Crypto Prices Today: Market Remains Steady As Bitcoin, Pepe Coin, & DYM Advance

Crypto Prices Today: Market Remains Steady As Bitcoin, Pepe Coin, & DYM Advance

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Cryptocurrency prices were in positive territory today but remained close to the bay as investors are evaluating a number of factors before making any bets. For example, uncertainty over the possible timeline for the Federal Reserve to begin cutting policy rates has weighed on cryptocurrency market sentiment.

On the other hand, a series of key data is expected next week that could provide clarity on the possible movement of the United States Federal Reserve. So, considering that the market seems to be showing lesser or lesser movements over the last few days.

By looking at the prices of individual cryptocurrencies, the bitcoin price rose 0.16% to $42,886.82 during the writing of this report, while its trading volume in the last 24 hours fell 4.61% to $17.1 billion. Notably, the flagship cryptocurrency remained stable over the past seven days, while it lost over 2% over the past 30 days.

Among other cryptocurrencies, Ethereum price rose 2.08% during writing and was trading at $2,362.02, with its one-day volume rising 35% to $9.79 billion. He BNB price rose 0.11% to $301.65 at the same time, while the XRP price fell 0.49% to $0.504.

Meanwhile, the solana priceone day after SOL network faced a disruption, it was down 0.26% to $95.38 during the writing of this article. Furthermore, the cardano price It also fell 0.68% to $0.486, and its trading volume increased 12.29% to $305.24 million.

However, the mixed performance of major cryptocurrencies has kept the overall market in the green. At the time of writing, the global crypto market capitalization increased by 0.88% to $1.65 trillion, and its trading volume yesterday fell by 2.89% to $43.23 billion. Notably, the fear and greed index in the cryptocurrency market was at 55, suggesting a neutral sentiment in the market.

Also read: What exactly caused the Solana blackout? Can it happen again?

The main cryptocurrency prices today are

Pepe Coin soars more than 2%

One of the most popular meme coins, the Pepe Coin Price rose 2.12% during writing on February 7 and traded at $0.0000009221, while its trading volume fell 25.14% to $67.04 million. Meanwhile, the cryptocurrency has struggled to maintain positive momentum in recent weeks, as evidenced by its price movements. On a weekly basis, Pepe Coin lost around 6%, while it recorded a monthly drop of around 23%.

pepe coin
Pepe Coin Chart

Dymension (DYM) adds 24%

He Dimension (DYM) Cryptocurrencies were one of the biggest gainers in the cryptocurrency market on Wednesday, suggesting growing investor interest in cryptocurrencies. Meanwhile, Dymension price rose 24.35% during writing and traded at $4.96, with its trading volume skyrocketing 2771514.33% to $402.88 million in the last 24 hours.

DYM Cryptocurrency ChartDYM Cryptocurrency Chart
DYM Cryptocurrency Chart

Woo earns 6%

The WOO cryptocurrency also caught the attention of cryptocurrency market enthusiasts on February 7, as evidenced by its recent price surge. WOO price rose by 5.63% and was exchanged at $0.3538, with its trading volume increasing by 26.97% to $11.37 million. Notably, the crypto has reached a high of $0.3583 in the last 24 hours.

WOO Crypto ChartWOO Crypto Chart
WOO Crypto Chart

Also read: Jack Dorsey-backed decentralized social project Bluesky is open to the public

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A seasoned professional with 3 years in the financial market, Rupam has honed his skills as a meticulous research analyst and insightful journalist. He delights in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor at Coingape, Rupam’s experience goes beyond conventional boundaries. His contributions span breaking news, delving into developments related to artificial intelligence, providing real-time crypto market updates, and presenting interesting economic news. Rupam’s journey is marked by a passion to unravel the complexities of finance and deliver impactful stories that resonate with a diverse audience.

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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