The crypto prices today rebound with anticipation for upcoming FOMC minutes, driving investor enthusiasm in the market.
Investors are regaining confidence in the cryptocurrency market, and prices are moving upwards today. This is due in part to optimism and speculation over the approval of a Bitcoin Spot ETF. However, the market reversed its bullish course last week, and traders are staying cautious. The SEC is delaying its decision on all ETFs in the US, which is raising concerns in the market. Investors will be closely watching the FOMC minutes that are scheduled to be released on Tuesday, November 21.
The Bitcoin price was up 1.77% to $37,157.93 during writing, with its trading volume soaring 20.11% to $14 billion. The Ethereum price noted gains of 2.45% and traded at $2,002.57, while its trading volume over the last 24 hours fell 5.46% to $7.73 billion. The XRP price surged 2.69% to $0.6239, with its one-day trading volume rising 21.75% to $1 billion.
The Solana price rose 3.38% to $59.98 during writing, while the Cardano price added 2.13% to $0.3832. The trading volume of the former crypto was up 11.47% to $2.04 billion, while the latter’s one-day trading volume plunged 21.86% to $282.61 million.
The Dogecoin price increased by 2.32% to $0.08025, while its volume slumped 55.99% to $541.48 million. Additionally, the Shiba Inu price rose 2.13% to $0.000008632, and its volume fell 28.54% to $107.61 million.
The recent surge in most of the major crypto prices today has helped gains in the broader market. The global crypto market cap soared 1.79% from yesterday to $1.41 trillion, and the total crypto market volume plummeted 1.12% to $39.87 billion. Notably, the fear and greed index in the crypto market stood at 74, suggesting a hovering greed sentiment among investors.
The Top 4 Cryptos For Today.
Meme Coin Pepe Coin Rallies 9%, Synthetix Soars 21%, NEAR Protocol Jumps 14%, Arweave Gains 12%.
The cryptocurrency market witnessed a positive surge on Monday, with several tokens experiencing notable gains.
- Pepe Coin, the meme-inspired cryptocurrency, led the charge with a 9% increase, trading at $0.000001229. Its trading volume over the last 24 hours soared 78.83% to $92.87 million, indicating growing investor interest.
2. Synthetix (SNX), a decentralized finance (DeFi) platform, also enjoyed a significant price hike, jumping 21.14% to $3.56. The recent gains propelled SNX into the ranks of today’s top percentage gainers. Its trading volume also surged 106.89% to $151.83 million, further highlighting the increased interest in the project.
3. NEAR Protocol (NEAR), a blockchain platform focused on scalability, also experienced a notable rally, gaining 14.26% to trade at $2.03. Its trading volume from yesterday rose 60.88% to $289.68 million, reflecting the growing traction of the NEAR ecosystem.
4. Arweave (AR), a decentralized storage protocol, rounded out the list of impressive gainers, climbing 12.03% to trade at $8.95. Its trading volume over the last 24 hours skyrocketed 110.89% to $51.96 million, suggesting that the broader market’s positive sentiment has positively impacted AR’s performance.
Overall, the cryptocurrency market exhibited a positive trend on Monday, with several tokens experiencing notable gains. Pepe Coin, Synthetix, NEAR Protocol, and Arweave were among the top performers, showcasing the growing interest in these projects and the broader crypto space.
