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Bitcoin Reclaims $21,000 As Volume Takes A Dip


KEY POINTS

  • Bitcoin (BTC) and Ether (ETH) trading volume dropped 30% and 17%, respectively
  • The best performers include BNB, TRX, ICP and ETC
  • The worst performers are CVX, CRV, UNI and FLOW

The crypto market showed decreased volatility with the dawn of a new day as leading cryptocurrencies Bitcoin (BTC) and Ether (ETH) dropped 0.30% and jumped 0.10% respectively. 

According to data from CoinMarketCap, as of 12:51 am ET, the price of 1 BTC is $21,110 while that of 1 ETH is $1,434. The trading volume of the world’s biggest cryptocurrency dropped more than 30% in the last 24 hours while that of Ether dropped by more than 17.6%.

Interestingly, the market dominance of BTC dropped to 41.50% while that of ETH rose to 17.97%. While Ether lost the $1,500 price region over the past few days, Bitcoin lost the $23,000 price region, dropped to the $20,000 price zone, and has now reclaimed $21,000.

The best performers in the crypto space include Binance Coin (BNB) which rose by 3.3% to $252.29; Tron (TRX) which rose by 3% to $0.06537; Ethereum Classic (ETC) which rose by 7.7% to $25.30; and Internet Computer (ICP) which rose by 4% to $6.46 as of 1:02 am ET. 

The tokens with the least price fall include Ripple (XRP) which dropped by 0.44% to $0.3339; Solana (SOL) which dropped by 0.2% to $36.03; Stellar (XLM) which dropped by 0.55% to $0.1045; and VeChain (VET) which dropped by 0.52% to $0.02309 as of 1:05 am ET. 

The cryptocurrencies with the biggest price drops include Uniswap (UNI) which dropped by 4% to $6.62; Flow (FLOW) which dropped by 3% to $1.56; Curve DAO token (CRV) which dropped 4.4% to $1.13; and Convex Finance (CVX) which dropped by 5.4% $6.06 as of 1:08 am ET. 

A representation of the virtual cryptocurrency Bitcoin is seen in this picture illustration taken October 19, 2021. Photo: Reuters / EDGAR SU

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