Bitcoin, the largest cryptocurrency was trading in the green, up 1.48 percent at $43,059.22. Bitcoin has lost 1.76 percent in the past week. The market cap of the virtual currency was $810.57 million. In yet another positive news for cryptocurrency, which it said has boosted sentiment, Switzerland’s financial market observer said on September 29 that it has approved the country’s first fund that invests primarily in crypto assets, as That is reported by Reuters.
The Swiss Financial Market Supervisory Authority (FINMA) said in a statement that the crypto market index fund is restricted to qualified investors and is classified under “Other Funds for Alternative Investments” with special risks.
“The past 24 hours have been largely limited for the crypto market. Bitcoin, the largest cryptocurrency by market cap, hovered around the $41,500 mark. The same story went for the largest altcoin, Ethereum. Binance Coin, the star performer of the day BNB, which is the native token of cryptocurrency exchange Binance are on toes and waiting for an opportunity to bring the market down.However, we may see some bullish reversals among altcoins in the coming few days.Total crypto market cap surpasses the $1.85 trillion mark And overall trading volume increased by over 1.5 percent in the last 24 hours,” said Edul Patel, CEO and Co-Founder, Mudrex- a global crypto trading platform.
Rival currency Ethereum was trading up 1.38 percent at $2,971.96. Ethereum is down 3.77 percent in the past week. Ethereum had a market cap of $335.21 billion. Binance coin was up 0.99 percent at $373.00
“The battle between bears and bulls continues, which is probably why ETH has been in a consolidating phase over the past few days, trading in a range-bound fashion. The overall pessimistic views in the market have prompted investors to become increasingly cautious. ETH has been spurred on, and many have chosen to book profits during the downtrend. China’s action significantly impacted ETH, which is down 14% almost immediately after the news. Volume has shown good traction, as current prices But the asset looks quite attractive.According to the ZebPay trade desk, institutional inflows into ETH have reduced, but given the current uncertainty and volatility, it is likely to be short-lived.
Here are the top cryptocurrencies and their prices as of September 30, 2021 (data from coinmarketcap.com when the article was published)
Bitcoin – $43,059 with a change of 1.48 percent in the last 24 hours
Ether – $2,971 with a change of 1.38 percent over the last 24 hours
Cardano – $2.08 with a change of -2.62 percent in the last 24 hours
Binance Coin – $373.39 in last 24 hours – with change of 0.57 percent
Solana – 136.50 with change in -1.93 percent in last 24 hours
Polkadot – $27.87 with change of -7.68 percent in last 24 hours
Dogecoin – $0.206 with a change of -0.05 percent over the last 24 hours
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