Bitcoin and Ethereum see price rise amid market anticipation for … –|EditorAmbhini Aishwarya

Published Nov 10, 2023 02:33AM ET

Bitcoin and Ethereum experienced a rise in prices and market caps, with Bitcoin seeing a slight increase to $36,707.10 and Ethereum significantly rising by 11.25% to $2,133.67. The cryptocurrency market is currently influenced by the anticipation of Bitcoin ETFs approval and the upcoming halving event.

In the broader cryptocurrency market, tokens such as BNB, XRP, Cardano, and Dogecoin showed mixed trends today. Solana, Polka Dot, Shiba Inu, and Polygon registered weekly gains. Among the top gainers were ORDI, Rocket Pool (NASDAQ:POOL), Lido DAO, Huobi Token, and THORChain. Conversely, Conflux, Toncoin, PancakeSwap, Trust Wallet Token, and Bitcoin SV were among the biggest losers.

Stablecoins also underwent value changes today. Tether and USD Coin saw a decrease in value while Binance USD experienced an increase. DeFi tokens followed a similar pattern with Chainlink dropping in value while Wrapped Bitcoin and Dai increased. Avalanche and Uniswap also gained.

The NFT market showed varied trends with Internet Computer declining while Immutable, Stacks, Theta Network, and Axie Infinity gained in value.

The total crypto market volume surged by 85.81% to reach $95 billion today. Concurrently, the global crypto market cap increased by 3.89% to $1.4 trillion. These changes come amidst rising interest rates and potential market declines which are casting uncertainty over Bitcoin's future.

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