Crypto Market Maintains Upward Trajectory Amid Economic Uncertainty
- Bitcoin, Ethereum, and Solana show promising figures amid cautious sentiment.
- Meme cryptocurrencies like Dogecoin and Shiba Inu see gains.
Despite prevailing concerns about surging inflation, the crypto sector has continued its upward trajectory, reflecting renewed investor confidence. Bitcoin stands out as a prominent player amid economic uncertainty, closely followed by Pepe Coin.
As the fear and greed index hovers at 38, signaling cautious sentiment, major cryptocurrencies like Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) are showing promising figures. Bitcoin has reported a gain of 1.33%, bringing its price to $26,631.14. Ethereum has also appreciated by 0.89%, trading at $1,635.45, and Solana has observed an increase of 1.37%, settling at $19.19.
The meme cryptocurrency segment has not been left behind. Dogecoin has seen a 1.42% increase, trading at 0.06224, while Shiba Inu experienced a 2.25% boost to 0.000007445. Notably, the global crypto market capitalization has risen by 1.11%, reaching $1.06 trillion.
One crypto that has garnered attention is Pepe Coin, a rising meme cryptocurrency. It experienced a slight decline of 0.25%, trading at $0.0000006784. Given its rising popularity, this marginal dip appears to reflect the market’s cautious approach due to broader economic concerns.
Other Cryptos to Watch
Axie Infinity (AXS) has witnessed an impressive surge of 11.8%, trading at $4.76, indicating bullish investor sentiment. On the other hand, THORChain (RUNE) increased by 6.71%, trading at $1.72. Meanwhile, Cosmos (ATOM), after announcing the completion of its v12 upgrade, experienced a 5.89% hike, settling at $6.91.
