Bitcoin Dips to $115K Amid Profit Booking; Ethereum Also Drops; Top Cryptocurrency Prices On Sept 20

After several days of consistent gains, the cryptocurrency market experienced a sharp pullback today, with Bitcoin (BTC) falling below the $115,000 mark. Investors booked profits as Bitcoin slipped past key support levels, while major altcoins, including Ethereum (ETH), XRP, Solana (SOL), Cardano (ADA), and Dogecoin (DOGE), also traded in the red.

According to the CoinDCX Research Team, "The impact of the Fed rate cuts has settled as Bitcoin begins to consolidate around the gains. The bears appear to have started to book profits as BTC dropped below the crucial support at $117,138 and plunged under $117,000. Meanwhile, Ethereum, XRP, Binance Coin, Solana, and Cardano trade above their respective resistance levels."

"Among the top gainers are Aster, with a nearly 50% rise, followed by Immutable & Near Protocol by over 15% & 9%, respectively. Besides, MYX Finance, Memecore & Pump.fun dropped by 16.15%, 13.21% and 11.96%, respectively. However, the market sentiments continue to remain neutral at the moment."

Bitcoin Price Update

Bitcoin is today trading at $115,516.92, marking a 1.29% drop in the last 24 hours. Despite the dip, Bitcoin maintains a massive market capitalisation of $2.30 trillion with a daily trading volume of $15.11 billion.

Ethereum, XRP, and Other Altcoins

Ethereum (ETH), the second-largest cryptocurrency, also declined, slipping 1.92% in 24 hours and 4.20% over the past week. ETH is currently priced at $4,472.25, with a market cap of $539.59 billion.

XRP, the third-largest altcoin by market cap, fell by 1.87% daily to $2.99, as its market capitalisation stood at $178.90 billion.

Solana (SOL), despite its strong performance in recent weeks, recorded a 2.63% intraday dip, trading at $238.63. However, its 32.31% monthly surge.

Cardano (ADA) struggled, dropping nearly 2.95% in 24 hours to $0.8950, keeping its market capitalisation at $32.68 billion.

Dogecoin (DOGE) faced a sharp sell-off, losing 4.35% in 24 hours and more than 8% in a week, currently trading at $0.2651. Still, it has gained over 23% this month.

Stablecoins Hold Steady

Stablecoins like Tether (USDT) and USD Coin (USDC) maintained stability, trading close to $1.00 as expected. USDT's market capitalisation stood at $171.52 billion, while USDC followed with $74.15 billion.

Binance Coin Outperforms

One of the standout performers in today's trade was Binance Coin (BNB). BNB rose 0.29% in the last 24 hours and an impressive 6.51% over the past week, trading at $994.87. Monthly, BNB has surged 18.50%, making it a top gainer among major altcoins.

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