BTC Nears $27,000, Pepe Coin, COMP Rally

The crypto market was dominated by the bulls on Friday, September 29, as evidenced by the positive momentum in the broader market. The investors seem to have regained their confidence in the market, with most of the altcoin noting significant gains. Notably, the crypto market fear and greed index was at 42 during writing, suggesting a neutral condition in the sector.

The recent gains have also made some investors think about the volatile nature of the crypto industry. However, the notable gains of the cryptos suggested that the investors have shrugged off concerns over recent uncertainties in the market. However, the investors would closely watch some key economic data, which includes personal income, personal spending, Personal consumption expenditures (PCE), and Core PCE, among others, that is scheduled to be released later today.

On Friday, September 29, Bitcoin price was up 2.13% to $26,928.74 as of writing today. The largest crypto by market cap nears the $27,000 mark with its gain of over 2% in the early trading session today. Its one-day volume rose 13.02% to $14 billion, and its market cap rose 2.36% to $525.07 billion.

Meanwhile, the Ethereum price surged 2.77% and traded at $1,650.17 during writing, while its volume jumped 6.06% to $6.40 billion over the last 24 hours. The surge of more than 2% in both the largest cryptocurrencies reflects the optimism of the traders.

Among other altcoins, XRP price noted gains of 2.27% to $0.5092, while its one-day volume fell 1.28% to $772.57 million. On the other hand, the Cardano price rose 2.56% to $0.25 during writing, and its market cap rose 2.5% to $8.78 billion.

The Solana price surged about 5% to $20.16 during writing on Friday, with its volume soaring 11.75% to $246.73 million. In meme coins, the Dogecoin price rose 1.72% to $0.06151, while its volume slipped 15% to $132.72 million. The Shiba Inu price added 1.29% to $0.000007316 as of writing, and its one-day volume fell 9.79% to $72.6 million.

The gains in most of the major cryptos have pushed the overall market towards the north. The global crypto market cap surged 2.02% to $1.07 trillion, while its volume from yesterday rose 5.46% to $30.4 billion.

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The Top 4 Cryptos For Today Are

Pepe Coin Soars 2%

Pepe coin is a meme crypto that has gained notable traction lately but has witnessed highly volatile trading over the past few weeks. The Pepe coin price was up 1.87% to $0.0000007481 as of writing, while its volume from yesterday slipped 27.86% to $62.4 million. The positive momentum in the broader market seems to have triggered the recent gains of the meme coin.

Compound (COMP) Adds 19%

The Compound price traded at $48.63 during writing on Friday, a gain of 18.9% over the last 24 hours. Its volume rocketed 487.32% to $175.30 million from yesterday. Although there is no recent news for its surge, it is expected that the market pundits are bullish on the crypto’s future performances.

ApeCoin (APE) Jumps 12%

Another meme coin, the ApeCoin price soared 12.35% to $1.26, while its volume skyrocketed 186.49% to $103.90 million. The bullish momentum in the crypto industry might have helped gains in the meme coin today, making it one of the top gainers in the market today.

THORChain (RUNE) Rises 10%

The THORChain price was up 9.69% to $1.92 as of writing on September 29 and secured a place in the “top gainers” list today. The crypto’s volume from yesterday jumped 13% to $77.05 million, and its market cap jumped 9.67% to $646.55 million. Meanwhile, several analysts seem to be optimistic about the future performance of the crypto, as evident by its recent surge.

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