Crypto Market Update Nov 7: A tremendous increase of 325% in HIPPO and 310% in DeAgentAI
Crypto Market Update Today: What to do with the Fear Index at 24?
According to the Latest Crypto Market Update Today, the global cryptocurrency market cap has reached $3.47 trillion with a decline of 1.7% in the last 24 hours.
The daily trading volume has been recorded at $171 billion.
Bitcoin ($BTC) maintains its lead in the market with a 58.3% dominance, while Ethereum ($ETH) holds a share of 11.5%.
Currently, a total of 19,313 cryptocurrencies are being tracked.
The top gainers in the market include Polkadot and the XRP Ledger Ecosystem.
Major Crypto Events Today
Crypto Market Update
Source: Forex Factory
Crypto Market Update: 24-hour crypto market update
Crypto Market Update: Check out the latest prices of Bitcoin and Ethereum
With a decline of 1.1% in the last 24 hours, Bitcoin (BTC) is currently trading at a price of $101,740. Its trading volume has been $65.2 billion and the market cap has been $2 trillion.
Ethereum (ETH) is trading at a price of $3,321.71, with a decline of 1.8% in the last 24 hours. Its market cap is $400 billion and the trading volume has been $34 billion.
Crypto Market Update Today: Top 5 trending coins
Filecoin (FIL): With an impressive increase of 63.7% in the last 24 hours, the price of Filecoin (FIL) has reached $2.18. Its trading volume has been recorded at $1.09 billion.
DeAgentAI (AIA): With a remarkable increase of 309.7%, DeAgentAI (AIA) is currently trading at $6.84. Its trading volume in the last 24 hours has been $114.3 million.
Zcash (ZEC): With a 17% increase, the price of Zcash (ZEC) has reached $554.76 in 24 hours. Its trading volume has been recorded at $1.76 billion.
Pudgy Penguins (PENGU): With a decline of 3.5% in the last 24 hours, the price of Pudgy Penguins (PENGU) has been $0.01456 and the trading volume has been recorded at $200.4 million.
Internet Computer (ICP): With a 11.5% increase, Internet Computer (ICP) is currently trading at a price of $6.54, with a trading volume of $1.04 billion.
Crypto Market Update Today: Today's top 3 gainers
HIPPO: With a remarkable increase of 325.4% in the last 24 hours, the price of HIPPO has reached $0.0097. Its trading volume has been recorded at $138.5 million.
AIA (DeAgentAI): With a 309.9% rapid increase, AIA (DeAgentAI) is currently trading at a price of $6.84. Its trading volume in the last 24 hours has been $114.3 million.
SSUI (Spring Staked SUI): With a remarkable increase of 305.9%, the price of SSUI (Spring Staked SUI) has reached $8.29. Its trading volume has been recorded at $328,000.
Crypto Market Update Today: Today's top 3 losers
JELLYJELLY (Jelly-My-Jelly): With a heavy decline of 61.7% in the last 24 hours, the price of JELLYJELLY (Jelly-My-Jelly) has come down to $0.0722. Its trading volume has been recorded at $107 million.
Humanity (H): With a decline of 42.3%, the price of Humanity (H) has dropped to $0.113. Its trading volume has been recorded at $107.9 million.
Firepool (FIRE): Firepool has recorded a 41.5% decline in the last 24 hours, now trading at a price of $0.05229, with a trading volume of $3.66 million.
Crypto Market Update Today: Stablecoins and DeFi market update
Stablecoins: A slight increase of 0.2% has been recorded in the stablecoins market in the last 24 hours. The total market cap has been $312 billion. Meanwhile, its trading volume has been recorded at $134 billion.
DeFi: The DeFi market cap is currently $122 billion, with a recorded decline of 3% in the last 24 hours. Its total trading volume has been $8 billion, while DeFi dominance remains stable at 3.6%.
Fear and Greed Index Today
Crypto Market Update
Source: Alternative Me
Crypto Market Update: Latest market news
The Crypto Fear & Greed Index is currently at 24 (Extreme Fear), down from 27 yesterday and 29 last week. This decline indicates that investors are still cautious. Last month, this index was at 60 (Greed), and the sharp decline suggests that uncertainty and negative sentiment have increased in the crypto market.
1. New momentum for Prediction Markets
Bernstein estimates that Prediction Markets are now entering mainstream finance, driven by increasing capital, users, and regulation.
Robinhood recorded a volume of $2.3 billion in Q3, while in October it increased to $2.5 billion, indicating an annual revenue run rate of approximately $300 million.
Coinbase is planning to launch Prediction Markets by the end of this year, while Google will integrate data from Polymarket and Kalshi into its Finance search results.
2. Cathie Wood has reduced Bitcoin's price target for 2030.
Ark Invest's CEO Cathie Wood has reduced her Bitcoin price target from $1.5 million to $1.2 million, citing the rapidly increasing use of stablecoins as the reason.
By 2025, the market cap of stablecoins is expected to reach $300 billion, reflecting a 100% increase compared to 2024.
Wood stated that they remain bullish on Bitcoin's long-term performance, especially after ARK's $500 million Bitcoin ETF inflow.
3. Cipher Mining has issued notes worth $1.4 billion
Cipher Mining's subsidiary Cipher Compute has issued $1.4 billion in 7.125% Senior Secured Notes, maturing in 2030.
These notes will be sold privately to Qualified Institutional Buyers, secured by the company's assets and guarantees.
Settlement is expected to occur on November 13, which will help complete the Barber Lake data center project on time.
4. YZi Labs has invested in Funes
YZi Labs has invested in Funes, which is an AI-powered platform creating a 3D digital archive of human architectural heritage.
Funes has cataloged nearly 1,000 models so far, including temples, monuments, and modern structures.
This will help improve investment modeling, AI integration, and interactive online experiences.
5. Morpho is facing service interruptions
Morpho, which is a universal lending network, experienced a partial outage on November 6. This affected app rendering, backend services, and indexer functions.
According to the company, backend and indexer issues have been resolved, but app rendering is still fully affected.
6. Trump has warned about tariffs.
Trump has stated that if the Supreme Court overturns his tariffs, the U.S. may have to "pay back trillions of dollars from trade deals."
Experts believe that U.S. importers could receive refunds of up to $90 billion, although the main impact of tariffs falls on American consumers.
7. Response to the U.S. government's shutdown
According to Politico, the GOP's new plan could reopen the government after a 37-day shutdown.
Market observers have described it as a "bullish sign for stability and crypto assets."
Crypto Hindi News Opinion
Given the current extreme fear sentiment (Index 24) and a decline of 1.7%, it is considered wiser for investors to wait before making new entries. Short-term volatility remains quite high, but long-term opportunities still persist.
Disclaimer: Through this article, Crypto Hindi News only provides information, it is not investment advice. Please DYOR, understand the risks, and consult financial professionals before investing. Crypto Hindi News is not responsible for any financial loss.
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