Cryptocurrency Prices Today: Bitcoin, Polkadot fall, Tether surges over 2%

 Cryptocurrency prices continue to be in the red on November 11. The global cryptocurrency market cap is Rs 207.61 lakh crores, a 3.79 percent decrease over the last day, while the total crypto market volume over the last 24 hours is Rs 1,304,913 crores, which makes a 27.74 percent increase.

Bitcoin's price is currently Rs 52,18,371 and its dominance is currently 43.55 percent, a decrease of 0.02 percent over the day.

Meme cryptocurrency Shiba Inu slided to fourth position on the WazirX exchange in terms of volume with Iotx, Loopring and Bitcoin ahead of it.

SHIB, the self-proclaimed "dogecoin killer", which was created in August 2020 by someone who uses the name Ryoshi, is modelled after Dogecoin. It is currently trading at Rs 0.003988, 7.57 percent lower since November 10.

Apple CEO Tim Cook revealed that he has bought cryptocurrencies as a part of his portfolio but denied Apple’s intentions to join the cryptocurrency club.

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

Cook said that he had been interested in cryptocurrency for a while and had also done his own research on it.

Furthermore, the CEO clarified that Apple did not hold any cryptocurrency and had no plans to do so.

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

In August 2020, MicroStrategy invested $425 million dollars into Bitcoin. It currently holds 114,042 BTC, according to Buy Bitcoin Worldwide.

Several other publicly listed companies including Tesla and Square Inc have declared their cryptocurrency holdings.

Tesla’s chief executive Elon Musk had earlier said that the electric car maker will “most likely” resume accepting Bitcoin as payments after it conducts due diligence on the amount of renewable energy used to mine the currency.