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

Oct 29, 2021 Credit: Canva

The cryptocurrency market saw a steep decline this week

But is back in the green with Ethereum finishing the Altair upgrade Credit: Canva

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 Credit: Canva

Bitcoin is back above $60,000

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

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 Credit: Canva

Binance Coin is also in the green at $495.47

It has jumped by 8.71 percent since yesterday Credit: Canva

Cardano has managed to climb back above $2

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

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 Credit: Canva

According to FXStreet, Solana is showing bullish signals

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

Polkadot is also climbing higher, currently at $43.49

It’s up by 5.95 percent since yesterday Credit: Canva

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

The meme coin has jumped by 24.5% in the last 24 hours, currently at a price of $0.2933 Credit: Canva

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

It’s only cryptocurrency in the top ten in the red Credit: Canva

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 Credit: Canva

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 Credit: Canva