Cryptocurrency news today: Cryptos trading in red; Bitcoin down by 0.02%


New Delhi: Cryptocurrencies are trading in the red on November 11. The global cryptocurrency market capitalisation is Rs 207.61 lakh crores which mark a 3.79% decrease over the last 24 hours. The total cryptocurrency market volume is Rs 1,304,913 crores, which marks a 27.74% increase over the last day.

Currently, Bitcoin is trading at Rs 52,18,371, with a dominance of 43.55%, which results in a decrease of 0.02% over the last day.

Followed by Iotx, Loopring, and Bitcoin, meme coin Shiba Inu occupied the fourth position on the WazirX exchange in terms of volume.

SHIB is a self-proclaimed “dogecoin killer” that was founded in August 2020 by a person who uses the name of Ryoshi. The coin is modelled after Dogecoin. Currently, it is trading at Rs 0.003988, which results in 7.57% lower since November 10.

Tim Cook, Apple’s CEO has stated that he has personally bought cryptocurrencies as a part of his portfolio; however, there is no intention of Apple joining the cryptocurrency hub.

“I think it’s reasonable to own it as part of a diversified portfolio,” stated Cook at the New York Times DealBook Online Summit. He reminded his audiences that he was not giving any investment advice.

Cook has shown interest in cryptocurrencies a lot in recent times and has been researching it as well. Besides, he clarified that Apple has no intention of holding crypto neither now nor even in the future.

“There are other things that we are definitely looking at,” he added.

MicroStrategy also invested $425 million dollars into Bitcoin, in August 2020. Currently, it holds 114,042 BTC, according to Buy Bitcoin Worldwide.

Companies like Tesla and Square Inc have declared their cryptocurrency holdings.

Earlier, Tesla’s CEO Elon Musk stated that the company will “most likely” resume accepting Bitcoins as a means of payment for the electric car. This will come after the company conducts due diligence on the amount of renewable energy used to mine the currency.