Bitcoin, Ether Trading Volumes Fell More Than 77% in Nov. 1 Records

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. Other recent measures of trading activity included an 82.2% drop in Coinbase Prime volume and lower Bitcoin activity across regional trading sessions . Enna Lee reports on investing and digital-asset markets for TokenPost.

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