The crypto market appears to have lost its positive momentum witnessed over the weekend, indicating volatility. Investors regained confidence last week, driving the market higher, with major cryptos ending in the green. However, the fear and greed index remained neutral at 45 on Monday, October 9.
Investors are proceeding cautiously ahead of a crucial week, with significant macroeconomic data scheduled for release. The US will disclose its Consumer Price Index (CPI) and Producer Price Index (PPI) for September. The Federal Reserve will publish the minutes of its September meeting, and several officials are scheduled to give speeches.
Bitcoin’s price was down 0.23% to $27,941.98, with increased volume. Ethereum’s price fell 0.05% to $1,635.16, while XRP dropped 0.62% to $0.5192. Solana declined nearly 1% to $23.29. Dogecoin slipped 0.87% to $0.06097, and Shiba Inu dropped 0.81% to $0.000007205.
The overall market was dragged down, with the global crypto market cap down 0.35% to $1.09 trillion. Bitcoin dominance stood at 49.93%, a slight decrease from yesterday.
Today’s Top 4 Cryptocurrencies Are:
On Monday, Pepe Coin increases.
The price of Pepe Coin increased by 0.22% to $0.0000007089, indicating investor interest. However, the crypto has faced challenges in maintaining positive momentum, resulting in a price drop. In the past week, the popular meme coin experienced a decline of over 12%.
Bancor (BNT) Increases 40%
The Bancor (BNT) crypto attracted significant attention from crypto market enthusiasts, evident in its price surge. The price of Bancor rose by 39.82% to $0.5846, and its trading volume experienced a substantial increase of 3620.33% to $277.35 million within the last 24 hours. While there is no specific update regarding the cause of this price surge, the project team has cautioned users on the X platform about a phishing site targeting Bancor. They have advised users to remain vigilant and avoid such platforms.
Lido DAO (LDO) increases by 3%.
As of writing on October 9, the Lido Dao price was up 2.66% to $1.62, making it one of the session’s top movers. The cryptocurrency’s market cap increased by 2.78% from yesterday to $1.44 billion, and its volume over the last day increased by 8.28% to $24.93 million.
Avalanche (AVAX) Slips 4%
The Avalanche cryptocurrency’s downward trend has persisted this week, indicating that investors are staying away because to lingering fears. As of Monday morning, the Avalanche’s price was down 4.37% to $9.96, while its one-day volume dropped 55.69% to $125.49 million. The current decrease in AVAX appears to have been sparked by the announcement that the Avalnche-based social network, Stars Arena, confirmed a protocol exploit that caused a loss of roughly $3 million.
