Cryptocurrency News Today (Sept 18th, 2024): Bitcoin Price Breaks Below $60k! What Next?

The post Cryptocurrency News Today (Sept 18th, 2024): Bitcoin Price Breaks Below $60k! What Next? appeared first on Coinpedia Fintech News

Cryptocurrency Price Today: After making positive moves during the Asian hours, the market seems to be looming in fear. As a result, the market cap of the industry has dropped from $2.08 T to $2.06 T. Meanwhile, Bitcoin price is hovering around the $59k level, after brushing the $61k mark. Top altcoins such as Ethereum, Solana, and XRP have shown negligible changes.

Bitcoin Price Today: BTC to Hit $60k Next? 

The BTC price is down by 1.03% over the previous day at $59,863.97. However, the volume is still up by 37.38% compared to 39.8% earlier today. Bitcoin losing its hold at $60k has fueled speculations about its future price trend. A positive outcome from the FOMC meeting could push BTC to $66k soon. Contrarily, the $53k mark could be the outcome.

Concerned about where the BTC price is headed? Our Bitcoin Price Prediction answers that and much more!

Altcoins Prices Today: CKB Continues to Surge! 

ETH price has been firm at $2.3k since Asian trading hours today. At press time, it is trading at $2,307.32, with gains of 0.27%. On the other hand, Solana price is at $129.53, with a change of -2.08%. The XRP price is up 0.18% at $0.5733.

For long-term price targets of ETH, read our Ethereum Price Prediction

Top Gainers Today: 

• CKB price is up 9.36% in 24 hours, taking the numbers to $0.01735.
• Binary comes second with gains of 5.89%, which has taken the price to $1.53.

Top Losers Today:

• HNT continues its downtrend, the -7.28% change has taken the price to $6.57.
• Maker price too is down by 4.14% to $1460.28.

The market has seen a rapid shift in its trends since the Asian trading hours to press time. Amidst the fall of Bitcoin, Ceffu’s latest BTC sell-off speculates a possible pullback. The road in the short term seems to be in the mist until sentiments change.