The crypto prices today have started the month on a positive note, continuing the rally from October. This upward momentum is in line with the "Uptober" sentiment that is typically observed in the digital asset space. The crypto market fear and greed index currently stands at 72, indicating a "greed" scenario in the market.
Investors are eagerly awaiting the Federal Reserve's decision on interest rates, as it could have a significant impact on the future performance of the market. Fed Chair Jerome Powell is scheduled to attend a press conference later today.
The price of Bitcoin has increased by 0.56% from yesterday, reaching $34,472.99. However, its one-day volume has declined by 8.02% to $15.66 billion. The market cap of Bitcoin over the last 24 hours has risen by 0.54% to $673.31 billion.
The price of XRP has seen gains of 2.81% on Wednesday, trading at $0.592. Its volume has surged by 39% to $2.17 billion. XRP has been gaining traction recently, with a positive momentum in its price change. It has added nearly 7% over the last seven days, and its market cap from yesterday rose by 2.84% to $31.71 billion.
The price of Solana has increased by 5.73% to $38.14. Its volume has soared to $1.49 billion.
On the other hand, the price of Cardano has experienced a slump of 4.15% from yesterday, trading at $0.2885. However, its one-day volume has surged by 35.20% to $311.15 million.
The meme coin segment has seen some gloominess today, as indicated by the price fluctuations in major meme coins. The price of Dogecoin has slipped by 2.49% from yesterday, trading at $0.06752. Its volume has risen by 57.10% to $481.50 million. Additionally, the price of Shiba Inu has witnessed a decline of 2.76% to $0.000007729.
Despite the gloominess in the meme coin segment, the overall crypto market has remained in positive territory, supported by the gains of major cryptocurrencies. The global crypto market cap has increased by 0.39% to $1.28 trillion, and its volume from yesterday has risen by 0.93% to $39.98 billion.
The crypto market has started the month with a positive momentum, following the "Uptober" sentiment. While the meme coin segment experienced some gloominess, the overall market remained in positive territory. Investors are eagerly awaiting the Federal Reserve's decision on interest rates, which could have a significant impact on the future performance of the market. It will be interesting to see how the market evolves in the coming days.
