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Crypto Prices Today: BTC, SOL & MATIC Enter The New Week Strong

Published 16/10/2023, 18:41
© Reuters Crypto Prices Today: BTC, SOL & MATIC Enter The New Week Strong
BTC/USD
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MATIC/USD
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SOL/USD
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  • BTC and SOL saw their prices rise by over 3%, while MATIC managed a more modest 1.13% rise in its price.
  • Along with its price, BTC’s dominance rose by about 0.45% throughout the past 24 hours.
  • SOL’s 3+% price climb also allowed it to outperform its biggest competitor, ADA.

The past 24 hours have been kind to some of the big-name cryptocurrencies like Bitcoin (BTC), Solana (SOL) and Polygon (MATIC). Both BTC and SOL saw their prices climb by more than 3%, while MATIC experienced a more modest 1+% price rise.

These tokens saw their prices climb along with the global market capitalization. At press time, CoinMarketCap indicated that the total market cap stood at around $1.08 trillion after it managed a 2.59% move up heading into the new week.

BTC / Tether US 1D (Source: TradingView)

BTC’s price was able to rise by 3.47% throughout the past day of trading. As a result, BTC was worth about $27,841.21 after it set a 24-hour peak price of $27,968.93. The market leader also saw its intraday volume surge by more than 150%, which left it standing at $12.67 billion.

Along with its price rise, BTC’s dominance also jumped by 0.45% since yesterday. Meanwhile, the cryptocurrency king’s weekly performance was in the green by 0.19%.

SOL / Tether US 1D (Source: TradingView)

Of all the top 10 largest cryptocurrencies, SOL turned the most heads with its price increase of 3.74%. This meant that the Ethereum killer was worth about $22.77 at press time. SOL also maintained its competitive edge over its biggest competitor, Cardano (ADA), as its price only managed to climb by 1.78% over the past 24 hours of trading.

SOL’s market capitalization of $9,473,451,626 also ranked it higher than ADA with its market cap of $8,883,854,645. However, SOL’s price will still have to climb by 0.72% to get back into the green zone on its weekly time frame.

MATIC / Tether US 1D (Source: TradingView)

Although MATIC’s price slipped by over 4% in the past seven days, the token has started recovering some of its losses after its price rose by 1.13% in the past day of trading. The altcoin was changing hands at $0.524 at press time, which was right below its 24-hour peak price of $0.5135.

MATIC’s latest price success also allowed it to strengthen its position against BTC by about 1.14%. Meanwhile, its market cap of $4,873,659,000 ranked MATIC as the 13th largest token, placing it just above Polkadot (DOT) in the 14th spot.

The post Crypto Prices Today: BTC, SOL & MATIC Enter The New Week Strong appeared first on Coin Edition.

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