Cryptocurrency prices were in positive territory today, but remained near the bay as investors evaluate various factors before making bets. For example, uncertainty surrounding the potential timeline for the Federal Reserve to begin lowering interest rates is weighing on crypto market sentiment.
Meanwhile, a series of key data releases are expected next week that could clarify potential moves by the US Federal Reserve. So, considering that the market seems to be showing little or slight movement in the last few days.
Looking at individual cryptocurrency prices, at the time of writing, Bitcoin price was up 0.16% to $42,886.82, but trading volume over the past 24 hours was down 4.61% to $17.1 billion. In particular, the leading cryptocurrency has been flat for the past seven days, but has fallen more than 2% in the past 30 days.
Among other cryptocurrencies, Ethereum's price rose by 2.08% at the time of writing, trading at $2,362.02, with daily volume surging 35% to $9.79 billion. At the same time, BNB price increased by 0.11% to $301.65, while XRP price decreased by 0.49% to $0.504.
Meanwhile, Solana price was down 0.26% to $95.38 at the time of writing, the day after the SOL network faced an outage. Additionally, Cardano price also decreased by 0.68% to $0.486, while trading volume increased by 12.29% to $305.24 million.
However, the performance of major cryptocurrencies has been mixed, with the overall market remaining stable. As of this writing, the global cryptocurrency market capitalization has increased by 0.88% to $1.65 trillion, while trading volume has decreased by 2.89% from yesterday to $43.23 billion. Notably, the crypto market fear and greed index is 55, suggesting that market sentiment is neutral.
Also read: What exactly caused the Solana outage, and can it happen again?
Today's highest prices for cryptocurrencies are:
Pepecoin soars over 2%
The price of Pepecoin, one of the most popular meme coins, has increased by 2.12% and is trading at $0.0000009221 at the time of writing on February 7, while the trading volume has decreased by 25.14% to $67.04 million. became. Meanwhile, cryptocurrencies have struggled to maintain positive momentum in recent weeks, as seen in price fluctuations. On a weekly basis, Pepecoin fell by about 6%, but for the month it fell by about 23%.
Dimension (DYM) 24% addition
The Dimension (DYM) cryptocurrency was one of the top gainers in the crypto market on Wednesday, suggesting growing investor interest in cryptocurrencies. Meanwhile, Dimension's price increased by 24.35% at the time of writing to trade at $4.96, while the trading volume surged by 2771,514.33% to $402.88 million in the past 24 hours.
WOO increased by 6%
WOO crypto has also been gaining attention from crypto market enthusiasts since February 7th, as evidenced by its recent price spike. WOO price increased by 5.63% to trade at $0.3538, and trading volume increased by 26.97% to $11.37 million. Notably, the cryptocurrency reached a high of $0.3583 in the past 24 hours.
Also read: Jack Dorsey-backed decentralized social project Bluesky opens to the public
