BlackRock has officially filed for an Ethereum ETF. While this news is expected to be positive for the market, on the contrary, investors are acting cautiously. As a result, crypto prices today are largely trending in negative territory. However, 3 altcoins continue to rise.
Bitcoin and major altcoins are in the red zone
As we head towards the weekend, investors appear to be closing out their positions in major cryptocurrencies. As a result, Bitcoin and most altcoin prices were in the red today. Meanwhile, the market decline began on November 16 following the news that BlackRock had officially filed with the SEC for an Ethereum ETF. Normally, this news should have supported the gains in the market, but the situation was a little different after the news.
If we talk about crypto prices, the Bitcoin price decreased by 2.66% to $ 36,422.03 at the time of writing on November 17, while the trading volume in the last 24 hours decreased by 9.21% to $ 25.59 billion. However, despite the recent declines, the price of the leading cryptocurrency is up over 29% in the last 30 days. On the other hand, the leading altcoin Ethereum price is trading at $1,984.11, down 3.36%. However, trading volume in the last 24 hours increased by 12.06% to $14.39 billion.
Meanwhile, losses in major crypto prices today erased gains from the broader market on Friday. At the time of writing, global cryptocurrency market cap is down 2.48% to $1.39 trillion. The overall market volume increased by 3.25% in the last 24 hours to 71.17 billion dollars. Specifically, the fear and greed index stands at 71. This shows that the feeling of greed prevails in the market.
While PEPE is falling, YFI, KAS and MNT are rising
Popular meme coin PEPE is on a downward trajectory
The price of popular meme-coin Pepe saw a 6.79% drop at the time of writing on Friday. Thus, the altcoin was traded at $0.000001174, reflecting the downward momentum in the overall market. Additionally, at the time of writing, the meme coin’s trading volume is down 10% to $134.53 million.
PEPE daily price chart. Source: CoinMarketCapyearn.finance (YFI) gained 9% value
Yearn.finance is showing resistance to the current bearish trend in the market. It was among the top earners in the market dominated by red. The altcoin price increased by 9.01% in the last 24 hours and reached $13,960.93. Meanwhile, trading volume increased by 48.96% to $379.43 million.
YFI daily price chart. Source: CoinMarketCapKaspa (KAS) continues its show of power
KAS has been moving northward in recent days, as evidenced by the recent increase in its price. Meanwhile, at the time of writing on Friday, the altcoin price increased by 11.07% to $0.1308. Additionally, KAS’s trading volume in the last 24 hours increased by 74.26% to 276.97 million dollars. As you follow on Kriptokoin.com, the price of the token has increased by approximately 190% in the last 30 days.
KAS daily price chart. Source: CoinMarketCapMantle (MNT) bounces off the board
MNT was another top percentage gainer that defied the odds in the broader crypto market. The altcoin price increased by 10.78% at the time of writing, reaching $0.5092. Additionally, the token’s trading volume in the last 24 hours increased by 79.27% to $135.40 million. Over the last 30 days, MNT has gained approximately 55% in value.
MNT daily price chart. Source: CoinMarketCap
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