Crypto Prices Today: Pepe Coin Tumbles, TON Rally, Mixed Sentiment Noted

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Coingapestaff

Coingapestaff

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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.
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CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights to our readers. Our journal 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.
Crypto Market Today Jan 31: BTC & Altcoins Turbulent Ahead Of US PCE Data

A mixed sentiment is witnessed in the broader market today, with major cryptos like Bitcoin (BTC) and other digital currencies in green. However, the major crypto prices stayed near the flatline, suggesting a mixed sentiment is witnessed across the market, with global crypto traders treading cautiously ahead of the major data release by the U.S. Federal Reserve this week.

The U.S. Federal is expected to release the CPI data and U.S. federal budget data on September 13, followed by employment, PPI, and retail sales data on Thursday. The set of crucial data might provide more insights into the Fed’s upcoming stance on the policy rates. Notably, the Fear & Greed Index remained at 34, suggesting a “fear” environment in the broader market.

Bitcoin’s (BTC) price held its ground close to the shoreline, though it remained below the $30,000 mark, settling at $25,922.06, showing a modest uptick of 0.22% in the past 24 hours. Meanwhile, several other cryptocurrencies, including Ethereum (ETH) and BNB (BNB), also saw slight gains. However, it was a different story for Solana (SOL) and Cardano (ADA), as they found themselves in the red.

Ethereum (ETH) price stood at $1,591.41 during writing, with a slight gain of 0.28% in the last 24 hours. Meanwhile, Tron (TRX) and BNB crypto prices also noted a surge of 2.86% and 0.35% to trade at $0.08061 and $210.31, respectively.

However, Cardano (ADA) price tumbled 0.80% to $0.2449, while Solana (SOL) price fell 1.68% to trade at $17.89, respectively. The meme coins also faced a similar scenario and struggled to stay in the green. Dogecoin (DOGE) price lost 1.19% and traded at $0.06077, while Shiba Inu (SHIB) price plummeted 0.38% to $0.000007194.

The overall crypto market also stayed near the bay on Wednesday. As of writing, the global crypto market cap has dipped by just 0.14% compared to yesterday, holding at $1.03 trillion. Concurrently, the total trading volume in the crypto market has seen a 7.26% decrease, settling at $32.83 billion.

Also Read: Bitcoin Turns Bullish Mid-Week, Will Gains To $28k Sustain?

The top 4 Cryptos For Today Are:

Pepe coin is down by 2.27%

The PEPE coin price noted a decline of 2.37% on Thursday, maybe due to the hovering concerns in the broader financial market. The crypto traded at $$0.0000006695 during writing, down by 2.37% in the last 24 hours. It holds a market cap of $263.3 million.

VeChain (VET) surged 7.95%

VeChain was among the top gainers on Wednesday. During writing, the VET token price was up 7.95% over the last day and traded at $0.01613. Its total market cap was $1,173,216,483. Although the VeChain crypto tumbled to lows of $0.015 in the ongoing month, many crypto enthusiasts seem to be bullish on the altcoin’s future performance.

Toncoin (TON) jumped over 9%

The TON token was up 9.24% and traded at $1.85 during writing. Its market cap also noted a similar gain and held at $6,346,320,658. Several investors see the recent innovations as Toncoin’s dedication to advancing blockchain technology and unveiling a world of unexplored possibilities.

Stellar (XLM) tumbled over 8%

The XLM crypto price dropped 8.09% from yesterday and traded at $0.1203 on Wednesday morning. Its market cap also declined 8.03% to $3,311,658,962. Investors have been bullish on the crypto lately, over speculations that Apple Pay is going to partner with Stellar Lumens.

Also Read: Ripple Is Now Hiring 80% Of Its Staff Outside the US, Is SEC to Blame?

Investment disclaimer: The content reflects the author’s personal views and current market conditions. Please conduct your own research before investing in cryptocurrencies, as neither the author nor the publication is responsible for any financial losses.
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Why Trust CoinGape

CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal 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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CoinGape comprises an experienced team of native content writers and editors working round the clock to cover news globally and present news as a fact rather than an opinion. CoinGape writers and reporters contributed to this article.