Crypto Trading Volume Plunges on Bitcoin and Ether
Bitcoin and Ether trading volumes both fell more than 77% in UTC-dated records from October 31 to November 1.
Updated on Nov. 2, 2026 in Stock Markets
Live Poll
Do you think now is a good time to invest in cryptocurrency?
Bitcoin trading volume dropped 78.37% to $43.55 billion on November 1, down from $201.31 billion on October 31. Ether trading volume fell 77.42% to $4.41 billion over the same period.
Why it matters
Trading volume is a gauge of market activity and liquidity, and sharp drops like these show how quickly participation can shift across major crypto assets. The records do not explain the cause of the decline.
Bitcoin's listed volume was about 9.9 times Ether's on November 1, while Bitcoin's market capitalization was roughly 5.7 times larger. Trading volume equaled 2.80% of Bitcoin's $1.56 trillion market cap and 1.60% of Ether's $275.4 billion market cap, though the exact volume cutoff used in the records is not specified.
The details
Coinbase Prime volume dropped 82.2% in the same period, according to the records. The historical data labels dates in UTC, and the source does not identify a specific cause for the decline in either asset.
Timeline
October 31: Baseline volume totals used for comparison, with Bitcoin at $201.31 billion and Ether at $19.53 billion.
November 1: Bitcoin and Ether volumes fell in UTC-dated records.
Market Dynamics
Bitcoin's turnover ratio was about 1.75 times Ether's, meaning its daily trading activity was relatively heavier compared with its market capitalization. That relationship between volume and market value is a standard way to compare how actively each asset changed hands during the period.
Lower trading volume can make it harder to buy or sell large positions without moving prices, which matters for anyone holding or trading these assets. Investors tracking exposure to Bitcoin or Ether may want to watch whether volume recovers in coming sessions.
The takeaway
Volume drops of this size are a signal of shifting participation rather than a verdict on long-term value. Tracking volume alongside price helps readers judge whether a move reflects broad activity or a thinner, less representative trading day.
Further reading
For broader context on how trading activity moves across markets, explore Stock Markets.
Source note: This article includes information reported by TokenPost.
Live Poll
Do you think now is a good time to invest in cryptocurrency?
