Crypto prices today have experienced a downward trend, indicating investors are taking a break following the recent market bull run. Last month and the start of December had been good for the crypto market, as traders shifted their focus to riskier assets.
This week has been challenging for the crypto market, as prices have dropped and investors await key inflation data from the U.S. Consumer Price Index (CPI) and Producer Price Index (PPI). This could give light to the Federal Reserve’s rate hike plans.
The Bitcoin price dropped 1.12% to $41,632.34, while its trading volume rose 58.15% to $34.13 billion in the last 24 hours. Over the last 30 days, it has added 13%. Ethereum was down 0.6% to $2,229.66, with its trading volume rising 28.41% to $14.62 billion. BNB, however, increased 8.63% to $253.05, with its one-day market volume rising 82% to $1.44 billion. The XRP price fell 0.82% to $0.623, with its trading volume rising 3.09% to $1.75 billion. Solana noted slight gains of 0.34% to $70.82, with its market volume jumping 17.05% to $3.09 billion.
The meme coins segment saw Dogecoin price decline 4.2% to $0.09595, and its trading volume dropping 4.4% to $1.35 billion. The Shiba Inu price decreased 2.66% to $0.000009634, and its market volume fell 24.4% to $273.06 million.
The market downturn, as seen in the major crypto prices, has pulled down the overall performance. Global crypto market cap decreased 0.23% to $1.57 trillion, while the total crypto market volume rose 30.19% to $82.72 billion. The fear and greed index also decreased to 74 from last week’s reading of 80.
The top cryptos today are Pepe Coin, KuCoin Token (KCS), and Avalanche (AVAX). Pepe Coin slipped 2.11% to $0.000001427, with its trading volume 24.55% lower at $141.91 million. KCS was up 30.87% to $12.98, with its market volume up 174.97% to $15.99 million. AVAX surged 16.71% to $41.59, with its trading volume increasing 43.5% to $3.21 billion.
