Written by Amira Shehata
Saturday, February 11, 2023 11:09 AM
According to outlookindia, the bearish trend in the cryptocurrency market continued on February 11, 2023, as losses in Bitcoin (BTC) and Ethereum (ETH) moved the market lower.
The global market capitalization of cryptocurrencies reached $1.01 trillion, down 0.21% from the previous day, according to Coinmarketcap.com, and over the past 24 hours, the total cryptocurrency market volume reached $52.26 billion, down 29.86%.
Cryptocurrency prices
Bitcoin: There was a 0.66% decrease in the price of Bitcoin to $21,693.95, despite gradually recovering from yesterday’s losses, Bitcoin price moved into the red again on February 11, 2023, and prices have been very volatile since then, the lowest price of BTC was $21,539.39, as BTC trading volume fell 16.32% to $25.409 billion.
Ethereum: Ethereum price fell by 1.46% to $1519.80 in the last 24 hours on Saturday morning, Ethereum price fell rapidly on February 10, 2023, from $1542 to $1521 within half an hour, then its trading volume levels increased from $10.05 billion to $10.33 billion.
The lowest price for ETH was around $1,504.83, with ETH trading volume down 19.22% to $7.80 billion.
other alternative currencies
While the price of Ripple rose by 0.18% to $0.383, while its trading volume decreased by 45.80% in the 24-hour trading period.
Cardano (ADA) rose 1.02% to $0.3607, after declining by 13.41%. The 24-hour trading volume was $319.87 million.
Binance (BNB) rose 0.82% to $307.40.