The crypto prices today also witnessed an upward momentum, continuing gains from the previous sessions, suggesting that investors are still putting their bets on the digital assets’ space. The market has been in positive territory throughout the week, indicating an increasing confidence of global investors in the crypto segment.
In addition, Fed Chair Jerome Powell’s hawkish comment also failed to dampen the market sentiment this week. Powell hinted that the central bank might consider another rate hike as soon as in March to bring down the inflation within their 2% target range.
Talking about the crypto prices, Bitcoin price witnessed gains of 0.75% to trade at $37,054.61 during writing, with its trading volume declining 36.04% to $22.35 billion. Notably, the largest crypto by market cap has added nearly 7% over the last seven days.
However, some of the other cryptos also noted declines on Saturday, November 11. For instance, the Ethereum price was down 3.79% to $2,047.55, with its volume tumbling 43.96% to $14.26 billion over the last 24 hours. The BNB price slumped 3.37% to $247.80 and its volume fell 28.35% to $842.85 million.
Simultaneously, the XRP price has continued to decline from the previous session and fell 2.45% to $0.6486 during writing on Saturday. Its one-day volume was down 39.29% to $2 billion. On the other hand, the Solana price added 15.42% to $54.61 during writing, and its trading volume from yesterday soared 39.66% to $4.07 billion.
The performance of some popular meme coins also suggested an increasing interest from the market participants. The Dogecoin price noted gains of 2.70% to $0.07601 as of writing, with its trading volume declining 21.16% to $766.60 million. In addition, the Shiba Inu price added 6.49% to $0.000008962 during writing, and its trading volume jumped 4.06% to $305.1 million.
Meanwhile, the notable surge in major cryptocurrencies has sparked a significant upturn across the entire crypto market. The global crypto market cap has seen an increase of 0.20%, reaching $1.4 trillion. The market fear and greed index has hit 78, signifying a prevailing “greed” sentiment among investors.
However, within the last 24 hours, the total market volume of the crypto market has experienced declines, falling by 26.96% and now standing at $69.62 billion.
Despite a positive momentum in most of the major cryptos on Saturday, the Pepe coin has failed to stay in the positive territory. As of writing, the Pepe coin price was down 3.64% and traded at $0.00000127, while its trading volume plummeted 53.91% to $182.62 million. However, the meme coin has added over 17% over the last seven days.
FTX Token (FTT) Adds 35%
The FTX Token price soared 34.41% on Saturday to trade at $4.02, making it one of the top percentage gainers among the major cryptos in today’s session. In addition, the trading volume of the crypto has rocketed 100% to $841.06 million during writing. Meanwhile, the recent surge in the crypto price could be due to news of a possible restart of the exchange.
Celestia (TIA) Jumps 35%
The Celestia crypto was another top percentage gainer on November 11, suggesting that the investors are putting their bets on the crypto. The Celestia price was up 35.26% to $3.61 as of writing, while its volume over the last 24 hours rocketed 152.87% to $454.57 million.
Cronos (CRO) Soars 22%
The Cronos price was up 22.29% to $0.1031 during writing, with its volume jumping 295.43% over the last 24 hours to $89.46 million. Notably, the crypto has added nearly 56% over the last seven days, and over 110% over the last 30 days in its price.