Cryptocurrency prices were in the red with Bitcoin (BTC), Ethereum (ETH), and other altcoins falling on Saturday morning. Today’s most trending crypto was Frontier (FRONT), which is a decentralised finance (DeFi) aggregator.
The crypto market cap fell about 1.28 per cent to $946.58 billion but its trading volume was down by 6.62 per cent to $51.87 billion, according to data from Coinmarketcap.com at 8.30 am.
Today’s top gainer was Ripple (XRP); it was up 6.29 per cent at $0.5186. The top loser was Reserve Rights (RSR), which was trading at $0.008075 with a 10.97 per cent decrease in the last 24 hours to Saturday morning.
Bitcoin: BTC fell 2.37 per cent to $19,532.37.
BTC could not sustain trading at $20,000 levels and gave up sometime around 5.54 pm on October 8 and crashed down to $19,592 and even lower within a span of 40 minutes. BTC has still not yet recovered its earlier price levels and continues to trade near its intraday’s lowest price point.
Its lowest intraday trading price was $19,395.79, while its volume was down by 9.57 per cent at $28,724,800,359.
Ethereum: Ethereum’s price fell 1.77 per cent to $1,333.41 in the last 24 hours to Saturday morning.
Like BTC, ETH too came crashing down from $1,356 price levels to around $1,329 price levels sometime around 6 pm on October 8. However, around 8.29 pm, there was an unsuccessful attempt by ETH buyers to lift its price and at that moment the price managed to recover to $1,345 levels too. But ultimately ETH succumbed to high selling pressure and as a result its price fell even lower.
The lowest price for ETH was $1,321.75. ETH’s trading volume was up by 0.87 per cent at $10,982,955,980.
Other Altcoins: Solana’s (SOL) price was down by 2.2 per cent at $32.90 today.
Ripple (XRP) was up by 6.29 per cent at $0.5186 and its 24-hour trading volume was up by 36.78 per cent at $2,609,906,826.
Cardano (ADA) fell 0.85 per cent to $0.4248. Cardano’s 24-hour trading volume rose 5.64 per cent to $416,906,979.
Binance (BNB) was down by 1.7 per cent to $281.16. Its 24-hour trading volume was down by 13.14 per cent at $895,903,120.
Dogecoin (DOGE) fell 1.78 per cent at $0.06236. Its 24-hour trading volume was down by 17.05 per cent at $302,596,087.
Shiba Inu was down by 0.65 per cent to $0.00001114.
Decentralised Finance (DeFi)
Yearn.Finance (YFI) fell 1.07 per cent to $8,112.60. Its 24-hour trading volume was down by 7.44 per cent at $18,014,603.
Avalanche (AVAX) was down by 0.77 per cent at $16.97 and its 24-hour trading volume was down by 7.98 per cent at $157,366,303.
Aave (AAVE) was trading with a loss of 2.52 per cent at $75.91 and its 24-hour trading volume was down by 11.57 per cent at $78,713,825.