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Crypto Prices Today: BTC, Pepe Coin Slip As BTT Surges Ahead of Inflation Data

The crypto prices today fell as traders anticipate US CPI and PPI data later this week, potentially impacting the Fed's future stance.
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Crypto Prices Today: BTC, Pepe Coin Slip As BTT Surges Ahead of Inflation Data

The crypto prices today were in the negative territory, with investors staying on the sidelines ahead of crucial inflation data. Notably, the U.S. Labor Department is set to release the Consumer Price Index (CPI) and Producer Price Index (PPI) data, which is an important gauge to measure inflation, later this week.

Meanwhile, global investors keenly await these data, as they could shape the central bank’s future stance with their rate hike plans. Considering that, the market watchers link the recent market volatility to anticipation of these key inflation figures.

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A Closer Look At The Top Crypto Prices

Talking about today’s crypto prices, the Bitcoin price noted a slump of 4.10% and settled at $42,096.48.16 as of writing on December 11. However, its trading volume over the past 24 hours rose 30.65% to $21.7 billion. Although the recent decline has raised concerns in the crypto market, the pioneer cryptocurrency has added nearly 14% over the last 30 days.

Meanwhile, the Ethereum price mirrored the same trend as Bitcoin, with a 4.89% slump, reaching $2,238.29. The trading volume over the last 24 hours increased by 10.58% to $11.46 billion. Notably, despite these short-term setbacks, Ethereum displayed strong resilience over the last 30 days, with a nearly 9% surge in its price.

In addition, the XRP price encountered a setback, registering a 5.98% decline to trade at $0.6269, with its volume falling by 17.18% to $1.70 billion. Similarly, the Solana price dropped by 4.09% to $70.31, accompanied by a 3.11% decrease in its 24-hour trading volume to $2.64 billion.

The Cardano price was down 6.88%, reaching $0.5569, reflecting the gloomy sentiment hovering over the digital asset space. Meanwhile, the meme coins segment also signaled a cautious shift among investors towards safer assets.

The Dogecoin price slight decline of 0.65, trading at $0.09982, with its volume rising by 37.78% to $1.42 billion. On the other hand, the Shiba Inu price faced a 3.27% drop, settling at $0.000009882, while its trading volume decreased by 21.31% to $363.88 million.

Meanwhile, the slump in almost all the major digital currencies, especially the top 10 crypto prices, has pulled back the market from its recent gains. As of writing, the global crypto market cap slipped 3.28% to $1.58 trillion, while its trading volume from yesterday rose 5.2% to $62.9 billion. Meanwhile, the crypto market fear and greed index stayed at 80, suggesting an “extreme greed” sentiment in the market.

Also Read: Justin Sun’s HTX Exchange Sees $250 Million Outflow, Another Exchange Collapse?

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The Top Cryptos For Today Are

Pepe Coin Slips 6%

The Pepe Coin price was down 5.81% as of writing on Monday, December 11, and traded at $0.000001457. The recent decline in the popular meme coin comes amid a bearish sentiment witnessed in the broader crypto market, suggesting that investors are keeping their distance from the risk-bet assets. Meanwhile, Pepe Coin’s trading volume also declined 24.12% to $189.01 million at the same time.

Pepe Coin Chart

BitTorrent (New) (BTT) Adds 24%

The BitTorrent price has started the week on a positive note, adding 24.54% to trade at $0.000001333 during writing on Monday. Meanwhile, the surge in the crypto price was also in contrast to the overall market scenario, making it among the top percentage gainers in the crypto market. Simultaneously, its trading volume skyrocketed 224% to $342.77 million.

BitTorrent (BTT) Crypto Chart

Injective (INJ) Advance 16%

The Injective crypto was another top percentage mover in the digital asset space on December 11, suggesting that the investors are shifting their focus towards the crypto. Meanwhile, as of writing, the Injective price was up 16.53% to $22.23 during writing, and its trading volume from yesterday jumped 122.68% to $249.79 million.

Injective (INJ) Crypto Chart

Also Read: $300 Million Liquidated As Bitcoin (BTC) and Altcoins Enter Sharp Correction, What’s Next?

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Rupam Roy

Rupam is a seasoned professional with three years of experience in the financial market, where he has developed a reputation as a meticulous research analyst and insightful journalist. He thrives on exploring the dynamic nuances of the financial landscape. Currently serving as a sub-editor at Coingape, Rupam's expertise extends beyond conventional boundaries. His role involves breaking stories, analyzing AI-related developments, providing real-time updates on the crypto market, and presenting insightful economic news. Rupam's career is characterized by a deep passion for unraveling the complexities of finance and delivering impactful stories that resonate with a diverse audience.

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Why trust CoinGape: CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journalists and analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
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