The investors seem to have shifted their focus from the digital assets space on Tuesday, November 14, as evidenced by the downturn momentum in the crypto prices today. The market was in the negative territory, after witnessing a bullish run over the past few weeks.
Meanwhile, the recent downturn momentum indicates that the market participants are treading cautiously ahead of the crucial economic data that are scheduled to be released this week. For instance, the consumer price index (CPI) data is expected to be released later today, while the PPI data is anticipated to be released on November 15.
Both the data would be closely watched by the investors, as it would shed light on the current status of the inflation in the U.S. In addition, it would also set the path for the Fed’s future stance with their rate hike plans, which might have an impact on the market.
Talking about the crypto prices, Bitcoin price was down 1.49% to $36,407.85, while its trading volume over the past 24 hours was up 44.49% to $18.35 billion as of writing. However, over the past seven days, the BTC price has added over 4% through Tuesday.
Meanwhile, the Ethereum price noted gains of 0.13% to $2,048.83 as of writing on November 14, while its trading volume over the last 24 hours surged 59.77% to $13.62 billion. On the other hand, the BNB price plummeted 1.62% to $241.81 during writing, while its volume rose 20.66% to $878.05 million.
The XRP price noted slight gains of 0.66% and traded at $0.6604 during writing, with its volume rocketing 232.42% to $3.21 billion. On the other hand, the Solana price declined 6.78% to $54.01 during writing, while the Cardano price plunged 5.10% to $0.358 as of writing.
In the meme coin segment, the sentiment was somehow the same as witnessed in the broader market. The Dogecoin price was down 2.75% to $0.07466 during writing, while the Shiba Inu price witnessed a slump of 4.27% to $0.000008509 during writing on Tuesday.
The declines in the major crypto prices have also pulled down the overall crypto market on Tuesday, November 14. As of writing, the global crypto market cap was down 1.13% to $1.39 trillion, while its volume over the last 24 hours rose 32.53% to $62.83 billion. Notably, the crypto market fear and greed index was at 75 during writing, suggesting a “greed” sentiment in the market.
The Top 4 Cryptos For Today Are
Pepe Coin Slumps 3%
The Pepe Coin has continued to be on the investors’ radar this week, as the popular meme coin has been on a run towards the south this week. The Pepe coin price declined 3.06% to $0.000001157 as of writing, while its trading volume soared 42.36% to $201.61 million.
Bitget Token (BGB) Adds 13%
The Bitget Token price was up 13.52% to $0.5499 as of writing on Tuesday, making it one of the top gainers today. In addition, the trading volume of the crypto was up 41.98% to $30.97 million during writing, and its market cap soared 13.5% to $770.12 million at the same time.
Frax Share (FXS) Adds 13%
The Frax Share price was up 13.28% to $7.60 on November 14 and was among the top percentage gainers in today’s sessions. The crypto has gained traction from investors lately, as evidenced by a surge of over 32% in its price over the last 30 days. In addition, the trading volume of the crypto skyrocketed 180.32% to $118.03 million during writing.
Maker (MKR) Soars 10%
The Maker price was up 9.59% and traded at $1,415.15 during writing on Tuesday, gaining attention from the market participants. Its trading volume jumped 41.27% to $119.09 million during writing, and its price soared nearly 8% over the past week.
The post Crypto Prices Today: BTC, PEPE Decline While BGB Rally appeared first on CoinGape.