FOMC

Kaspa

Bitcoin

Shiba Inu

Celestia

<p>The crypto market has been highly volatile this week, as investors started walking cautiously ahead of the key events next week. Meanwhile, the market has been on a bullish run for the past few weeks, as evidenced by the price change of Bitcoin as well as other altcoins.</p> 
<p>Now, according to market experts, several traders might consider the recent downturn momentum as a “buy-the-dip” opportunity. According to analyst Michaël van de Poppe, the <a href="https://coingape.com/glossary/altcoins/" target="_blank" rel="noopener">altcoins</a> are gaining attention and might continue to perform well, given the increasing volatility in the Bitcoin price recently.</p> 
<p>So, let’s take a look at the key events next week, that can significantly impact the overall market sentiment, before exploring the top performers of this week.</p> 
<h2 id="why-is-next-week-s-fomc-minutes-important">Why Is Next Week’s FOMC Minutes Important?</h2> 
<p>Macroeconomic events tend to affect the sentiment of the global financial markets, let alone the digital asset space. Meanwhile, the recent cautious stance by the investors also suggests that the market is seeking more clarity on the recent economic performance and the Fed’s potential move with their rate hike plans.</p> 
<p>The hotter-than-expected <a href="https://coingape.com/education/what-is-inflation-what-causes-it-and-its-effects-4-examples-of-inflation/" target="_blank" rel="noopener">inflation</a> has dampened the market sentiment throughout the year, with increasing interest rates forcing investors to run for the hill. However, the recent economic data, especially the U.S. <a href="https://coingape.com/glossary/consumer-price-index-cpi/" target="_blank" rel="noopener">Consumer Price Index (CPI)</a> and Producer Price Index (PPI) data showed that the inflation had cooled in October.</p> 
<p>However, despite the cooling CPI and PPI data, the inflation remained higher than the Fed’s 2% target range, which has weighed on some investors’ sentiment. Some investors still anticipate that there is room for the U.S. Central Bank to push the policy rates higher.</p> 
<p>Now, investors are eagerly waiting for the Minutes of the Fed’s October FOMC meeting, which would shed light on the potential future stance of the Federal Reserve. The FOMC minutes, scheduled for Tuesday, November 21, will be closely watched by the market participants for cues on the current economic health.</p> 
<p>In addition, the consumer sentiment data is also scheduled for Wednesday next week, which would provide insights into the current sentiment of the market. According to market watchers, these data could trigger a potential rally in the market or vice-versa.</p> 
<h2 id="how-the-crypto-market-is-performing">How The Crypto Market Is Performing?</h2> 
<p>As said earlier, the <a href="https://coingape.com/glossary/cryptocurrency/" target="_blank" rel="noopener">cryptocurrency</a> market has been volatile lately, especially after BlackRock filed for Spot Ethereum ETF earlier this week. Notably, soon after the filing, a sell-off was witnessed in the crypto market.</p> 
<p>As of writing on November 18, the global crypto market cap was down 0.43% over the last 24 hours to $1.38 trillion, with the total market volume declining 23.34% to $53.32 billion. However, the crypto market fear and greed index stood at 72, indicating a bullish sentiment in the market.</p> 
<p>Among individual cryptos, the <a href="https://coingape.com/price/bitcoin/" target="_blank" rel="noopener">Bitcoin price</a> has erased some of its recent losses and added 0.22% to $36,470.42 during writing. However, in the last seven days, its price fell over 1.5%. Simultaneously, the <a href="https://coingape.com/price/ethereum/" target="_blank" rel="noopener">Ethereum price</a> lost around 6% over the past week.</p> 
<p>In addition, the <a href="https://coingape.com/price/xrp/" target="_blank" rel="noopener">XRP price</a> plunged nearly 10% over the past week, with the <a href="https://coingape.com/price/cardano/" target="_blank" rel="noopener">Cardano price</a> declining around 5% in the last seven days. In contrast, the <a href="https://coingape.com/price/solana/" target="_blank" rel="noopener">Solana price</a> has added around 1.5% over the week.</p> 
