Crypto On Sept. 29: Bitcoin, Ether Regain Bullish Momentum

KEY POINTS

  • The worst performers were QNT, LINK, ATOM and GMT
  • The best performers were HNT, ENS, SNX and LRC
  • The fear and greed index was 22

The crypto market turned bullish after a significant market crash Thursday as leading cryptocurrencies Bitcoin and Ether broke $19,500 and $1,300 price levels.

Bitcoin failed to retain $19,000 and dropped to the $18,000 price level the previous day, while Ether (ETH) lost the $1,300 price zone.

The trading volume of BTC dropped 10.34% in the last 24 hours, while that of ETH fell 3.55%, hinting at a possible price drop in the near future. The prices of both tokens were up more than 4% in the same period.

BTC and ETH tokens were priced at $19,522 and $1,341 respectively as of 12.20 a.m. ET, according to data from CoinMarketCap. The crypto fear and greed index was in the “extreme fear” zone as the value was at 22.

Moreover, BTC dropped 3.99%, while ETH’s price was down 5.77% in the last seven days.

Every other top 10 crypto coin was bullish, with Solana (SOL) up 4.82% to $33.82, Binance Coin (BNB) up 5.52% to $284.75, Cardano (ADA) up 1.50% to $0.4361, Dogecoin (DOGE) up 2.58% to $0.06081 and Ripple (XRP) up 4.54% to $0.4435.

The top losers in the crypto market were Chainlink (LINK), which was down 3.06% to $7.76; Cosmos (ATOM), which slipped 0.02% to $13; Quant (QNT), which was down 2.84% to $132.66 and STEPN (GMT), which dropped 2.90% to $0.6521.

The top gainers included Loopring (LRC), which was up 6.92% to $0.3069; Synthetix (SNX), which was up 11.05% to $2.44; Helium (HNT), which was up 13.15% to $5.22; and Ethereum Name Service (ENS), which was up 6.67% to $15.72.

Other major tokens were also bullish, with Polkadot (DOT) up 3.30% to $6.45, Polygon (MATIC) up 3.44% to $0.7503 and Algorand (ALGO) up 4.17% to $0.3536.

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