Bitcoin Price Hits $9,800 as Major Cryptocurrencies Trade Sideways


Sunday, Sept. 30 — Markets are trading sideways today, with gains and losses among the top five cryptocurrencies not exceeding 4%.

Market visualization

Market visualization. Source: Coin360

The Bitcoin (BTC) price has spiked slightly after trading close to $9,600 for most of the day. At press time the coin is trading at $9,799, up 1.72% on the day.

Bitcoin 24-hour price chart

Bitcoin 24-hour price chart. Source: Coin360

Industry investor Mike Novogratz recently said that, while Bitcoin is trading below $10,000, the seminal cryptocurrency is merely in a consolidation phase. Per Novogratz, the next leg of the bull run will begin once institutional investors become more involved.

The price of top altcoin Ether (ETH) has remained relatively stable throughout the day, trading near $170. At press time, the coin is down 0.59% on the day and is trading at $171.88.

Ether 7-day price chart

Ether 7-day price chart. Source: Coin360

Earlier this month, Placeholder VC partner Chris Burniske said that Ether is a good long-term investment. Per Burniske, Ether is simply going through its first mainstream bear market, just as Bitcoin did in 2014–2015. 

Ripple’s XRP token has been trading stably throughout the week, with today being no exception. At press time the coin is down 0.76% to trade at $0.257. 

XRP 7-day price chart

XRP 7-day price chart. Source: Coin360

Major losers and gainers among top-20 altcoins 

Among the top-20 cryptocurrencies by market capitalization, Monero (XMR) has seen impressive gains, up over 7% to trade at $72.85 at press time. Litecoin (LTC) is also seeing some gains, up 3.43% to trade at $67.12 at press time. 

Meanwhile, the biggest loser among the top 20 is Algorand (ALGO), which is currently down almost 6% over the past 24 hours to trade at $0.392.

Keep track of top crypto markets in real time here

Products You May Like

Articles You May Like

Blockchain vs Bitcoin
The Final Cut Reviews; Deet n Bax Save th’ World – A Stoner Comedy Starring Jason Mewes, Craig Michaelson and Weston Cage.
Deet n Bax Save the World Movie Starring Jason Mewes Premier on 4/20/2015 in Portland
Feature Film “Deet n Bax Save the World” Starring Jason Mewes to be Released on 4/20/2015 ”Deet n Bax Save the World” an Action Stoner Comedy starring Jason Mewes produced by TruEarth Entertainment.
TruEarth Entertainment to Deliver First Feature Film Starring Jason Mewes
Deet n Bax Save the World Movie – Sex, Guns & Weed!
Deet n Bax Save the World wrapped on November 4th!
Deet n Bax Save the World resumes filming this Monday in Portland Oregon!
Deet and Bax Save The World Movie Resumes Filming Soon!