The cryptocurrency market rebounded today amid anticipation of upcoming FOMC meeting minutes, reigniting investor enthusiasm.
Market Overview
Cryptocurrency prices trended upward on Monday, November 20, as confidence returned to the market. Recent bullish momentum stems from optimism around potential Bitcoin spot ETF approvals and speculative trading. However, last week saw a cautious pullback as traders weighed regulatory uncertainties, erasing some gains.
Key Market Drivers
- FOMC Meeting Minutes: Investors await insights from the November 21 release, which may signal future Federal Reserve interest rate decisions.
- ETF Developments: While BlackRock filed for a spot Ethereum ETF, SEC delays on U.S. ETF approvals have fueled market volatility.
Top Cryptocurrency Performers
Bitcoin (BTC)
- Price: $37,157.93 (+1.77%)
- 24h Volume: $14B (+20.11%)
- 7-Day Trend: +0.53%
Ethereum (ETH)
- Price: $2,002.57 (+2.45%)
- 24h Volume: $7.73B (-5.46%)
XRP
- Price: $0.6239 (+2.69%)
- 24h Volume: $1B (+21.75%)
Altcoins Highlights
| Coin | Price | 24h Change | Volume |
|---|---|---|---|
| Solana | $59.98 | +3.38% | $2.04B (+11.47%) |
| Cardano | $0.3832 | +2.13% | $282.61M (-21.86%) |
| Dogecoin | $0.08025 | +2.32% | $541.48M (-55.99%) |
| Shiba Inu | $0.000008632 | +2.13% | $107.61M (-28.54%) |
Top 4 Gaining Cryptocurrencies
1. Pepe Coin (PEPE)
- Price: $0.000001229 (+8.89%)
- 24h Volume: $92.87M (+78.83%)
- 30-Day Growth: +90%
👉 Why Pepe Coin is capturing investor attention
2. Synthetix (SNX)
- Price: $3.56 (+21.14%)
- 24h Volume: $151.83M (+106.89%)
- Note: Today’s top gainer with strong upward momentum.
3. NEAR Protocol (NEAR)
- Price: $2.03 (+14.26%)
- 24h Volume: $289.68M (+60.88%)
- 30-Day Growth: +104%
4. Arweave (AR)
- Price: $8.95 (+12.03%)
- 24h Volume: $51.96M (+110.89%)
Market Metrics
- Total Crypto Cap: $1.41T (+1.79%)
- Total Volume: $39.87B (-1.12%)
- Fear & Greed Index: 74 (Greed)
FAQ
Q: What’s driving today’s crypto rally?
A: Anticipation of FOMC minutes and renewed ETF speculation are key factors.
Q: Is now a good time to invest in altcoins like PEPE?
A: While PEPE shows strong short-term growth, meme coins carry high volatility—research thoroughly.
Q: How might the FOMC minutes impact crypto?
A: Hawkish signals could dampen sentiment, while dovish tones may extend the rally.
👉 Explore real-time crypto trends on OKX
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