Cryptocurrency Rally Sees BTC, PEPE, & CAKE Soar in Value


Crypto prices today have seen a bullish momentum, suggesting a positive sentiment of the market participants in the digital assets space. On Friday, the market briefly moved towards the south but quickly regained traction and continued to rise over the weekend. This uptrend indicates that investors are willing to bet on riskier assets and have regained confidence in the segment.

Various positive catalysts such as speculations over Bitcoin Spot ETF approval and the Federal Reserve halting rate hike plans have contributed to the uplift in traders’ sentiment.

On Friday, the US labor market released its October job data indicating a slowdown. Wall Street welcomed this news, as it suggests that the Federal Reserve might take a less aggressive approach to its monetary policy. The data showed nonfarm payrolls rose by 150,000 in October, a significant decline compared to the revised figure of 297,000 in September. Additionally, the unemployment rate rose slightly from 3.8% to 3.9%.

The largest crypto by market cap, Bitcoin, soared 1.92% to $34,711.01, with its volume falling 20.66% to $15.71 billion. Its market cap rose 0.14% to $677.94 billion. Ethereum price was up 1.95% to $1,833.98, with its volume over the past 24 hours decreasing 18.11% to $7.12 billion. The market cap of the crypto rose 1.94% to $220.39 billion.

The crypto market’s overall market cap advanced 0.97% to $1.29 trillion, and its volume declined 19.88% to $38.76 billion. The market’s sentiment was in the “greed” territory, with the fear and greed index reading standing at 72.

The top four crypto prices for today are:
– Pepe Coin ticked up 2%, trading at $0.000001087 with its volume dropping 38.50% to $85.89 million.
– THORChain (RUNE) advanced 16%, trading at $3.38 with its volume soaring 102.76% to $282.89 million.
– Neo (NEO) soared 15%, trading at $10.63 with its volume rising 63.40% to $109.90 million.
– Oasis Network (ROSE) surged 14%, trading at $0.06393 with its volume increasing 16.56% to $49.67 million.

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