Bitcoin Price Hits $9,800 as Major Cryptocurrencies Trade Sideways

Sunday, Sept. 30 — Markets are buying and selling sideways at present, with features and losses among the many high 5 cryptocurrencies not exceeding four%.

Market visualization. Supply: Coin360

The Bitcoin (BTC) value has spiked barely after buying and selling near $9,600 for many of the day. At press time the coin is buying and selling at $9,799, up 1.72% on the day.

Bitcoin 24-hour price chart

Bitcoin 24-hour value chart. Supply: Coin360

Business investor Mike Novogratz lately mentioned that, whereas Bitcoin is buying and selling beneath $10,000, the seminal cryptocurrency is merely in a consolidation section. Per Novogratz, the following leg of the bull run will start as soon as institutional buyers turn out to be extra concerned.

The value of high altcoin Ether (ETH) has remained comparatively steady all through the day, buying and selling close to $170. At press time, the coin is down zero.59% on the day and is buying and selling at $171.88.

Ether 7-day price chart

Ether 7-day value chart. Supply: Coin360

Earlier this month, Placeholder VC associate Chris Burniske mentioned that Ether is an effective long-term funding. Per Burniske, Ether is just going by way of its first mainstream bear market, simply as Bitcoin did in 2014–2015. 

Ripple’s XRP token has been buying and selling stably all through the week, with at present being no exception. At press time the coin is down zero.76% to commerce at $zero.257. 

XRP 7-day price chart

XRP 7-day value chart. Supply: Coin360

Main losers and gainers amongst top-20 altcoins 

Among the many top-20 cryptocurrencies by market capitalization, Monero (XMR) has seen spectacular features, up over 7% to commerce at $72.85 at press time. Litecoin (LTC) can also be seeing some features, up three.43% to commerce at $67.12 at press time. 

In the meantime, the largest loser among the many high 20 is Algorand (ALGO), which is at the moment down virtually 6% over the previous 24 hours to commerce at $zero.392.

Maintain observe of high crypto markets in actual time right here

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