May 14, 2022
  • May 14, 2022

Bitcoin, Ether, Shiba Inu win; Dogecoin slips

By on December 1, 2021 0

The cryptocurrency market is showing some strength today, ignoring concerns over the new variant of the Omicron coronavirus, which recently rocked global markets.

The price of Bitcoin edged up today, trading at $ 57,051.09, but still below all-time highs, with a market cap of over $ 1,000 billion. The world’s largest crypto asset recently hit an all-time high of around $ 69,000 and has grown over 95.88% this year (year-to-date or year-to-date) so far.

The global crypto market cap is currently $ 2.66 trillion, up slightly from the previous day.

Meanwhile, Ethereum, the second largest cryptocurrency, jumped more than 6% to $ 4,713, according to data from Coindesk.

Ether has outperformed Bitcoin by the largest amount this year since the launch of the native Ethereum network token in 2015 as an alternative to the original cryptocurrency.

The token is heading to record highs again, a rally whose course was turned upside down late last week amid a wider turmoil in risk assets. But after bouncing off its 50-day moving average on Monday, Ether has burst higher and is up about 13% since Friday.

While both are down from records reached earlier this month, Ether has gained around 530% since December, against a doubling in Bitcoin’s value, widening the performance gap between the two by over 400. percentage points.

The price of Dogecoin is down 2.99% today to $ 0.2142 while Shiba Inu is up more than 16% to $ 0.00004508, according to Coinmarketcap. The DAO Bankless Coin (BANK) became the biggest winner in the last 24 hours, gaining over 6,000%.

Other cryptocurrencies such as Solana, Binance Coin, and Terra gained, while XRP, Polkadot, and Cardano traded lower in the past 24 hours.

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