Bitcoin
Bitcoin (BTC)
$66,366.00 3.87313
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.22 2.11407
Ethereum price
BNB
BNB (BNB)
$592.39 3.83206
BNB price
Solana
Solana (SOL)
$169.58 7.72776
Solana price
XRP
XRP (XRP)
$0.5764510 0.99234
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000176 0.9603
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 5.99724
Pepe price
Bonk
Bonk (BONK)
$0.0000304 15.26779
Bonk price
Bitcoin
Bitcoin (BTC)
$66,366.00 3.87313
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.22 2.11407
Ethereum price
BNB
BNB (BNB)
$592.39 3.83206
BNB price
Solana
Solana (SOL)
$169.58 7.72776
Solana price
XRP
XRP (XRP)
$0.5764510 0.99234
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000176 0.9603
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 5.99724
Pepe price
Bonk
Bonk (BONK)
$0.0000304 15.26779
Bonk price
Bitcoin
Bitcoin (BTC)
$66,366.00 3.87313
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.22 2.11407
Ethereum price
BNB
BNB (BNB)
$592.39 3.83206
BNB price
Solana
Solana (SOL)
$169.58 7.72776
Solana price
XRP
XRP (XRP)
$0.5764510 0.99234
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000176 0.9603
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 5.99724
Pepe price
Bonk
Bonk (BONK)
$0.0000304 15.26779
Bonk price
Bitcoin
Bitcoin (BTC)
$66,366.00 3.87313
Bitcoin price
Ethereum
Ethereum (ETH)
$3,490.22 2.11407
Ethereum price
BNB
BNB (BNB)
$592.39 3.83206
BNB price
Solana
Solana (SOL)
$169.58 7.72776
Solana price
XRP
XRP (XRP)
$0.5764510 0.99234
XRP price
Shiba Inu
Shiba Inu (SHIB)
$0.0000176 0.9603
Shiba Inu price
Pepe
Pepe (PEPE)
$0.0000123 5.99724
Pepe price
Bonk
Bonk (BONK)
$0.0000304 15.26779
Bonk price

Altcoin volumes up to 60%, according to Kaiko data

altcoin-volumes-up-to-60-according-to-kaiko-data
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News
Altcoin volumes up to 60%, according to Kaiko data

In a Nov. 15 post on X, Kaiko, a leading market data provider, reports the market share of altcoin and Ethereum spot volume relative to Bitcoin has risen to 60%.

This marks its highest level in more than a year.

Catching attention

Kaiko’s data goes on to show that market share volumes were sitting at 55% back in August of this year, with previous months being dominated by Bitcoin (BTC).

https://twitter.com/KaikoData/status/1724781799262355632

It is worth noting that market sentiment towards Ethereum (ETH) and other altcoins has caught the attention of many headlines in the last few weeks, both in relation to ETF news and the Federal Reserve’s decision on interest rates.

https://twitter.com/KaikoData/status/1724445834744320194

Notably, a Nov. 14 post, also from Kaiko, had shown that ETH/BTC had been trending downwards since the Merge; however, following BlackRock’s filing for a spot ETH ETF, the ratio had seen a reversal, while at the same time, several altcoins have since shown double-digit pumps according to CoinMarketCap’s 24-hour charts.

Altcoin volumes up to 60%, according to Kaiko data - 1
Top Crypto Gainers and Losers | Source: CoinMarketCap

According to Fortune, these numbers suggest the return of risk on and “old times” are now imminent. 

A different market cycle

In contrast to last month, on Oct. 17, Bitcoin had experienced a significant surge, soaring by almost 10% to surpass $19,500. Conversely, major altcoins such as Ethereum had sustained a downward trend. 

At the time, the Crypto analyst Jason Pizzino attributed this disparity between Bitcoin and altcoins to be something expected based on the current market cycle.