Bitcoin, Ether Trading Volumes Fell More Than 77% in Nov. 1 Records
Photo: TokenPost
Bitcoin (BTC) trading volume was $43.55 billion in the Nov. 1 UTC-dated record, down 78.37% from $201.31 billion on Oct. 31. Ether (ETH) volume was $4.41 billion, down 77.42% from $19.53 billion. Bitcoin’s listed volume was about 9.9 times Ether’s on Nov. 1, while Bitcoin’s market capitalization was about 5.7 times larger. Trading volume equaled 2.80% of Bitcoin’s $1.56 trillion market cap and 1.60% of Ether’s $275.4 billion market cap, making Bitcoin’s turnover ratio about 1.75 times Ether’s. The historical records label dates in UTC but do not specify the exact cutoff used for volume.
Source: TokenPost
