On the evening of Wednesday, crypto prices continued to decrease as the value of Bitcoin (BTC), Ethereum (ETH) dropped along with the price of other cryptocurrencies. Two meme currencies were trading at a loss: Dogecoin and Shiba Inu.
Market capitalization for all cryptocurrencies stood at $926.8 billion. During the previous 24 hours, Coinmarketcap.com reported a drop of 0.06 percent in trade volume to $51.8 billion.
With an increase of 4.3% to $82.3, Aave was the biggest gainer. At the end of Wednesday evening, Ethereum PoW had lost the most over the last day, losing 11% to $6.3.
-BTC price broke out of the downtrend since 69k.
-RSI broke out and retested trendline and 50MA
— Seth (@seth_fin) October 17, 2022
On the previous day, Bitcoin dropped 1.5% to $19,250. BTC traded erratically. A significant drop in Bitcoin’s price occurred around midnight when it fell from $19,400 to $19,153. Its trade volume also fell 1.3% to $28.4 billion at 12:55 am.
— Ethereum Yoda (@0xEthereumYoda) October 19, 2022
Ethereum’s price had dropped 1.6% over the previous day to $1,304 by Wednesday night. By 2:20 am, the price had risen significantly to $1,316. Trade volume increased by 2.9% to $9.8 billion.
How did other Cryptos perform?
A 2.1% decline in Solana’s (SOL) price was observed on October 19, 2022. In the 24-hour trading volume of $1.3 billion, XRP fell 1.5% to $0.4584, a decrease of 2.7%.
— Topcrypostats (@topcryptostats) October 19, 2022
A 0.6% increase in Dogecoin (DOGE) led to the price reaching $0.0593. There was a 33.3% increase in its 24-hour trading volume of $245.4 million. The price of Shiba Inu decreased by 1.4% to $0.00001014 as a result.
Yearn.Finance (YFI)’s share price dropped 1.9% to $7,643. The company’s daily trading volume decreased by 18.8% to $17.7 billion. There was a 3.03 percent decline in Avalanche’s (AVAX) price to $15.5 and a 5.2% decline in its 24-hour trading volume to $183.9 million. The 24-hour trading volume of Ave (AAVE) increased by 55.1% to $178.9 million on the open, and it was up 4.3% on the open at $82.4.