Bitcoin Approaches 65K on September 23rd 2024 as TAO Continues Dominating Altcoin Growth
### Key Highlights
**Current Bitcoin Price:** BTC edges closer to the $65,000 milestone before retreating to around $63,000.
**Ethereum Overview:** ETH maintains its position at approximately $2,500, despite potential market fluctuations.
**Market Movers:** Bittensor and Immutable X show noteworthy gains.
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### Cryptocurrency Market Update
The cryptocurrency landscape has experienced favorable movements since the onset of Asian trading hours. The global market capitalization has risen by a respectable 1.41%, reaching $2.23 trillion. With Bitcoin commanding a market dominance of 56.4%, while Ethereum holds 14.3%, investors are beginning to speculate about the onset of an altcoin season.
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**Bitcoin Price Analysis: Can BTC Reach New All-Time Highs This Quarter?**
After nearing the $65,000 threshold earlier today, Bitcoin is currently trading at $63,502.73, reflecting a growth of 1.30%. Intraday trading volumes have surged impressively by 93.39%. Having oscillated between $53,000 and $73,000 for over 200 days, analysts are anticipating a potential bullish breakout by month-end.
Curious about Bitcoin’s future trajectory? Our **Bitcoin Price Prediction** will provide insights and more!
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**Altcoin Performance Today: TAO Steals the Spotlight!**
As of this writing, Ethereum is trading at $2,649.14, enjoying a rise of 2.64%. In contrast, Solana has dipped by 0.78%, now priced at $143.93. XRP has also experienced a minor decrease of 0.88%, bringing its value to $0.5869.
For long-term outlooks on ETH, check out our **Ethereum Price Prediction**.
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### Top Performers of the Day
**Gainers:**
– Bittensor (TAO) leads with a remarkable 17.98% increase, priced at $542.36.
– Immutable X follows closely with gains of 14.42%, trading at $1.83.
**Losers:**
– Pendle has seen a decline of 6.30%, settling at a support level of $3.96.
– Bonk’s value has decreased by 1.85%, now at $0.00001733.
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**Tags:** Crypto News, Price Analysis