The crypto prices today have moved towards the south, draining out gains from the broader market on Friday, November 3, 2023. Although there is no apparent news for the recent market slump, it appears that investors are staying on the sideline after a robust rally over the past few weeks.
Historically, it is seen that the market participants often take a break after a continuing rally in the market. The recent downturn momentum also suggests a similar condition in the cryptocurrency market. However, it is important to note that historical performance doesn’t always guarantee the future performance of the market.
Meanwhile, in crypto prices, the Bitcoin price was down 2.50% to $34,660.72 during writing, with its volume declining 19.91% to $19.79 billion. In addition, the market cap of the crypto fell 2.46% to $676.77 billion at the same time.
In other cryptos, the Ethereum price dropped by 3.21% to $1,797 as of writing today, with its volume slipping 22.74% to $8.70 billion over the past 24 hours. Simultaneously, the XRP price noted declines of 1.69% to $0.5998, and its trading volume from yesterday fell 4.45% to $1.8 billion. Notably, the Solana price, which was among the top gainers list this week, drifted 8.90% to $38.70, with its volume dropping 30% to $2.63 billion.
The picture in the meme coin segment was also somewhat the same, with the majority of the cryptos losing their value. The Dogecoin price witnessed a slump of 3.10% to $0.06726 during writing, while its volume over the past 24 hours rose 1.81% to $491.48 million. On the other hand, the Shiba Inu price dropped by 3.53% to $0.00000775 as of writing on Friday, and its one-day trading volume declined 6.45% to $154.44 million.
The losses in most of the major crypto prices today have dragged down the broader crypto market. As of writing, the global crypto market cap dropped by 2.61% to $1.28 trillion, and its volume from yesterday fell 15.88% to $48.45 billion. Notably, the sentiment was in the “greed” zone in the crypto market, as suggested by a reading of 72 in the fear and greed index.
Also Read: SBF Convicted, What Happens Next To His Inner Circle? Ellison, Wang, & Nishad
The Top 4 Crypto Prices For Today Are
Pepe Coin Slips 11%
The popular meme coin, Pepe Coin price was down 10.58% and traded at $0.000001056, reflecting the bearish trend in the broader market today. However, the meme coin has garnered significant attention over the past few sessions, with its robust gains, as seen by a surge of over 42% in its price over the last 30 days. Notably, its one-day trading volume was down 11.36% to $140.43 million during writing.
Pepe Coin Chart
Trust Wallet Token (TWT) Gains 7%
The Trust Wallet Token price was up 6.99% and traded at $1.16 during writing on Friday, November 3, while its volume over the past 24 hours skyrocketed 234.69% to $80.79 million. Although there is no apparent news for its recent surge, the crypto has shown resilience amid a bearish sentiment in the broader market, being one of the top percentage gainers in today’s session.
Trust Wallet Token (TWT) Chart
Cronos (CRO) Gains 6%
Another top percentage gainer on November 3, the Cronos price added 6.50% in the early trading session to trade at $0.06666, while its volume over the past 24 hours skyrocketed 165.18% to $19.90 million. Simultaneously, the market cap of the crypto jumped 6.53% to $1.68 billion during writing.
Cronos (CRO) Chart
PancakeSwap (CAKE) Adds 5%
The PancakeSwap price also moved towards the north and added 5.41% to trade at $1.50 on Friday, November 3. Its trading volume has rocketed 291.73% to $224.27 million over the last 24 hours, while its market cap noted gains of 5.21% to $340.21 million. Notably, the crypto’s price soared over 24% over the last seven days.
PancakeSwap (CAKE) Chart
Also Read: Macros Forces And Not Spot Bitcoin ETF Led to Recent BTC Price Rally, Will It Continue?
Read the full article here