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Fluctuations in cryptocurrencies continue at the beginning of the week. This situation can be interpreted as an indication that investors are still persistent in investing in crypto assets. The recent positive price movements are attributed to rumors about the approval of Bitcoin Spot ETF and the Federal Reserve pausing interest rate hikes. In addition, the fear and greed index remains at a high level of 73.
Current Situation in the Cryptocurrency Market
As of November 6th morning, the price of Bitcoin experienced a 0.92% decrease in the last 24 hours and traded at $34,915.77, while the trading volume increased by 21.36% and reached $12.36 billion. Additionally, the total market cap of BTC decreased to $682.16 billion.
The leading altcoin, Ethereum, also experienced a 0.12% decline and was trading at $1,881.74 at the time of writing. Despite the price decrease, the trading volume increased by 56.87% to $8.51 billion.
XRP, which has been a favorite among investors for years, saw the highest gain among coins on November 6th and traded at $0.681 with an 8.92% increase. Solana, which was one of the prominent coins of the previous week, experienced a 4.16% decrease and reached $40.38. Cardano (ADA), which is in the spotlight with its management team, also saw a 3.10% increase and reached $0.3441.
Meme coins, which investors have been expecting significant increases in, also experienced small but positive movements, unlike Bitcoin. Dogecoin was trading at $0.07136 with a 2.20% increase, and its volume surged by 119.52% to $490.55 million. Shiba Inu, its biggest rival, saw a 1.19% increase and was trading at $0.000008113.
Notable 4 Altcoins
Pepe Coin, which drew attention among meme coins last week, saw a 0.75% increase and traded at $0.000001141, with its volume increasing by 31.16% to $113.85 million.
Neo also experienced an upward movement and became one of the top gaining altcoins on Monday. At the time of writing, Neo surged by 20.99% to $13.72, with its volume increasing by an incredible 228.81% to $594.87 million.
KuCoin Token, a exchange token, started the morning of November 6th with a 12.76% increase and was trading at $5.34 at the time of writing. Another exchange token, OKB, recorded a 10.71% increase on Monday and was trading at $52.36 at the time of writing.
