Investors are keeping a close eye on cryptocurrency prices today amid positive market sentiment, as evidenced by the recent rally in digital currencies. Meanwhile, some experts expect optimism over the approval of a Bitcoin ETF, among other factors, to have driven the market higher.
Additionally, Federal Reserve Chairman Jerome Powell expressed satisfaction with the decline in inflation over the summer and hinted that interest rates would not be raised unless a significant strengthening of the economy threatened progress. These comments seemed to be praised by many as rising interest rates continue to affect market performance.
In terms of cryptocurrency prices, Bitcoin price surged by 3.33% to trade at $29,215.25. The recent surge in cryptocurrency prices has seen its price rise by more than 9% in the past seven days. Bitcoin’s daily trading volume and market capitalization also rose by 24.88% and 3.31% to $16.39 billion and $570.44 billion, respectively.
Ethereum price rose 2.23% to $1,584.31, with trading volume up 10.73% to $5.25 billion over the past 24 hours. Over the past seven days, Ethereum price has risen nearly 3% following recent gains.
Among other major cryptocurrencies, XRP price rose 7.05% to $0.5178, and trading volume soared 112.94% to $1.61 billion. On the other hand, Solana price rose sharply by 9.81% from yesterday, trading at $25.98, and trading volume soared 107.65% to $757.25 million.
In the memecoin space, Dogecoin price rose 2.11% to $0.05944, with volume falling 2.24% to $119.7 million. On the other hand, Shiba Inu price rose 3.07% to $0.000006932 as of writing on October 20.
Meanwhile, the global cryptocurrency market capitalization surged 2.97% to $1.11 trillion, and the trading volume surged 3.77% to $41.97 billion in the past 24 hours. In addition, Bitcoin's dominance rose 0.27% from yesterday and is currently 51.47%. The cryptocurrency market fear and greed index is 49, indicating that the overall market sentiment is neutral.
Cryptocurrency Prices Today October 20, 2023
Pepecoin rose 3%
Memecoins have attracted the interest of market participants on Friday, as evidenced by the surge in cryptocurrency prices. Meanwhile, the price of Pepe Coin, one of the popular meme cryptocurrencies, has increased by 2.66% and is trading at $0.0000006447 at the time of writing. On the other hand, its volume has dropped by 4.20% from yesterday to $38.86 million.
Pepe Coin Charts
Bitcoin SV (BSV) surges 26%
The BSV cryptocurrency has gained significant attention recently, as evidenced by its recent sharp price increase. As of writing on October 20, Bitcoin SV price has surged 26.36% to $53.1, while trading volume has increased 61.58% to $274.94 million over the past 24 hours. Notably, its price has risen by around 60% over the past 7 days.
Bitcoin SV Chart
Stacks (STX) surges 13%
As of the time of writing on October 20, Stacks price is up 13.07% to $0.6051, while trading volume has increased 26.60% to $65.93 million in the past 24 hours. The recent surge in its price has made it one of the biggest gainers in trading today, while pushing its price up by about 26% in the past seven days.
Stack (STX) Chart
ApeCoin (APE) plunged 3%
Despite the bullish sentiment in the broader market, ApeCoin price fell 2.94% to $1.07 on Friday. In addition, its daily trading volume plummeted 29.32% to $37.57 million. However, the cryptocurrency’s price remained in positive territory this week, with its price up about 3% from last Friday.
ApeCoin (APE) Charts
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【Disclaimer】The market is risky, so be cautious when investing. This article does not constitute investment advice, and users should consider whether any opinions, views or conclusions in this article are suitable for their specific circumstances. Investing based on this information is at your own risk.
