Crypto News – Today’s increase in cryptocurrency prices, which followed earlier sessions’ advances, indicates that investors are still placing bets on the sector for digital assets.
November 11 Crypto Prices Rise Unstoppably
This week’s aggressive remarks from Fed Chair Jerome Powell did not depress market sentiment. Powell made a suggestion that, in order to keep inflation within their 2% target range, the central bank should take into account raising interest rates once more as early as March.
On the other hand, the cryptocurrency market has experienced a noteworthy upswing. At $1.41 trillion, the value of the global cryptocurrency market cap has increased by 0.81%. Investor “greed” is prevalent, as indicated by the market fear and greed index, which has reached 78. The total market volume of the cryptocurrency market, however, has decreased during the past day, dropping by 28.27% to reach $68.16 billion currently.
Pepe Coin Price Drops 1.34%
The Pepe coin failed to maintain its favorable trend on Saturday, even though most of the major cryptocurrencies had strong momentum. The Pepe coin’s trading volume fell 51.84% to $182.11 million as of this writing, while its price was down 1.34% at $0.000001288. But in the last seven days, the meme coin has increased by more than 12.83%.
FTX Token Price hit $5 Today
One of the biggest percentage gainers among the main cryptocurrencies in today’s session is the FTX Token, whose price surged 53.71% on Saturday to trade at $4.25. Moreover, FTT rose as high as $5.33 earlier today. During the authoring of this article, the cryptocurrency’s trading volume surged by 109.29% to $844.10 million. Meanwhile, rumors of an exchange relaunch may have contributed to the current spike in cryptocurrency prices.
Celestia Price Increased by More Than 35% in the Last 24 Hours
Another top percentage gainer on November 11 was the Celestia cryptocurrency, indicating that investors are placing their bets in this space. As of writing, Celestia’s price had increased by 37.95% to $3.38, while its volume had surged by 187.35% to $520.58 million in the previous day. This increase in volume pushed it to 21st place in the CoinMarketCap volume rankings.
Cronos Price Increased by More Than 50% in the Last 7 Days
At the time of writing, Cronos’ price was up 26.15% to $0.1027, while its volume had increased by 351.22% to $100.14 million in the previous day. Moreover, the price of the cryptocurrency has increased by over 110% over the last 30 days and by around 52.66% during the last seven days.