Bitcoin (BTC) dropped below $42,000 on September 28 as overnight losses worsened. The drop came after a $1,000 saadollarsik loss in late Monday, which seems to have stopped the weekend high of $44,400 bullish hopes. When things were like this in BTC, altcoins took a bigger hit. Only 3 altcoins have seen an increase in price in the last 24 hours.
Cryptocurrency market falls sharply
Attention, two days before the monthly close, eyes turned to the level of 43,000 dollars as the “worst case scenario” for BTC / USD to end September. Meanwhile, the largest altcoin Ethereum dropped below $3,000 and dropped 6.4 percent. Cardano (ADA) lost 4.8 percent, BNB lost 4.5 percent, and XRP 3.8 percent. Solana (SOL) also fell 3.5 percent. Polkadot (DOT) was the coin with the most losses in the top 10, with a drop of 6.8. Finally, Dogecoin (DOGE) is holding the $0.20 level with a 2.7 percent loss.
However, the 3 altcoins in the top 100 cryptocurrencies by market value have been the only coins that have risen in the last 24 hours. These; eCash (XEC), Phantom (FTM) and Huobi Token (HT).
eCash, Phantom, Huobi Token: Top 3 altcoins
As we reported , Bitcoin Cash ABC, formerly known as Bitcoin Cash (BCH), has recently been rebranded as eCash (XEC). Over the past month, the excitement for the project has come with the branding process, which includes a token renewal that has increased the circulating supply from 21 million to 21 trillion. Most recently, Upbit was the platform that started the eCash branding process. XEC has gained 12.49 percent at the time of writing.
The rise of Fantom (FTM), which has gained 8 percent in the last 24 hours, comes after various financing initiatives designed to attract developers, investors and new liquidity to its ecosystem. At the end of August, it launched a 370 million FTM incentive program. Yesterday, it announced that it will be working with OJSC Orienbank for CBDC (central bank digital currency) trials in Tajikistan. Also recently, an NFT platform called Artion has been installed on Fantom.
Finally, the cryptocurrency exchange Huobi’s Huobi Token (HT) rose 5 percent. HT, which has fallen in the past days after the Chinese Central Bank’s announcement of its plan to further tighten crypto trading, seems to have changed this downward trend in the short term, contrary to the market.