comScore
Active Stocks
Thu Sep 28 2023 15:59:12
  1. Tata Steel share price
  2. 126.75 -1.09%
  1. NTPC share price
  2. 237.8 -0.65%
  1. Power Grid Corporation Of India share price
  2. 200.75 0.73%
  1. Tata Motors share price
  2. 613.95 -1.04%
  1. HDFC Bank share price
  2. 1,522.95 -0.28%
Business News/ Markets / Stock Markets/  Bitcoin, ether, other cryptos surge while dogecoin slips. Check cryptocurrency prices today
Back

Bitcoin, ether, other cryptos surge while dogecoin slips. Check cryptocurrency prices today

Cryptocurrency products and funds had record inflows last week to the tune of $1.5 billion, their 10th straight week of investments, data by CoinShares showed

Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture (REUTERS)Premium
Representations of cryptocurrencies including Bitcoin, Dash, Ethereum, Ripple and Litecoin are seen in this illustration picture (REUTERS)

Cryptocurrency prices today surged as Bitcoin was above $63,000 level however, below its all-time high it had hit last week after the debut of the first US bitcoin futures exchange-traded fund. The price of the world's largest cryptocurrency by market capitalization was trading nearly 2% higher at $63,194.

Ether, the coin linked to ethereum blockchain and the second largest crypto, gained over 2% to $4,238, as per CoinGecko. Cardano prices were up over 1% to $2.16 whereas dogecoin plunged more than 2% to $0.26. Other digital tokens like Binance Coin, XRP, Uniswap, Litecoin, Shiba Inu, Solana were trading with gains over the last 24 hours.

Cryptocurrency products and funds had record inflows last week to the tune of $1.5 billion, their 10th straight week of investments, as optimism soared with the trading of bitcoin ETFs, showed a report from digital asset manager CoinShares.

Inflows so far this year hit $8 billion, far exceeding the record set for the whole of 2020 of $6.7 billion, the data showed as of the week ended October 22. The bulk of inflows for the sixth straight week went to Bitcoin, with $1.45 billion, data showed. 

Ethereum, meanwhile, saw outflows for a third consecutive week totaling $1.4 million. Other altcoins saw inflows. Solana, Cardano and Binance posted inflows totaling $8.1 million, $5.3 million and $1.8 million, respectively.

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)

"Exciting news! Mint is now on WhatsApp Channels 🚀 Subscribe today by clicking the link and stay updated with the latest financial insights!" Click here!

Catch all the Business News, Market News, Breaking News Events and Latest News Updates on Live Mint. Download The Mint News App to get Daily Market Updates.
More Less
Updated: 26 Oct 2021, 07:25 AM IST
Next Story
Recommended For You
GENIE RECOMMENDS

Get the best recommendations on Stocks, Mutual Funds and more based on your Risk profile!

Let’s get started
Switch to the Mint app for fast and personalized news - Get App