The crypto market continued to move north on October 18, suggesting that investors have regained their appetite for risk. Gains in several major cryptocurrencies helped the market stay in the green this week after choppy trading. over the past week. Notably, the crypto market’s Fear and Greed Index was at 47, unchanged from yesterday and indicating a neutral condition in the market.
Meanwhile, in crypto prices, the Bitcoin Price rose 1.01% to $28,495.60 at the time of writing on Wednesday, while its volume over the past 24 hours declined 51.93% to $13.75 billion. At the same time, recent gains for the largest cryptocurrency by market capitalization reflect market participants’ renewed optimism toward digital currencies. Notably, over the past seven days, the price of Bitcoin has surged by around 5.10% to its current price.
However, the picture was not the same for all major cryptos on October 18. The second largest crypto by market capitalization, Ethereum Price fell 1.25% to $1,568.64 and its volume fell 47.63% to $4.75 billion.
Simultaneously, the XRP Price fell 0.42% to $0.4901 at press time, with volume down 31.93% to $752.28 million and market cap down 0.44% to 26.19 billions of dollars. On the other hand, the Solana Price noted slight gains of 0.39% today and is trading at $23.99 at the time of writing. Solana’s recent price hikes have caused its price to rise by approximately 8% over the past seven days.
The global crypto market cap increased by 0.29% to $1.09 trillion as of writing on Wednesday, October 18, and its volume over the past 24 hours fell by 27.87% to 44.97 billions of dollars. Meanwhile, Bitcoin dominance increased by 0.51% from yesterday to 51.12%.
The top 4 cryptos today are
Pepe Coin slips 6%
THE Pepe Coin Price fell by 5.94% on October 18 and was trading at 0.000000634 at the time of writing. The crypto’s market cap fell by 5.92% to $248.56 million, and its volume from yesterday fell by 33.39% to $45.97 million. Notably, during the last quarter, the price of PEPE increased systematically refused as it followed a descending channel pattern.
Toncoin (TON) adds 9%
Toncoin price rose 9.21% to trade at $2.13 at the time of writing on Wednesday, while its volume over the past 24 hours jumped 156.84% to 35.33 millions of dollars. The crypto was among the top gainers today and its market capitalization jumped 9.85% to $7.34 billion from yesterday. Meanwhile, there is no apparent reason for its recent increase.
OKB adds 4.%
THE OKB Price noted gains of 4.48% at the time of writing and is trading at $45.80, making it one of the top players in today’s session. The crypto’s market cap increased by 4.79% to $2.75 billion, and its one-day volume jumped 182.81% to $17.10 million.
Sui (SUI) Crypto Slides 9%
THE About prices fell 8.61% to $0.38, making it one of the biggest losers in the first trading session on October 18. The crypto market cap also decreased by 8.59% to $322.88 million. Meanwhile, the recent loss follows the Financial Supervisory Service (FSS) investigation into Sui Coin for allegedly providing false information regarding its circulation volume and stake profits. Democratic Party lawmaker Min Byung-deok criticized the Joint Board of Digital Asset Exchanges (DAXA) for its failure to take action against Sui Coin, which misled stakeholders about its circulating supply.