Current Bitcoin Performance
Bitcoin (BTC) is showing a little pep in its step, trading at $10,480 at press time—a lively increase of 4.58% for the day. After a brief dip below the four-figure mark, BTC is currently flirting with the $10,500 range, making a case for a resurgence. However, let’s not pop the confetti just yet; BTC will need to muster an additional 15% to reclaim the prestigious $12,000 threshold, a feat it akimbo surpassed several times earlier this month.
Bakkt Launch: A Beacon of Hope?
In another development, the much-anticipated cryptocurrency futures platform, Bakkt, announced its approval for launch by the Commodity Futures Trading Commission and the New York State Department of Financial Services. Mark your calendars for Sept. 23—this could be the shot in the arm Bitcoin needs!
Ether’s Rollercoaster Ride
On the Ether (ETH) front, the second-largest cryptocurrency has finally ditched its slump and is trading over $185, reflecting a modest increase of 0.61% for the day. ETH had earlier taken a nosedive from about $218 last Friday and has seen a decline of approximately 14.7% this week. Will it bounce back to its former glory or continue to wobble? Only time will tell!
XRP’s Struggles
While Bitcoin and Ether are gaining some ground, XRP (the unofficial black sheep of the crypto world) is now trading at $0.262, down by 0.24% on the day. Unlike its higher-profile peers, XRP hasn’t managed to turn its frown upside down and remains camped down in the red territory. It’s been a sobering week for XRP investors, to say the least!
Ripple Effect: Market Overview
But wait, there’s more! The good news doesn’t end with BTC and ETH; a few of the top-20 cryptocurrencies are basking in the green today. These include:
- EOS
- Tether (USDT)
- Bitcoin SV (BSV)
- Binance Coin (BNB)
- Monero (XMR)
- Stellar (XLM)
- Dash (DASH)
- Tezos (XTZ)
As a cherry on top, the total market capitalization of the top 100 cryptocurrencies is basking in the sun at over $270.9 billion at press time, according to crypto trackers.
