Crypto Price Today (Nov 7th, 2024): Bitcoin Price Keeps Up Momentum | Raydium Surges 22%

The post Crypto Price Today (Nov 7th, 2024): Bitcoin Price Keeps Up Momentum | Raydium Surges 22% appeared first on Coinpedia Fintech News

The cryptocurrency market has undergone a notable spike, rising 7.41% in the last 24 hours and raising the entire market capitalization to $2.46 trillion. Along with this, trading volumes have increased by 128.03%, totaling $192.7 billion. The Fear & Greed Index is currently at 62, indicating “Greed,” implying that investors are inclined toward optimism as they navigate current market conditions.

Bitcoin’s price has risen by 0.67% in the past day, reaching $74,955.1. While this upward movement suggests that the trading community remains interested, the 24-hour trading volume for BTC fell 34.28%, showing cautious profit-taking following recent growth. Bitcoin’s moderate pace may indicate that traders are waiting for clearer market signals before making large changes.

Curious about Bitcoin’s outlook? Check out our Bitcoin Price Prediction for insights into BTC’s potential path forward.

Ethereum has outperformed several of its rivals, up 6.51% in the last day to $2,809.22. This rise demonstrates ETH’s endurance throughout a market rebound. Meanwhile, Solana’s price fell by 0.01% to $187.20, indicating consolidation. XRP continued the upward trend, rising 2.53% to $0.5482, keeping investors enthusiastic about its long-term prospects.

Explore our Ethereum Price Prediction to see where ETH could be heading next.

Raydium was the day’s biggest gainer, up 22.14% to $4.69. Ethena and Neiro followed closely behind, recording strong growth of 19.99% and 17.13%, respectively. On the downside, Dogecoin dropped 5.29% to $0.1921, while Popcat and Bittensor fell 4.93% and 2.78%, respectively.

Stay connected for more updates as market sentiment continues to evolve, balancing optimism with caution.