Bitcoin (BTC) Once again faster than expected, and once again this may relate to the news regarding Bitcoin futures exchange-traded fund (ETF). More on that later on Crypto Insiders. positive vibes on Cryptocurrency Now the market also extends to Altcoins. Almost all prices are very green compared to what they were 24 hours ago and the total market capitalization has increased to $2.62 trillion.
Bitcoin (BTC) She cashed out $60,000 for the first time in months yesterday morning, but was initially turned down there, as expected. The price briefly dropped to $59,000, but by the end of the afternoon bitcoin was back at $60,000. A few hours later, the price broke due to a batch of ETF news. Bitcoin then made a big jump, reaching $62,000. Towards the end of the evening, the price jumped again and touched $63,000 on several exchanges.
The rate of BTC was only three times above $63,000, i.e. between the 13th and 16th of April. On April 14, Bitcoin reached a level absolutely high (ATH) about $64,800. So bitcoin was less than 3% away from its ATH.
However, the resistance around $63,000 has turned out to be quite significant for the time being and bitcoin dropped back towards $61,000 last night, but the price is still holding above that. This morning, Bitcoin peaked around $62,500, but failed to break here and fell back to $61,500 at the time of writing.
If bitcoin continues to rise so quickly, we may see a new record high this weekend and who knows how far the price could go.
The short-term trend is directed by the bulls. # bitcoin
The basis of the new trend reference channel must or can be tested.
Stay tuned for the last chance before ATH 🎯🚀 pic.twitter.com/4qs1ugp2nM
– G aah (@gaah_im) October 16, 2021
Ethereum (ETH) It also attracts a lot. Ether recovered $3,800 yesterday and jumped to $3,900 last night. There, ether was initially rejected, but the price stayed above $3850. This morning, the ether suddenly took a huge leap, reaching $3,950 at the time of writing. Ether could reach $4,000 this weekend for the first time since mid-May. However, it wouldn’t be surprising that there was a lot of resistance here.
While the rest of the top 10 is also up 3-5% this morning, Polkadot (DOT) is rising significantly faster. The price of DOT rose sharply yesterday evening from $40.2 to $44.8, an increase of 11.4%. This is also the highest DOT rate since ATH from mid-May. At the time of writing, DOT is down to $43.7, and the price is up 30% this week.
In the top 100, we find two cryptocurrency prices that are rising faster. Ampere (AMP) continued to push through the night and the price is currently standing at $0.052 after rising 15%. The chart (GRT) is up 18% today and currently stands at $0.835. This is still 70% below the ATH for February.
“Lifelong zombie fanatic. Hardcore web practitioner. Thinker. Music expert. Unapologetic pop culture scholar.”