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Bitcoin (CRYPTO: BTC) traded lower, with the cryptocurrency prices trading below the $27,000 level on Thursday. Ethereum (CRYPTO: ETH) also moved lower, trading above the key $1,600 mark this morning.
Toncoin was the biggest loser in the top 10 cryptocurrencies by market capitalization, falling alongside most other cryptos except Dogecoin. With Bitcoin below US$27,000, FTX's crypto liquidations could keep prices subdued for the rest of the month, market analysts told Forkast.
Bitcoin briefly fell below US$26,900 on early Thursday morning in Asia but is now trading above US$27,000. Ether also dropped but held above US$1,600.
Here is a list of cryptos to buy now. Each was selected due to their ability to capitalize on their already strong progress and momentum.
Toncoin (TON) is now the 10th-largest digital asset by market cap, following news of a Telegram crypto wallet launch.
Bitcoin and other cryptocurrencies are likely to witness a pick up in volatility following the Fed's rate decision on Sep. 20.
Last week, the cryptocurrency market experienced a significant inflow, propelling many digital assets into a renewed bullish phase. Bitcoin, the largest cryptocurrency, has spearheaded this upward momentum.
What crypto news involve the coins Cardano (ADA), Ripple (XRP) and TON? See below for an overview regarding current and future prices and more.
Toncoin led gainers in the top 10 cryptocurrencies by market capitalization, rising over 31% since its Telegram partnership last week. Despite Bitcoin's short-term corrections, it could return above the US$30,000 support level by October, according to market experts.
TON has been among the best performers lately, with its weekly gains exceeding 30%.
Last week, some cryptocurrencies tried to recover after the recent price drop. However, this led them into overbought territory. Weekly cryptocurrency price analysis of TON, RUNE, BCH, VET and AAVE from Coinidol.com.
Bitcoin rose on Wednesday morning in Asia to trade above US$27,200. Ether remained flat at around US$1,640.
Ahead of the Fed's decision regarding interest rate hikes, several top cryptos are waiting patiently for upside catalysts.
Bitcoin rose on Tuesday morning in Asia to around US$26,700, after briefly breaching the US$27,000 mark. Ether also logged gains but remained below US$1,650.
Bitcoin and select altcoins are attempting to make a comeback as traders expect the Fed to hold rates steady during their meeting this week.
In a remarkable turn of events in the crypto world, Toncoin and Shiba Inu have grabbed the headlines with significant price movements. Toncoin experienced a staggering 14% surge on the heels of its recent partnership with Telegram, while Shiba Inu hit a one-week high following a sustained bull run.
Not even a big-budget Idris Elba commercial could save Stellar's XLM from taking a nose dive.
Toncoin was undoubtedly one of the biggest moves in the top 100, as the token rose by as much as 14% on Saturday. The rise comes as markets continue to react to the news of a recent partnership with Telegram. Shiba inu was also higher, hitting a one-week high.
The Bitcoin price reversal from the psychological level of $25000, has triggered a relief rally among the majority of major cryptocurrencies. Amid this recovery sentiment, some could hold a higher potential of rebound aligned with the bullish setup in the technical chart.
VET, LTC, and MKR are the other notable gainers from the top 36 alts.
The recovery in Bitcoin and altcoins is facing selling at higher levels, indicating that the overall sentiment remains negative.
Bitcoin rises past US$26,500. All other top 10 cryptos gain, except BNB.
Bitcoin (CRYPTO: BTC) traded higher, with the cryptocurrency prices trading above the $26,000 level on Wednesday. Ethereum (CRYPTO: ETH), also moved higher, but traded slightly below the key $1,600 mark this morning.
As Bitcoin price stages a comeback from the $25,000 support level, altcoins are beginning to show signs of recovery. However, the release of the inflation measure, the US Consumer Price Index (CPI) scheduled for today could hinder this progress and increase market volatility.
