The crypto prices today, Wednesday, November 8, portrayed a positive trend in the market as the global crypto market cap saw a marginal increase of 3.21%, reaching $1.37 trillion. However, there was a mixed sentiment among individual cryptocurrencies in the market. It appears that investors and traders are being cautious with their trading as they await the release of major economic data from the United States scheduled for next week.
The U.S. government is setting its sights on releasing the primary Consumer Price Index (CPI) and Producer Price Index (PPI) data next week, offering further insights into the current inflation situation. Should the inflation rate exceed market expectations, it might provide the Federal Reserve with an opportunity to pursue a more aggressive approach to its interest rate hike plans.
Nevertheless, within the realm of crypto, the Bitcoin price witnessed a 3.89% increase in value over the past 24 hours, reaching a trading price of $$36,716.44. Furthermore, its trading volume surged by 21.99% to reach $22.86 billion during the same time frame. The crypto market capitalization also saw a 4.26% rise, reaching $717.61 billion compared to the previous day.
Furthermore, Ethereum price displayed an uptrend, recording a 2.09% increase and now trading at $1,922.74. This surge was jacked up by a marginal 4.17% increase in its one-day trading volume, which reached $8.68 billion. Meanwhile, the XRP price also exhibited a 1.57%% increase, reaching a price of $0.6929, although its 24-hour trading volume decreased by 17.92% to $1.86 billion. However, over the past seven days, the XRP price rallied by a whopping 14.37%.
Simultaneously, the BNB price witnessed a marginal surge of 1.78% over the past twenty-four hours, reaching $248.98 as of today, November 9. Although its trading volume witnessed a substantial decrease of 19.66%, reaching 420.67 million.
The Top 3 Crypto For Today
MINA Token Surges
As of writing, one of the top gainers for today was the MINA token, witnessing a price surge of 22.59% over the past twenty-four hours, reaching $0.7455. Moreover, the trading volume saw a substantial increase of a whopping 591%, reaching over 226 million. The aforestated price surge seems to come in alignment with the recent announcement made by the Mina community to go through a major upgrade as it marked the end of Epoch 1.
Pepe Coin Finds Ground
The Pepe Coin witnessed a price rally as it was up by 13.40% over the past twenty-four hours, reaching $0.000001314 as of today. The market cap saw a 13.37% increase, presently reaching 548.05 million as of writing. Additionally, the trading volume also witnessed a surge of 38.35%, reaching 162.14 million. The price surge in the PEPE token seems to come in alignment with the market sentiment revolving around the token.
GALA Upswings
The GALA token soared by a whopping 12.60%, reaching $0.02361 as of writing. The Twenty-four-hour trading volume saw a whopping increase of 150.47%, reaching over $223 million, while the market cap also increased by 12.52%, reaching $605.68 million. The price surge of the GALA token seems to come due to its limited token supply and hyperactive community.
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.
Source: https://coingape.com/crypto-prices-today-market-upswings-as-btc-pepe-and-xrp-rally/
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