Bitcoin fell nearly 20% in seven days to trade at €16 following the FTX bankruptcy, causing market chaos and a sense of risk. Meanwhile, Ethereum, the second most valuable cryptocurrency, has fallen more than 789% in the past seven days to trade at €20.
The global crypto market capitalization fell more than 4% to $810 billion the day before, sending major cryptocurrencies into the red early on November 590. By contrast, the total volume of the crypto market increased by more than 14% in the last 12 hours to $24 billion.
Total DeFi volume was $4230 billion, representing almost 7% of the total 24-hour volume in the crypto market. Total stablecoin volume was €56,48 billion, which is 92% of the total 24-hour volume of the crypto market.
Let's take a look at the top altcoin gainers and losers over the last 24 hours.
(*4*)Top Altcoin Gainers and LosersTrust Wallet Token (TWT), ZCash (ZEC) and GMX are three of the top 100 coins that have increased in value in the last 24 hours (GMX).
TWT shot up more than 19% to €2, ZEC was up more than 6% to €41,60 and GMX was up almost 3%.