Crypto market update: BTC bounces back to $42,000
The stablecoin tether is the only crypto down out of the top 10
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).