Crypto market update: BTC bounces back to $42,000

The stablecoin tether is the only crypto down out of the top 10

Bitcoin tokens gleam on an orange blockchain network background                                 
Bitcoin seems to have rebounded, with other cryptos edging back up – Photo: Shutterstock
                                

The price of bitcoin (BTC) ended yesterday on $41,031 after falling 2.70% on the day, according to Currency.com. The lead crypto price is now $42,411.

The volume of BTC was down by 19.01% over the past 24 hours, however BTC has since edged up by 1.69%, along with none of the top 10 cryptos, which were up today on CoinMarketCap.

Ethereum (ETH) is up by 1.03%, but still under the $3,000 mark at $2,923. The stablecoin tether (USDT) is down by 0.01%, but still priced at $1. Cardano (ADA) was up by 1.16% to $2.14.

Binance coin (BNB) is up by 3.06% to $344; ripple (XRP) is up by 0.55% to $0.92; and dogecoin (DOGE) is up by 0.41% to $0.20.

Biggest risers and fallers      

The biggest riser of the day is dYdX (DYDX), which is up by 28.77% to $25.77. According to CoinMarketCap, dYdX “is a governance token that allows the dYdX community to truly govern the dYdX layer-2 protocol”.

The second-biggest riser of the day is OKB (OKB), which has risen by 13.52% to $16.39. OKB, as CoinMarketCap describes it, is “a cryptocurrency released by the OK Blockchain Foundation and the Maltese crypto exchange, OKEx”.

The third-biggest riser of the day is perpetual protocol (PERP), up by 9.21% to $16.45. CoinMarketCap states that PERP “was launched in late 2019, originally under the name of Strike Protocol. Perpetual protocol builds on an Uniswap-inspired automated-market maker (AMM) design”.

XDC Network (XDC) is the biggest faller of the day, dropping by 10.17% to $0.12. XDC is the native coin that powers the XinFin network, according to CoinMarketCap.

The second-biggest faller of the day is Decred (DCR), which has dropped by 5.19% to $99.58. According to CoinMarketCap: “DCR is a blockchain-based cryptocurrency launched in February 2016. The DCR token and Decred protocol were created to facilitate open governance, community interaction and sustainable funding policies.”

The third- biggest drop of the day is Tezos (XTZ), which has fallen by 4.67% to $5.76. Tezos is “a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to Ethereum”.

All prices were correct today (Wednesday 29 September) as of 10:11 BST (UTC +1).

Bitcoin to US Dollar
Daily change
63677.1
Low: 63677.1
High: 64275.2

Further reading: Crypto market update: BTC drops to $41,000

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