Investor confidence in cryptocurrency seems to be growing, as evidenced by today's surge in cryptocurrency prices.
In a positive market sentiment, investors are closely watching cryptocurrency prices today, and the recent rise in digital currency prices proves this. At the same time, some experts expect that optimism about the approval of Bitcoin ETF and other factors have driven the market higher.
In addition, Federal Reserve Chairman Jerome Powell expressed satisfaction with the summer decline in inflation and suggested that there would be no rate hike unless the economy significantly strengthens and threatens progress.
In terms of cryptocurrency prices, the price of Bitcoin has surged by 3.33%, trading at $29,215.25. The recent rise in cryptocurrency prices has seen its price increase by over 9% in the past 7 days. Bitcoin's daily trading volume and market value have also increased by 24.88% and 3.31% to $16.39 billion and $570.44 billion, respectively.
The price of Ethereum has risen by 2.23% to $1,584.31, with a 10.73% increase in trading volume to $5.25 billion in the past 24 hours. In the past 7 days, the price of Ethereum has risen by nearly 3% after a recent increase.
In other major cryptocurrencies, the price of XRP has risen by 7.05% to $0.5178, with trading volume soaring by 112.94% to $1.61 billion. On the other hand, Solana's price has surged by 9.81% to $25.98, with trading volume skyrocketing by 107.65% to $757.25 million.
In the meme coin sector, the price of Dogecoin has risen by 2.11% to $0.05944, with a 2.24% decrease in trading volume to $119.7 million. On the other hand, as of October 20th, the price of Shiba Inu has risen by 3.07% to $0.000006932.
At the same time, the global cryptocurrency market cap has surged by 2.97% to $11 trillion, with a 3.77% increase in trading volume to $419.7 billion in the past 24 hours. Furthermore, Bitcoin's dominance has increased by 0.27% from yesterday to 51.47%. The cryptocurrency market fear and greed index is at 49, indicating that the overall market sentiment is neutral.
PepeCoin Surges 3%
On Friday, meme coins attracted the interest of market participants, as evidenced by the surge in cryptocurrency prices. At the time of writing, the price of Pepe Coin, one of the popular meme cryptocurrencies, has risen by 2.66%, trading at $0.0000006447. On the other hand, its trading volume has decreased by 4.20% to $38.86 million from yesterday.
Bitcoin SV (BSV) Surges 26%
BSV cryptocurrency has recently gained significant attention, as seen from its recent sharp rise in price. As of October 20th, the price of Bitcoin SV has surged by 26.36% to $53.1, while the trading volume in the past 24 hours has increased by 61.58% to $274.94 million. It is worth noting that its price has risen by around 60% in the past 7 days.
Stacks (STX) Surges 13%
As of the time of writing on October 20th, the price of Stacks has risen by 13.07% to $0.6051, while the trading volume in the past 24 hours has increased by 26.60% to $65.93 million_. _The recent surge in its price has made it one of the biggest gainers in today's trading, pushing its price up by about 26% in the past 7 days.
ApeCoin (APE) Plummets 3%
Despite the optimistic overall market sentiment, the price of ApeCoin fell by 2.94% on Friday to $1.07_. _In addition, its daily trading volume plummeted by 29.32% to $37.57 million. However, the cryptocurrency's price has remained in positive territory this week, rising by about 3% compared to last Friday.
In the cryptocurrency industry, if you want to seize the next bull market opportunity, you need to have a high-quality circle, so that everyone can huddle together and maintain insight. If you are alone and at a loss, it is actually very difficult to persist in this industry. If you want to huddle together or have any doubts, you are welcome to join us - Gongzonghao: Guanguan Shuibi
免责声明：本文章仅代表作者个人观点，不代表本平台的立场和观点。本文章仅供信息分享，不构成对任何人的任何投资建议。用户与作者之间的任何争议，与本平台无关。如网页中刊载的文章或图片涉及侵权，请提供相关的权利证明和身份证明发送邮件到support@aicoin.com，本平台相关工作人员将会进行核查。
