Ethereum volume slumps to $4.6 billion as Bitcoin trades $66 billion

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Analysis: Ethereum stood at $2,256 on Sunday evening, but daily trading volume fell to $4.63 billion, a quarter of the previous day. Relative to its size, Bitcoin traded two and a half times as actively on the same day.Add as a preferred source on GoogleFollow on Google NewsWhat is established: daily trading volume in Ethereum fell to $4.63 billion on Sunday, after $19.53 billion on Saturday. Our assessment follows further down: a market that moves this little supply loses its depth first and its direction only later. The price itself stood at $2,256 on Sunday evening, almost exactly where it was on Saturday evening. What makes the day interesting is therefore not the price move but what was missing behind it: volume. For anyone who wants to buy, sell or hold a leveraged position over the coming days, that is the more important number. Ethereum price on Sunday evening: $2,256 with a $23.51 daily range Ethereum traded at $2,256.27 on Sunday, November 1, at around 11:40 pm German ...