Cryptocurrency Price Today: Bitcoin Price Remains Above $34,300; Solana Jumps Over 9%

Bitcoin price was almost flat at $34,327.36 per token, up 0.01% on Tuesday. Following a rally last week, the price of Bitcoin is in a pivotal price range of around $34,000. The next move in the price of the world's largest cryptocurrency can come after this week's Fed decision. The short-term outlook indicates that Bitcoin has an intermediate resistance at $34,500 on average.

Meanwhile, in an event when the demand for Bitcoin rises higher and the resistance price which is near $35,500 is exceeded, Bitcoin can likely form a new path toward $ 42,000.

The recent rally in the price of Bitcoin is due to optimism that the United States Securities and Exchange Commission (SEC) will give approval to a US-based spot Bitcoin exchange-traded fund (ETF) either by the end of this year or by January 10, 2024.

The global crypto market cap has increased by 0.87% to $1.28 Trillion.

The total crypto market volume over the last 24 hours has increased 48.71% to $39.76 Billion. The total volume in DeFi is currently $3.89 Billion which makes 9.77% of the total crypto market 24-hour volume. The volume of all stablecoins is now $35.78 Billion, which is 89.99% of the total crypto market 24-hour volume.

The price of Ethereum gained 1.17% at $1,805.29 per token on Tuesday. Ethereum has a market of $217,083,151,398 at the time of writing this article according to CoinMarketCap data.

How are meme coins performing today?

Meme currencies traded mostly higher today.

Dogecoin: The price of Dogecoin gained 0.84% at $0.06943 per token on Tuesday. Dogecoin has a market cap of $9.83 Billion.

Shiba Inu: Shiba Inu price was up 0.16% at $0.00000798 per token. At this price, the meme currency Shiba Inu has a market cap of $4.7 billion.

Pepe Coin: The price of Pepe Coin (PEPE) was up 1.77% at $0.0000000002898 per token on Tuesday.

How Are Other Altcoins Performing Today?

XRP:

Ripple's XRP price gained 4.34% at $0.5783 on Tuesday. XRP is ranked number 5 out of all 8,824 active cryptocurrencies listed on CoinMarketCap.

Cardano:

Cardano price jumped 2.83% higher today at $0.3026 per token at the time of writing this article.

Solana:

Solana price surged 9.26% higher at $36.00 per token on Tuesday. Solana is the world's 7th largest cryptocurrency in terms of market cap.