<p>The meme coin segment showed mixed performance, with the <a href="https://coingape.com/price/dogecoin/" target="_blank" rel="noopener">Dogecoin price</a> rising over 6% this week. On the other hand, the weekly <a href="https://coingape.com/price/shiba-inu/" target="_blank" rel="noopener">Shiba Inu price</a> was down around 7% over the past seven days.</p> 
<h2 id="top-altcoins-this-week">Top Altcoins This Week</h2> 
<h3 id="celestia-tia-jumps-92">Celestia (TIA) Jumps 92%</h3> 
<p>The <a href="https://coingape.com/education/what-is-a-celestia-coin/" target="_blank" rel="noopener">Celestia crypto</a> was among the top percentage gainers this week, adding over 93% in its price over the last seven days. Meanwhile, during writing, the Celestia price added 13.35% from yesterday and traded at $6.63, while its one-day volume plunged 0.56% to $519.93 million.</p> 
<figure id="attachment_164875" aria-describedby="caption-attachment-164875" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-164875" src="https://coingape.com/wp-content/uploads/2023/11/Celestia-TIA-Crypto-Chart-18-11-23-1.png" alt="Celestia (TIA) Crypto Chart" width="991" height="622" srcset="https://coingape.com/wp-content/uploads/2023/11/Celestia-TIA-Crypto-Chart-18-11-23-1.png 991w, https://coingape.com/wp-content/uploads/2023/11/Celestia-TIA-Crypto-Chart-18-11-23-1-300x188.png 300w, https://coingape.com/wp-content/uploads/2023/11/Celestia-TIA-Crypto-Chart-18-11-23-1-768x482.png 768w, https://coingape.com/wp-content/uploads/2023/11/Celestia-TIA-Crypto-Chart-18-11-23-1-150x94.png 150w" sizes="(max-width: 991px) 100vw, 991px">
 <figcaption id="caption-attachment-164875" class="wp-caption-text">
  Celestia (TIA) Crypto Chart
 </figcaption>
</figure> 
<h3 id="kaspa-soars-50">Kaspa Soars 50%</h3> 
<p>Another top-performing altcoin from this week was Kaspa (KAS), which witnessed a surge of over 50% in its price this week. In addition, the Kaspa price was up 9.66% to $0.1311 during writing, and its volume over the last 24 hours plunged 20% to $166.94 million.</p> 
<figure id="attachment_164876" aria-describedby="caption-attachment-164876" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-164876" src="https://coingape.com/wp-content/uploads/2023/11/Kaspa-KAS-Crypto-Chart-18-11-23.png" alt="Kaspa (KAS) Crypto Chart" width="960" height="612" srcset="https://coingape.com/wp-content/uploads/2023/11/Kaspa-KAS-Crypto-Chart-18-11-23.png 960w, https://coingape.com/wp-content/uploads/2023/11/Kaspa-KAS-Crypto-Chart-18-11-23-300x191.png 300w, https://coingape.com/wp-content/uploads/2023/11/Kaspa-KAS-Crypto-Chart-18-11-23-768x490.png 768w, https://coingape.com/wp-content/uploads/2023/11/Kaspa-KAS-Crypto-Chart-18-11-23-150x96.png 150w" sizes="(max-width: 960px) 100vw, 960px">
 <figcaption id="caption-attachment-164876" class="wp-caption-text">
  Kaspa (KAS) Crypto Chart
 </figcaption>
</figure> 
<h3 id="avalanche-adds-49">Avalanche Adds 49%</h3> 
<p>The <a href="https://coingape.com/price/avalanche/" target="_blank" rel="noopener">Avalanche price</a> noted a slump of 3.17% over the last 24 hours and traded at $21.20 during writing on November 18, while its volume plunged 49.86% to $990.38 million. However, over the last seven days, the price of the crypto jumped over 48% at its current price. It has also touched its 30-day high of $24.54 on Friday, November 17.</p> 
<figure id="attachment_164874" aria-describedby="caption-attachment-164874" style="width: 100%" class="wp-caption aligncenter">
 <img decoding="async" class="size-full wp-image-164874" src="https://coingape.com/wp-content/uploads/2023/11/Avalanche-AVAX-Chart.png" alt="Avalanche (AVAX) Chart" width="968" height="626" srcset="https://coingape.com/wp-content/uploads/2023/11/Avalanche-AVAX-Chart.png 968w, https://coingape.com/wp-content/uploads/2023/11/Avalanche-AVAX-Chart-300x194.png 300w, https://coingape.com/wp-content/uploads/2023/11/Avalanche-AVAX-Chart-768x497.png 768w, https://coingape.com/wp-content/uploads/2023/11/Avalanche-AVAX-Chart-150x97.png 150w" sizes="(max-width: 968px) 100vw, 968px">
 <figcaption id="caption-attachment-164874" class="wp-caption-text">
  Avalanche (AVAX) Chart
 </figcaption>
</figure> 
<p>&nbsp;</p> 
<p>The post <a rel="nofollow" href="https://coingape.com/here-top-altcoins-to-watch-with-next-week-fomc-minutes-in-focus/">Here’s Top Altcoins To Watch With Next Week’s FOMC Minutes In Focus</a> appeared first on <a rel="nofollow" href="https://coingape.com">CoinGape</a>.</p>

Here’s Top Altcoins To Watch With Next Week’s FOMC Minutes In Focus

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