Bitcoin, ether rise while dogecoin, Shiba Inu slip. Check cryptocurrency prices today:

Cryptocurrency prices today surged with Bitcoin trading above the $57,000 mark. The world’s largest and most popular cryptocurrency was trading at $57,714, up 1%. Bitcoin had recently hit record high of around $69,000 and is up over 98% this year (year-to-date or YTD) so far. Global crypto market cap surged slightly to $2.7 trillion, as per CoinGecko.

Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, also gained more than 1% to $4,323. Ether price has been trading around all-time high, catching up with bitcoin’s rally and riding on news of wider blockchain adoption.

Dogecoin price slipped over 2% to $0.21 whereas Shiba Inu plunged nearly 3% to $0.000040, as per CoinDesk. The performance of other cryptocurrencies like XRP, Polkadot, Uniswap, Stellar, Cardano, Solana also were trading with cuts over the last 24 hours whereas Litecoin, Polygon gained.

Cryptocurrencies have sold off in recent days amid a number of concerns, including greater regulatory risks as well as many tokens having run up very quickly in a short period of time and with India preparing a bill to regulate the digital tokens.

Bitcoin has more than doubled this year, while Ether is up about sixfold. Both scaled records recently amid a fervor for digital assets driven by speculative demand and controversial arguments that they can hedge inflation risks.

(With inputs from agencies)

Subscribe to Mint Newsletters

* Enter a valid email

* Thank you for subscribing to our newsletter.

Never miss a story! Stay connected and informed with Mint.
our App Now!!

Be the first to comment

Leave a Reply

Your email address will not be published.