The crypto prices today were in the positive territory on Wednesday, November 8, with the individual cryptos witnessing a mixed sentiment in the market. It seems that the investors are trading cautiously ahead of the major economic U.S. data that are scheduled to be released next week.
The core Consumer Price Index (CPI) and Producer Price Index (PPI) data is scheduled to be released next week by the U.S. government, which might provide more insights into the current inflation. The inflation, if comes at a higher rate than the market anticipation, could give a chance to the Federal Reserve to be aggressive with its rate hike plans.
However, in crypto prices, Bitcoin price was up by 1.32% over the last 24 hours, trading at $35,333.13. In addition, its trading volume increased by 45.66% to $18.51 billion during the same period. The crypto’s market cap saw an increase of 1.32% to $690.25 billion compared to the previous day.
Shifting our focus to the Ethereum price, it has declined by 0.31% to reach $1,882.94, with its trading volume decreasing by 0.28% to $8.39 billion. Simultaneously, the BNB price experienced a 2.47% drop, now trading at $245.22. Notably, the trading volume of BNB also decreased by 4.91% to $521.20 million.
Among other cryptos, the XRP price, however, also saw slight declines of 0.04% and traded at $0.6838. Its trading volume plunged by 32.21% to $2.29 billion, while its market cap increased by 0.05% to $36.66 billion. However, the Solana price added 6.21% to trade at $43.55, with its trading volume jumping 58.04% to $1.69 billion during writing.
In the meme coin segment as well, we witnessed a mixed sentiment as seen in the other parts of the digital asset space today. The Dogecoin price lost 0.42% and traded at $0.07396, and its trading volume fell by 13.88% to $668.37 million. Additionally, the Shiba Inu price plummeted 0.41% to $0.000008217, with a 15.07% decrease in its trading volume, which stood at $176.32 million.
However, the overall cryptocurrency market experienced an upswing on November 8, largely driven by significant gains in major cryptocurrencies. The global market cap for cryptocurrencies increased by 0.74% compared to the previous day, reaching $1.33 trillion. Moreover, trading volume over the past 24 hours surged by 16.33%, totaling $46.98 billion. Notably, market sentiment appeared optimistic, with the crypto market fear and greed index registering a reading of 73, indicating a state of greed among investors.
The Top 4 Cryptos For Today Are
Pepe Coin Adds 1%
The popular meme coin, Pepe coin was in positive territory, despite a slump in the Dogecoin and Shiba Inu prices. Meanwhile, the Pepe Coin price was up 1.19% and traded at $0.000001169 on Wednesday, suggesting a growing interest of the investors towards the crypto. Its trading volume over the past 24 hours fell 4.98% to $117.13 million.
Toncoin (TON) Gains 10%
The Toncoin price witnessed a gain of 10.27% to trade at $2.65 during writing, with its trading volume skyrocketing 200.92% over the past 24 hours to $76.16 million. The recent gains in the crypto’s prices helped it to stay at the top of the percentage gainers on November 8.
Trust Wallet Token (TWT) Soars 10%
The Trust Wallet Token was also among the top percentage movers on Wednesday, suggesting that the investors are putting their bets on the crypto. Meanwhile, the Trust Wallet Token price was up 10.40% and traded at $1.73 during writing, while its trading volume over the past 24 hours fell 52.96% and stood at $215.72 million.
Cronos (CRO) Jumps 7%
The Cronos price was also under the investors’ radar in November, as seen by a surge of 7.16% in its price to $0.07933 during writing. The trading volume of the crypto rocketed 141.90% to $41.90 million over the past 24 hours. Notably, over the past seven days, the crypto’s price added nearly 30% to its price.
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.