Hey there, crypto enthusiasts! Welcome back to yet another Bitcoin news update, especially for today, September 20th, 2024. There are so many happenings in the crypto news world, and we are here to decode it all for you. So, get yourself a cup of coffee or any drink of your choice, and let’s begin exploring the current trends in the crypto market.
Bitcoin Surges to a Record High: Bitcoin Price Touches $64000!
We will start with the main performer of the show, or more precisely, the fact — Bitcoin. The Bitcoin price will not be left behind in the trend as it recorded a 24-hour value of up to $64180! This, as I write this, is roughly $63,847. The accountability level deteriorated to 2.79%. It can also rise to an amazing 97% in just one day. Is it a Beginning of a Bull Run for Bitcoin? Well, it sure looks like it!
This is not something they are dreaming of; it is the result of certain hard work they are putting into the campaign. There has also been a rise of Bitcoin ETF which indicates that institutions are now beginning to adopt Bitcoin. But as it goes with the opposite direction, it is important to observe that trading volumes have slightly pulled back — by 10.36%. Still, that is not all bad in fact you could say that life would not be worth living if you did not incur at least one of them along the way right?
Also Read: Ethereum vs. Bitcoin: Which Crypto Giant Is Superior?
Ethereum Breaks Through!
But wait, there’s more! Finally, Ethereum, our favorite smart contract platform, jumped over the long-standing $2.4k resistance level. Given its analysis, Ethereum is now comfortably at $2553 factually, the number is also high and, surprisingly, the site has 5.42% gain. Not too shabby, Eth!
Altcoin Market Trends: Migration and mobility of common people Migrants and travelers
The same also holds for the altcoin market which has also registered some kind of movement. Here’s a quick rundown of the top crypto to invest in 2024 based on today’s performance:Here’s a quick rundown of the top crypto to invest in 2024 based on today’s performance:
- SUI: Sui is a groundbreaking layer-1 blockchain platform designed to support the needs of global adoption by offering a secure, powerful, and scalable development platform. Today's live Sui price is $1.56 USD with a 24-hour trading volume of $835,390,142 USD. Sui is up 15.37% in the last 24 hours.
- Aptos ($APT): Today's live Aptos price is $7.15 USD with a 24-hour trading volume of $209,053,741 USD. Aptos is up 10.63% in the last 24 hours. The current ranking is #26, with a live market cap of $3,575,930,084 USD.
- Jupiter ($JUP): The live Jupiter price today is $0.862560 USD with a 24-hour trading volume of $130,190,855 USD. Jupiter is up 8.65% in the last 24 hours. The current market cap is of $1,164,455,693 USD.
- Immutable X: Currently this gaming-centered token is one of the most popular with a skyrocketing growth of 14. an increase of about 28% and the current price is $1.60.
- Core: Just a little behind it, Core has risen by 12.21% to $1.09.
- Bittensor: On a similar tear, Bittensor is 11% higher in the valuation it received in the previous round 0.02% at $417.24.
But it is not all read and roses out there fun. Fantom has lowered a little and is now 5% down. 68% to $0.6352, as for CKB it has a rather weakened position and the author of the blog seems to be not in the best form with a 1.76% dip to $0.01753.
Looking Ahead: Importance of Predicting Bitcoin’s Price: At this stage, one may wonder the importance of having a deeper evaluation of Bitcoin market and its future, and the right answer is pretty straightforward: in the modern world, people are actively using the opportunity to invest and trade in crypto.
Now, I can hear your question — That’s quite insightful but what’s next?
Currently, the Fear and Greed Index stands at 48 indicating the market is at neutral. This points to the fact that during such time, one cannot underestimate the level of alert when it comes to investing. Good for you, if you’d ask my opinion!
Looking to the future, however, some analysts are predicting some pretty high figures for Bitcoin price prediction for 2025. Still, as it is often said, one must not lose sight of these figures and trends, it does appear to be moving in the right direction.
A Word of Caution
Before we come to a close, there is approximately $1 billion worth of about 20,000 Bitcoin options contracts available. 26 billion of these will be expiring today. It has all the potential to bring some short-term fluctuations, so do keep an eye out!
Wrapping Up
And therefore, ladies and gentlemen! That is it for your crypto news headlines for September 20th, 2024. The crypto market is rather good and it seems to be improving since Bitcoin and Ethereum have shown a good start. Just as a reminder, do not forget that everything concerning the crypto universe is rather unpredictable and active. Please do your homework and never invest what you cannot afford to lose; and most importantly, HAVE FUN!
More crypto updates and Bitcoin price predictions are coming your way from BitGenix. We are here to guide you through these somewhat turbulent and always exciting crypto seas. CHEERS!! Until next time, happy trading!
