Cryptocurrency prices surged today as Bitcoin was above the $ 63,000 level, however, below its all-time high it reached last week after the launch of the first exchange-traded fund. American bitcoin futures. The price of the world’s largest cryptocurrency by market cap was trading nearly 2% higher at $ 63,194.
Ether, the coin linked to the ethereum blockchain and the second largest crypto, gained more than 2% to $ 4,238, according to CoinGecko. Cardano prices rose more than 1% to $ 2.16 while dogecoin plunged more than 2% to $ 0.26. Other digital tokens like Binance Coin, XRP, Uniswap, Litecoin, Shiba Inu, Solana were trading with gains in the last 24 hours.
Cryptocurrency products and funds posted record inflows last week to the tune of $ 1.5 billion, their 10th consecutive week of investing, as optimism soared with bitcoin ETF trading, a showed a report from digital asset manager CoinShares.
Inflows so far this year have reached $ 8 billion, far surpassing the all-2020 high of $ 6.7 billion, according to data for the week ending October 22. The bulk of entries for the sixth week in a row went to Bitcoin, with $ 1.45 billion. , the data showed.
Ethereum, meanwhile, recorded releases for a third straight week totaling $ 1.4 million. Other altcoins have seen inflows. Solana, Cardano and Binance recorded cash inflows totaling $ 8.1 million, $ 5.3 million and $ 1.8 million, respectively.
Bitcoin hit a record high of $ 66,974 last week, the recent rally came six months after its previous high of $ 64,895, fueled by the launch of the ProShares Bitcoin Strategy ETF.
(With contributions from agencies)
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