Crypto Prices Today September 16: BTC Drops To $58K, Major Altcoins Mirror Dip

Highlights,The crypto prices today have set off waves of concerns among traders and investors globally. Bitcoin (BTC) price slipped to the $58K level once again, while major altcoins have mainly followed with a bearish movement. The global cryptocurrency market cap saw a 3.93% decline in value, reaching $2.02 trillion today. Nonetheless, the total market volume rose 33.54% to $51.74 billion.,Here’s a collection of some of the top cryptocurrencies by market cap and their price movements today, September 16.,While BTC price slipped to the $58K mark today, ETH moved below $2,300. Even SOL and XRP prices fell 4%-5% today, raising market concerns despite the looming U.S. FOMC. Notably, despite expectations of a 50 bp fed rate cut rising substantially, the crypto market encounters turbulency.,BTC price chart illustrated a 3% dip in value and is currently resting at $58,408. The coin’s intraday low and high were recorded as $58,144.08 and $60,381.92, respectively. Bitcoin’s market cap rested at $1.15 trillion today.,This slumping movement comes despite $403.81 million inflows in Bitcoin ETFs last week. Meanwhile, the flagship crypto’s dominance witnessed a 0.35% increase to $51.74 billion. Intriguingly, Whale Alert’s data spotlighted massive BTC accumulations over the weekend, glimmering hope for the asset’s future movements.,However, current market data shows that BTC miners continue to gradually liquidate their holdings post this year’s halving, aligning with the sharp decline in Bitcoin price today. The current sentiment for the flagship crypto remains uncertain in the market.,ETH price illustrated a considerable pullback, falling nearly 6% in the past 24 hours to $2,272. The coin’s intraday low and high were recorded as $2,253.71 and $2,424.43, respectively.,Ethereum’s waning price movement falls in line with the $12.92 million weekly outflows of ETH ETFs. Ethereum’s market cap rested at $273.94 billion.,ETH whale dumps to Coinbase emerged as a prominent phenomenon in the past 24 hours, reflecting a bearish sentiment for the asset today.,Simultaneously, the crypto SOL’s price dipped nearly 5% to $130.53 today. Its 24-hour low and high were recorded as $129.38 and $137.59, respectively. Solana’s market cap rested at $61.1 billion.,Meanwhile, XRP price waned 4% over the past day and is currently trading at $0.5659. The coin’s intraday low and high were $0.5607 and $0.5903, respectively. XRP’s market cap rested at $31.91 billion today. Whale Alert’s data spotlights XRP dumps and accumulations by whales in hand over the past day, sparking uncertain sentiments in the market over future price movements.,Dogecoin (DOGE) saw a 4% drop in value and is currently trading at $0.1012. Simultaneously, Shiba Inu (SHIB) price fell 4% to $0.00001326 over the past day. Even PEPE, WIF & FLOKI prices dipped 5%-7% today.,CKB price soared nearly 9%, defying the broader market trend to trade at $0.01579. The coin’s intraday low and high were $0.01464 and $0.01749, respectively.,HNT price soared roughly 2.5% today and is trading at $7.31. The coin’s intraday low and high were recorded as $7.03 and $7.61, respectively.,XMR price gained nearly 0.5% over the past day and is currently resting at $171.12. The coin’s intraday low and high were $169.44 and $171.70, respectively.,TAO price crashed 12% in the past 24 hours and is currently trading at $300. The coin’s intraday low and high were recorded as $292.29 and $333.93, respectively.,INJ price crashed nearly 10.73% in the past 24 hours and is currently trading at $18.33. The coin’s intraday low and high were recorded as $18.00 and $20.17, respectively.,POPCAT price dipped 9% over the past day and is currently trading at $0.678. The coin’s 24-jour low and high were recorded as $0.6641 and $0.7474, respectively.,Nevertheless, the hourly time frame charts continued to spark speculations over the crypto prices today. BTC gained nearly 1% within the hourly chart, while ETH gained 0.85% at press time, stirring hope among market participants amid today’s waning movement.,