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Bitcoin and Ether Falls as Binance Coin and Tether Rises

By J.Austine Nov. 8, 2021, 4:57 p.m.
Bitcoin and Ether Falls as Binance Coin and Tether Rises

The world's mother cryptocurrency, Bitcoin, has fallen below the $62,000 mark as of Saturday, 6 October. This is despite the coin touching an all-time high of $66,000 last month. Furthermore, the market capitalisation of the coin declined by almost 0.87 percent on Saturday over the last 24 hours.

World's mother cryptocurrency, Bitcoin falls

At the time of crafting this article, one Bitcoin is priced at 61,167 U.S dollars. This is based on statistics available on CoinMarketCap. Currently, Bitcoin's dominance stands at 42.72%, a decrease of 0.2 per cent over the day. The second largest coin after Bitcoin is also not on the safe side. Ethereum has also fallen by 1% over the last 24 hours as per CoinMarketCap. At the time of writing this article, one Ether coin is priced at $4,488. Just recently, last week, Ether hit a $4,500 mark.

Meanwhile, on Friday, November 5, the global cryptocurrency market cap stood somewhere around $2.71 trillion. It had however gone down by 0.31 percent as compared to the previous day's standing. Again, the crypto market volume also went down by 8.28% over the course of the last 24 hours. Remember all this is according to data available on CoinMarketCap's website. The total volume of the Crypto market stands at $124.96 billion by the time of writing. Other famous coins like Shiba Inu, Solana, Polkadot and Dogecoin also went through cuts. Shiba Inu specifically hasn't had a smooth run over the last few days. The coin lost it's spot in the top 10 list and dropped to number 11 after suffering a dip in the last 24 hours. To add, the coin suffered a 5.25% dip in the last 24  hours. Not impressive, right? However, Binance Coin and Tether rose marginally.

Phoenix Global, the top gainer

Additionally, Phoenix Global emerged the top gainer in the crypto market on Friday 5, October. The altcoin surged up to 3, 016.20 per cent priced at $0.8844. GreenMoonZilla appeared at the second spot, priced at $0.00001357 and up by 415.50 per cent over the last 24 hours. Ethereum Meta, valued at $0.000005427 per token, continued its upward trend and came third with a surge of 400.29 per cent in the last day.

For losers, the top spot went to CVCoin.

As far as losers were concerned, the top spot went to CVCoin. The price of one token went down by 60.94 per cent and traded at $1.54. Santa Coin and MetaShib Token came second and third in the chart. The coins decreased by 60.06 and 53.14 per cent respectively during the course of the last day.

Top 6 Cryptocurrency Gainers (According to Data from CoinMarketCap)

Phoenix Global: $0.8844 - up by 3,016.20 per cent in the last 24 hours
GreenMoonZilla: $0.00001357 - up by 415.50 per cent in the last 24 hours
Ethereum Meta: $0.000005427 - up by 400.29 per cent in the last 24 hours
Squidanomics: $0.00000001387 - up by 289.65 per cent in the last 24 hours
Instinct: $0.00414 - up by 281.21 per cent in the last 24 hours
Candela Coin: $0.02883 - up by 257.57 per cent in the last 24 hours

Top 6 Cryptocurrency Losers (According to Data from CoinMarketCap)

CVCoin: $1.54 - down by 60.94 per cent in the last 24 hours
Santa Coin: $0.00000006133 - down by 60.06 per cent in the last 24 hours
MetaShib Token: $0.0000003684 - down by 53.14 per cent in the last 24 hours
CardanoEvo:  $0.00004031 - down by 52.74 per cent in the last 24 hours
PolyGamma Finance: $2.45 - down by per cent in the last 24 hours

Cats Claw: $0.000003284 - down by 45.61 per cent in the last 24 hours

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