Bitcoin, ether, Shiba Inu fall while Solana, Cardano surge. Check crypto prices

Ether, the ethereum blockchain-linked currency and the second-largest crypto, also fell 1% to $ 4,555, according to CoinDesk, while dogecoin fell 1% to $ 0.26. Other digital tokens such as XRP, Solana, Cardano, Uniswap, Litecoin, Polkadot traded at a profit during the last 24 hours. Shiba Inu, which has been on a record rally since recent sessions, declined more than 11% to $ 0.000059.

Ether, the world's second-largest cryptocurrency, hit an all-time high on Wednesday, catching up with the bitcoin rally and capitalizing on news of wider blockchain adoption.

The constant flow of news about the adoption of cryptocurrencies by banks, the growth of non-fungible tokens on virtual gaming platforms, the launch of US ETFs based on bitcoin futures, and the need for diversification among investors in a Uncertain interest rate environment have driven several blockchain tokens, including bitcoin and ether, higher since October.

Bitcoin has more than quadrupled in the past year and hit a record near $ 67,000 last month amid optimism around the debut of exchange-traded funds backed by Bitcoin futures in the US and concerns. declines on issues like China's crackdown on the digital asset space.

Meanwhile, Australia's largest bank, Commonwealth Bank of Australia, said on Wednesday that it will become the first in the country to offer crypto services to retail clients.

According to digital asset researcher CryptoCompare, assets under management (AUM) in digital investment products increased 45.5% in October to a record $ 74.7 billion. Total AUM for bitcoin-based products grew 52.2% to $ 55.2 billion, while ethereum-based funds AUM increased 30% to $ 15.9 billion, record levels for both. categories.

(With inputs from agencies)