Global cryptocurrency market cap sees slight dip as trading volumes fall

11 views 11:16 am 0 Comments November 27, 2023

The leading cryptocurrency, Bitcoin, faced a minor setback as its price dropped to $37,200, a 1.4% decrease for the day. However, it maintained a 0.13% increase over the past week. Notably, Bitcoin’s trade volume significantly fell to $15.76 billion.

Ethereum, on the other hand, bucked the trend with a rise in its price to $2,042, up 2.2% for the day and 1.54% over the week. This increase came despite a 26% fall in its trade volume, which landed at $9.2 billion.

Binance Coin (BNB) felt the pressure, dropping to $228.6 after a daily decrease of 2.3% and a weekly fall of 7.4%. Its trade volume, conversely, grew by 23% to $668 million amid news of CEO Changpeng Zhao’s resignation.

Ripple‘s XRP also experienced a downturn, with its price descending to $0.606, a daily decline of 2.4% and a weekly drop of 2.2%. In contrast, Ripple’s trade volume surged by 146% to reach $1.4 billion.

Solana‘s price decreased to $55.8 due to a daily fall of 4.4%, but it still managed a weekly growth of 6.4%. Solana’s trading activity reflected this volatility, with a 28% increase in trade volume, amounting to $1 billion in trades.