The top two crypto-dogs are stumbling with each passing day. Some days a peak, other days a significant decline. The last 24hrs happen to be one of the latter days with Ethereum losing as much as 1.48% while Bitcoin suffers a 0.52% decline.
On the 12th of November, Bitcoin opened at a promising trading price of $6411.76, in mid-day, the bull hit an all-time high of $6434.21, expected to topple the $6,450 to $6,500 resistance level, but hit rock bottom in split seconds and dropped way down to $6360.47 then it finally closed at $6371.27.
Bitcoin’s trading volume on BitMex exchange against the USD reached 18.71% and with the South Korean won backing it up on Coinbit to further fuel its volume to hit 5.49%, giving it a total of $4.45 billion in trading volume.
As of this writing, Bitcoin’s volatility manages to descend in small units whilst trading volume swells upward to reach $4.49 billion with a current trading price on the $6,300 level. Will Bitcoin shiver a lot harder and birth a bearish crisis? The next 24hrs will tell.
Ethereum has in the very same fashion been pulled by the bearish market affecting its trading price with up to 1.61%. Ethereum traded at $211.51 yesterday and reached a daily all-time high of $212.62. An unexpected low of $208.92 and struggled to balance its momentum with a closing price of $210.42. Today, Ethereum trades at $207.98.
Meanwhile, XRP stands tall, fearless and unshaken with a rise of $2.77. Ripple opened at $0.507833 and closed at $0.517165 in a span of 24hrs. Trading volume surged from $605 million to 667 million. Trading volume against Bitcoin hit 15.41% to birth its current trading price of $0.519298.