Crypto News– Crypto prices showed mixed movements during the early trading session on Tuesday, November 7, as numerous major cryptocurrencies experienced price fluctuations. Nevertheless, the broader market displayed resilience in the face of Bitcoin’s decline, hinting at a potential shift in investor focus toward alternative coins.
Bitcoin Drops in Crypto Market, Pepe Coin Faces Decline, BLUR’s Ascension Continues
Bitcoin, the largest cryptocurrency by market capitalization, has been a significant point of interest for investors, particularly due to speculations surrounding the approval of a Bitcoin Spot ETF. Positive regulatory developments, such as Ripple partnering with the National Bank of Georgia as the official technology partner for Digital Lari, have also bolstered investor confidence.
In terms of crypto prices, Bitcoin dipped by 0.12% over the past 24 hours, reaching $34,867.49 at the time of writing. Its trading volume over the last 24 hours increased by 2.80% to $12.71 billion, while the crypto’s market capitalization fell by 0.08% to $681.30 billion from the previous day.
Among other cryptocurrencies, Ethereum’s price saw a 0.40% increase to $1,889.72, with a 1.31% decrease in volume from the previous day, which stood at $8.42 billion. Simultaneously, Binance Coin (BNB) surged by 3.42%, trading at $251.41 during writing, and its trading volume soared by 37.90% to $548.01 million.
The recent surge in BNB’s price enabled it to reclaim the fourth position in terms of market capitalization among the top cryptocurrencies, following XRP’s temporary overtake on Monday.
XRP also observed gains of 0.48%, trading at $0.6843 at the time of writing. Its trading volume from the previous day surged by 48.17% to $3.37 billion, and its market capitalization increased by 0.29% to $36.66 billion. Additionally, Cardano’s price experienced a notable 3.64% surge to reach $0.3559, with a one-day trading volume increase of 34.83% to $435.96 million.
The meme coin segment displayed positive sentiment, evident in the price surges of certain cryptocurrencies. For instance, Dogecoin’s price gained 4.24% and traded at $0.07435, while Shiba Inu’s price jumped 2.18% to $0.000008287. Trading volume for Dogecoin rose by 58.25% to $776.13 million from the previous day, while Shiba Inu’s trading volume increased by 6.73% to $207.35 million.
On November 7, the cryptocurrency market saw an upswing primarily driven by gains in major cryptocurrencies. The global cryptocurrency market capitalization increased by 0.26% since the previous day, reaching $1.33 trillion. Trading volume over the past 24 hours surged by 6.45% to $40.46 billion. Notably, market sentiment appeared optimistic, with the crypto market’s fear and greed index registering a reading of 73, indicating a state of greed among investors.
Pepe Coin Soars 1%
On Tuesday, the well-known meme cryptocurrency, Pepe Coin, continued its impressive surge, marking a 1.49% gain and trading at $0.000001157 at the time of writing. Simultaneously, the trading volume of the cryptocurrency saw a substantial 8.95% increase over the past 24 hours, reaching $123.56 million. Furthermore, the market capitalization of Pepe Coin rose by 1.71%, now standing at $482.14 million.
Blur Crypto (BLUR) Soars 18%
On Tuesday, November 7, the Blur cryptocurrency stood out as one of the top performers in terms of percentage gains, underscoring a mounting interest among investors in this digital asset. The Blur price surged by an impressive 18.27% to reach $0.3568 at the time of writing, while its trading volume experienced a remarkable spike of 353.22%, reaching $377.12 million.
Aave (AAVE) Jumps 15%
On Tuesday, the price of Aave experienced a substantial gain of 15.20%, reaching $102.08 at the time of writing. Notably, its trading volume over the past 24 hours surged by an impressive 151.66%, amounting to $316.22 million. Furthermore, the market capitalization of Aave also saw a substantial increase, jumping by 15.51% to reach $1.49 billion concurrently.
GRT Crypto Adds 7%
On November 7, The Graph cryptocurrency stood out as one of the top performers in terms of percentage gains, reflecting a growing interest among investors in alternative coins. The price of The Graph surged by 7.12% and was trading at $0.1403 at the time of writing. Furthermore, its trading volume experienced a significant increase of 127.12%, reaching $305.71 million. In addition, The Graph’s market capitalization saw a notable surge of 6.34%, now standing at $1.29 billion.
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