Home Cryptocurrency News Bitcoin near record high, dogecoin, cardano slip. Check cryptocurrency prices today – Mint

Bitcoin near record high, dogecoin, cardano slip. Check cryptocurrency prices today – Mint

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Bitcoin value in the present day surged greater than 3% to $63,901 after the primary US bitcoin futures-based exchange-traded fund (ETF) started buying and selling on Tuesday, sending bitcoin to a six-month excessive and simply off its all-time peak. The world’s largest cryptocurrency by market capitalization has surged in latest weeks, fueled by hypothesis {that a} US launch might be imminent. 

The digital token’s value has greater than doubled from its late July low. It’s near its file excessive degree of close to $65,000 hit in April this yr and is up over 121% in 2021 (year-to-date) to this point.

Ether, the coin linked to ethereum blockchain and the second largest cryptocurrency, was up over 2% to $3,857, as per CoinDesk. Cardano costs fell 2% to 2.10 whereas dogecoin plunged greater than 1% to $0.24. Alternatively, different digital tokens like Shiba Inu, Binance Coin, Solana, Litecoin, Uniswap additionally gained over the past 24 hours, although XRP, Polkadot gained.

The US Securities and Trade Fee (SEC) has repeatedly rejected ETFs linked on to bitcoin, sustaining that they had been topic to market manipulation. SEC Chair Gary Gensler stated, as reported by AFP, that futures related to bitcoin additionally might be risky, however famous that the ProShares ETF is linked to a futures contract that has been regulated by the Commodities Futures Buying and selling Fee since 2017.

Different asset managers are anticipated to launch related funds, together with Valkyrie Investments, VanEck and others. However one of many largest international asset administration corporations, Invesco, on Monday put its bitcoin futures ETF on maintain.

(With inputs from companies)

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