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Reading: Volume Dropped 37 Percent! Complex Movements in Bitcoin and Altcoins! Latest Situation in the Cryptocurrency Market!
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EdaFace Newsfeed > Latest News > Crypto News > Volume Dropped 37 Percent! Complex Movements in Bitcoin and Altcoins! Latest Situation in the Cryptocurrency Market!
Crypto News

Volume Dropped 37 Percent! Complex Movements in Bitcoin and Altcoins! Latest Situation in the Cryptocurrency Market!

vitalclick
Last updated: November 8, 2024 6:55 am
1 year ago
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Contents
Market OverviewToday’s Most Profitable and Losing CryptocurrenciesEvaluations from Analysts

Today, the crypto market has generally been volatile. Bitcoin (BTC) $75,017While , was traded in the green zone around $ 75,000, complex movements in altcoins attracted attention. In this process, Neiro (NEIRO) became the most valuable crypto asset of the day.

Market Overview

The total value of the global cryptocurrency market fell by 2.64% today, falling to $2.48 trillion. At the same time, market volume decreased by 37.63% to $134.43 billion. This indicates a possible selling pressure in the markets.

Bitcoin, Ethereum and Solana prices increased with a green movement, while XRP and Dogecoin $0.191982 experienced a decrease. Some altcoins such as MOG and Lido DAO (LDO) were trading in the red, reflecting a mixed market mood. Bitcoin (BTC) is trading at $75,851, up 1% in the last 24 hours.

Ethereum (ETH) $2,827 It rose 1.5% to $2,902. Solana (SOL) increased by 5% to $199, while XRP decreased by 1% to $0.5512. Dogecoin (DOGE) traded down 0.5%.

Today’s Most Profitable and Losing Cryptocurrencies

Neiro (NEIRO) was the biggest gainer of the day, rising 22% to $0.002443. Cardano (ADA) $0.371706 It rose 15% to $0.4282. Goatseus Maximus (GOAT) gained 10% in value. On the other hand, Lido DAO (LDO) fell 8% to $1.27, while Mog Coin fell 5% and Kaspa (KASPA) dropped 6% to $0.1131.

Evaluations from Analysts

Crypto analyst Ali Martinez, in his post on social media, stated that more than 2 billion dollars of USDT was printed in the market and new liquidity was provided. This is expected to bring fresh momentum to the crypto market.

On the other hand, positive expectations prevail that Trump will adopt pro-crypto policies with a possible election victory. These developments have created an optimistic atmosphere among investors. However, sudden fluctuations in the market cause investors to be cautious.

These fluctuations in the market continue to be elements that investors should carefully monitor in their strategies.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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