Crypto News – After recent days of erratic trading, cryptocurrency prices were rising today as investors exercised caution in light of the state of the economy and other pertinent considerations.
December 1 Crypto Prices Show Upward Movement in the Sector
As seen by the recent spike in cryptocurrency prices, market players’ confidence appears to have been bolstered at the beginning of December. As a result of the recent U.S. PCE inflation data, which is a crucial indicator of inflation, cooling to 3% in October, the market appears to have recovered confidence.
As the industry is currently experiencing an upswing, the increase in cryptocurrency prices has contributed to gains in the market as a whole. At the time of writing, the market volume dropped by 6.79% to $45.4 billion, but the worldwide cryptocurrency market value increased by 1.51% to $1.44 trillion. With a fear and greed index for the cryptocurrency market of 70, it appears that the market is primarily positive due to greed.
Pepe Coin Price Rises Today Despite 7-Day Decline
As of writing on December 1, the price of Pepe Coin was up 2.81% to $0.000001096. At the same time, its trading volume dropped 8.23% to $41.78 million over the previous day. Moreover, erratic trading throughout the week, the meme coin’s price saw a decline of more than 0.33% over the previous seven days, despite its recent advances.
Celestia’s Price and Volume Increased Massively
As a reflection of the optimistic enthusiasm observed in the larger crypto market, Celestia was one of the top movers in today’s session. As of this writing, Celestia’s price had increased 13.51% to $6.95, and its trading volume had increased 50.76% to $185.60 million in the last 24 hours.
Render Price Among the Highest Increases
Another big riser on Friday, December 1, was the Render cryptocurrency, which at the time of writing was trading at $3.54, up 6.22% from yesterday. At the same time, the cryptocurrency’s volume increased by 25.12% to $107.63 million, indicating that investors’ interest in the asset is growing.
SEI Price Continues to Increase
December 1 saw a rise in the SEI price of 8.35% to $0.2475, but its trading volume decreased by 24.31% to $323.41 million on the previous day. A rise of more than 136% over the previous 30 days has been observed in the cryptocurrency’s price, which has gained more than 5.92% in the last seven days.
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