The broader market took a phenomenal upward trajectory after the latest U.S. FOMC meeting announced an interest rate cut of 50bp.
Cryptocurrency prices today, September 19, took a phenomenal upward trajectory after the latest U.S. FOMC meeting announced an interest rate cut of 50bp. Bitcoin (BTC) price breached the $62K level, whereas Ethereum (ETH), Solana (SOL), and XRP prices gained 1%-4% in tandem.
Simultaneously, the global crypto market cap rose 3% over the past day to reach $2.14 trillion at press time. Moreover, the total market volume surged 21.36% in the past 24 hours to $91.32 billion.
Here’s a brief overview of some of the top cryptocurrencies by market cap and their price action today, September 19.
Cryptocurrency Prices Today: BTC, ETH, SOL, & XRP Gain After Fed Rate Cuts
Following the Fed’s 50 bp rate cut announcement, Bitcoin pumped from the $60K level to top $62K today. Moreover, altcoins have mainly mirrored a bullish market sentiment, stirring investor optimism globally. Meanwhile, it’s noteworthy that POPCAT emerged among the day’s top gainers, leading the market. Let’s delve deeper into the coins’ price action for today.
Bitcoin Price Today
BTC price chart illustrated a nearly 3% upswing in the past 24 hours and is currently trading at $62,151. The coin’s intraday low and high were recorded as $59,218.25 and $62,578.77, respectively.
This bullish price action comes despite $52.83 million outflows in the Bitcoin ETFs as of September 18, per Soso Value data. Meanwhile, Bitcoin’s dominance saw a 0.14% increase over the past day to $57.33%.
In tandem with this upside movement, Skybridge Capital founder Anthony Scaramucci predicted BTC price to reach $100K ahead. Further, adding to the optimism, Michael Saylor’s MicroStrategy upsized convertible notes offering from $700 million to $875 million.
The flagship crypto’s market cap rested at $1.23 trillion today.
Ethereum Price Today
ETH price also gained nearly 3% in the past 24 hours to trade at $2,407. The coin’s intraday low and high were recorded as $2,278.66 and $2,408.26, respectively.
Ethereum’s price movement also comes despite $9.74 million outflows in spot ETH ETFs. The coin’s market cap stood at $289.94 billion today. Notably, even Whale Alert’s data illustrated massive dumps to Coinbase in the past 24 hours. Nonetheless, the coin continues to pump against the backdrop of the latest FOMC meeting.
Solana Price Today
The crypto SOL witnessed a nearly 5% gain in value and is currently trading at $138. Solana’s intraday low and peak were recorded as $127.25 and $138.25, respectively. The coin’s market cap rested at $64,78 billion today. Also, Solana rolled out an upgrade for devs recently, solidifying its stance in the market.
XRP Price Today
Simultaneously, XRP price gained nearly 1% in the past 24 hours to reach $0.586. The coin’s intraday low and high were recorded as $0.5631 and $0.5895, respectively. XRP’s market cap rested at $33 billion today.
Meme Coins Performance
Also, Dogecoin (DOGE) price today noted gains worth nearly 3% to trade at $0.1041. Similarly, Shiba Inu (SHIB) price gained nearly 4% to trade at $0.00001387.
Even Pepe coin, dogwifhat, and Floki prices pumped 5%-8% today.
Top Cryptocurrency Gainers Prices Today
Meanwhile, the coins leading the broader market gains are:
Popcat
POPCAT price pumped hard by 20% over the past day, reaching $0.8571. The coin’s intraday low and peak were recorded as $0.6556 and $0.8747, respectively.
Sei
SEI price also surged 20% over the past day and is currently sitting at $0.3377. The coin’s 24-hour low and high were $0.2627 and $0.3439, respectively.
Celestia
TIA price noted gains worth 11.28% over the past day and is currently
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