Crypto market update: BTC falls to $42,000

Out of the top 100 cryptos on CoinMarketCap, 95 are down today

Several stacks of bitcoin tokens against a black background                                 
Stacks of bitcoins – Photo:Shutterstock
                                

The price of bitcoin (BTC) ended yesterday on $44,893 after rising 3.01% on the day, according to Currency.com. The lead cryptocurrency price is now $42,337.

The volume of BTC is down by 5.58% over the past 24 hours. All top 10 cryptos are down on CoinMarketCap, with BTC down by 3.25%.

Ethereum (ETH) is down by 7.02% to $2,865, cardano (ADA) is down by 3.58% to $2.13 amd binance coin (BNB) is down by 6.82% to $347.

Ripple (XRP) is also down by 7.29% to $0.91. Dogecoin (DOGE) is down 8.34% to $0.20. The stablecoin tether (USDT) is down 0.02% to $1.

Biggest risers and fallers    

The biggest riser of the day is Ren (REN), which is up by 18.66% to $0.95. According to CoinMarketCap, REN “is an open protocol built to provide interoperability and liquidity between different blockchain platforms”.

The second-biggest riser of the day is Tezos (XTZ), which has risen by 9.15% to $6.29. XTZ, as CoinMarketCap describes it “is a blockchain network that’s based on smart contracts, in a way that’s not too dissimilar to ethereum”.

The third-biggest riser of the day is NEAR Protocol (NEAR), up by 5.18% to $7.90. CoinMarketCap states that NEAR “is a decentralised application platform designed to make apps usable on the web”.

Huobi Token (HT) is the biggest faller of the day, dropping by 20.06% to $9.97. HT “is the native token of the cryptocurrency exchange Huobi Global. It is a decentralised digital asset based on the Ethereum blockchain”, according to CoinMarketCap.

The second-biggest faller of the day is OKB (OKB), which has dropped by 16.89% to $13.99. CoinMarketCap says OKB “is a cryptocurrency released by the OK Blockchain Foundation and Maltese crypto exchange, OKEx, one of the largest in the world”.

The third-biggest drop of the day is Filecoin (FIL), which has fallen by 14.75% to $62.35. FIL “was founded by Juan Benet, who also created the Interplanetary File System. Benet is an American computer scientist who studied at Stanford University”, says CoinMarketCap. 

All prices were correct today (Friday 24 September) as of 12.16 BST (UTC +1).

Bitcoin to US Dollar
Daily change
62980.5
Low: 62281
High: 66403.8

Further reading: Crypto market update: Bitcoin continues to recover

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