The crypto market showed slight upward momentum on September 11, supported by gains from several altcoins. The global crypto market cap rose 0.19% to $3.94 trillion, while trading volume jumped 4.16% to $161.78 billion, according to CoinMarketCap data.
Bitcoin being the top crypto by market cap, traded at $113,823, up 0.23% in the last 24 hours, with a trading volume of $50.51 billion. Ethereum, which follows Bitcoin in market cap, had a 1.10% gain, reaching $4,413.25 alongside a trading volume of $42.91 billion.
Among the standout performers, Mantle (MNT) jumped 9.94% to reach $1.62, with $740.7 million in trading activity. Bittensor (TAO) wasn’t far behind; it increased by 4.92%, to trade at $357.38 as of writing.
Following the other tokens was Sky (SKY) which climbed 2.97% to $0.07411, and then Dogecoin (DOGE) followed with a 2.57% increase. DOGE traded at $0.2487, with a trading volume of $3.73 billion.
Pendle (PENDLE) also made an impression, rising 2.37% to $4.97 on a $113 million trading volume.
Four (FORM) had a rough day, plunging 15.73% to $2.56, making it the biggest loser among top tokens. Worldcoin (WLD) also slipped by 10.86%, dropping to $1.67 as its trading volume approached $1 billion.
Pyth Network (PYTH) fell 7.50% to $0.1706, while XDC Network (XDC) declined 7.28% to $0.0737. MYX Finance (MYX) was the 5th in terms of losing, with a loss of 6.09% to trade at $16.25.
According to CoinMarketCap data, the Altcoin Season Index rose to 67 out of 100, showing altcoins performing better than Bitcoin. At the same time, the Fear and Greed Index was neutral at 47, an indication of a balanced mood in the market.
Furthermore, Bitcoin continues to dominate the market with 57.4%, followed by Ethereum at 13.5%. 29.1% of the market is made up of the remaining altcoins.
As per the latest update, crypto ETFs experienced an inflow of $905.9 million on September 10. Also, Perpetual contracts reached $962.88 billion in open interest, a notable activity in the derivatives markets.
Mantle and Dogecoin show increased investor preference for cryptocurrencies other than Bitcoin. ETF inflows and strong volumes of trading signal investor confidence in the near-term outlook of the market.
