Cryptocurrency Prices Today Sept 12: Bitcoin Rebounds Above $58K, Altcoins Join the Party

Highlights,Cryptocurrency Prices Today (September 12):  Following the initial dip after the release of the US CPI for August on Wednesday, Bitcoin and altcoins have registered a strong recovery with the BTC price surging past $58,000 levels. As of press time, BTC is trading 3.3% up at $58,257 with a market cap of $1.150 trillion. Altcoins like Ethereum (ETH), binance Coin (BNB), Solana (SOL), and XRP have also surged by 2-5%.,The total cryptocurrency market capitalization increased by 1.38% today, reaching $2.04 trillion. Additionally, market trading volume saw a significant surge of 18.90% in the past 24 hours, climbing to $72.25 billion. Here’s a collection of some of the top cryptocurrencies by market cap and their price movements today, September 12.,While Bitcoin topped the $58K mark today, ETH and SOL gained nearly 1%. Simultaneously, XRP mirrored marginal gains at press time, with Sui emerging among the day’s top gainers. This pumping movement has sparked considerable optimism among market participants today.,BTC price gained nearly 2.5% in the past 24 hours and is currently trading at $58,258. The flagship coin’s intraday low and high were $55,567.34 and $58,454.16, respectively.,BTC’s upside movement comes despite $43.97 million outflows in Bitcoin ETFs as of September 11, sparking optimistic speculations among investors. Meanwhile, a recent CoinGape Media report revealed that Bitcoin reserves on exchanges are noting a steady decline, adding to optimism on future price movements.,Bitcoin’s dominance saw a 0.17% increase in value to 56.19% today. Moreover, the coin’s market cap rested at $1.15 trillion.,Simultaneously, ETH price gained nearly 1% in the past 24 hours and is currently trading at $2,370. The coin’s intraday low and high were $2,279.05 and $2,390.19, respectively.,Even Ethereum pumped despite $542.87K outflows in ETH ETFs as of September 11, per Soso Value data. Also, the coin’s upward movement comes despite massive ETH dumps to exchanges reported by CoinGape recently. Ethereum’s market cap rested at $285.23 billion today.,The crypto SOL witnessed a 1.5% upswing at press time and is currently trading at $135.72. The coin’s intraday low and high were $128.43 and $135.94, respectively. Solana’s market cap rested at $63.51 billion today.,XRP price gained 0.7% in the past 24 hours and is currently trading at $0.5374. The coin’s intraday low and high were recorded as $0.5239 and $0.539, respectively. A recent XRP price analysis by CoinGape suggests that the token risks a dip to $0.47 as it faces bearish pressure. Nonetheless, crypto market enthusiasts continue to eye the token extensively.,Simultaneously, Dogecoin (DOGE) price fell in line with the broader market trend today, gaining 1% to trade at $0.1024. Similarly, Shiba Inu (SHIB) price jumped 0.6% in the past 24 hours to $0.0000134.,Even PEPE and FLOKI prices noted marginal gains of nearly 1% today.,SUI price surged 13% in the past 24 hours and is currently trading at $1.01. The crypto’s 24-hour low and high were $0.8687 and $1.02, respectively.,BNX price saw a 7% uptick and is currently sitting at $1.58. The coin’s intraday low and high were $1.44 and $1.60, respectively.,OM price upsurged 7% to rest at $1.10 today. The coin’s intraday low and high were $1.00 and $1.11, respectively.,NOT price dipped 3% over the past day to reach $0.007804. The coin’s intraday low and high were $0.007527 and $0.007945, respectively.,WIF price also slipped 3% to $1.56 today. The coin’s 24-hour low and high were $1.50 and $1.59, respectively.,WLD price fell 2.5% over the past day to $1.40. The crypto’s 24-hour lows and highs were $1.36 and $1.44, respectively.,Besides, the hourly time frame charts continued to stir optimism among market participants. BTC price gained 0.21%, whereas ETH gained 0.22%, sparking optimism over the cryptocurrency prices today.,