Market Plunges As Cryptos Lose Momentum

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The global crypto prices witnessed a marginal downfall as of today, October 27, as the crypto market cap plunged by 1.37%, reaching a total of $1.25 trillion.

As of writing, the market prices contradict the so-called sentiment of the “Uptober” rally, a term given to the burgeoning price surge of cryptos, over the month of October.

In crypto prices, Bitcoin (BTC) price is down by 1.57% in the past 24 hours, reaching $34,071 as of Today. While there has still been a 16.80% increase in the price over the past seven days, the total trading volume went down by 21.01% in the past 24 hours.

Furthermore, the second largest crypto by market cap, Ethereum witnessed a marginal fall of 0.51%, reaching $1,793 as of Today. While the total trading volume witnessed a substantial increase of 16.67%, the market fell by 0.42%, reaching $215,800,498.

Concurrently, the Pepe Coin price also experienced a slight downfall of 0.55%, reaching $0.000001196 as of Today, October 27. While the coin witnessed drastic price surges during the recent sessions, the current price is comparatively low. Moreover, the trading volume is also down by 17.48%.

On the other hand, BNB price witnessed a slight increase of 0.46% over the past 24 hours, reaching $224.80 as of Today, October 27. The market cap is up by 0.53% whereas the total trading volume experienced a sight decrease of 0.74%.

Also Read: US PCE: Bitcoin, Ethereum Retrace Ahead Of Inflation Data; Wall Street Estimates

The Top 4 Cryptos Today Are:

FLOKI Price Upsurges

According to data portrayed by market charts, FLOKI price witnessed substantial gains in its price and is up by 24.57% in the past 24 hours. The current price is capped at $0.0000392, while the price jumped by a whopping 112.88% over the past week, as a result of the recent announcement by FLOKI, upgrading its BSC and ETH contract addresses. The trading volume also witnessed a notable rise of 91.50%, reaching $319,524,409 as of Today.

FLOKI Chart

NEO Price Ascends

The NEO Token experienced marginal gains over the past 24 hours and reached a new high of $8.3 as of Today, October 27. However, the total trading volume witnessed a substantial increase of a whopping 100.06%, reaching $77,789,338 over the past 24 hours, with a 23.80% increase during the past week.

NEO chart

BGB Price Surges

The Bitget Token price (BGB) rose by 2.74% over the past 24 hours, reaching $0.459 as of Today, October 27. The price rise comes in alignment with the recent announcement of 2:1 Swap of tokens BFT and BGB respectively. The total trading volume burgeoned by 6.80% over the past 24 hours, reaching $19,476,155 as of Today.

RUNE Witnesses Marginal Gains

The THORChain Price (RUNE) upsurged marginally by 1.69%, reaching a new price of $2.30 as of Today, October 27. Furthermore, even the trading volume witnessed marginal gains and increased by 10.31% over the past 24 hours, reaching $140,673,269, portraying minimal yet significant gains.

RUNE Chart

Also Read: Ethereum Developers Delay the Security Enhancing Dencun Hardfork, Here’s Why

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