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The crypto prices today were in the green on Friday, November 10, despite Fed Chair Jerome Powell’s warning of raising the interest rate further to tame inflation. Meanwhile, it seems that the market has shrugged off concerns over a potential rate hike by the U.S. Central Bank to bring down the inflation to their 2% target rate.
Although Powell has lauded the easing inflation in the U.S., he remained concerned about the efficacy of the recent policy measures. Notably, his comment has also raised speculations in the broader market over the future stance of the Federal Reserve.
However, despite the hawkish indications, the crypto market continued its upward momentum on Friday. During writing, Bitcoin price noted gains of 0.49% to $36,752.55, while its trading volume added 62.49% to $35.02 billion over the last 24 hours.
Among other cryptos, the Ethereum price noted a significant gain of 10.53% and traded at $2,123.86, with its trading volume skyrocketing 204.62% to $25.42 billion. Simultaneously, its market cap jumped 10.57% to $255.53 billion. In addition, the BNB price rose 2.12% to $256.30 during writing, while its volume rocketed 188.27% to $1.17 billion.
The Solana price was up 6.88% to $47.23 during writing, while the Cardano price advanced 2.13% to $0.3741. The former crypto’s trading volume jumped 147.14% to $2.91 billion, while the latter has added 116.75% to $712.27 million.
However, the meme coin segment failed to maintain the positive momentum on Friday, suggesting that the investors are shifting their focus from the segment. The Dogecoin price was down 3.49% to $0.07402, while its volume rose 65.55% to $973.09 million. On the other hand, the Shiba Inu price declined 2.32% to $0.000008424 during writing, while its volume over the past 24 hours soared 81.29% to $293.32 million.
Meanwhile, the surge in major cryptocurrencies led to a significant upturn in the entire crypto market. The global crypto market cap increased by 2.35% to $1.4 trillion, and the market fear and greed index reached 77, indicating a “greed” sentiment. Over the last 24 hours, the crypto market total market volume grew by 95.07%, now totaling $95.46 billion.
Also Read: SOL Price Shoots 7% Moving Closer to $50, What’s Next for Solana?
The Top 4 Cryptos For Today
Pepe Coin Remains Flat
Like most of the major meme coins today, the Pepe Coin price was also in the negative territory, witnessing a decline of 0.15% to trade at $0.000001333 during writing. Meanwhile, the trading volume of the Pepe coin was up 163.39% to $396.37 million as of writing, and its market cap was up 0.37% to $556.38 million.
Rocket Pool (RPL) Adds 20%
The Rocket Pool crypto was among the top percentage gainers on Friday, as witnessed by the recent rally in its price. The Rocket Pool price advanced 20.26% over the past 24 hours and traded at $32.70 during writing, while its trading volume skyrocketed 623.69% to $31.40 million.
Lido DAO (LDO) Soars 18%
The Lido DAO price noted gains of 17.84% and traded at $2.38 on November 10, making it another top percentage gainer among the major cryptos. In addition, the trading volume of the crypto rocketed 308.07% to $349.16 million, while its market cap soared 17.93% to $2.12 billion at the same time.
Huobi Token (HT) Jumps 12%
The Huobi Token price added 12.39% on Friday to trade at $2.80, while its volume over the past 24 hours soared 25.73% to $30.66 million. Meanwhile, its market cap over the last 24 hours jumped 12.05% to $454.96 million during writing. Notably, the token soared nearly 23% over the past 30 days.
Also Read: Crypto Market Ignores Fed Chair’s Warning of Rate Hikes, Altcoins Rally
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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