Bitcoin, ether, dogecoin slip while Shiba Inu surges 17%. Check cryptocurrency prices today | Mint
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Business News/ Markets / Cryptocurrency/  Bitcoin, ether, dogecoin slip while Shiba Inu surges 17%. Check cryptocurrency prices today
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Bitcoin, ether, dogecoin slip while Shiba Inu surges 17%. Check cryptocurrency prices today

Cryptocurrency prices today: Ether, the coin linked to ethereum blockchain, declined over a per cent to $4,158

cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin representations are placed on PC motherboard in this illustration (REUTERS)Premium
cryptocurrencies Bitcoin, Ethereum, DogeCoin, Ripple, Litecoin representations are placed on PC motherboard in this illustration (REUTERS)

In cryptocurrencies, Bitcoin prices today plunged below $61,000 as the price of the world's largest cryptocurrency by market capitalization was trading more than 3% lower at $60,935. Bitcoin, which recently hit a new high, is up 109% this year (year-to-date or YTD) so far.

Ether, the coin linked to ethereum blockchain and the second largest crypto, also declined over a per cent to $4,158. Meanwhile, Cardano prices were marginally lower at $2.15 whereas dogecoin plunged more than 2% to $0.25. 

Other digital tokens like Binance Coin, XRP, Uniswap, Litecoin, Solana were mixed over the last 24 hours. On the other hand, Shiba Inu was trading over 17% higher to $0.00004843, as per CoinGecko.

Crypto funds saw inflows totalling $1.47 billion last week, the largest on record, as the first bitcoin-based exchange-traded fund (ETF) called the ProShares Bitcoin Strategy ETF (BITO), started trading in the US, according to digital asset manager CoinShares.

Bitcoin saw 99% of the inflows totalling $1.45 billion last week. Additionally, inflows year-to-date (YTD) now sit at $8 billion, surpassing the record in 2020 of $6.7 billion.

Ethereum saw outflows for a third consecutive week totalling $1.4 million. CoinShares believes that this is minor profit-taking as the price closes in on an all-time-high.

In another news, Robinhood Markets shares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin.

Last week, Bitcoin rallied to a record high of $66,974, the recent rally came after six-months from its previous top of $64,895, fueled by the debut of the ProShares Bitcoin Strategy ETF.

(With inputs from agencies)

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Published: 27 Oct 2021, 07:25 AM IST
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