Latest Crypto Updates Today, September 17: BTC USD in a Robust Price Range at 117K, ETH Surges Above 4.5K as XRP, BNB, SOL Trail Behind
Today’s Crypto News, September 16: BTC USD is firmly positioned at 117K, while ETH surges past 4.5K, joined by XRP, BNB, and SOL. The cryptocurrency crypto market maintains a consistent pace as the September ascent persists. Bitcoin is robust above 117K USD. At the same time, ETH has reclaimed 4,500, XRP is steady at 3.04, and SOL approaches 238 against USD.
The four leading cryptocurrencies have experienced significant increases in the past day, with current trends indicating more gains on the horizon. BNB is also on the rise, showing a 2.9% increase to $956, breaking through previous all-time highs.
Per DeFiLlama, the total value locked (TVL) in Decentralized finance remains strong at approximately $159 billion, nearing the peak of the 2021 crypto pump. Moreover, DEX trading volume has increased over 21% this week, indicating the trading market may be gearing up for a breakout.
(source – DeFi TVL, Defillama)
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BTC, Ethereum, SOL, XRP Values Climb Against USD as Fed Projections Create Buzz. Will BNB Emerge as the Q3 Champion?
Following a dip weeks back, the Bitcoin USD price has now reached $117K on two occasions within just two days. CoinGlass indicates that trading platform inflows have fallen by 15% as whales begin accumulating. Open interest in BTC ▲0.99% futures has surpassed $42 billion, with CME data revealing a 22% increase in long positions since the beginning of the month.
(source – BTC Inflows, CoinGlass)
On CoinGecko, the 24-hour trading volume stands at $42 billion, which is 12% higher than the weekly average. With CME FedWatch suggesting a 96% probability of an interest rate cut, many anticipate that the BTC USD price could continue its upward trajectory as macroeconomic conditions shift positively.
Ethereum is experiencing notable momentum as it rises above $4,500, largely due to Lido’s TVL, which is currently at $38.6 billion. AAVE ▲4.10% follows closely at $41 billion, indicating that capital is returning to DeFi. The implementation of EigenLayer brought in an additional $19 billion in value, enhancing the narrative for Ethereum as we approach Q4.
(source – Lido TVL, DefiLlama)
On the other hand, SOL is establishing its own niche around the price of 237 USD. SOL has maintained its base level more robustly than anticipated. Pantera’s significant $1.1 billion stake in Solana shows substantial institutional confidence. Additionally, Solana’s DEX volumes surged by 25% this week, positioning it as a serious competitor to ETH.
Both SOL ▲0.23% and Ethereum ▼-0.17% appear to be in good standing, and both are poised for further movement.
https://twitter.com/mellometrics/status/1849915699059118429
XRP USD has been quietly progressing, but that might soon change. Holding steady at $3.04 per XRP ▼-0.51%, more activity is expected. Ripple’s On-Demand Liquidity volume reached $1.3 trillion last quarter, and there are inklings, supported by Polymarket odds, that ETF approval might occur by October, with current predictions offering a 96% likelihood.
(source – Polymarket)
Should this materialize, XRP USD could potentially draw billions in inflows. Furthermore, with 38 billion XRP still in escrow, scarcity could quickly emerge, allowing Ripple to surge against USD significantly.
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USDC Aims for Expansion into Hyperliquid Crypto: Will HYPE Price Exceed $60?
Stablecoin powerhouse USDC is making significant strides into the decentralized trading network space, planning to broaden its influence on Hyperliquid, a rapidly emerging crypto derivatives platform. This collaborative venture may significantly boost market fluidity for HYPE, Hyperliquid’s native currency, potentially facilitating a upward movement beyond the crucial $60 mark.
This update aligns with the growing importance of stablecoins in on-chain crypto transactions. USDC’s alliance with Hyperliquid reflects a notable shift towards fully decentralized market fluidity frameworks, enhancing speed, transparency, and cost-effectiveness for both institutional and retail investors. With HYPE already surging over 12% this month, traders are speculating whether this strategic alliance could ignite a FOMO-driven surge in the forthcoming weeks.
Read the original article here.
Bitwise Set to Revolutionize RWA Crypto This Thanksgiving
RWA crypto is poised for a significant transformation this holiday season with Bitwise applying for a pioneering Stablecoin and Tokenization ETF. If granted approval, the fund is slated to debut right before Thanksgiving, potentially igniting a year-end FOMO increase for stablecoins and tokens linked to real-world assets.
With the stablecoin crypto market expanding to $290 billion and tokenized assets reaching $66 billion, this ETF might act as a catalyst for institutional capital flooding into the crypto space. This development carries substantial significance and could reshape the RWA landscape by the close of 2025.
(Source – CoinGecko.com)
Read the full article here.
The piece Today’s Crypto News, September 17: Bitcoin USD in A Firm Price Range at 117K, Ethereum Above 4.5K as XRP, BNB, SOL Follow first appeared on 99Bitcoins.
