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On Saturday, October 7, the crypto market reversed its course, shifting into positive territory and recovering from recent losses. Meanwhile, this upswing was led by significant gains in most major cryptocurrencies, reflecting investor optimism about the market’s future.
The digital currencies moved towards the south on Friday, October 6, after strong US job data suggested that there is still space for the Federal Reserve to move with their hawkish plans. However, the market has bounced back as investors grew confident about the market.
In crypto prices, Bitcoin price was up 1.43% to $27,941.42 as of writing, while its volume for the last 24 hours rose 15.46% to $13.48 billion. Its market cap added 1.35% to $545.03 billion at the same time on Saturday.
The Ethereum price showed gains of 1.26% to $1,643.27, with its market cap declining 7.20% to $4.86 billion. Meanwhile, its market cap also rose at the same rate as its price and stayed at $197.57 billion. As of writing, the Solana price surged 2.97% to $23.90, and its volume soared 16.91% to $408.08 million.
In the meme coin segment, the Dogecoin price rose 0.97% over the past 24 hours to $0.06165, while its volume jumped around 6% to $117.67 million. On the other hand, the Shiba Inu price advanced 0.97% to $0.000007257, with its volume rising 4.19% to $63.56 million.
Meanwhile, the global crypto market cap surged 1.09% as of writing to $1.09 trillion, while its volume rose 4.06% to $26.5 billion. Additionally, the crypto market’s fear and greed index remained at 46, signaling a neutral sentiment prevailing in the market.
Also Read: Binance Launches UK Domain Amid New FCA Regulation
The Top 4 Cryptos For Today Are:
Pepe Coin Adds 2%
The gains in the crypto market also pushed the meme coins higher on Saturday, as evidenced by the rising prices. Meanwhile, Pepe coin price was up 1.94% to $0.0000007194 as of writing on October 7, while its volume declined 4.38% to $43.1 million.
Avalanche (AVAX) Rises 7%
The Avalanche crypto has continued its positive momentum over the weekend, suggesting the increasing interest of the investors towards the crypto. The Avalanche price rose 7.01% to $11.07 as of writing, while its market cap also noted a similar percentage gain and stayed at $3.92 billion.
Monero (XMR) Jumps 3%
The Monero price surged 2.48% to $152.47 as of writing on October 7, while its volume fell 12.32% to $49.44 million. Although there is no recent news for the surge in the crypto price, it seems that the positive momentum in the overall market has helped gains in it.
Polygon (MATIC) Ticks Up 5%
The Polygon crypto was among the top gainers on Saturday, attracting attention from the market participants. Meanwhile, the Polygon price inched up 4.86% to $0.5763 as of writing, while its volume jumped 12.49% over the past 24 hours to $271.23 million.
Also Read: Komainu Gains FCA for Crypto Custody in the UK
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