Cryptocurrency prices today: Bitcoin, Ether recover from lows, trade higher
Cryptocurrency prices today evening rose marginally with Bitcoin breaking above $44,000. The world's largest and most popular digital token was last up 1.4% at $44,210.95. In the last seven days, Bitcoin rose 13.7% and is down about 7.5% in 2022 (year-to-date or YTD) so far whereas, it is still over 36% away from its record high of near $69,000 hit in November 2021.
The global cryptocurrency market capitalisation today is at $2.12 trillion, rising 2.7% in the last 24 hours.
Ether, the coin linked to the ethereum blockchain and the second-largest cryptocurrency in terms of market capitalization, also gained 3.7% to $3,195. Similarly, Binance Coin rose about 0.7% to $424.
Dogecoin price increased 1.6% to $0.159855, whereas Shiba Inu surged over 3.9% to $0.00003306. The performance of other coins were also in green, recovering from lows in the morning as Stellar, Avalanche, Cardano, Polygon, Polkadot, Solana prices were trading higher over the last 24 hours.
The crypto market marked the third week of inflows totaling $133 million last week, according to a report from digital asset manager CoinShares. Bitcoin led all inflows, with $71 million, the largest since early December and the third straight week of inflows, with a total of $108 million.
Ether, on the other hand, posted net outflows of $8.5 million in the week ended February 4, its 9th straight week of outflows, totaling $280 million. That represents 2.2% of assets under management (AUM), according to CoinShares.
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