Crypto Market Update Nov 7: HIPPO Surge 325%, DeAgentAI Rose 310%

Crypto Market Update Today: Should You Buy or Wait Amid Fear Index 24?

Overall Crypto Market Update:

• The global cryptocurrency market cap stands at $3.47 trillion, marking a 1.7% decline in the last 24 hours.

• Daily trading volume reached $171B

• Bitcoin remains the leader with a 58.3% dominance, while Ethereum holds a 11.5% share.

• A total of 19,313 cryptocurrencies are currently being tracked.

• The largest gainers in the industry are Polkadot and XRP Ledger Ecosystem.

Major Crypto Events Today

Source: Forex Factory

24 Hour Crypto Market Update

Bitcoin (BTC) and Ethereum (ETH) Price:

• Bitcoin is currently priced at $101,740, representing a 1.1% fall in the past 24 hours. With $65.2 billion in trading volume and a $2 trillion market cap.

• Ethereum trades at $3,321.71, dips 1.8% in the last 24 hours, with a $400 billion market cap and $34 billion in trading volume.

Top 5 Trending Coins in 24 Hours:

• Filecoin (FIL), priced at $2.18, surged 63.7% with a TV of $1.09B,  

• DeAgentAI (AIA) at $6.84 soared 309.7% with a TV of $114.3 M.

• Zcash (ZEC) at $554.76 jumped 17% with a TV of $1.76 billion.

• Pudgy Penguins (PENGU) at $0.01456, dipped 3.5% with a TV of $200.4 million

• Internet Computer (ICP) at $6.54, gained 11.5% with TV of $1.04 billion

Top 3 Gainers:

• HIPPO surged to $0.0097 with a volume of $138.5 million, hits 325.4%, 

• AIA (DeAgentAI) climbed to $6.84 with a trading volume of $114.3 million, rising 309.9%.

• SSUI (Spring Staked SUI) increased to $8.29 with a volume of just $328,000, up 305.9%.

Top 3 Losers:

• JELLYJELLY (Jelly-My-Jelly) dropped 61.7% to $0.0722 with a TV of $107 million.

• Humanity (H) fell 42.3% to $0.113 trading activity remains at $107.9 million.

• Firepool (FIRE) declined 41.5% to $0.05229 with a trading activity of $3.66 million.

Stablecoins and Defi Update:

• Stablecoins hold a market cap of $312 billion with $134 billion in trading volume, representing a 0.2% positive change.  

• The DeFi market cap stands at $122 billion, down 3% in the last 24 hours, with a trading volume of $8 billion. DeFi dominance remains at 3.6%.

Fear and Greed Index Today

Source: Alternative Me

The Crypto Fear & Greed Index currently shows Extreme Fear at 24, down from 27 yesterday and 29 last week, indicating an increasing level of caution among investors. Last month, the index was at 60 (Greed). This sharp drop reflects uncertainty and recent negative sentiment in the cryptocurrency.

Latest Market News Today

1. Prediction Markets Gain Momentum

• Bernstein predicts that prediction markets will enter mainstream finance, driven by growing capital, users, and regulation.

• Robinhood saw $2.3B volume in Q3, $2.5B in October, implying a $300M annual revenue run rate.

• Coinbase plans to launch prediction markets by year-end; Google will integrate Polymarket and Kalshi data into Finance search results.

2. Cathie Wood Lowers Bitcoin Forecast

• Ark Invest CEO Cathie Wood reduces her 2030 Bitcoin target from $1.5M to $1.2M, citing rapid stablecoin growth in payments and emerging markets.

• Stablecoin market cap hit $300B in 2025, rising 100% from 2024.

• Wood remains bullish on Bitcoin long-term amid institutional adoption and ARK’s $500M Bitcoin ETF inflows.

3. Cipher Mining Prices $1.4B Notes

• Cipher Mining subsidiary Cipher Compute issues $1.4B of 7.125% senior secured notes, maturing 2030, to fund Barber Lake data center.

• Notes are privately sold to qualified institutional buyers, secured by company assets and guarantees.

• Settlement expected on November 13, supporting timely project completion.

4. YZi Labs Invests in Funes

• YZi Labs backs Funes, an AI-powered platform creating a 3D digital archive of human architectural heritage.

• Funes has cataloged ~1,000 models, using crowdsourced photogrammetry and AI to preserve temples, monuments, and modern structures.

• Investment supports modeling, AI integration, and an interactive online experience.

5. Morpho Experiences Service Interruption

• Morpho, a universal lending network, faced a partial outage on November 6, affecting app rendering, backend services, and indexer functions.

• Backend issues and indexer delays resolved; full application rendering still affected, per official status page.

6. Trump Warns on Tariffs

• Trump says if the Supreme Court strikes down his tariffs, America could “pay back trillions” from trade deals.

• Experts clarify U.S. importers may get ~$90B refunds; tariffs largely impact American consumers.

7. US Government Shutdown Update

• Politico reports GOP plan could reopen government after 37-day shutdown.

• Market observers call this “bullish” for stability and crypto assets.

CoinGabbar’s Opinion

Given the current Extreme Fear sentiment (Index 24) and a 1.7% decline, it’s wiser for investors to wait before making new entries. Short-term volatility remains high, but long-term opportunities persist—especially once stability returns and Bitcoin regains momentum above key support levels.

Disclaimer: Coingabbar provides informational content on cryptocurrencies, NFTs, and other decentralised assets. This is not financial advice. Users, please DYOR, understand the risks, and consult financial professionals before investing. CoinGabbar is not responsible for any financial losses. Crypto and NFTs are highly volatile—invest wisely.