Crypto Volumes Fall Off from Prior Day

Dow Jones
10/17

1331 ET - Major cryptocurrencies are weaker, with sizably-lower volumes seen in afternoon trading, according to data from Coinglass. Trading volumes for bitcoin over the past 24 hours are off 39%, to $49.2 billion. Other tokens are seeing larger decreases in volume, with ethereum volume off 42% to $34.3 billion, HYPE volume down 41% to $1.8 billion, and XRP falling 42% to $2.1 billion. Outflows in bitcoin futures have picked up in the last 5 minutes, according to Coinglass--with outflows seen at $75.2 million and inflows at $31 million. Bitcoin is down 1% to $81,177, ethereum falls 1.3% to $2,419, and XRP slides 2.8% to $1.30.

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