The crypto market started the week on a positive note on Monday, as witnessed by the significant gains in prices. Meanwhile, most of the major cryptos were in positive territory on Monday, October 16, suggesting a positive sentiment among the market participants.
The Bitcoin was trading near $28,000 indicating that the investors have regained confidence in the crypto. The Bitcoin price was up 3.46% to $27,816.96 as of writing today, while its volume over the past 24 hours rose 89.61% to $9.8 billion.
Among other cryptos, the Ethereum price increased by 2% and traded at $1,584 during writing, while its volume advanced 56.25% to $3.7 billion from yesterday. On the other hand, the XRP price noted gains of 1.95% to $0.4956, and its volume was up 50.01% to $517.29 million.
Talking about the other crypto prices, the Solana price surged at a rate of 34.82% to $22.74 during writing on Monday, and its volume was up 35.67% to $214.53 million. The recent gains in the crypto prices pointed towards the renewed confidence of the market participants in the financial markets.
However, in the meme coins segment, the picture was somewhat different. The Dogecoin price was down 1.20% to $0.06016 while its volume over the past 14 hours decreased by 0.15% to $118.58 million. On the other hand, the Shiba Inu price advanced 3.64% to $0.000007106 as of writing on October 16, while its volume over the past 24 hours rose 19.98% to $78.84 million.
The recent gains in the crypto prices have triggered a rally in the broader crypto market on Monday, as noted by the performance of the segment. As of writing, the global crypto market cap was up 2.22% to $1.08 trillion, while its volume rose 43.52% to $20.37 billion over the past 24 hours. Notably, the crypto market fear and greed index was at 41 during writing, suggesting that the market is moving toward a neutral phase.
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Several meme coins have noted increasing interest from traders on Monday, as suggested by the increasing crypto prices. Meanwhile, one of the popular crypto, the Pepe Coin price rose by 5.34% to $0.0000006864 as of writing on Monday. In addition, its volume over the past 24 hours rocketed 107% to $61.87 million.
The Stacks price noted gains of 6.93% as of writing and its price traded at $0.5381 during writing on October 16. Meanwhile, the crypto’s trading volume over the past 24 hours skyrocketed 163% to $31.27 million at the same time.
The Bitcoin SV has been on the investors’ radar on Monday, as witnessed by the recent rally in the crypto price. Meanwhile, the Bitcoin SV price added 11.01% to $37.4 as of writing on October 16, making it one of the top gainers for today’s session. On the other hand, its volume rocketed 161.23% to $53.45 million.
The eCash crypto price noted gains of 5.67% as of writing and traded at $0.00002524 during the start of the week. Meanwhile, investors have shown interest in the crypto, as seen by a surge of 183.71% to $13.48 million in its one-day volume.
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