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Major Cryptos Recover From Fall; Shiba Inu Surge Over 40%

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The worldwide crypto market valuation is now $2.57 trillion, up 3.90 percent from the previous day. The overall crypto market volume over the last 24 hours has increased by 12.67 percent to $178.86 billion dollars. DeFi now has a total volume of $19.40 billion, accounting for 10.85 percent of the total 24-hour volume in the crypto market.

 

The price of Bitcoin is at $60,973.93. Bitcoin's market share is at 44.65%, down 0.19 percent from the previous day.

Major Cryptos Recover From Fall; Shiba Inu Surge Over 40%

Shiba Inu coin, which had been on a record-breaking run in the morning session, jumped over 70% to $0.00008241 before slipping to $0.00008075. It is now the 9th most valuable cryptocurrency, with a market capitalization of roughly $40 billion.

The selling and purchase of Bitcoin is now possible through the Brazilian cab-hailing giant "99"'s digital wallet app 99Pay. The move, which was announced earlier this week, is yet another step toward more Bitcoin adoption and acceptance.

Dogecoin (DOGE) and Shiba Inu (SHIB), two of the most famous meme coins, are battling for ninth place on the list of top digital assets by market valuation. Spread trades are being used by certain traders to profit from the action.

 

DOGE has resurrected after trailing SHIB by a wide margin earlier this month. On Thursday, the joke cryptocurrency soared to $0.335 on Coinbase, its highest level since August 20, and was last spotted trading near $0.30, signifying a 22% rise for the day.

President Nayib Bukele of El Salvador tweeted earlier on Thursday that his administration has taken advantage of the recent Bitcoin (BTC) price decline and added 420 more BTC to the country's cryptocurrency holdings.

Read more about: bitcoin cryptocurrency ethereum
Story first published: Thursday, October 28, 2021, 17:30 [IST]
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