Crypto News – Significant rises were seen in cryptocurrency prices today as investors appeared to be applauding the most recent economic statistics.
November 16 Crypto Prices Observed Strong Bullish Moves
This week’s releases of the U.S. Producer Price Index and Consumer Price Index, two crucial indicators of inflation, have bolstered investor confidence.On Thursday, the market as a whole saw advances supported by the increases in cryptocurrency prices. Notably, on November 16, there was a 7.62% increase in volume to $69.94 billion, bringing the total value of the cryptocurrency market cap up to $1.44 trillion, up 4.75%. With a market fear and greed score of 77, investors appeared to be feeling “greedy” or bullish.
Pepe Coin Price Increased by More Than 80% in the Last 30 Days
The price of the well-known meme coin, Pepe Coin, has increased 7.61% to trade at $0.000001256 as of this writing on Thursday, following the upward trend in the market as a whole. Over the past day, its trading volume increased by 50.67% to $158.31 million. Over the previous 30 days, the cryptocurrency’s price increased by more than 86%.
Render Crypto Hits $3.16 Today
Traders were taking notice of the Render cryptocurrency, which was one of the top percentage gainers in the market today. During writing, the Render price surged 37.92% to $3.16, and its one-day trading volume surged 361.54% to $377.42 million. The transfer of the Render Network to a new network coincides with the cryptocurrency’s recent price increases.
Avalanche Price Hits Double Digits in Just One Day
On November 16, the Avalanche cryptocurrency was again another top percentage gainer in the market. Avalanche’s price surged 27.65% in the past day and was trading at $23.74 at the time of writing. Concurrently, its trading volume surged 91.09% to $1.87 billion. Notably, Avalanche (AVAX) made waves in the cryptocurrency market on Thursday, rising by double digits in a single day on the back of reports that Citi and AvaCloud were collaborating to test the execution of forex trades.
Kaspa at the Top of CoinMarketCap Trend List
While its volume over the 24 hours surged 166.9% to $161.12 million, the Kaspa price recorded gains of 40.98% to trade at $0.1351 during writing on Thursday. A rise of more than 51% in the cryptocurrency’s value over the past seven days indicates that the market is now trending upward. In addition, this extraordinary increase in Kaspa moved it to first place in the CoinMarketCap trend list.