World’s biggest drop in bitcoin price today cryptocurrency The market capitalization was trading down 0.5% at $61,443. The digital coin is up 110% so far this year, after hitting a record high of around $67,000 in October. The performance of other cryptocurrencies in the last 24 hours was mixed.
Ether, the coin linked to the Ethereum blockchain and the second largest crypto, was trading marginally higher at $4,329.8. Cardano’s price is down more than one percent to $1.97, while Dogecoin is down more than 3% to $0.26. Other digital tokens like XRP, Solana also declined, while Stellar, Uniswap were trading with gains in the last 24 hours. According to CoinDesk, the Shiba Inu, which has been on a record rally for the past few sessions, was up over 2%, while Polkadot rose 14% to $49.
Ether prices hit record highs during the weekend. Ether underpins the Affiliate Ethereum Network, the leading blockchain used for thousands of decentralized applications. The system received a further boost last week after a successful upgrade designed to make the system faster and more energy-efficient.
Bitcoin has more than quadrupled over the past year and reached a record $67,000 last month amid optimism around the launch of bitcoin futures-backed exchange-traded funds in the US, and China’s crackdown on the digital-asset space such as Reduces concerns about issues.
Meanwhile, digital asset investment products or crypto funds were in demand as assets under management rose across the board in October, with a total AUM of $74.7 billion (as of October 21, surpassing the previous all-time high of $58.7 billion in March, a According to a report from digital asset data provider CryptoCompare.
(with inputs from agencies)
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