The cryptocurrency market saw a significant surge on September 27, with Bitcoin breaking the $65,000 mark, marking a new high for the month. Meanwhile, Terra Classic (LUNC) gained 4%, adding fuel to the ongoing altcoin rally. With top altcoins following Bitcoin’s upward momentum, the crypto space is once again buzzing with excitement. In this update, we’ll explore what’s driving this price surge and how investors are reacting to these market movements.
Crypto Market Sees Strong Gains as Bitcoin Surges Past $65K and Market Cap Hits $2.3 Trillion
Today, the crypto market surged with renewed energy as the majority of cryptocurrencies posted significant gains. A quick glance at the broader market using the crypto heat map shows a strong bullish trend, spearheaded by Bitcoin, the leading cryptocurrency. BTC added over $2,000 to its price from the previous day, climbing above the $65,000 mark.
As a result, the total crypto market cap has risen to $2.3 trillion, marking a 2.59% increase in the past 24 hours. Trading volume also saw a sharp 37.31% jump, reaching $88.81 billion at the time of writing. Terra Classic (LUNC) also posted notable gains over the last day. Investor sentiment, as measured by the crypto fear and greed index, has shifted into ‘greed’ territory. Below is a closer look at how the top cryptocurrencies have performed in the last 24 hours.
Top Crypto Prices Today:
Bitcoin continues its upward momentum, hitting new monthly highs. The largest cryptocurrency by market cap fluctuated between $63,627.59 and $65,743.29 in the past 24 hours, according to on-chain data. At the time of writing, BTC is trading at $65,512, representing a 2.72% rise.
Additionally, Bitcoin’s daily trading volume surged by 54.40%, reaching $19.75 billion. This price increase coincides with a large inflow of funds into Bitcoin ETFs, which recorded $365.57 million as of September 26, according to Soso Value data.
Other Altcoin Prices
Solana
Solana experienced a strong upward trend over the last day. Its price rose by 4.45%, trading at $158.18. The lowest and highest prices for Solana in the past 24 hours were $150.66 and $158.65, respectively. Solana’s market cap has now reached $74.2 billion.
XRP
XRP saw only slight gains today. Its price increased by 0.51% over the last 24 hours, now trading at $0.5904. XRP’s lowest and highest points during this period were $0.5835 and $0.5957, respectively. The market cap of XRP stands at $33.3 billion.
Binance Coin (BNB)
Binance Coin (BNB) also saw growth today, rising by 1.90% to a price of $606.84. Over the last 24 hours, BNB’s trading range was between $591.99 and $608.92.
TRON (TRX)
TRON (TRX) increased by 1.72%, trading at $0.1544. Its 24-hour low and high were $0.1516 and $0.1549, respectively.
Terra Classic (LUNC)
Terra Classic (LUNC) showed strong bullish momentum, with its price jumping by 4.77% to $0.00009256. This spike was driven by two recent updates: a large burn by Binance and a new governance proposal approved by the Terra Classic community. Investors are now watching closely for LUNC to reach the $0.0001 mark.
Reference: Coinfamania
