Market Update September 20

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The past week in the cryptocurrency market has been eventful, to say the least.

With Bitcoin surging by over 9% and Ethereum following closely with an 8.65% increase, it’s clear that the bulls are back in control.

Bitcoin saw a 9.24% increase in its price over the past week, reaching an impressive $63,314.81.

Ethereum, often referred to as the “king of altcoins,” also saw a substantial increase of 8.65%, reaching $2,546.12.

In terms of overall market performance, the total market cap for cryptocurrencies has risen to $2.2 trillion, a 2.79% increase from the previous week. The 24-hour trading volume, however, has seen a slight decrease of 5.54%, standing at $90.77 billion. This could be a result of investors taking profits from the recent bullish market and waiting for another entry point.

Bitcoin dominance, which measures the percentage of the total market cap that Bitcoin holds, has slightly decreased to 56.7%. This is due to the recent surge in altcoin prices, as investors may be diversifying their portfolios. Ethereum dominance also saw a slight decrease, standing at 13.9%.

As for altcoins, many have seen positive gains over the past week. Binance Coin (BNB) saw a 5.69% increase, reaching $565.83. Solana (SOL) saw a massive 12.66% jump, reaching $150. Other notable increases include XRP (3.84%), Dogecoin (2.39%), Toncoin (3.37%), and TRON (0.70%).