What Happened In Crypto Market Today: Top Crypto News And What's Next

Three central banks moved this week, one major bill stalled, and traders shrugged all of it off. That's what happened in crypto market today. Bitcoin climbed past $78,000, XRP pushed above $1.30, and the total value of every coin tracked by CoinGecko added roughly $70 billion in a single day. If you were expecting red charts after a Fed hike and a BoJ hike in the same 48 hours, today flipped the script. Key Takeaways Global crypto value hit $2.77 trillion today, up 2.6% in 24 hours, according to CoinGecko data, even as the Fed and Bank of Japan both raised interest rates this week. Bitcoin price today sits at $78,141.90 (up 2.4%), Ethereum at $2,507.18 (up 2.9%), and XRP at $1.33 (up 3.0%), with Bitcoin ETFs pulling in $159.45 million in fresh money on September 17. Big regulatory news landed too: the SEC gave tokenized stock platforms five years of conditional relief, and Coinbase partnered with Stablecore to reach over 3,000 US banks and credit unions. Why Is Crypto Market Up Today Despite Rate Hikes? Here's the part that surprises most people. Usually, when a central bank raises rates, risk assets like crypto fall. This week gave the crypto space three reasons to drop, back to back. The Fed raised its rate by 25 basis points on September 16, moving the range to 3.75% to 4.00%. The Bank of Japan then raised its own rate by 25 basis points on September 18, taking it to 1.25%, the highest level in around 31 years. On top of that, the Clarity Act, a bill many traders were watching for regulatory certainty, failed to pass. None of that stopped the rally. Crypto value hit $2.77 trillion today, up 2.6% in 24 hours. Trading volume over the last 24 hours reached $92.9 billion, a sign that buyers, not just short covering, drove the move. Bitcoin and Altcoin Price Today: Where BTC Stands Right Now Bitcoin price today is $78,025.00, a 2.4% jump that pushed its total value to $1.567 trillion, per CoinGecko. That single coin now makes up well over half of the entire crypto space by value. Source: Coingecko Data Ethereum price today is $2,507.18 after a 2.9% gain, bringing its market value to $306.038 billion. XRP news today centers on a 3.0% intraday surge, putting XRP price today at $1.33 with an $83.839 billion market value. Both coins moved in step with Bitcoin, suggesting the buying was broad rather than limited to one token. Top Crypto Gainers And Losers Today Small-cap tokens saw the sharpest moves, both up and down. Gravity, listed as G, led every gainer by a wide margin.