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Investors are closely watching the crypto prices today, amid a positive sentiment in the market, as evidenced by the recent gains in digital currencies. Meanwhile, several experts anticipate that the optimism over Bitcoin ETF approvals among other factors has pushed the market higher.
In addition, Fed Chair Jerome Powell expressed satisfaction with the summer’s decline in inflation and hinted at no rate hikes unless a notably stronger economy threatens progress. The comments seem to have been lauded by many, as the rising interest rates have continued to weigh on the market performance.
In crypto prices, Bitcoin price witnessed a significant gain of 3.33% and traded at $29,215.25. The recent gains in the crypto price have bumped up its price by over 9% over the past seven days. The one-day volume and market cap of Bitcoin also rose 24.88% and 3.31% to $16.39 billion and $570.44 billion, respectively.
The Ethereum price added 2.23% to trade at $1,584.31, and its volume over the last 24 hours rose 10.73% to $5.25 billion. Over the last seven days, the Ethereum price jumped nearly 3% after its recent gains.
Among other major cryptos, the XRP price was up 7.05% to $0.5178, with its volume soaring 112.94% to $1.61 billion. On the other hand, the Solana price witnessed a notable surge of 9.81% from yesterday and traded at $25.98, while its volume rocketed 107.65% to $757.25 million.
In the meme coins segment, the Dogecoin price was up 2.11% to $0.05944, and its volume was down 2.24% to $119.70 million. On the other hand, the Shiba Inu price added 3.07% to $0.000006932 as of writing on October 20.
Meanwhile, the global crypto market cap surged 2.97% to $1.11 trillion, and its volume over the last 24 hours soared 3.77% to $41.97 billion. In addition, Bitcoin’s dominance ticked up 0.27% from yesterday and was currently at 51.47%. The crypto market fear & greed index was at 49, implying a neutral scenario in the overall market sentiment.
Also Read: Fed Chair Hints At No More Interest Rate Hikes, Crypto Market Cheers
Cryptos Price For Today 20 Oct 2023
Pepe Coin Adds 3%
The meme coins drew interest from the market participants on Friday, as evidenced by the surge in the cryptos’ prices. Meanwhile, one of the popular meme cryptos, the Pepe coin price added 2.66% as of writing and traded at $0.0000006447. On the other hand, its volume declined 4.20% to $38.86 million from yesterday.
Bitcoin SV (BSV) Soars 26%
The BSV crypto has gained notable traction lately, as seen by a significant jump in its recent price. As of writing on October 20, the Bitcoin SV price soared 26.36% to $53.1, while its volume over the past 24 hours advanced 61.58% to $274.94 million. Notably, its price jumped around 60% over the past seven days.
Stacks (STX) Soars 13%
The Stacks price increased by 13.07% to $0.6051 as of writing on October 20, while its volume over the last 24 hours rose 26.60% to $65.93 million. The recent surge in its price makes it among the top gainers in today’s session, while pushing its price up around 26% over the last seven days.
ApeCoin (APE) Plummets 3%
The ApeCoin price was down 2.94% on Friday to trade at $1.07, despite a positive sentiment in the broader market. In addition, its one-day volume plunged 29.32% to $37.57 million at the same time. However, the crypto’s price still managed to stay in the positive territory over the week, as witnessed by a surge of around 3% in its price from last Friday.
Also Read: XRP Price Jumps 5% as SEC Backtracks in Ripple Lawsuit
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