Cryptocurrency News; Ethereum up 10%, Shiba Inu Dips From Record High

Investment

oi-Sneha Kulkarni

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The worldwide crypto market valuation is now $2.59 trillion, up 1.73 percent from the previous day. The overall crypto market volume over the last 24 hours has increased by 28.10 percent to $104.19 billion. The entire volume in DeFi is currently $11.60 billion, accounting for 11.13 percent of the overall 24-hour volume in the crypto market. The overall volume of all stable coins is now $82.59 billion, accounting for 79.27 percent of the total 24-hour volume of the crypto market.

Cryptocurrency News; Ethereum up 10%, Shiba Inu Dips From Record High

The price of Bitcoin is present $62,830.63. Bitcoin’s market share is now 45.63 percent, up 0.49 percent from the previous day.

Bitcoin, one of the most prominent cryptocurrencies in the world, has gained 2.83 percent in the previous 24 hours following a weekend loss. At the time of writing, the price of a single Bitcoin was $62,637.30. One Bitcoin reached an all-time high of about $66,900 on Wednesday.

Shib Inu (SHIB), a meme cryptocurrency, hit a new high on October 24, reaching $0.00003995 with a 24-hour trading volume of $8,585,097,334. Shiba Inu continues to lead the WazirX exchange in terms of volume on October 25 (today), with Tether, Dogecoin, and Bitcoin lagging in second and third place, respectively. Meanwhile, Shinu Inu was fluctuating from green to red.

Investing in the cryptocurrency market entails a variety of risks and problems. Trading should be done with caution and guidance. So, to make things easier for you, we’ll go over some cryptocurrencies that have consistently topped the market cap charts and could be ideal long-term investments.

While central bank digital currencies have been discussed for some years, few governments have actually taken the steps to issue one. Nigeria, on the other hand, is finally ready to introduce the eNaira after lengthy research and development.

Story first published: Monday, October 25, 2021, 17:48 [IST]