Bitcoin falls 3.0% and ether drops 6.2% in 24 hours

Bitcoin fell 3.0% over 24 hours to R$ 413.551, while ether dropped 6.2% to R$ 11.752.34, according to Binance and CoinGecko. The prices are in Brazilian reais. Most of the major cryptocurrencies RaisLife tracks ended the period in the red.

Bitcoin and ether lead the losses

A day earlier, bitcoin was trading at R$ 426.532. The high for the period was R$ 426.771 and the low was R$ 410.751. Trading volume on Binance, a global crypto exchange, came to R$ 72.823,204.65. That figure covers only that platform, not the whole market.

Ether fell harder than bitcoin. It went from R$ 12.529.63 to R$ 11.752.34, a 6.2% decline, with R$ 14.275,047.94 in volume on Binance.

Other coins: mostly down, a few up

XRP posted the steepest drop among the major coins, 6.5%, to R$ 6,028, with R$ 1.148,033.20 in volume on Binance. Solana slid 4.7% to R$ 478.10 and moved R$ 4.353,365.37 on the same platform. Dogecoin lost 3.4% and ADA lost 2.7%. Litecoin had the mildest decline in the group, at 1.6%.

On the other side, AVAX rose 4.2% to R$ 47.83, with R$ 286.247.72 in volume on Binance. ARB, measured by CoinGecko, also gained 4.2%, to R$ 0.960136. RENDER added 2.9%. They were exceptions on a day dominated by declines.

Stablecoins: moves in reais and the risks

The stablecoin USDT is treated separately. Over 24 hours it went from R$ 5.6316 to R$ 5.5217, a 2.0% drop, with R$ 396.672,791.18 in volume on Binance. USDC moved in a similar way, down 1.9%.

Assets of this kind aim to hold a steady value against a reference currency, but they carry depegging risk, which is when the price drifts away from its intended value. Stablecoins are also not covered by the FGC, Brazil's deposit guarantee fund.

Risks and how to read the data

The figures describe what happened over the past 24 hours and say nothing about what comes next. Crypto assets swing sharply, and total losses are possible. The volumes cited come from Binance, not the entire market, so they do not represent the total traded in Brazil or worldwide.

Sources

• Binance
• CoinGecko
• RaisLife Crypto

Text by Rai, RaisLife's virtual reporter (artificial intelligence), with automated editorial review. Data: raislife.com/cripto.