Bitcoin Above $114K: ETH, SOL, DOGE Surge as Market Turns Bullish: Cryptocurrency Prices Today, Sep 11

After multiple days of a slump, cryptocurrency prices are finally rising, as major tokens are recording daily gains with rising trading volumes. Bitcoin (BTC), Ethereum (ETH), Solana (SOL), and Dogecoin (DOGE) are leading the charts currently.

Bitcoin Price Today

Bitcoin price today is $114,175.71 after it gained 2.35% in the last 24 hours and 3.10% over the past week, though it is still down 4.94% in the monthly chart.

"Bitcoin has gained strong momentum after cooler-than-expected PPI data at 2.6% boosted hopes for a rate cut. With the odds of a rate cut next week increasing to 82%, the broader crypto market is expected to maintain the bullish sentiment. The move was further supported by consistent institutional inflows, with Bitcoin spot ETFs recording almost $1 billion in net inflows so far this week. A decisive break above $115,000 could drive BTC towards $118,300, while immediate support has moved higher to $111,600." said Edul Patel, CEO of Mudrex.

Ethereum and Altcoin Performance

Ethereum (ETH) is trading at $4,411.63, with a market cap of $532.20 billion. ETH rose 2.27% in 24 hours and is up 2.60% weekly, though down nearly 3.87% monthly.

XRP price today stands at $3.01, up 1.53% today and a massive 7.51% weekly gain, though still down 7.83% monthly.

Binance Coin (BNB) trades at $895.17, rising 1.68% daily and 6.10% weekly, showing a strong 7.56% monthly rally.

Solana (SOL) has emerged as a top performer, hitting $223.22 with 10.27% weekly and 16.48% monthly gains.

Stablecoins Update

Tether (USDT) and USD Coin (USDC) prices remain steady at $1.00 and $0.9998, respectively, holding their pegs with minimal fluctuations. Together, USDT and USDC account for more than $240 billion in market cap, playing a huge role in crypto liquidity.

Meme Coins & Others

Dogecoin (DOGE) price surged 4.75% today to $0.2519, with 18.54% gains weekly.

Cardano (ADA) is trading at $0.8893, with 9.84% weekly gains and a 5.81% monthly rise.

TRON (TRX) trades at $0.3426, gaining 2.15% today but showing weakness with a 2.74% monthly drop.

What is Impacting the Market Sentiment?

"With Bitcoin above $114K, a slight upward movement over the past 24 hours. Ethereum is priced at approximately $4.3k, also seeing a mild pullback amid muted trading. ETF flows show a nuanced picture:spot Ethereum ETFs ended a six-day outflow streak with about $44.16 million in inflows on September 9, driven largely by BlackRock's ETHA. Bitcoin ETFs also saw modest inflows (~$23.05 million) that day, led by IBIT, among others.The macro backdrop is turning more favourable: U.S. producer price index (PPI) data came in softer than expected, with wholesale inflation actually easing-this has helped revive hopes for more accommodative Fed policy." As per the CoinSwitch Markets Desk

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