The month of September lived up to its historic reputation of bring riddled with losses for most cryptocurrencies this year as well. Stepping into Tuesday, September 30 the crypto market continued to show signs of volatility with most altcoins trading sideways. Bitcoin reflected a profit of 2.10 percent to trade at $114,050. With today’s movement, BTC’s seven day price average has managed to mint a minor gain of under one percent after days of bring in the red.
Analysts have hinged the surge in BTC price to the upward trajectory of gold rates. As per Gulf News, 24 carat gold is retailing at AED 466 per gram as of Tuesday — having risen by AED 6 in the last 24 hours.
“Bitcoin is trading around $114,364, showing resilience amid macro uncertainty and regulatory shifts. Technically, BTC faces resistance near $120,000, with support at $111,000. A breakout above resistance could open paths to over $140,000, while downside risks remain if macro or regulatory headwinds intensify,” Sathvik Vishwanath, the CEO of Unocoin told CoinHeadines.
Volatility in the market seems to be amplified by leveraged futures activity, making short-term moves sharp and unpredictable.
Ether joined Bitcoin in chalking out a similar price trajectory in the upward direction. In the last 24 hours, the asset logged a gain of 1.73 percent, bringing its value to $4,180.
“Ethereum is also gaining momentum, trading above $4,200. If bulls manage to hold above this level, the market could see a strong surge in the coming days, setting the stage for Ethereum to retest higher levels,” Edul Patel, the CEO of Mudrex told CoinHeadlines.
Altcoins that registered gains on Thursday include Ripple, Binance Coin, Tron, Cardano, Chainlink, Avalanche, Stellar, and Litecoin alongside BTC and ETH. Cronos, Mantle, and Monero also registered minor gains.
Solana, Dogecoin, Hyperliquid, Shiba Inu, and Toncoin reflected losses on Tuesday. Polkadot, Monero, Uniswap, OKB, Ethena, and MYX Finance also registered price drops in the last 24 hours.
The overall crypto market cap rose by under two percent in the last 24 hours. With this, the valuation of the sector has come to $3.91 trillion, data by CoinMarketCap showed.
The crypto fear and greed index score also went from 37 to 43 over the last day — indicating the investor sentiment changing from fearful to neutral.