Ethereum hits a new record while Shiba Inu crashes as rest of crypto market recovers

The cryptocurrency market saw a steep decline this week

But is back in the green with Ethereum finishing the Altair upgrade

Ethereum’s price currently stands at $4,365

The second-largest cryptocurrency in the market has risen by nearly 10 percent in the last 24 hours

Bitcoin is back above $60,000

The cryptocurrency has risen by 4.66 percent to a price of $61,609

According to Kraken, Bitcoin miners are holding onto their coins to create ‘supply shocks’

And, these supply shocks are helping boost Bitcoin’s prices even further

Binance Coin is also in the green at $495.47

It has jumped by 8.71 percent since yesterday

Cardano has managed to climb back above $2

The cryptocurrency is currently worth $2.02, up by 4.45 percent in 24 hours

Solana’s price has seen a sharp recovery as well

With a price of $201.71, it’s up by 7.7 percent since yesterday

According to FXStreet, Solana is showing bullish signals

It’s “locked and loaded to outperform Ethereum” and may go as high as $335

Polkadot is also climbing higher, currently at $43.49

It’s up by 5.95 percent since yesterday

Dogecoin is back in the top 10 after being nudged out by Shiba Inu

Shiba Inu’s price has dropped by 29.3 percent since yesterday

It’s only cryptocurrency in the top ten in the red

Shiba Inu temporarily rose to become the seventh biggest cryptocurrency amid the price cash

It’s now ranking 10th at a price of $0.0006202

Disclaimer

These are the top cryptocurrencies by volume according to CoinMarketCap | Prices updated as of October 29, 10 am IST and may change over the course of the day