Crypto market update: BTC rises to $46,000

Elon Musk has taken a break from tweeting about dogecoin to tweeting about the floki inu coin

Cryptocurrency tokens with Bitcoin coin standing upright against a black background                                 
Bitcoin is still top of the crypto pile – Photo:Shutterstock
                                

Bitcoin (BTC) ended yesterday on $44,958 after experiencing a fall of 2.34% during the day, according to Currency.com. The lead cryptocurrency price now is $46,027.  

The volume of BTC has increased by 37.42% over the past 24 hours. All the top 10 cryptos on CoinMarketCap are up, with BTC up by 3.56%.

Ethereum (ETH) is up by 4.44% to $3,352, cardano (ADA) is up by 1.41% to $2.41 and the stablecoin tether (USDT) is up by 0.07% but is still valued at $1.

Binance coin (BNB) is up by 2.56% to $404, and ripple (XRP) is up by 2.67% to $1.08. Dogecoin (DOGE) is up by 1.55% to $0.23.

Musk turns attention away from dogecoin to floki inu coin

Elon Musk, CEO of Tesla and frequent advocate of BTC and DOGE, tweeted a photo of a Shiba Inu puppy alongside the caption “Floki has arrived”.

This caused the crypto floki inu to surge in value by 150% to $0.000000005961, however despite this increase in price, it remained outside the list of the top 2,000 most valuable cryptos on CoinMarketCap.

Musk is usually to be found tweeting about DOGE. This resulted in a Twitter poll back in 2019, where Musk was named the unofficial CEO of dogecoin, beating other crypto luminaries such as Vitalik Buterin, co-founder of Ethereum, Charlie Lee, creator of litecoin, and Marshall Hayner, CEO of Metal Pay.

Biggest risers and fallers

The biggest riser of the day is Mina (MINA) by 28.15% to $6.13. According to CoinMarketCap, MINA is “a minimal ‘succinct blockchain’ built to curtail computational requirements in order to run decentralised application (DApps) more efficiently”.

The second-biggest riser of the day is eCash (XEC), which is up by 22.81% to $0.0002355. XEC was built by the experienced team of bitcoin developers who founded Bitcoin Cash. As CoinMarketCap describes it, “eCash is a fork of bitcoin with a more aggressive technical roadmap.”

The third-biggest riser of the day is Perpetual Protocol (PERP), which rose by 19.97% to $16.50. PERP “was launched in late 2019, originally under the name of Strike Protocol. Perpetual Protocol builds on a Uniswap-inspired automated market maker (AMM) design”, says CoinMarketCap. 

Harmony (ONE) is the biggest faller of the day, having fallen by 4.84% to $0.18. CoinMarketCap describes ONE as “a blockchain platform designed to facilitate the creation and use of DApps”.

The second-biggest faller of the day is Fantom (FTM), by 3.88% to $1.25. FTM, according to CoinMarketCap, “is a directed acyclic graph (DAG) smart contract platform providing decentralised finance (DeFi) services to developers using its own bespoke consensus algorithm”.

The third-biggest drop of the day is Waves (WAVES), falling by 3.20% to $29.34. According to CoinMarketCap, WAVES “is a multi-purpose blockchain platform that supports various use cases, including DApps and smart contracts”.

All prices were correct today (Tuesday 14 September) as of 11.32 BST (UTC +1).

Bitcoin to US Dollar
Daily change
47683.2
Low: 47269.7
High: 48092.5

Further reading: Crypto market update: Crypto market continues to tread water

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