BTC, Pepe Coin Slip As BTT Surges Ahead of Inflation Data

The crypto prices today were in the negative territory, with investors staying on the sidelines ahead of crucial inflation data. Notably, the U.S. Labor Department is set to release the Consumer Price Index (CPI) and Producer Price Index (PPI) data, which is an important gauge to measure inflation, later this week.

Meanwhile, global investors keenly await these data, as they could shape the central bank’s future stance with their rate hike plans. Considering that, the market watchers link the recent market volatility to anticipation of these key inflation figures.

A Closer Look At The Top Crypto Prices

Talking about today’s crypto prices, the Bitcoin price noted a slump of 4.10% and settled at $42,096.48.16 as of writing on December 11. However, its trading volume over the past 24 hours rose 30.65% to $21.7 billion. Although the recent decline has raised concerns in the crypto market, the pioneer cryptocurrency has added nearly 14% over the last 30 days.

Meanwhile, the Ethereum price mirrored the same trend as Bitcoin, with a 4.89% slump, reaching $2,238.29. The trading volume over the last 24 hours increased by 10.58% to $11.46 billion. Notably, despite these short-term setbacks, Ethereum displayed strong resilience over the last 30 days, with a nearly 9% surge in its price.

In addition, the XRP price encountered a setback, registering a 5.98% decline to trade at $0.6269, with its volume falling by 17.18% to $1.70 billion. Similarly, the Solana price dropped by 4.09% to $70.31, accompanied by a 3.11% decrease in its 24-hour trading volume to $2.64 billion.

The Cardano price was down 6.88%, reaching $0.5569, reflecting the gloomy sentiment hovering over the digital asset space. Meanwhile, the meme coins segment also signaled a cautious shift among investors towards safer assets.

The Dogecoin price slight decline of 0.65, trading at $0.09982, with its volume rising by 37.78% to $1.42 billion. On the other hand, the Shiba Inu price faced a 3.27% drop, settling at $0.000009882, while its trading volume decreased by 21.31% to $363.88 million.

Meanwhile, the slump in almost all the major digital currencies, especially the top 10 crypto prices, has pulled back the market from its recent gains. As of writing, the global crypto market cap slipped 3.28% to $1.58 trillion, while its trading volume from yesterday rose 5.2% to $62.9 billion. Meanwhile, the crypto market fear and greed index stayed at 80, suggesting an “extreme greed” sentiment in the market.

Also Read: Justin Sun’s HTX Exchange Sees $250 Million Outflow, Another Exchange Collapse?

The Top 4 Cryptos For Today Are

Pepe Coin Slips 6%

The Pepe Coin price was down 5.81% as of writing on Monday, December 11, and traded at $0.000001457. The recent decline in the popular meme coin comes amid a bearish sentiment witnessed in the broader crypto market, suggesting that investors are keeping their distance from the risk-bet assets. Meanwhile, Pepe Coin’s trading volume also declined 24.12% to $189.01 million at the same time.

BitTorrent (New) (BTT) Adds 24%

The BitTorrent price has started the week on a positive note, adding 24.54% to trade at $0.000001333 during writing on Monday. Meanwhile, the surge in the crypto price was also in contrast to the overall market scenario, making it among the top percentage gainers in the crypto market. Simultaneously, its trading volume skyrocketed 224% to $342.77 million.

Injective (INJ) Advance 16%

The Injective crypto was another top percentage mover in the digital asset space on December 11, suggesting that the investors are shifting their focus towards the crypto. Meanwhile, as of writing, the Injective price was up 16.53% to $22.23 during writing, and its trading volume from yesterday jumped 122.68% to $249.79 million.

Also Read: $300 Million Liquidated As Bitcoin (BTC) and Altcoins Enter Sharp Correction, What’s Next?

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Rupam, a seasoned professional with 3 years in the financial market, has honed his skills as a meticulous research analyst and insightful journalist. He finds joy in exploring the dynamic nuances of the financial landscape. Currently working as a sub-editor and crypto journalist at Coingape, Rupam’s expertise goes beyond conventional boundaries. His contributions encompass breaking stories, delving into AI-related developments, providing real-time crypto market updates, and presenting insightful economic news. Rupam’s journey is marked by a passion for unraveling the intricacies of finance and delivering impactful stories that resonate with a diverse audience.

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The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.