{"id":194560,"date":"2023-11-16T11:04:59","date_gmt":"2023-11-16T05:34:59","guid":{"rendered":"https:\/\/dripp.zone\/news\/market-rallies-as-btc-pepe-coin-rndr-surge-crypto-news\/"},"modified":"2023-11-16T11:05:01","modified_gmt":"2023-11-16T05:35:01","slug":"market-rallies-as-btc-pepe-coin-rndr-surge-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/market-rallies-as-btc-pepe-coin-rndr-surge-crypto-news\/","title":{"rendered":"Market Rallies As BTC, Pepe Coin, RNDR Surge – Crypto News"},"content":{"rendered":"

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The crypto prices today noted significant gains on Thursday, November 16, as the investors seem to have lauded the latest economic data. The U.S. Consumer Price Index and Producer Price Index, two important data to gauge inflation, have been released this week, which have fuelled confidence of the investors.<\/p>\n

The latest data showed that the U.S. inflation cooled in October, suggesting that the Federal Reserve may consider a dovish stance with their policy rate hike plans at their upcoming gatherings. Notably, the U.S. CPI has come in at 3.2%<\/a>, as compared to the market anticipation of 3.3%, while the U.S. PPI rose 1.3% in October, as compared to a 2.2% surge in the prior month. Also, the U.S. PPI data was down from the market estimates of 1.9%.<\/p>\n

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Among the crypto prices, Bitcoin price<\/a> noted gains of 5.57% to $37,480.51, with a 21.93% rise in its past 24-hour trading volume to $28.24 billion. Over the last 30 days, BTC has added around 37%, indicating the growing confidence of the investors towards the crypto.<\/p>\n

In addition, the Ethereum price<\/a> rose 3.92% to $2,055.03 on November 16, while its trading volume over the last 24 hours ticked up 2.05% to $12.85 billion. Simultaneously, the BNB price<\/a> jumped 2.98% to $252.61, with a 1.87% volume increase to $920.7 million.<\/p>\n

Talking about the other major cryptos, the XRP price<\/a> saw a 3.63% increase to $0.6518 over the last 24 hours, with a 30.82% volume decline to $1.45 billion. Meanwhile, the Solana price<\/a> advanced 15.33% to $65.48 during writing, and the Cardano price<\/a> rose 7.18% to $0.3825.<\/p>\n

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In the meme coin segment, the largest meme coin by market cap, the Dogecoin price<\/a> added 5.32% to trade at $0.07671, while its trading volume fell 18.96% to $536.52 million. Simultaneously, the Shiba Inu price<\/a> added 4.53% to $0.000008766 as of writing, and its trading volume dipped 8.16% to $166.55 million.<\/p>\n

The gains in the crypto prices have bolstered gains in the broader market on Thursday. Notably, the overall crypto market cap increased by 4.90% to $1.43 trillion, with an 8.96% volume increase to $68.91 billion on November 16. The market fear and greed index stood at 77, indicating a \u201cgreed\u201d or bullish sentiment among the investors.<\/p>\n

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Also Read: BTC Price Shoots to $38,000 Despite the SEC Delaying Spot Bitcoin ETF Approval<\/a><\/strong><\/p>\n

The Top 4 Cryptos For Today Are<\/h2>\n

Pepe Coin (PEPE) Soars 9%<\/h3>\n

The popular meme coin, Pepe Coin price<\/a> has also followed the upward trend in the broader market and has added 8.91% to trade at $0.000001259 during writing on Thursday. Its trading volume over the last 24 hours rose 38.40% to $149.60 million. Meanwhile, the crypto\u2019s price jumped over 86% over the last 30 days.<\/p>\n