Category: general

The post Crypto: prices down again today appeared com. Even today, the prices of many cryptos are declining. However, there is a possibility that the recent crash could end today, potentially ushering in a new phase without significant declines for some time. The Total3 To thoroughly examine the altcoin market, it is advisable to analyze the trend of the so-called Total3, which is the total market capitalization of all altcoins excluding Ethereum, stablecoins, and of course, Bitcoin. After the peak reached on October 7, Total3 had already started to decline more than a month ago. To be honest, the initial drop merely wiped out all of September’s gains, but the issue is that this decline was followed by others. Specifically, there was one at the beginning of November, and then another, more delicate one, starting from last Friday. Due to this recent decline over the span of four days, almost 3% of this market capitalization has been lost, although today there appears to be a slight rebound underway. Taking the last seven days as a reference, XRP is at -11%, BNB at -6%, and Solana at -15%, with Bitcoin at -12%. Instead, Total3 is at -9% over the last seven days, meaning that overall altcoins have declined slightly less compared to Bitcoin. Ethereum The performance of Ethereum, on the other hand, is perfectly in line with that of Bitcoin. In fact, in recent days, the price of Ethereum in Bitcoin has consistently fluctuated between 0. 032 and 0. 034 BTC, without any jolts. It should be noted that at the beginning of November it was at 0. 035 BTC, so the only real decline of ETH against Bitcoin occurred at the start of the month. At this moment, however, Ethereum is at -38% from the all-time highs recorded in August, while Bitcoin is at -28% from those recorded at the beginning of.