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Cryptocurrency Prices Today: Cardano, XRP shed nearly 10%

Bitcoin's price is currently $58,579.36 and its dominance is currently 44.92 percent, an increase of 0.51 percent over the day.

October 28, 2021 / 08:26 AM IST
Cryptocurrency (Representative image)

Cryptocurrency (Representative image)

 

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.

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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.NamePrice24h %7d %Market CapVolume(24h)Circulating Supply
1Bitcoin BTC$58,742.99-3.05%-9.09%$1,104,593,203,954$43,632,128,902 744,838 BTC18,856,356 BTC
2Ethereum ETH$3,980.04-4.61%-4.80%$466,483,093,064$26,254,548,388 6,647,119 ETH118,104,048 ETH
3Binance Coin BNB$453.24-5.65%-8.88%$75,441,194,732$2,359,973,214 5,217,922 BNB166,801,148 BNB
4Tether USDT$1.000.07%0.09%$70,108,941,723$124,580,191,191 124,511,188,948 USDT70,070,109,914 USDT
5Cardano ADA$1.93-9.62%-12.79%$64,386,215,842$5,115,818,077 2,642,448,212 ADA33,257,093,656 ADA
6Solana SOL$186.51-7.24%1.32%$55,641,181,826$4,552,125,224 24,633,250 SOL301,095,220 SOL
7XRP XRP$1.00-9.79%-13.29%$47,136,493,257$6,501,470,144 6,484,745,464 XRP47,015,237,181 XRP
8Polkadot DOT$40.48-8.99%-8.06%$40,298,693,874$2,831,757,553 69,396,422 DOT987,579,315 DOT
9USD Coin USDC$10.01%0.06%$32,592,641,979$5,765,508,710 5,765,529,192 USDC32,592,757,762 USDC
10Dogecoin DOGE$0.24-7.28%-6.28%$31,491,936,198$5,052,346,485 21,157,166,926 DOGE131,875,387,608 DOGE
 
Moneycontrol News
first published: Oct 28, 2021 08:26 am
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