Cryptocurrency prices today: Ether, the coin linked to ethereum blockchain, declined over a per cent to $4,158 In cryptocurrencies, Bitcoin prices today plunged below $61,000 as the price of the world's largest cryptocurrency by market capitalization was trading more than 3% lower at $60,935. Bitcoin, which recently hit a new high, is up 109% this year (year-to-date or YTD) so far. Ether, the coin linked to ethereum blockchain and the second largest crypto, also declined over a per cent to $4,158. Meanwhile, Cardano prices were marginally lower at $2.15 whereas dogecoin plunged more than 2% to $0.25. Other digital tokens like Binance Coin, XRP, Uniswap, Litecoin, Solana were mixed over the last 24 hours. On the other hand, Shiba Inu was trading over 17% higher to $0.00004843, as per CoinGecko. Crypto funds saw inflows totalling $1.47 billion last week, the largest on record, as the first bitcoin-based exchange-traded fund (ETF) called the ProShares Bitcoin Strategy ETF (BITO), started trading in the US, according to digital asset manager CoinShares. Bitcoin saw 99% of the inflows totalling $1.45 billion last week. Additionally, inflows year-to-date (YTD) now sit at $8 billion, surpassing the record in 2020 of $6.7 billion. Ethereum saw outflows for a third consecutive week totalling $1.4 million. CoinShares believes that this is minor profit-taking as the price closes in on an all-time-high. In another news, Robinhood Markets shares fell below their initial public offering price in after-hours trading on Tuesday after the retail broker reported softer revenue than expected for the third quarter as trading levels declined for cryptocurrencies like dogecoin. Last week, Bitcoin rallied to a record high of $66,974, the recent rally came after six-months from its previous top of $64,895, fueled by the debut of the ProShares Bitcoin Strategy ETF.
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Bhambhwani, S., S. Delikouras, and G. M. Korniotis (2019). “Do fundamentals drive cryptocurrency prices?”, Working paper .
Cryptocurrency is an asset that can be exchange for goods and services, much like normal money.
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Binance.US Compared to OthersBinance.USGeminiCoinbaseCoins50+ cryptocurrencies40+ cryptocurrencies50+ cryptocurrenciesFees0.1% trading feeCan get a 25% discount on your fee if you hold Binance coin0.50% convenience fee$0.99 to $2.99 transaction fee; 1.49% transaction fee for trades over $2000.50% spreadTrading fee between 1.49% and 3.99% (or $0.99 to $2.99 flat fee)Wallet storageKeep coins in Binance.US account or transfer to your own walletKeep coins on Gemini account, Gemini Wallet option, or transfer to your own walletKeep coins on Coinbase account, Coinbase Wallet option, or transfer to your own walletMinimum Trade$10Equal to the smallest amount of each coin that can be traded (0.00001 BTC)$2Frequently Asked Questions
Turning to the relationships between different cryptocurrencies, significant coherence is observed in the medium and long term between Bitcoin and Litecoin, which it is believed is due to their similarity. It is seen that short term correlations between the cryptocurrencies considered here are dependent again on news items and market wide events. We want your feedback. Do these Subject Areas make sense for this article? Click the target next to the incorrect Subject Area and let us know. Thanks for your help!
“To us, this is the future of gaming,” a16z Crypto general partner Arianna Simpson tells TechCrunch. “This is the future of how people will expect to play games and participate and be rewarded for the time and the investments that they make on these platforms. And this is a multitrillion-dollar market, without question.”
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