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Bitcoin price reached $115,407.03 with 1.11% gains and $2.29 trillion market cap.
Solana is the biggest gainer today up by 6.25% to $237.41.
BlackRock's tokenized ETF exploration signals growing institutional blockchain adoption.
Crypto prices today trade in green. Bitcoin leads the uptrend trading above $115,000 at press time, as most altcoins follow suit, posting gains. Ethereum climbed past $4,500 while Solana was the day’s biggest gainer with over 6% growth. The crypto market is up, driven by favourable institutional developments and renewed investor confidence.
Here is how top ten tokens are trading today based on CoinMarketCap data:
Bitcoin price surged to $115,407.03 up by 1.11% increase over the past 24 hours. It has a market capitalization of $2.29 trillion and trading volume of $51.4 billion. Bitcoin's circulating supply is at 19.91 million coins.
Mr. Paras Malhotra SVP - Trade, Custody and BizOps at CoinDCX noted during late trading hours on September 11, “Bitcoin has broken above the accumulated range, closing above $114,000, hinting at a revival of a bullish trend in the times when the support at $110,000 was activated. The other cryptos within the top 10, like ETH, XRP, SOL, DOGE, TRX & ADA, are also heading towards the crucial resistance. The overall market sentiments are rising, hinting towards a bullish weekend.”
Ethereum price is trading up by 2.53% to $4,523.18, with its market cap hitting $545.97 billion. The second-largest crypto by market value saw trading activity of $40.4 billion in 24-hour volume through 120.7 million tokens.
Other major cryptocurrencies also see gains:
XRP rose 1.47% to $3.05, maintaining its position as the third-largest crypto with a $182 billion market cap.
Solana was one of the day's biggest winners, jumping 6.25% to $237.41 with a market value of $128.7 billion.
BNB gained 1.56% to trade at $907.98, supported by strong ecosystem growth.
Dogecoin increased 3.46% to $0.2612, continuing its recent positive trend.
TRON advanced 1.85% to $0.3495, while Cardano rose 1.49% to $0.9031.
Also Read: Crypto Prices Today: Bitcoin Price Surges Past $114,000, Ethereum at $4,411, Dogecoin Jumps 5.06%
Stablecoins held strong, with Tether (USDT) maintaining its $1 peg and holding a $169.5 billion market cap. USD Coin (USDC) traded at $0.9997 with a market value of $72.4 billion. Hence, providing the much-needed liquidity investors are looking for.
Many factors contributed to today's positive market performance. BlackRock's reported interest in tokenizing ETFs reveals a major institutional validation of blockchain technology. The asset manager already operates the world's largest tokenized money market fund, holding $2.2 billion across multiple blockchain networks.
Investor expectations around US Federal Reserve policy decisions are driving crypto prices today as reported by Binance. Goldman Sachs CEO David Solomon said that a 25 basis point rate cut may happen rather than a 50 basis point cut. Lower interest rates have traditionally benefitted crypto markets.
Regulatory news in Asia, on the other hand, created some mixed signals. Chinese regulators may force mainland Hong Kong firms to limit their stablecoin and crypto activities. Hence potentially affecting institutional adoption in the region. The news is followed by HSBC and the Industrial and Commercial Bank of China’s (ICBC) plans to apply for stablecoin license in Hong Kong.
Crypto prices today reflect growing institutional interest and improved market infrastructure. JPMorgan has described tokenization as a ‘significant leap’ for the $7 trillion money market fund industry. Hence, highlights the potential for traditional finance to integrate with blockchain technology.
The upcoming Federal Reserve meeting on September 17 may influence market direction. 92.2% of market participants are expecting a 25 basis point rate cut according to CME FedWatch data. Investors need to keep an eye on these regulatory and macro developments to understand what may happen next.
Also Read: Crypto News Today: Arthur Hayes Bets Big on ENA, Bitcoin ETFs Surge, Ethereum Sees Fresh Whale Buys
1. Why is the crypto market up today?
The crypto market gained momentum due to BlackRock's reported exploration of tokenized ETFs, positive institutional developments, and expectations of Federal Reserve rate cuts. These factors combined to create favorable conditions for digital asset prices across major cryptocurrencies.
2. What is Bitcoin price today?
Bitcoin price today reached $115,407.03, representing a 1.11% increase over the past 24 hours. The leading cryptocurrency maintains a market capitalization of approximately $2.29 trillion with strong trading volume of $51.4 billion, reflecting continued institutional and retail interest.
3. Which is the best crypto to invest in today?
While investment decisions depend on individual risk tolerance and goals, today's best performers included Solana with 6.25% gains and Ethereum with 2.53% growth. Bitcoin continues to show stability as the market leader with consistent institutional adoption and growing mainstream acceptance.
4. How did Ethereum perform compared to other altcoins today?
Ethereum price increased 2.53% to $4,523.18, showing solid performance alongside other major altcoins. While Solana led with 6.25% gains and Dogecoin rose 3.46%, Ethereum's growth reflects its strong position as the leading smart contract platform with huge market capitalization.
5. What institutional developments are affecting crypto prices?
BlackRock's exploration of tokenized ETFs represents a major institutional milestone, building on their existing $2.2 billion tokenized money market fund. JPMorgan and Goldman Sachs initiatives in tokenization, combined with potential regulatory clarity and Fed policy expectations, are driving institutional confidence in digital assets.
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