Cryptocurrency prices stayed in the red on Thursday morning Indian time. The global crypto market cap was down 4.49 percent to $2.46 trillion, though the market volume gained 58.99 percent over the last 24 hours to reach $180.02 billion.
Bitcoin traded at $58,579.36 with a dominance of 44.92 percent, an increase of 0.51 percent over the day, early on Thursday morning.
Bitcoin fell on Wednesday to its lowest level in 1-1/2 weeks, taking losses since hitting a record high of 12 percent, though the digital currency is still on track for its best month since February.
The world's largest cryptocurrency fell as much as 3.7 percent to $58,100, its lowest since October 15. It has lost 12.1 percent since it hit an all-time high of $67,016 on October 20.
Bitcoin's losses were down to traders taking profit from its recent rally, said Tony Sycamore, analyst at City Index. The digital currency has notched up gains of almost 35 percent so far this month, which if maintained would be its best performance in eight months.
Bitcoin is facing "a short-term downtrend", said Du Jun, co-founder of major crypto exchange operator Huobi Group, adding that further fall may be limited, given a relatively low trading volume.
Meanwhile, Shiba Inu soared nearly 67 percent at $$0.00008229. SHIB, the self-proclaimed ‘Dogecoin killer’, which was created in August 2020 by someone who uses the name Ryoshi, is modelled after Dogecoin. The coin has been named after the Japanese dog breed, Shiba Inu. The mascot of Shiba Inu, which is based on the Shiba pup. The coin aims to be the Ethereum-based counterpart to Dogecoin.
As off 7.55 am on October 28, these are the prices of largest cryptocurrencies (data from coinmarketcap.com):
| S. No. | Name | Price | 24h % | 7d % | Market Cap | Volume(24h) | Circulating Supply |
| 1 | Bitcoin BTC | $58,742.99 | -3.05% | -9.09% | $1,104,593,203,954 | $43,632,128,902 744,838 BTC | 18,856,356 BTC |
| 2 | Ethereum ETH | $3,980.04 | -4.61% | -4.80% | $466,483,093,064 | $26,254,548,388 6,647,119 ETH | 118,104,048 ETH |
| 3 | Binance Coin BNB | $453.24 | -5.65% | -8.88% | $75,441,194,732 | $2,359,973,214 5,217,922 BNB | 166,801,148 BNB |
| 4 | Tether USDT | $1.00 | 0.07% | 0.09% | $70,108,941,723 | $124,580,191,191 124,511,188,948 USDT | 70,070,109,914 USDT |
| 5 | Cardano ADA | $1.93 | -9.62% | -12.79% | $64,386,215,842 | $5,115,818,077 2,642,448,212 ADA | 33,257,093,656 ADA |
| 6 | Solana SOL | $186.51 | -7.24% | 1.32% | $55,641,181,826 | $4,552,125,224 24,633,250 SOL | 301,095,220 SOL |
| 7 | XRP XRP | $1.00 | -9.79% | -13.29% | $47,136,493,257 | $6,501,470,144 6,484,745,464 XRP | 47,015,237,181 XRP |
| 8 | Polkadot DOT | $40.48 | -8.99% | -8.06% | $40,298,693,874 | $2,831,757,553 69,396,422 DOT | 987,579,315 DOT |
| 9 | USD Coin USDC | $1 | 0.01% | 0.06% | $32,592,641,979 | $5,765,508,710 5,765,529,192 USDC | 32,592,757,762 USDC |
| 10 | Dogecoin DOGE | $0.24 | -7.28% | -6.28% | $31,491,936,198 | $5,052,346,485 21,157,166,926 DOGE | 131,875,387,608 DOGE |
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
| 1W returns11.74% |
| 1W returns10.30% |
| 1W returns6.15% |
| 1W returns4.30% |
| 1W returns-0.25% |
| 1W returns-0.68% |
| 1W returns-1.12% |
Find the best of Al News in one place, specially curated for you every weekend.
Stay on top of the latest tech trends and biggest startup news.
