Dogecoin’s prices are up approximately 9 percent today, whilst Shiba Inu prices are down approximately 7 percent.
Prices of cryptocurrencies have dipped today after soaring the day before, with Bitcoin sliding below $43,000 for the second time. Trading in the world’s most expensive digital coin was down more than 2 percent to $42,787, according to CoinMarketCap. Since the start of the new year, the price of bitcoin has fallen by around 8% on a global scale.
CoinDesk’s second-largest cryptocurrency, Ether, has lost almost 3% to $3,266. According to coinmarketcap.com, Dogecoin was up over 9% to $0.17, while Shiba Inu was down nearly 7% to $0.000030. Binance Coin, on the other hand, was trading marginally lower at $480.
Except for Tether (USDT), USD Coin (USDC), and Binance USD (BNBUSD), all of the cryptocurrencies mentioned above have lost value in the last 24 hours. According to CoinGecko, the overall market cap of all cryptocurrencies is at $2.15 trillion, down over 2% from yesterday.
XETRA, the world’s largest acquisition of FairX, a cryptocurrency futures exchange, brings crypto derivatives to US traders. LMX Labs’ brand name is FairX. The introduction of FairX was years ago.
In addition to offering futures products, it is a subsidiary of the Commodity Futures Trading Commission (CFTC). Coinbase said in a statement that it expects to allow both retail and institutional clients to trade regulated crypto futures.
In the first week of 2022, bitcoin investment products and funds witnessed net withdrawals of $207 million, according to CoinShares.
Since mid-December, the industry has lost $465 million, or 0.8 percent of total assets under administrative management.