Cryptocurrency prices today also witnessed bullish momentum, continuing gains from the previous sessions, suggesting that investors are still betting on the digital asset space. The market has been in positive territory all week, indicating increasing confidence from global investors in the cryptocurrency segment.
Furthermore, the chairman of the Federal Reserve Jerome Powell's aggressive comment It also failed to curb market sentiment this week. Powell hinted that the central bank could consider another rate hike in March to bring inflation down within its 2% target range.
Speaking of cryptocurrency prices, bitcoin price witnessed gains of 0.75% to trade at $37,054.61 during the writing of this article, and its trading volume decreased by 36.04% to $22.35 billion. Notably, the largest cryptocurrency by market capitalization has added almost 7% in the last seven days.
However, some of the other cryptocurrencies also recorded declines on Saturday, November 11. For example, him Ethereum price fell 3.79% to $2,047.55, and its volume fell 43.96% to $14.26 billion in the last 24 hours. He BNB price fell 3.37% to $247.80 and its volume fell 28.35% to $842.85 million.
Simultaneously, the XRP price has continued to fall since the previous session and fell 2.45% to $0.6486 during writing on Saturday. Its one-day volume was down 39.29% to $2 billion. On the other hand, the solana price It added 15.42% to $54.61 during the writing of this report, and its trading volume since yesterday skyrocketed 39.66% to $4.07 billion.
The performance of some popular meme coins also suggested growing interest from market participants. He Dogecoin Price It posted gains of 2.70% to $0.07601 at the time of writing, and its trading volume decreased by 21.16% to $766.60 million. Furthermore, the Shiba Inu Price added 6.49% to $0.000008962 during writing, and its trading volume increased 4.06% to $305.1 million.
Meanwhile, the notable rise of major cryptocurrencies has sparked a significant rally across the entire cryptocurrency market. The global crypto market capitalization has seen an increase of 0.20%, reaching $1.4 trillion. The market's fear and greed index has reached 78, which means that a feeling of "greed" prevails among investors.
However, in the last 24 hours, the total crypto market volume has seen declines, falling by 26.96% and now standing at $69.62 billion.
Also read: FTX sues ByBit to recover nearly $1 billion in funds
Today's top 4 cryptocurrencies are
Pepe Coin slides 4%
Despite the positive momentum in most major cryptocurrencies on Saturday, the Pepe coin failed to stay in positive territory. At the time of writing, the pepe coin price It fell by 3.64% and was trading at $0.00000127, while its trading volume plummeted by 53.91% to $182.62 million. However, the meme coin has added more than 17% in the last seven days.
FTX Token (FTT) Adds 35%
The price of the FTX token soared 34.41% on Saturday to trade at $4.02, making it one of the highest percentage gainers among major cryptocurrencies in today's session. Furthermore, the cryptocurrency's trading volume has skyrocketed 100% to $841.06 million during the writing of this article. Meanwhile, the recent rise in the price of cryptocurrencies could be due to the news of a possible restart of the exchange.
Celestia (TIA) jumps 35%
He Celestia crypto was another top percentage gainer on Nov. 11, suggesting investors are betting on the crypto. Celestia price rose 35.26% to $3.61 at the time of writing, while its volume in the last 24 hours skyrocketed 152.87% to $454.57 million.
Cronos (CRO) soars 22%
He Chrono price rose 22.29% to $0.1031 during writing, and its volume increased 295.43% in the last 24 hours to $89.46 million. Notably, the cryptocurrency has added almost 56% in the last seven days and more than 110% in the last 30 days in its price.
Also read: Terra Classic (LUNC) Surges 55% in 1 Month: What's Behind the Rally?
The content presented may include the personal opinion of the author and is subject to market conditions. Do your market research before investing in cryptocurrencies. The author or publication assumes no responsibility for your personal financial loss.
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