Kenne Michael 
Friday, November 10, cryptocurrency prices opened the day in the green, notwithstanding the cautionary statement issued by Fed Chair Jerome Powell regarding the potential need for additional interest rate hikes to curb inflation.
In the meantime, the market has disregarded concerns regarding the possibility of a rate increase by the U.S. Central Bank to reduce inflation to their target rate of 2%.
Despite commending the deceleration of inflation in the United States, Powell maintained apprehension regarding the effectiveness of the recent policy interventions.
Significantly, his remark has also sparked conjecture on the market as a whole regarding the prospective position of the Federal Reserve.
Notwithstanding these optimistic signs, the cryptocurrency market maintained its ascent on Friday.
As of this writing, the price of Bitcoin had increased by 0.49% to $36,752.55, and its 24-hour trading volume had increased by 62.49% to $35.02 billion.
The price of Ethereum experienced a substantial increase of 10.53% and was valued at $2,123.86.
Its trading volume surged by 204.62% to reach $25.42 billion.
Concurrently, its market capitalization increased by 10.57% to $255.53 billion.
In addition, the volume of BNB increased by 188.27% to $1.17 billion, while its price increased by 2.12% to $256.30.
The price of Solana increased by 6.88% to $47.23, whereas the price of Cardano rose by 2.13% to $0.3741.
In contrast, the trading volume of the latter has increased 116.75% to $712.27 million, while the former has increased 147.14% to $2.91 billion.
On Friday, however, the meme coin segment was unable to sustain its positive momentum, indicating that investors are reorienting their attention away from the segment.
Dogecoin traded at $0.07402, a decrease of 3.49%, whereas its volume increased 65.55% to $973.09 million.
Conversely, the price of Shiba Inu experienced a 2.32% decrease to $0.000008424, whereas its 24-hour volume surged 81.29% to $293.32 million.
In contrast, the upswing of prominent cryptocurrencies precipitated a substantial recovery in the crypto market as a whole.
With a value of $1.4 trillion, the global crypto market cap rose 2.35%, and the market fear and greed index peaked at 77, signifying a “greed” sentiment.
The total market volume of cryptocurrencies increased by 95.07% in the preceding 24 hours, reaching $95.46 billion.
Today’s Top Four Cryptocurrencies
Pepe Coin Remains Flat
Similar to the majority of prominent meme coins in trading today, the Pepe Coin experienced a decrease of 0.15% to trade at $0.000001333.
Meanwhile, the market cap of the Pepe coin increased by 0.37% to $556.38 million, while its trading volume increased by 163.39% to $396.37 million.
Rocket Pool (RPL) Contributes 20%
The Rocket Pool cryptocurrency experienced a significant increase in value on Friday, as indicated by its recent price surge.
In the last twenty-four hours, the price of Rocket Pool surged 20.26% to $32.70, while its trading volume exploded 623.69% to $31.40 million.
LDO (Lido DAO) Soars 18%
On November 10, the price of Lido DAO increased by 17.84% to $2.38, positioning it as an additional leading cryptocurrency by percentage gain among the main cryptocurrencies.
In addition, the crypto market cap increased by 17.93% to $2.12 billion, while its trading volume increased by 308.07% to $349.16 million.
Huobi Token (HT) Increases by 12%
On Friday, the price of the Huobi Token increased by 12.39% to $2.80, while its 24-hour volume increased by 25.73% to $30.66 million.
Moreover, its market cap increased 12.05% to $454.96 million over the last 24 hours.
The token has increased by an impressive 23% in the last thirty days.
