Crypto Prices Today: PEPE Coin, Bitcoin, and Solana Surge After CPI Data

The performance of major cryptocurrencies like Bitcoin, Ethereum, and others, has shown signs of recovery, a day after the U.S. Federal Reserve released its consumer price index (CPI) inflation data on September 13. Although the Fear and Greed Index is still in the “fear” condition, the overall performance of digital currencies has suggested otherwise. Notably, the Fear and Greed index was at 36 during writing.

Bitcoin price is showing signs of life, making gains and reaching $26,273.31 in the last 24 hours, marking a 1.50% surge. However, it’s essential to note that despite these gains, the largest crypto by market cap remains below its $30,000 threshold. Alongside Bitcoin, other major cryptocurrencies like Ethereum (ETH), BNB, XRP, Cardano (ADA), and Solana (SOL) are also enjoying positive momentum.

At the time of writing, Ethereum price was up nearly 2% and traded at $1,621.21. Among other cryptos, BNB’s price surged 1.13% to $212.18 during writing, while Cardano price rose 1.83% to $0.2486 from yesterday. On the other hand, the Solana price also noted gains of 6.18% at $18.91, and the Toncoin price jumped 7.04% to $1.91.

The situation was also somewhat the same in the meme crypto segment. Over the last 24 hours, Dogecoin price surged 1.08% to $0.06136, and Shiba Inu price gained 1.44% to $0.000007279.

The recent performance of the major cryptos suggested that the crypto enthusiasts are regaining their confidence, triggering a positive momentum in the broader market. The global crypto market cap added 1.46% to $1.04 trillion during writing, while its last 24 hours volume plunged 11.73% to $29.27 billion.

However, the investors are now waiting for the initial jobless claims and PPI data, which is expected to be released later today.

Also Read: Coinbase CEO, DeFi Protocols Should Take US CFTC to Court

The Top Four Cryptos For Today Are:

Pepe Coin Added 1.61%

The Pepe Coin price traded at $0.0000006798 while noting a gain of 1.61% on Thursday. The crypto’s market cap jumped 1.61% to $266.32 million, and its last 24 hours volume was up 7.16% to $47.29 million. Pepe coin, being the third-largest meme coin, seems to be gaining attention from traders after noting a tough time in recent days.

Hedera Surged Over 10%

The Hedera price was up 10.56% over the past day and stood at $0.0523 during writing. Its market cap also noted gains of 11.20% to $1,736,737,924. Although there is no major news, Hedera recently announced on their X account that they will be showcasing their Proof-of-Reserve solution at the TOKEN2049 event today.

THORChain (RUNE) gained over 8%

The THORChain price was $1.61 during writing and was up 8.20% in the last 24 hours. Its market cap rose by 8.12% to $543,695,664, and its 24-hour volume rose 110.74% to $58,441,729. In a recent announcement on the X platform, THORChain said that RUNE is fully distributed.

Maker (MKR) was up 5.05%

The MKR crypto was among the top gainers on September 14. During writing, the Maker price added 5.05% to $1,177.64, while its market cap jumped 5.42% to $1,151,298,444. The crypto seems to be gaining traction after its presence in two big crypto events, the Korea Blockchain Week (September 4-10) and TOKEN2049 (September 13-14), where it has discussed its “End Game” project.

Also Read: SOL Price Shoots 4.5% Despite Court’s Nod for FTX to Sell Solana Holdings

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