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Bitcoin price news – live: Bitcoin and ethereum slightly rise, Polkadot surges – Yahoo Finance UK

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Billed as Ethereum rival, Solana's blockchain technology claims to enable faster smart contract transactions at lower price
Bitcoin has almost recovered from two flash crashes on Wednesday which wiped hundreds of billions of dollars from the crypto market, and is currently priced at about $62,000.
Ethereum (eth) and Solana (sol), which also dropped in value last Wednesday, have recovered since.
After hitting a record high of about $4,400 on Friday, ETH slipped on Monday, but has grown by about 2 per cent in the last 24 hours. It is currently inching closer to the $4,400 mark again.
Polkadot has had the biggest surge in the last 24 hours, growing by about 15 per cent during the period.
Meme currency dogecoin, and its spin-off Shiba Inu coin, have slipped in value over the last 24 hours after their steep growths last week.
Despite BTC’s latest price slide, some prominent analysts have stuck by earlier predictions that bitcoin will hit new all-time highs before the end of 2021.
We’ll have all the latest news, analysis and expert price predictions in our live coverage of the crypto market below.
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03:01 , Vishwam Sankaran
Polkadot surges by about 15 per cent
Bitcoin, after reaching a value of above $62,000 on Monday, has slipped to about $61,000.
The cryptocurrency is almost priced the same as it was 24 hours earlier.
Polkadot has surged by above 14 per cent over the last day while meme coins shiba inu and dogecoin have slipped in their values in the last 24 hours.
Ethereum has grown by over 1 per cent compared to its value a day earlier while cardano and solana almost remain the same as their prices 24 hours earlier.
The overall crypto market has grown by more than a per cent in the last day and is currently valued at about $2.63 trillion.
Monday 1 November 2021 11:17 , Vishwam Sankaran
Bitcoin Whitepaper turns 13
The first-ever whitepaper on Bitcoin, published online by a person with the pseudonym Satoshi Nakamoto, has turned 13.
The document “Bitcoin: A Peer-to-Peer Electronic Cash System” which detailed the working of the decentralised virtual currency was published on October 31, 2008.
A pseudonymous person or group published the Bitcoin white paper exactly 13 years ago today.

That idea has grown into a $1 trillion network that is used by 100+ million people around the world.

If you haven’t read it, I highly suggest you do.https://t.co/Xehy6Dk2ck
— Pomp 🌪 (@APompliano) October 31, 2021
Several leading crypto investors and enthusiasts took to twitter to celebrate and express gratitude to Nakamoto who still remains anonymous.
13 years ago today, the #Bitcoin white paper was published and the world as we know it would be forever changed.
— Cameron Winklevoss (@cameron) November 1, 2021
Happy Bitcoin Whitepaper Day

The anniversary of the Bitcoin whitepaper marks the beginning of the most powerful movement for human rights and individual empowerment in human history.

