Crypto Market Faces Mixed Movements: BTC, ETH Drop, XRP Surges

Crypto Market Experiences Mixed Movements: BTC, ETH Dip, While XRP Rises

Bitcoin (BTC) witnessed a 0.76% decrease, trading at $57,893, despite inflows into BTC ETFs on September 12.

Ethereum (ETH) faced a 0.39% decline to $2,359, corresponding with a $20.14 million outflow from spot Ethereum ETFs, impacting its market capitalization.

XRP Defies Market Trend with a 4.5% Rise

In contrast to the overall market decline, XRP exhibited strength, surging by 4.5% to $0.5616. Despite market fluctuations, XRP's resilience is notable.

Bitcoin's Trading Challenges

BTC, the dominant cryptocurrency, experienced a value drop of 0.76% within a day, reaching $57,893. During the trading period, BTC's lowest point was $57,354.41, with a peak of $58,534.36.

Despite a $39.02 million inflow into BTC ETFs on September 12, the asset failed to sustain its upward momentum. Furthermore, Bitcoin's market dominance dropped by 0.03% to 56.18%.

Ethereum's Decline and Spot ETF Outflows

ETH also faced a downward movement, with its price decreasing by 0.39% to $2,359. The cryptocurrency fluctuated between $2,316.16 (low) and $2,379.03 (high). This decline coincides with a $20.14 million outflow from spot Ethereum ETFs. Ethereum's market capitalization currently stands at approximately $283.85 billion.

Solana's 1% Drop

SOL witnessed a 1% decline in value, resulting in a price of $134. The crypto's 24-hour trading range spanned from $133.53 (low) to $136.61 (high). Solana's market cap reached $63.03 billion, reflecting the broader market shifts impacting digital assets.

Meme Coins and Notable Crypto Movements

Among meme coins, Dogecoin (DOGE) experienced a 0.6% decrease, trading at $0.102, while Shiba Inu (SHIB) showed slight gains, trading at $0.00001342. Meanwhile, Pepe Coin, Dogewithat, and FLOKI remained in negative territory.