Crypto market update: Bitcoin and Ethereum fall – Aster explodes
- The crypto market continues to navigate its sideways trend. Total market capitalization has fallen by 0.3 percent in the past 24 hours, just below the four trillion US dollar mark.
- Bitcoin fell 0.5 percent to $112,000. The leading cryptocurrency is trading 3.5 percent lower on a weekly basis.
- Ethereum lost one percentage point on the day, slipping to $4,155. That's a loss of seven percent over the past seven days.
- The overall picture among the largest cryptocurrencies is similar. Only BNB managed to gain slightly, with a price increase of 2.5 percent. XRP, Solana, Dogecoin, Tron, and Cardano, on the other hand, recorded losses of up to four percent.
- Things are different for the current high-flyer, Aster. The altcoin's price has surged 18 percent, breaking the $2 mark. In the few days since the launch of the Binance DEX, the coin has quadrupled in value. Read more about Aster and whether the rally is trustworthy here: Aster Gains Momentum: The Next Hyperliquid?
- Overall, however, the market appears to be falling into a low mood. This is reflected in the Crypto Fear and Greed Index, which currently places investor sentiment in the fear range at 44 points. An upward trend is not in sight.
- September is considered historically weak in the crypto market, especially for Bitcoin. However, based on current data, the largest cryptocurrency would still close the month with a gain of over three percent, according to data from Coinglass.
- Hopes are pinned on the coming month of October, which has typically been accompanied by significant price gains. Find out whether “Uptober” will hold true this year and the market will rebound again towards the end of the year in the following video:
Recommended Video Bitcoin & Altcoins in the Red: Last Chance Before Uptober?
Sources
Bitcoin price performance historically | Coinglass
