October 17 Crypto Prices: Is the Industry Declining or Rising?

Crypto News – The increase in cryptocurrency prices during today’s session shows that the crypto market has attracted the attention of market participants.

October 17 Crypto Prices: Is the Industry Declining or Rising?

Last week, the cryptocurrency market experienced bumpy trading as investors fled the market because of worries about the Israel war. In addition, the economic data indicated that even though inflation slowed down in September, it was still higher than the Fed’s target inflation rate of 2%.

The investors, however, appear to have dismissed the previous worries as they invested in riskier assets once more this week. The market has been in positive territory, indicating a rise in market participants’ confidence. Notably, the fear and greed index for the crypto market was at 47, indicating a neutral market situation.

Gains in the larger market on October 17 have been boosted by the upward trend in the majority of the main cryptocurrencies. At the time this article was written, the market value of global cryptocurrencies was up 0.75% to $1.09 trillion, while the volume during the previous 24 hours had increased by 134.29% to $58.39 billion.

Pepe Coin Price Movements

Despite a bullish trend in the larger market, the price of the Pepe coin fell by 3.35% on Tuesday and was trading at $0.0000006698. They did, however, move in the direction of the north earlier in the session today, and the price changes indicated that the price of the cryptocurrency was quite volatile.

Bitcoin SV (BSV) Price Movements

Adding more than 10% to its price, the Bitcoin SV was one of the biggest gainers on October 17. As of the time of writing, the price of Bitcoin SV increased by 0.03% to $37.95, while the total volume traded during the previous day soared by 799.08% to $212.28 million.

Render (RNDR) Price Movements

Adding around 7% to its price on Tuesday, the Render cryptocurrency was another significant mover today. At the same time, the Render price increased by 0.49% to $1.88, while its volume increased by 313.63% from the previous day to $58,96 million.

IOTA (IOTA) Price Movements

IOTA’s volume climbed 924.53% to $42.46 million on October 17, while its price increased by 2.44% to $0.1501. A recent development highlighted the IOTA Foundation’s critical role in technological innovation, as it was disclosed yesterday that the foundation would represent the UAE startup scene at the CEATEC conference in Chiba, Japan.