Cryptocurrency Price Today: Bitcoin Trades Below USD27,000 Mark, Shiba Inu Price Rises After Jump In Burn Rate

Bitcoin price traded lower on Saturday (September 23) as the price of the world's largest cryptocurrency in terms of market cap fell 0.62% at $26,555.73 per token at the time of writing this article according to CoinMarketcap data. With this, the market cap of Bitcoin dipped 0.07% at $517.66 Billion. The 24-hour volume has fallen 23.76% to $10.26 billion.

Ethereum price was up 0.24% at $1,592.76 per token at the time of filing this story. At this price, the total market cap of the world's second-largest cryptocurrency Ethereum stands at $191,492,947,365.

The global crypto market cap today is up 0.05% at $1.05 Trillion. The total crypto market volume over the last 24 hours stands at $21.81B, which makes a 89.07% decrease. The total volume in DeFi is currently $2.18B, 10.01% of the total crypto market 24-hour volume. The volume of all stablecoins stood at $20.22B, constituting 92.71% of the total crypto market 24-hour volume.

The price of Shiba Inu, one of the leading meme coins was up 0.75% today at $0.00000733 per token. Shiba Inu price moved upward on account of an impressive recovery in its burn rate after witnessing a slow start to the week. According to experts, the recent acceleration could indicate that investors are once again rousing and opting to actively contribute to the reduction of supply which could move the price upward.

According to a report, Thursday (September 21) proved to be one of the best weeks for the meme coin in terms of its burn rate. The cryptocurrency saw a 6277% jump in its burn rate in the space of 24 hours, said Shibburn, a Shiba Inu burn tracking website.

Meanwhile, the price of another popular meme coin Dogecoin was largely unchanged today. Dogecoin price was down 0.04% at $0.06152 per token. The price of other altcoins including Cardano and Polkadot was down 3.51% and 0.40% at $0.2444 and $4.01 respectively. XRP price was up 0.40% at $0.5128