Bitcoin falls 3.3% to R$404.610; Solana slips 3.1%

Bitcoin fell 3.29% over 24 hours and traded at R$404.610 (Brazilian reais) at about 6:30 p.m. Brasília time on Thursday (Nov. 12), compared with R$418.387 a day earlier, according to Binance data reviewed by RaisLife. The decline was not limited to bitcoin. Of the 25 non-stablecoin coins on RaisLife's crypto dashboard, 22 were below the previous day's price at the same hour.

Bitcoin swings between R$400.687 and R$418.902

Over the past 24 hours, bitcoin hit a low of R$400.687 and a high of R$418.902. Trading volume on Binance was R$44.26 million. That figure covers only the real-denominated trading pair (Brazil's real) and does not represent the market as a whole.

Ether fell by less, 1.97%. It went from R$11.650.12 to R$11.420.28, with a 24-hour range of R$11.140.54 to R$11.650.15 and R$14.02 million in volume on Binance.

Solana drops 3.13%; NEAR posts the biggest fall on Binance

Solana went from R$475.70 to R$460.80, a 3.13% drop, after trading between R$451.90 and R$475.90, with R$4.01 million in volume on Binance. Among the other major coins on the dashboard, Dogecoin (DOGE) lost 2.34% to R$0.3752, XRP fell 1.36% to R$5,882, and Cardano (ADA) shed 1.01% to R$0.98.

The steepest decline among coins with Binance data was NEAR Protocol (NEAR), down 6.52%, from R$20.72 to R$19.37, with R$1.08 million traded on the exchange. Chainlink (LINK) fell 3.33% to R$56.83, with R$207.600 in volume. Of the 15 non-stablecoin coins from that source, only one was above the previous day's price: Polygon (POL), up 0.85% to R$0.50. The change compares the latest price with the price 24 hours earlier and does not explain what drove the move.

Uniswap and Aave drop more than 7% on CoinGecko

Of the ten coins on the dashboard whose data comes from CoinGecko, eight were down. Uniswap (UNI) fell 7.62% to R$34.08, with R$3.03 billion in volume as tallied by the platform, and Aave (AAVE) lost 7.13% to R$643.61, with R$1.33 billion. There were two exceptions: Cosmos (ATOM) rose 1.54% to R$8.03, and Stellar (XLM) gained 0.14%. CoinGecko's volume is aggregated across several exchanges and cannot be compared with Binance's, which covers only the real-denominated trading pair on that one exchange. The 24-hour windows and collection times may also differ between the two sources.

Stablecoins in reais: the change is currency-driven

The stablecoin Tether (USDT) was quoted at R$5.6514, up 0.93% in reais, with R$382.36 million traded on Binance. USD Coin (USDC) reached R$5.6556, a change of +0.91%. Because these stablecoins aim to track the U.S. dollar, their change in reais tends to reflect the dollar-real exchange rate rather than a 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 deposit insurance fund (FGC) or guaranteed by Brazil's central bank.

Sources

• Binance (public quotes API): prices, lows, highs and volumes
• CoinGecko (public API): quotes and volumes
• RaisLife Crypto: cryptocurrency dashboard

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