Crypto News– The cryptocurrency market appears to have lost its recent positive momentum, signaling increased volatility in the near future. Although investors displayed renewed confidence last week, pushing most major cryptocurrencies into the green, the fear and greed index remained at 45 on Monday, October 9, indicating a neutral sentiment in the market.
9 October Crypto Prices Today: Bitcoin Declines, Pepe Coin and BNT Buck the Trend with Price Increases
Investors are proceeding with caution in anticipation of a crucial week, as significant macroeconomic data is scheduled for release in the United States. The Consumer Price Index (CPI) and Producer Price Index (PPI) for September are set to be disclosed. Additionally, the Federal Reserve plans to release the minutes from its September meeting, and several Federal Reserve officials are scheduled to deliver speeches.
Among the major cryptocurrencies, Bitcoin’s price was down 0.23% to $27,941.98 as of Monday, with its trading volume surging by 18.13% to $7.76 billion. Over the past 30 days, Bitcoin has shown strong gains, rising by over 8%, indicating that investor confidence in BTC is on the rise.
On the other hand, Ethereum’s price saw a 0.05% dip to $1,635.16 on October 9, while its trading volume in the last 24 hours increased by 30.73% to $3.36 billion. Ethereum’s market capitalization also dropped by a similar percentage as its price, down to $196.64 billion.
Similarly, XRP’s price declined by 0.62% to $0.5192, accompanied by a 28.40% increase in trading volume to $407.90 million. Solana’s price experienced nearly a 1% drop, falling to $23.29.
In the meme coin segment, Dogecoin’s price slipped 0.87% to $0.06097, with its trading volume remaining stable at $91.97 million over the last 24 hours. Meanwhile, Shiba Inu’s price dropped by 0.81% to $0.000007205, with a 14.88% increase in trading volume to $56.97 million.
The decline in the prices of most major cryptocurrencies weighed on the overall market performance on Monday. As of the latest data, the global cryptocurrency market cap was down 0.35% to $1.09 trillion, with a 16.58% increase in trading volume to $18.18 billion. Bitcoin dominance stood at 49.93%, indicating a slight decrease of 0.01% from the previous day.
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