $0.5789 and $0.5941, respectively. XRP’s market stood at $33.17 billion today.

Binance Coin (BNB) jumped by 2.84% to reach $573.27 and maintained a 24-hour range of $553.40 and $576.26 respectively. TRX also, recorded gains in the last 24 hours. The TRX price spiked by 1.49% to change hands at $0.1525 with 24-hour lows and highs of $0.1501 and $0.1528 respectively.

The memecoin market saw a broader uptrend in the last 24 hours. Dogecoin price saw a 2.28% gain in value to $0.1046 today. Similarly, Shiba Inu, the second-largest memecoin by market cap, increased by 3.09% to $0.00001436. PEPE and Dog Wif Hat (WIF) increased by 6.88% and 9.26% respectively.

Meanwhile, the Super Trump (STRUMP) memecoin rocketed in value at press time, positioning