{"id":14969,"date":"2021-11-09T13:39:26","date_gmt":"2021-11-09T18:39:26","guid":{"rendered":"https:\/\/www.technewsday.com\/?p=14969"},"modified":"2021-11-22T16:57:39","modified_gmt":"2021-11-22T21:57:39","slug":"bitcoin-ether-prices-scale-to-new-peaks","status":"publish","type":"post","link":"https:\/\/technewsday.com\/staging\/bitcoin-ether-prices-scale-to-new-peaks\/","title":{"rendered":"Bitcoin, Ether Prices Scale To New Peaks"},"content":{"rendered":"\n<p>Bitcoin and ether hit record highs in Asia trade on Tuesday, driven by enthusiasm for cryptocurrency adoption and concerns about inflation causing momentum and flows into cryptocurrencies.<\/p>\n\n\n\n<p>Bitcoin peaked at $68,564 in Asian afternoon trading, while ether hit $4,825, both currencies that have doubled in value since June and gained nearly 70% against the dollar last month.<\/p>\n\n\n\n<p>Meanwhile, inflows into bitcoin products and funds have reached a record $6.4 billion this year, with the total inflows reaching $95 million last week alone.<\/p>\n\n\n\n<p>In addition, Grayscale, the world&#8217;s largest digital currency manager, plans to transform its flagship Bitcoin trust into an exchange-traded spot Bitcoin fund and create a &#8220;future of finance&#8221; fund to track companies involved in the fast-growing digital economy.<\/p>\n\n\n\n<p>Despite some setbacks, bitcoin is now 1680% higher than its March 2020 low, boosting the total market capitalization of cryptocurrencies above $3 trillion, according to cryptocurrency exchange rate and data aggregator CoinGecko.<\/p>\n\n\n\n<p>CoinMarketCap, conversely, estimated it at $2.94 trillion. Either way, the core believers in the crypto markets remain very bullish.<\/p>\n\n\n<p>For more information, you may view the <a href=\"https:\/\/www.reuters.com\/technology\/bitcoin-hits-new-record-crypto-market-cap-exceeds-3-tln-2021-11-08\/\">original story<\/a> from Reuters.<\/p>","protected":false},"excerpt":{"rendered":"<p>Bitcoin and ether hit record highs in Asia trade on Tuesday, driven by enthusiasm for cryptocurrency adoption and concerns about inflation causing momentum and flows into cryptocurrencies.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[9],"tags":[124],"class_list":["post-14969","post","type-post","status-publish","format-standard","hentry","category-todays-news","tag-bitcoin"],"acf":[],"_links":{"self":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/comments?post=14969"}],"version-history":[{"count":4,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14969\/revisions"}],"predecessor-version":[{"id":14980,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/posts\/14969\/revisions\/14980"}],"wp:attachment":[{"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/media?parent=14969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/categories?post=14969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/technewsday.com\/staging\/wp-json\/wp\/v2\/tags?post=14969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}