The digital token has seen its value rise by 114 percent this year, and hit a record high of $67,000 in October.
Representational image. AP
Cryptocurrency prices saw a mix of loss and profit on the morning of Friday, 5 November. The global cryptocurrency market saw a fall of 0.57 percent to $2.73 trillion while the total crypto market volume in the last 24 hours fell to $138.36 billion, marking a decline of 5.76 percent.
The price of Bitcoin in the last 24-hours fell by 0.65 percent to $62,277.17, till 10 am on 5 November. The digital token has seen its value rise by 114 percent this year, and hit a record high of $67,000 in October. The value of the digital currency has increased amid waning concerns about China cracking down on the digital-asset space, and other issues.
Ethereum, the second-largest cryptocurrency, also fell by 0.63 percent to $4,544.98 in the last 24 hours. The value of digital currency has risen 3.89 percent in the last seven days.
The value of Dogecoin fell by 2.40 percent to $0.2628 in the last 24 hours. The value of the currency has declined by 11.47 percent in the last seven days. The value of Shibu Ina saw a sharp decrease, falling over 18.51 percent to $0.00004845. The currency has seen its value fall by 24.01 percent in the past week.
Tether rose by 0.03 percent to $1.00 in the last 24-hours, signifying a rise of 0.11 percent in the value of the digital token the past week.
However, Cardano fell by 1.78 percent to $2.01, falling by 0.20 percent in its value in the last week. The digital currency XRP also fell by 3.32 percent today to $1.20. However, the currency has seen a rise of 10.89 percent in its value over the past week.
Solana rose by 0.47 percent to $242.54, witnessing a rise of 20.34 percent in its value in the past seven days. Binance Coin rose by 4.59 percent to $585.07 this morning.
The rising instances of adoption of digital tokens by banks, launch of bitcoin-futures-base exchange-traded funds (ETFs), and growth of non-fungible tokens on virtual gaming platforms, have seen several cryptocurrencies, including Bitcoin and Ethereum, rise higher since the month of October.
This news is republished from another source. You can check the original article here
Be the first to comment