October 18 Crypto Prices: BTC Rises as Pepe Coin and SUI Drop

Crypto News- October 18 Crypto Prices: The cryptocurrency market exhibited a bullish trajectory, reflecting renewed investor enthusiasm for risk. Following a turbulent week, several major cryptocurrencies contributed to the market’s positive performance. The Crypto Market Fear & Greed Index held steady at 47, suggesting a neutral sentiment in the market.

October 18 Crypto Prices: BTC Rises as Pepe Coin and SUI Drop

Here’s an overview of cryptocurrency prices and recent fluctuations:

Bitcoin (BTC): Bitcoin’s price increased by 1.01%, reaching $28,495.60 on that day. However, the 24-hour trading volume dropped significantly by 51.93% to $13.75 billion. Over the past week, Bitcoin had gained approximately 5.10%.

Ethereum (ETH): Ethereum price, the second-largest cryptocurrency by market capitalization, experienced a 1.25% decline, trading at $1,568.64. Its 24-hour trading volume also decreased by 47.63% to $4.75 billion.

XRP: XRP’s price declined by 0.42% to $0.4901, accompanied by a 24-hour trading volume decrease of 31.93% to $752.28 million. XRP’s market capitalization also slipped by 0.44% to $26.19 billion.

Solana: Solana recorded a modest gain of 0.39% on that day, trading at $23.99. Recent price gains had propelled Solana approximately 8% higher over the past week.

The global cryptocurrency market capitalization increased by 0.29% to reach $1.09 trillion on October 18, with a 24-hour trading volume decrease of 27.87% to $44.97 billion. Bitcoin’s dominance also experienced a slight uptick, reaching 51.12%.

The top four cryptocurrencies for the day were as follows:

Pepe Coin: Pepe Coin’s price declined by 5.94% on that day, trading at 0.000000634. The cryptocurrency’s market capitalization was down 5.92% to $248.56 million, and its trading volume fell by 33.39% to $45.97 million.

Toncoin (TON): Toncoin’s price surged by 9.21% to $2.13, accompanied by a remarkable 156.84% surge in trading volume over the last 24 hours, reaching $35.33 million. Its market capitalization also experienced significant growth, surging by 9.85% to $7.34 billion.

OKB: OKB witnessed a 4.48% gain in price, trading at $45.80, making it one of the top-performing cryptocurrencies for the day. Its market capitalization rose by 4.79% to $2.75 billion, and its 24-hour trading volume saw a substantial increase of 182.81% to $17.10 million.

Sui (SUI) Crypto: Sui’s price dropped by 8.61% to $0.38, making it one of the day’s top losers. The cryptocurrency’s market capitalization also declined by 8.59% to $322.88 million. This loss was attributed to an investigation by the Financial Supervisory Service (FSS) regarding Sui Coin’s alleged dissemination of false information about its circulation volume and staking profits.

A Democratic Party lawmaker, Min Byung-deok, criticized the Joint Council of Digital Asset Exchanges (DAXA) for its failure to take action against Sui Coin, which had misled stakeholders regarding its circulating supply.