The crypto market seems to have lost its positive momentum as witnessed over the weekend, suggesting a volatile scenario in the market. Meanwhile, the investors regained confidence last week, sending the market higher, with most of the major cryptos ending in the green. However, the fear and greed index remained at 45 on Monday, October 9, suggesting a neutral condition in the market.
Meanwhile, the investors seem to be walking cautiously ahead of crucial week, with significant macroeconomic information scheduled for release. The United States is set to disclose its Consumer Price Index (CPI) and Producer Price Index (PPI) data for September.
In addition, the Federal Reserve plans to publish the minutes of its September meeting, and several Federal Reserve officials are scheduled to give speeches.
Among the major cryptos, Bitcoin price was down 0.23% to $27,941.98 as of writing on Monday, while its volume rose 18.13% to $7.76 billion. Meanwhile, over the past 30 days, the crypto’s price attained a robust gain, jumping over 8%, which suggested that the investors are regaining their confidence in BTC.
Meanwhile, the Ethereum price was down 0.05% to $1,635.16 as of writing on October 9, while its volume for the last 24 hours jumped 30.73% to $3.36 billion. Its market cap also fell a similar percentage as its price from yesterday to $196.64 billion.
Similarly, the XRP price plunged 0.62% to $0.5192, with its volume rising 28.40% to $407.90 million. On the other hand, the Solana price declined nearly 1% from yesterday to $23.29 as of writing.
In the meme coins segment, the Dogecoin price slipped 0.87% to $0.06097, and its volume remained flat at $91.97 million over the last 24 hours. In addition, the Shiba Inu price dropped by 0.81% to $0.000007205 as of writing, while its volume rose 14.88% to $56.97 million.
The plunge in most of the major cryptos dragged down the overall market on Monday. As of writing, the global crypto market cap was down 0.35% to $1.09 trillion, and its volume rose 16.58% to $18.18 billion. Meanwhile, Bitcoin dominance was at 49.93% at the same time, suggesting a decrease of 0.01% from yesterday.
Also Read: XRP Lawsuit, Top Lawyer Places Odds of Complete Settlement at 18.987%
The Top 4 Cryptos For Today Are:
Pepe Coin Rises On Monday
The Pepe coin price was up 0.22% to $0.0000007089 as of writing on October 9, suggesting that the investors have shown their interest in the crypto. However, crypto has struggled to maintain a positive momentum in recent days, as evidenced by a drop in its price. Over the past week, the popular meme coin lost over 12%.
Bancor (BNT) Jumps 40%
The Bancor (BNT) crypto has gained notable traction from the crypto market enthusiasts on Monday, as seen by the jump in its prices. The Bancor price rose 39.82% to $0.5846 as of writing, while its volume skyrocketed 3620.33% to $277.35 million over the last 24 hours. Although there is no relevant update about its recent price surge, the project team has warned its users on the X platform about a phishing site aimed at Bancor and asked them to be aware of such platforms.
Lido DAO (LDO) Surges 3%
The Lido Dao price was up 2.66% to $1.62 as of writing on October 9, making it one of the top movers for the session. Meanwhile, the crypto’s volume over the past 24 hours rose 8.28% to $24.93 million, and its market cap added 2.78% from yesterday to $1.44 billion.
Avalanche (AVAX) Slips 4%
The Avalanche crypto has continued its downturn momentum this week, suggesting that the investors are staying on the sideline amid hovering concerns. The Avalanche price was down 4.37% to $9.96 as of writing on Monday, while its one-day volume fell 55.69% to $125.49 million. Meanwhile, the news of the Avalnche-based social platform, Stars Arena confirming protocol exploit resulting in about $3 million worth of loss seems to have triggered the recent decline in AVAX.
Also Read: Stars Arena Created What Elon Musk’s X Could Not, Avalanche Founder Says
