Rising Sentiment in Cryptocurrencies: Bitcoin and Altcoins
Release: 2023/11/21 16:00 Reading: 941
The sentiment of a rising market was evident in cryptocurrencies as of today. This feeling of growth was reinforced by the positive performance of Bitcoin and most altcoins.
However, this week, the sentiment of growth paralleled the increasing confidence of investors, as evidenced by the price increases in the crypto market. Especially, everyone was curious about the potential outcomes of the planned FOMC minutes, which were to be announced.
Bitcoin Keeps Rising, Latest Update on Altcoins
Speaking of individual crypto prices, the price of Bitcoin started the day at $37,351 and saw a 47.88% increase in its volume in the last 24 hours. The volume reached $20.69 billion. The recent price increase led to an approximately 3% increase in the past seven days. src="/uploads/20231121/1700553603655c6383270d7.png">
The leader of altcoins, Ethereum, saw a 0.73% increase in its price, reaching $2,016.79 at the time of writing. There was a 67.54% increase in its volume compared to the previous day, reaching $12.95 billion. Following the news that came at night, the rapidly rising BNB price traded at $263.56 with a significant increase of 6.96%, and its volume skyrocketed by 144.30% to $1.52 billion.
Another altcoin in the top 5, XRP, experienced a 1.42% decrease in its price, falling to $0.6148. Solana also experienced a sharp drop in price, declining by 6.54% to $55.98.
The leader of meme coins, Dogecoin, saw a 3.81% decrease in its price and was trading at $0.07714 at the time of writing. Its closest follower, Shiba Inu, also saw a 2.45% decrease in price, falling to $0.000008419.
Pepe Coin, the follower of these two meme coins, found buyers at $0.000001123, experiencing an 8.50% decrease in price as of the writing on November 21. However, its trading volume in the last 24 hours increased by 6.08% to $98.4 million. Despite all this, Pepe Coin has seen an increase of over 70% in its price in the last 30 days.
Top Altcoins of the Day
PancakeSwap gained significant value in the morning hours and caught the attention of investors. PancakeSwap’s price reached $2.70 with a 9.55% increase, and its volume in the last 24 hours increased by 126.04% to $199.7 million.
ApeCoin, the continuation of Bored Ape, traded at $1.4 with a 7.55% increase in the last 24 hours. ApeCoin experienced a surge in trading volume, increasing by 279.94% to $129.15 million. The current price has seen an approximately 35% increase in the last 30 days.
Finally, Gnosis coin found its place among the high-volume altcoins with the highest increase on November 21. Gnosis was trading at $189.95 with a 6.28% increase on Tuesday, and its trading volume increased by 130.17% to $14.93 million.
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