The price of Bitcoin, the biggest and most well-known cryptocurrency, was trading Tuesdat almost unchanged at USD 20,478. The price of Bitcoin has been trading in a constrained range of around USD 20,000 since June this year after rising to an all-time high of around USD 69,000 in November last year.

The second-largest cryptocurrency, Ether, which is connected to the Ethereum network, also increased by about 1 percent to USD 1,580. Shiba Inu was up about 6 percent to USD 0.000012 while Dogecoin was trading more than 9 percent higher at USD 0.12 today. This past week, Dogecoin saw a 100 percent increase, considerably outpacing the gains of the two most popular tokens in the world, Ethereum and Bitcoin.

The performance of other cryptocurrency prices today also improved as Avalanche, Binance USD, Chainlink, Tether, ApeCoin, Solana, Cardano, Polygon, XRP, Terra, Stellar, Tron, Litecoin, Polkadot, and Uniswap prices were trading with gains over the last 24 hours. The total market cap of all cryptocurrencies today remained above USD 1 trillion even though it had increased by about 1 percent over the previous day to reach USD 1.06
According to a report by digital asset data source CryptoCompare, the average daily trading volume of worldwide digital asset products or crypto funds dropped 34.1 percent to USD 61.3 million in October (through October 25), the lowest level since June 2020.

With the exception of a small increase of 0.39 percent in May, the negative trend seen in the trade volume since November 2021 continued in October. Since September 2020, the average daily volumes have dipped below USD 100 million twice.

The overall AUM for all digital asset investment products increased by 1.76 percent to USD 22.9 billion in October (as of 25 October). AUM has increased for the first time since July of this year, but it is still significantly lower than it was in March, when the market peaked. Over the past two years, as stimulus from the post-pandemic era flooded the global economy and then as central banks like the Federal Reserve raised interest rates to fight worsening inflation, bitcoin has traded almost in lockstep with risk assets.

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