Crypto Prices Retreat Amid Lack of Positive Catalysts and Regulatory Concerns; Pepe Coin, Terra Classic, Axie Infinity, and Oasis Network See Mixed Movements

Crypto Prices Retreat Amid Lack of Positive Catalysts and Regulatory Concerns; Pepe Coin, Terra Classic, Axie Infinity, and Oasis Network See Mixed Movements

Crypto News – Today’s cryptocurrency market exhibited a downward trend, primarily attributed to the lack of significant catalysts to propel further growth. Despite recent weeks showing a bullish trend, investor sentiment has shifted, leading to a cautious approach as of November 27. Contributing to this cautiousness are the ongoing regulatory challenges within the digital asset sphere, which have negatively impacted market sentiment and crypto prices.

Starting the week, Bitcoin experienced a 1.11% decline, falling to $37,297.73, although its 24-hour market volume surged by 71.58% to reach $14.85 billion. Notably, Bitcoin had recently achieved a yearly peak, surpassing the significant $38,000 threshold, indicating previously positive market sentiment.

In tandem, Ethereum‘s value decreased by 1.42%, settling at $2,045.62, while its trading volume rose by 69.82% to $8.6 billion. Similarly, BNB’s price dropped by 1.8% to $228.91, with a 14.59% increase in its 24-hour trading volume, which amounted to $626.66 million.

Other cryptocurrencies also saw declines. XRP fell by 1.61% to $0.6101, with a notable 113.07% increase in trading volume to $1.26 billion. Cardano’s price decreased by 1.7% to $0.3847, with its trading volume up by 12.92% to $242.01 million.

In the meme coin category, Dogecoin’s price remained nearly unchanged at $0.07842 over the last 24 hours, but its trading volume increased by 72.43% to $434.7 million. Conversely, Shiba Inu’s price fell by 1.27% to $0.000008274, with its trading volume rising by 11.44% to $125.43 million.

This overall downturn in major crypto prices has erased gains from the broader market. The global crypto market cap declined by 1.22% to $1.42 trillion, while the market volume experienced a 45.40% increase to $43.07 billion over the last 24 hours. Interestingly, the crypto market fear and greed index stood at 71, indicating a sentiment of greed.

Among the top performers for the day, Pepe Coin saw a 5.79% decrease in price to $0.000001097, with its trading volume declining by 7.49% to $73.97 million, reflecting the broader market’s bearish momentum. Over the past week, Pepe Coin’s value has decreased by nearly 11%.

Contrastingly, Terra Classic (LUNC) emerged as one of the day’s top gainers, increasing by 23.78% to $0.00009547, despite the overall market downturn. This spike in LUNC’s price could be linked to the recent surge in its sister token, TerraClassicUSD (USTC).

Axie Infinity (AXS) also demonstrated resilience amidst the bearish market sentiment, with its price rising by 13.05% to $7.04 and its trading volume skyrocketing by 362.52% to $440.89 million. Notably, AXS has gained nearly 47% in the last 30 days.

Lastly, Oasis Network (ROSE) saw a 5.28% increase in its price to $0.08215, with a 67.03% surge in its trading volume to $63.32 million. Over the past month, ROSE’s price has risen by approximately 64%.