Today, cryptocurrency prices rose after falling in recent sessions, with Bitcoin trading above the USD30,000 mark. The world's largest and most popular stock increased by nearly 3% to USD30,190. However, it is down 36% so far this year and is trading well below its November 2021 high of USD69,000. On the other hand, Ether, the second largest cryptocurrency and the unit tied to the Ethereum network, increased by over 4% to USD2022. Meanwhile, the price of dogecoin has increased to USD0.08, while Shiba Inu has increased by more than 3% to USD0.000012.
Other digital tokens' performance improved over the last 24 hours, with Solana, Cardano, Avalanche, Polygon, Stellar, XRP, Polkadot, Tron, Litecoin, and Uniswap prices trading with gains; however, Terra (Luna) continues to lose ground, falling over 5% to USD0.00013.
Last week (7-13 May), global crypto funds experienced record weekly net inflows of USD274 million, indicating that investors regarded the recent terraUSD (UST) stablecoin de-peg and its attendant broad sell-off as a buying opportunity, according to digital asset management CoinShares. Bitcoin, the world's most popular crypto asset, benefited the most last week, with inflows totaling USD299 million.