Cryptocurrencies are continuing their negative trend today. Last week was an eventful week for the global financial market, revealing a decrease in the current US inflation level.
Despite the relatively low inflation, the positive sentiment among investors did not put an end to cautious behavior. Additionally, after BlackRock’s application for a Spot Ethereum ETF to the SEC, a decline in the market was observed.
Current Situation of Bitcoin and Altcoins
At the time of writing, the price of Bitcoin was trading at $36,427, with a 0.54% decrease. The 24-hour trading volume also decreased by 18.94% to $20.76 billion.
The recent drop in Bitcoin price caused a significant loss in the gains made during the previous period. However, there has still been an increase of approximately 28% in the last 30 days.
The price of Ethereum, the king of altcoins, did not move independently of the overall market decline and was trading at $1,945.61 at the time of writing, with a 1.97% decrease. The price of XRP also decreased by 2.32% to $0.6062.
Solana, which led the rise for days, continued to decline. The price dropped by 2.30% to $57.34. Cardano, another significant participant in the market, decreased by 3.25% to $0.3624.
If we look at the top 3 memecoins in the market, it can be noted that 2 of them recorded gains on November 18. Dogecoin, at the top of the list, continued its price movement from yesterday and rose by 4.38% to $0.08507. Its trading volume also increased by 16.3% to $2.01 billion during the same period.
The closest follower, Shiba Inu, increased by 1.37% to $0.000008735 at the time of writing. Finally, Pepe Coin experienced a price drop. The 3.42% decrease caused the price to drop to $0.000001131.
Top Altcoins of the Day
Celestia (TIA) took the lead among the top gainers of the day and continues to rise, challenging its strong competitors. This rise has also caught the attention of investors, as indicated by the recent increase in its price. The price of Celestia was $6.84 at the time of writing, with a 10.76% increase.
Mantle coin, another altcoin that defied the market decline on Saturday, saw a 2.91% increase and was trading at $0.5212. Another notable aspect of Mantle is its price increase of over 65% in the last 30 days.
Finally, KuCoin Token, the leading token of the exchange, experienced a 2.86% increase on Saturday and was trading at $6.31.
