In Monday’s trade, there was a mixed bag of unfavourable sentiment surrounding the crypto coins. XRP, BNB, Cardano, Dogecoin, Polygon, and Toncoin were trading in the green, while Bitcoin, Ethereum, Solana, Polkadot, and Tron were trading in the red.

In the meantime, the value of the world’s cryptocurrency market fell by 0.14% to approximately $1.32 trillion over the previous day.

Bitcoin was down 0.6% at $34,915, while Ethereum was trading below $1,900. Over 9% jumped in XRP.

In the last day, the price of Bitcoin has been circling around $35,000. This volatility can be explained by traders selling their Bitcoin gains and reinvesting the proceeds in altcoins. An additional possible contributing reason would be the United States’ announcement of a 150,000 job increase in October, which was less than the 180,000 economists had forecast and a decrease from the 297,000 jobs reported in September.

Meanwhile, the US Federal Reserve’s rate hold has spurred a rally in key cryptocurrency tokens during the past week. Ethereum increased by 5%, whereas Bitcoin increased by over 2%. Over 17% was gained by XRP, Solana, and Cardano.

The crypto fear and greed index increased 4 points from yesterday to be within the greed zone with a score of 74/100, indicating that investor mood has improved following the recent rally from last week. Although the current price surge may appear fleeting, market watchers are observing indications of long-term demand fueling the cryptocurrency upswing.

Currently, DeFi’s total volume is $4.31 billion, or 11.28% of the 24-hour volume of the entire cryptocurrency market. At $32.74 billion, the total value of stablecoins represents 85.76% of the 24-hour volume of the cryptocurrency market.

The largest cryptocurrency in the world, Bitcoin, had a fall in market capitalization to $682 billion in the past day. Currently, 51.8% of the market is made up of Bitcoin, according to CoinMarketCap. The volume of BTC increased by 29% to $12.4 billion in the last day.

The dominance of BTC decreased by more than 1.5%, suggesting chances for altcoins to flourish. Support has also been discovered for ETH dominance, which may indicate a resurgence.