Bitcoin Price and Ethereum - US CPI Figures in the News
During the early Asian session, major cryptocurrencies were trading in the negative, as the global crypto market cap fell 0.05% on the previous day to $918.19 billion. Over the last 24 hours, overall crypto market volume fell 9.88% to $44.13 billion.
The overall volume in DeFi was $2.40 billion, accounting for 5.44% of the total 24-hour volume in the crypto market. The overall volume of all stablecoins was $41.54 billion, accounting for 94.13% of the total 24-hour volume of the crypto market.
Bitcoin, the leading cryptocurrency, has gained 0.21% after losing more than 6% in the previous seven days. Ethereum, on the other hand, is still trading below $1,300 (the psychological level), having lost nearly 6.19% this week.
Huobi Token (HT), Terra (LUNA), and OKB (OKB) continued to be the top performers in the Asian session. Huobi's price has risen by more than 12% to $7.31, while Terra's price has risen by 5.06% to $2.68. In contrast, OKB rose 1.65% to $16.68.
The TerraClassicUSD price has remained bearish, falling 22.36% to $0.0455 in the last 24 hours. The trading sentiment in the cryptocurrency market is slightly negative, and digital assets are struggling to rise. As a result, we have a good opportunity to enter positions, especially given how oversold the markets are.
Here are some of the events that stood out in the crypto news section:
The US Dollar Index (DXY) has moved to 113.20 after breaking a five-day rise with slight losses the day before. The US dollar index against the other six major currencies was flat on Thursday, before the release of the crucial US Consumer Price Index (CPI) data for September, failing to justify recent hawkish Fed bets and cheery Fed governor comments.
The greenback's value retreated after
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