The crypto costs at present have moved in the direction of the south, draining out positive aspects from the broader market on Friday, November 3, 2023. Although there isn’t a obvious information for the current market hunch, it seems that traders are staying on the sideline after a strong rally over the previous few weeks.
Historically, it’s seen that the market members usually take a break after a seamless rally available in the market. The current downturn momentum additionally suggests the same situation within the cryptocurrency market. However, it is very important be aware that historic efficiency doesn’t at all times assure the long run efficiency of the market.
Meanwhile, in crypto costs, the Bitcoin price was down 2.50% to $34,660.72 throughout writing, with its quantity declining 19.91% to $19.79 billion. In addition, the market cap of the crypto fell 2.46% to $676.77 billion on the similar time.
In different cryptos, the Ethereum price dropped by 3.21% to $1,797 as of writing at present, with its quantity slipping 22.74% to $8.70 billion over the previous 24 hours. Simultaneously, the XRP price famous declines of 1.69% to $0.5998, and its buying and selling quantity from yesterday fell 4.45% to $1.8 billion. Notably, the Solana price, which was among the many prime gainers listing this week, drifted 8.90% to $38.70, with its quantity dropping 30% to $2.63 billion.
The image within the meme coin phase was additionally considerably the identical, with the vast majority of the cryptos dropping their worth. The Dogecoin price witnessed a hunch of three.10% to $0.06726 throughout writing, whereas its quantity over the previous 24 hours rose 1.81% to $491.48 million. On the opposite hand, the Shiba Inu price dropped by 3.53% to $0.00000775 as of writing on Friday, and its one-day buying and selling quantity declined 6.45% to $154.44 million.
The losses in a lot of the main crypto costs at present have dragged down the broader crypto market. As of writing, the worldwide crypto market cap dropped by 2.61% to $1.28 trillion, and its quantity from yesterday fell 15.88% to $48.45 billion. Notably, the sentiment was within the “greed” zone within the crypto market, as urged by a studying of 72 within the worry and greed index.
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The Top 4 Crypto Prices For Today Are
Pepe Coin Slips 11%
The widespread meme coin, Pepe Coin price was down 10.58% and traded at $0.000001056, reflecting the bearish development within the broader market at present. However, the meme coin has garnered important consideration over the previous few classes, with its strong positive aspects, as seen by a surge of over 42% in its worth during the last 30 days. Notably, its one-day buying and selling quantity was down 11.36% to $140.43 million throughout writing.
Trust Wallet Token (TWT) Gains 7%
The Trust Wallet Token price was up 6.99% and traded at $1.16 throughout writing on Friday, November 3, whereas its quantity over the previous 24 hours skyrocketed 234.69% to $80.79 million. Although there isn’t a obvious information for its current surge, the crypto has proven resilience amid a bearish sentiment within the broader market, being one of many prime share gainers in at present’s session.
Cronos (CRO) Gains 6%
Another prime share gainer on November 3, the Cronos price added 6.50% within the early buying and selling session to commerce at $0.06666, whereas its quantity over the previous 24 hours skyrocketed 165.18% to $19.90 million. Simultaneously, the market cap of the crypto jumped 6.53% to $1.68 billion throughout writing.
PancakeSwap (CAKE) Adds 5%
The PancakeSwap price additionally moved in the direction of the north and added 5.41% to commerce at $1.50 on Friday, November 3. Its buying and selling quantity has rocketed 291.73% to $224.27 million during the last 24 hours, whereas its market cap famous positive aspects of 5.21% to $340.21 million. Notably, the crypto’s worth soared over 24% during the last seven days.
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The introduced content material could embrace the non-public opinion of the creator and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The creator or the publication doesn’t maintain any accountability in your private monetary loss.
