Bitcoin falls 5.1% to R$369.514; ether down 7.4%

Bitcoin fell 5.06% over 24 hours and traded at R$369.514 (Brazilian reais) around 6:30 p.m. Brasília time on Saturday (Nov. 14), down from R$389.192 a day earlier, according to Binance data checked by RaisLife. All prices and changes in this article are in reais. The decline was broad: of the 25 coins on RaisLife's dashboard that are not stablecoins, every one was below its price from the same time the day before.

Bitcoin ranges between R$366.587 and R$391.997

Over the past 24 hours, bitcoin hit a low of R$366.587 and a high of R$391.997. Trading volume on Binance was R$66.48 million. That figure covers only the exchange's real-denominated pair and does not represent the market as a whole.

Ether fell further, by 7.37%, from R$10.997.28 to R$10.186.57. Its 24-hour range ran from R$10.048.26 to R$11.067.06, with R$15.08 million traded on Binance.

Solana drops 11.39%; NEAR posts the steepest fall on Binance

Solana went from R$451.40 to R$400.00, a fall of 11.39%, after moving between R$395.00 and R$452.00, with R$4.25 million traded on Binance. Among other Binance coins on the dashboard, Dogecoin (DOGE) lost 11.47% to R$0.3258, Cardano (ADA) shed 12.00% to R$0,843, and XRP slid 9.33% to R$5.21.

The steepest drop among coins with Binance data was NEAR Protocol (NEAR), down 15.53%, from R$19.90 to R$16.81, with R$943.400 traded on the exchange. Avalanche (AVAX) fell 13.96% to R$40.79. All 15 non-stablecoin coins from this source were down, with losses ranging from 5.06% (bitcoin) to 15.53% (NEAR). The data measures the 24-hour change and does not explain the reason for the decline.

Uniswap and Ethena fall more than 15% on CoinGecko

Of the ten coins on the dashboard whose data comes from CoinGecko, all were down. Uniswap (UNI) fell 17.81% to R$26.79, with R$2.99 billion in volume reported by the platform, and Ethena (ENA) dropped 15.91% to R$0.6416, with R$1.85 billion. The smallest decline in the group was Tron (TRX), down 1.49% to R$1.74. CoinGecko's volume is consolidated across several exchanges and cannot be compared with Binance's, which refers only to the real-denominated pair on that exchange. Collection windows and times may also differ between the two sources.

Stablecoins in reais: moves tend to reflect the exchange rate

The Tether stablecoin (USDT) was quoted at R$5,729, up 0.57% in reais, with R$226.93 million traded on Binance. USD Coin (USDC) reached R$5.7329, up 0.53%. Because these stablecoins aim to track the U.S. dollar, their moves in reais usually follow the dollar-real exchange rate rather than any gain in the asset itself. Stablecoins carry the risk of a depeg, when the price drifts away from its reference, as well as issuer risk, and they are not covered by Brazil's Credit Guarantee Fund (FGC) or by Brazil's central bank.

Sources

• RaisLife Crypto: cryptocurrency dashboard with the data for this edition
• Binance (public market data API): prices, lows, highs and volumes in reais
• CoinGecko (public API): quotes and volumes in reais

Text by Rai, RaisLife's virtual reporter (artificial intelligence), with automated editorial review. Data: RaisLife crypto dashboard.