TerraClassicUSD (USTC) managed to rise 24.2% on Friday morning to trade at $0.0465, according to data from Coinmarketcap.com. Meanwhile, Bitcoin (BTC) fell 2.13%, Ethereum (ETH) fell 2.79%, and Toncoin (TON), the one that accumulated the greatest losses (13.32%), stood at $1.62.
During the day, the table of the 50 main cryptocurrencies was painted red, with some notable exceptions apart from USTC such as Dogecoin (DOGE), which managed to recover to maintain its bullish streak this week, and Minifootball (MINIFOOTBALL), which continues to gain popularity.
Crypto Market Drops Below $1 Trillion Again
The overall market capitalization fell below $1 trillion. The 2.02% drop reduced the value of cryptocurrencies to $980.02 billion, while trading volume hit $88.11 billion (14.91%) as of 8:30 a.m. (GMT + 5:30).
Other altcoins trading in the red include Solana, Cardano, Litecoin (LTC), Uniswap (UNI), Near protocol (NEAR), and others. BTC fell to a low of $20,086.07, losing the previous day’s gains. Ethereum, which was trading at a loss, traded at $1,494.21.
However, the trading volume of ETH saw an increase of 16.64% to $31,660,073,991. Although the strong volatility of the cryptocurrency during the day limited its trading in general.
Solana, Ripple, and Cardano Also Saw Losses
Other altcoins also saw a sharp pullback on Friday. Solana (SOL) fell 2.49% to $30.60 and Ripple (XRP) lost 2.18% to $0.4624. Its trading volume in the last 24 hours decreased by 5.16% to $1,502,722,620.
Likewise, Cardano (ADA) lost 5.38% to settle at $0.3841, and its trading volume fell in the last 24 hours by 8.25% to $691,092,279. Binance (BNB) fell 1.08% to $286.54 and its trading volume decreased 16.57% to $855,145,123.
As for meme coins, Dogecoin (DOGE) lost 1.79% to $0.07343, and over the past 24 hours saw trading volume up 69.66% to hit $2,651,999,770. Shiba Inu, on the other hand, fell $5.19 to $0.00001044.
Other coins that posted declines were Yearn.Finance (YFI), down 3.67% to $8,000.98 with trading volume down 0.48% to $34,232,062. Avalanche (AVAX) fell 0.87% to $16.94 and increased its 24-hour trading volume by 9.35% to $363,317,875.
Also on Friday, Aave (AAVE) lost 2.85% to $82.35 and its 24-hour trading volume decreased 20.79% to $135,458,852.
Sourced from dailycoin.com.
Written by
by Santiago Contreras on 2022-10-28 16:00:40.
