Cryptocurrencies Continue to Decline as Inflation Drops and Market Events Unfold
Release: 2023/11/18 17:54 Reading: 721
Cryptocurrencies are continuing their negative trend today. Last week was an eventful week for the global financial market, revealing a decrease in the current US inflation level.
Despite the relatively low inflation, the positive sentiment among investors did not put an end to cautious behavior. Additionally, after BlackRock’s application for a Spot Ethereum ETF to the SEC, a decline in the market was observed.
Current Situation of Bitcoin and Altcoins
At the time of writing, the price of Bitcoin was trading at $36,427, with a 0.54% decrease. The 24-hour trading volume also decreased by 18.94% to $20.76 billion.
The recent drop in Bitcoin price caused a significant loss in the gains made during the previous period. However, there has still been an increase of approximately 28% in the last 30 days.
src="/uploads/20231123/1700739688655f3a68e0a62.png">
The price of Ethereum, the king of altcoins, did not move independently of the overall market decline and was trading at $1,945.61 at the time of writing, with a 1.97% decrease. The price of XRP also decreased by 2.32% to $0.6062.
Solana, which led the rise for days, continued to decline. The price dropped by 2.30% to $57.34. Cardano, another significant participant in the market, decreased by 3.25% to $0.3624.
If we look at the top 3 memecoins in the market, it can be noted that 2 of them recorded gains on November 18. Dogecoin, at the top of the list, continued its price movement from yesterday and rose by 4.38% to $0.08507. Its trading volume also increased by 16.3% to $2.01 billion during the same period.
The closest follower, Shiba Inu, increased by 1.37% to $0.000008735 at the time of writing. Finally, Pepe Coin experienced a price drop. The 3.42% decrease caused the price to drop to $0.000001131.
Top Altcoins of the Day
Celestia (TIA) took the lead among the top gainers of the day and continues to rise, challenging its strong competitors. This rise has also caught the attention of investors, as indicated by the recent increase in its price. The price of Celestia was $6.84 at the time of writing, with a 10.76% increase.
Mantle coin, another altcoin that defied the market decline on Saturday, saw a 2.91% increase and was trading at $0.5212. Another notable aspect of Mantle is its price increase of over 65% in the last 30 days.
Finally, KuCoin Token, the leading token of the exchange, experienced a 2.86% increase on Saturday and was trading at $6.31.
Continue Reading: https://en.coin-turk.com/cryptocurrencies-continue-to-decline-as-inflation-drops-and-market-events-unfold/Recent news
More>- DOGE and SOL Lead Crypto’s Bullish Trend With Record Gains 11-25
- PEPE Faces Crucial Resistance Amid Price Stagnation 11-25
- Solana Memecoin Bullish Pepe to Skyrocket 18,000% Before Exchange Listing, As Bonk and SHIB Drop 11-25
- President Donald (PRESDON) Will Explode Over 15,000% Before Exchange Listings, While Shiba Inu and Dogecoin Lag 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin Price Prediction for Today, November 23 – DOGE Technical Analysis 11-24
- Dogecoin (DOGE) Surges 19% as Hash Rate Hits Record High 11-24
- Solana Hits New ATH, As Pepe Surges 30% Amid Bull Market, Crypto Traders Eye New Meme Coin Going Viral After Video Release 11-24
- Dogecoin (DOGE) Bullish Streak is Awakening Shiba Inu (SHIB) Bulls: What’s Next? 11-24
Selected Topics
More>>-
- pepecoin Price Analysis
- This topic provides articles related to PepeCoin price, covering key PepeCoin insights and analysis
-
- pepe:meme star
- This topic provides articles related to the most promising meme, PEPECOIN, a project with the potential to become a mainstream digital currency. It has the advantages of decentralization, reliability, ease of use, fast speed, low cost and scalability, and is expected to be more widely used in the future
-
- pepecoin price prediction
- We’ve gathered facts about pepecoin’s success story and provided a pepecoin price prediction
Selected Articles
More>>- 1 Avalanche and Aptos rival raises over $600k in 2 weeks
- 2 Crypto Prices Today: Market Continues Rally With BTC, Pepe Coin, SEI Rising
- 3 Major Analyst Crypto Tony Bullish on These Meme Coins, But One Stands Out
- 4 MTAUR Ready to Crush DOGE and PEPE: 100x Price Growth Incoming?
- 5 Memecoins Surge in 2024, Popcat Leads with 7,621% YTD Gain, Outshining Top Crypto Tokens
- 6 PEPE Meme Coin Smashes ATH – See How Much an $83 Investment in Pepe Coin Last Year is Worth Now
- 7 Top 4 Altcoins At 70% Discounts – Last Chance!
- 8 Dogecoin Creator Proposes DOGE to NBA Legend Scottie Pippen
- 9 Top Analyst Who Predicted Dogecoin (DOGE) Last 170x Rally Forecasts New Parabolic Rise, Here’s His Price Target
- 10 New Solana Memecoin Trump Loves Elon to Rally 15,000% Before Exchange Listing, SHIB and Bonk Crash
ABOUT US
We are building the most influential，trusted information platform for aglobal community engaged in thd transformation of the financial system andthe emerging crypto economy.PEPE is an integrated platform for media,events,data & indices for the next generation fo investing and the future of money.
Get in touch with the PEPE team at admin@pepecoinbuy.com