November 17 Crypto Prices Severely Affected by Downtrend, Heading South

Crypto News – Due to the apparent sell-off by investors in the major cryptocurrencies, today’s crypto prices were negative.

November 17 Crypto Prices Severely Affected by Downtrend, Heading South

On November 16, when word spread that BlackRock had formally submitted an Ethereum ETF application to the SEC, the market began to drop. Despite the expectation that the news would support market gains, things were a little different after it was released. The way the prices of the cryptos have performed suggests that investors may have anticipated a market correction, which led to a sell-off in the digital asset market.

On the other hand, the overall market volume of cryptocurrencies was up 1.28% to $70.82 billion as of writing, but their total market cap was down 2.53% to $1.39 trillion. With a fear and greed index of 71, the market was perceived as being quite greedy.

Pepe Coin Price and Volume Follow the Downward Trend of the Market

The price of Pepe Coin, a well-known meme coin, dropped by 1.28% to trade at $0.000001156 as of this writing on Friday, mirroring the overall market’s downward trajectory. Furthermore, during writing, the meme coin’s trading volume fell 40.77% to $103.89 million.

yearn.finance Challenges the Market with Price Rise

Among the top percentage gainers on November 17, the yearn.finance cryptocurrency demonstrated endurance to the present unfavorable trend in the market. While its trading volume surged 11.72% to $380.91 million, the yearn.finance price was up 7.79% over the previous day and was trading at $14,977.73 at the time of writing.

Kaspa Cryptocurrency Soared in Early Hours but is Currently Falling

The price spike in the last several days indicates that the Kaspa cryptocurrency is heading north. On Friday, however, the price of Kaspa fell 8.37% and closed at $0.1221, while its volume decreased 4.89% to $213.54 million in the previous day. On the other hand, in the last 30 days, the cryptocurrency’s price has increased by around 190%.

Mantle Crypto Rises Despite Decline

On November 17, the Mantle cryptocurrency outperformed the rest of the market in terms of percentage gain. As of this writing, the Mantle price was up 5.94% at $0.5039, and its trading volume for the previous day had increased by 40.61% to $137.76 million. As of right now, the cryptocurrency has gained almost 55% over the previous 30 days.