Top Cryptocurrency Prices November 18: Ether flatlines, Cardano top laggard
Major cryptocurrencies were trading in the red early on November 18 even as the global crypto market cap increased 0.16 percent to $836.91 billion, over the last day. The total crypto market volume declined 14.24 percent to $52.07 billion over the last 24 hours.
The total volume in DeFi stood at $2.62 billion, which is 5.04 percent of the total crypto market 24-hour volume. The volume of all stable coins was $48.64 billion, which is 93.41 percent of the total crypto market 24-hour volume.
The price of bitcoin, world's largest cryptocurrency, hovered around Rs 14.45 lakh, with a dominance of 38.71 percent, which is an increase of 0.31 percent over the day, according to Coinmarketcap.
Also Read | Binance to relaunch bid to buy bankrupt Voyager Digital: Coindesk
In other news, Brazilian crypto advocates are urging lawmakers to give final approval on a bill aimed at boosting oversight of the sector, after the collapse of FTX – once an industry darling – raised fresh concern about unregulated digital currencies.
Roberto Dagnoni, a top executive at SoftBank-backed exchange Mercado Bitcoin, said the law had been "kind of dormant" during the election period but now needed to be a priority. Read more here.
Also Read | 'The Big Short' Michael Burry turns bullish on gold, sees contagion after FTX collapse
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