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October 21 News: Cryptocurrency prices today maintained a stable momentum over the weekend, as investors seem to have regained confidence in the market.
Today's cryptocurrency prices continued their positive trend over the weekend, indicating a path to recovery for most major cryptocurrencies. However, the cryptocurrency market has been highly volatile in recent weeks, with concerns about inflation, rising interest rates, the Israeli war, and other regulatory obstacles persisting.
Nevertheless, Federal Reserve Chairman Jerome Powell indicated that the Fed's interest rate hike plan may become more dovish, which has boosted investor optimism. Speculation about the approval of a Bitcoin spot ETF has also helped market participants regain confidence in digital assets.
Meanwhile, Bitcoin (BTC) has recently gained attention as the cryptocurrency broke the $30,000 mark on October 20th. As of writing this on Saturday, October 21st, the price of Bitcoin rose by 0.97% to $29,604.62, with a trading volume surging by 17.96% to $19.19 billion.
As the second-largest cryptocurrency by market capitalization, Ethereum's price has risen by 0.91% to $1,599.55, with a trading volume surging by 18.13% to $6.15 billion. The cryptocurrency's price has risen by nearly 3% in the past week, according to recent prices.
As of the time of writing on Saturday, Solana's price rose by 3.5% to $26.85, with a 10.10% increase in trading volume to $830.56 million in the past 24 hours. On the other hand, XRP's price fell by 0.88% to $0.5139, with a 32.90% decrease in trading volume to $1.08 billion.
In the meme coin space on October 21st, emotions were somewhat mixed. Shiba Inu's price rose by 0.67%, with a trading price of $0.05986 and a 20.43% increase in trading volume to $143.36 million. At the time of writing this, Dogecoin's price fell by 0.15% to $0.000006927, with a 10.08% decrease in trading volume to $81.58 million.
For the entire cryptocurrency market, global cryptocurrency market capitalization rose by 1.08% in the past 24 hours to reach $1.12 trillion. Trading volume surged by 12.54% to $46.97 billion compared to yesterday. It's worth noting that the cryptocurrency Fear and Greed Index is at 53, indicating a neutral market sentiment.
Today's top 4 cryptocurrencies are Pepe Coin, rising by 2%, Mantle (MNT) surging by 12%, THORChain (RUNE) rising by 8%, and Stacks (STX) rising by nearly 3%.
Pepe Coin is one of the best-performing coins in the meme coin space, indicating growing interest from investors. Pepe Coin's price rose by 2.29% on Saturday, with a trading price of $0.0000006592 as of writing this. In the past 24 hours, its trading volume surged by 23.67% to $47.90 million.
Mantle (MNT) cryptocurrency is one of the biggest gainers on October 21. At the time of writing, the price of Mantle rose by 11.75%, trading at $0.3732, and its trading volume in the past 24 hours surged by 36% to $40.02 million. Following the recent surge, Mantle's price has risen by over 12% in the past 7 days.
THORChain (RUNE) saw an 8% price increase. The price of THORChain rose by 7.82% to $1.64 on Saturday, making it one of the day's top gainers. However, its trading volume decreased by 7.59% to $79.42 million compared to yesterday, while its market capitalization surged by 8.01% to $55.761 million.
Stacks (STX) rose by nearly 3%. Stacks cryptocurrency has continued to rise from yesterday, indicating that investors may be betting on the cryptocurrency. During the reporting period, Stacks' price surged by 3.58% to $0.63, and its trading volume in the past 24 hours surged by 199.34% to $196.84 million. Over the past 7 days, its price has risen by over 22%.
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Post time 26-10-2023 10:07:37