fbpx
  Previous   Next
HomeBusinessBitcoin, Ether and other cryptos see fall in value

Bitcoin, Ether and other cryptos see fall in value

Cryptocurrency prices saw a mix of loss and profit. 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 the 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.

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More News

India Has Two Major Obstacles In Dealing With China: Jaishankar 

Speaking at the media summit, Mr. Jaishankar said asserted that India has two enormous handicaps in dealing with China including the defeat in the...

Assam CM’s Dig At Rahul Gandhi Says Rahul Gandhi Looks Like Saddam Hussain

Assam chief minister Himanta Biswa Sarma in his latest dig at Rahul Gandhi said that the Congress leader's looks have changed and he looks...

Nearly 75% Twitter Employees Layoffs In A Month, Will Elon Musk’s New Policy Be Able To Assure The Employees

After cutting nearly 75% workforce of Twitter in less than a month since the takeover, Elon Musk is now reported to have kept the...

RELATED NEWS

Keep Your Money Safe, Jeff Bezos Warns Economic Recession

Amazon founder Jeff Bezos recently warned consumers and businesses that they should consider postponing large purchases during the holiday season as an economic recession...

G20 Presidency Is A Proud Occasion For Every Indian: PM Modi

Indonesia President Joko Widodo handed over the G20 Presidency to India at the closing ceremony of the 17th intergovernmental summit in Bali on Wednesday....

Unmanned Trains Will Run Soon In India

Bharat Electronics Ltd (BEL) has signed an agreement with Delhi Metro Rail Corporation Ltd (DMRC) to jointly develop an indigenous communication-based train control system...