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Business News/ Markets / Cryptocurrency/  Bitcoin, dogecoin fall while Shiba Inu, Polkadot surge. Check cryptocurrency prices today
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Bitcoin, dogecoin fall while Shiba Inu, Polkadot surge. Check cryptocurrency prices today

Cryptocurrency prices today: Shiba Inu, that has been on a record rally since the past few sessions, was up over 2%

cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin representations (REUTERS)Premium
cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin representations (REUTERS)

Bitcoin prices today declined as the world's largest cryptocurrency by market capitalization was trading 0.5% lower at $61,443. The digital token is up 110% this year so far after hitting a record high of near $67,000 in October. Other cryptocurrencies' performance were mixed over the last 24 hours.

Ether, the coin linked to ethereum blockchain and the second largest crypto, was trading marginally higher at $4,329.8. Cardano prices plunged more than a per cent $1.97 whereas dogecoin fell over 3% to $0.26. Other digital tokens like XRP, Solana also declined whereas Stellar, Uniswap were trading with gains over the last 24 hours. Shiba Inu, that has been on a record rally since the past few sessions, was up over 2% whereas Polkadot surged 14% to $49, as per CoinDesk.

Ether prices climbed to record high during the weekend. Ether underpins the affiliated Ethereum Network, the dominant blockchain used for thousands of decentralized applications. The system got a further boost last week after a successful upgrade designed to make it faster and more energy-efficient.

Bitcoin has more than quadrupled in the past year and reached a record near $67,000 last month amid optimism around the debut of Bitcoin futures-backed exchange-traded funds in the US, and waning concerns about issues like China’s crackdown on the digital-asset space.

Meanwhile, Digital asset investment products or crypto funds were in demand as assets under management grew across the board in October, with total AUM reaching $74.7 billion (till 21 October, surpassing the previous all-time high of $58.7 billion in March, according to a report by digital asset data provider CryptoCompare.

(With inputs from agencies)

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Updated: 02 Nov 2021, 07:33 AM IST
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