Thank you Satoshi!
https://t.co/tCWSyjtCqm
— Charlie Shrem (@CharlieShrem) October 31, 2021
Monday 1 November 2021 03:12 , Vishwam Sankaran
The prices of several cryptocurrencies including bitcoin, ethereum, and cardano have slipped by about 2 to 4 per cent in the last 24 hours.
Bitcoin’s value has dropped by about 2 per cent over the last day, but cointinues to be valued above $60,000.
Ethereum, after reaching an all time high value of over $4,400 on Friday, has slipped in price to about $4,200. ETH has dropped in value by about 3 per cent in the last 24 hours.
However, meme cryptocurrencies dogecoin and shiba inu have surged in value over the last 24 hours.
Shiba inu is up by about 13 per cent in the last day while dogecoin has grown by over 2 per cent in this period.
The global crypto market is still above $2.5 trillion but has slipped by about 2 per cent compared to its value a day earlier.
The chart is mostly red with marginal signs of recovery.
Friday 29 October 2021 08:48 , Vishwam Sankaran
Ether surges to all-time high
ETH, the largest cryptocurrency after bitcoin, rose to a record high on Friday of about $4,400, surging by nearly 8 per cent in the last 24 hours.
The cryptocurrency, currently priced above $4,300, has grown by nearly 50 per cent in the last month.
Experts say the price surge is linked to a recent technical upgrade to the Ethereum blockchain network.
Ether, the largest cryptocurrency after Bitcoin, climbs as much as 3.3% to a record high of $4,391.81 https://t.co/ARZjm2LbdH
— Bloomberg Asia (@BloombergAsia) October 29, 2021
Friday 29 October 2021 04:05 , Vishwam Sankaran
The prices of several cryptocurrencies, including bitcoin, ethereum, solana, and cardano have surged in the last 24 hours with the overall crypto market growing by nearly 6 per cent in the previous day.
The global crypto market is currently valued at close to $2.62 trillion sparked on by the price surge of several cryptocurrencies.
Bitcoin has grown by over 4 per cent compared to its value a day earlier, while ethereum and solana have surged by 8 to 9 per cent in the last 24 hours.
Among meme coins, dogecoin has recovered from its drop in value earlier in the week with a price surge of over 25 per cent in the last day.
Dogecoin spinoff shiba inu, however, has slipped in value by nearly 25 per cent in the last 24 hours.
Thursday 28 October 2021 18:36 , Anthony Cuthbertson
Bitcoin’s latest price gains can be attributed to long-term holders refusing to sell, according to a new report by Kraken Intelligence.
The trend has been the driving force behind the recent price rally, and on-chain data suggests that the bull run is still in full swing.
Recent price crashes “appear to have been a market retracement rather than a full-blown trend reversal”, the report claims. Meanwhile, retail investors are calling for a “No Sell November”.
You can read all about Kraken Intelligence’s latest report here.
Bitcoin ‘supply shock’ pushes price higher as investors refuse to sell
Thursday 28 October 2021 16:13 , Anthony Cuthbertson
A bitcoin wallet that has lain dormant for 11 years has suddenly activated, blockchain data has revealed.
In the time since it was last touched, the 50 bitcoins in the Satoshi-era wallet have risen in value from less than $4 to more than $3 million.
It is the latest stash of “sleeping bitcoin” to awaken in recent months, with a similar amount moved back in July. Data from on-chain analytics firm Glassnode estimates that nearly a third of all bitcoin in circulation is held by long-term owners.
You can read the full story here.
Bitcoin wallet from Satoshi era mysteriously activates after 11 years
Thursday 28 October 2021 10:42 , Anthony Cuthbertson
A mini price surge has seen bitcoin return above $60,000, boosting several other leading cryptocurrencies.
Every single one of the top 40 most valuable cryptocurrencies are now in the green over the last 24 hours, according to CoinMarketCap’s price index. The crypto market recovery means the price of Ethereum (ether) is back above $4,000, while Cardano (ada) has returned above the $2 mark.
Dogecoin appears to be putting up a fight against its younger rival, reaching towards $0.30 and closing in on the all-time high market cap of Shiba Inu.
Thursday 28 October 2021 09:41 , Anthony Cuthbertson
The president of El Salvador has used the latest bitcoin price crash as an opportunity to stock up on the cryptocurrency.
President Nayib Bukele revealed on Twitter that the Central American country has added another 420 bitcoins to its stash, which he claims is already making profit as the price begins to rise.
El Salvador became the first country in the world to make the cryptocurrency legal tender when it introduced the Bitcoin Law last month, offering each of its citizens $30 of BTC to encourage its roll out. The price is currently up roughly $10,000 since then, meaning anyone who held on is also in profit.
It was a long wait, but worth it.

We just bought the dip!

420 new #Bitcoin🇸🇻
— Nayib Bukele 🇸🇻 (@nayibbukele) October 27, 2021
Thursday 28 October 2021 04:08 , Vishwam Sankaran
Several cryptocurrencies, including bitcoin, ethereum, and solana have dropped in value in the last 24 hours, while the meme coin shiba inu continues to surge ahead growing by nearly 75 per cent in the last day.
Bitcoin is currently priced at $59,000, slipping by more than 2 per cent compared to its value a day earlier.
Ethereum (eth), solana (sol), and cardano (ada) have also dropped in value between 4 to 9 per cent over the last 24 hours.
The chart looks all red with no signs of recovery yet as the global crypto market is down by about 4.5 per cent in the last day, currently valued at $2.46 trillion.
Wednesday 27 October 2021 20:48 , Anthony Cuthbertson
Shiba Inu coin has overtaken dogecoin, surpassing the original meme coin’s $31 billion market cap.
Shiba Inu now ranks as the ninth most valuable cryptocurrency in the world, according to CoinMarketCap’s price index.
While other leading cryptocurrencies continue to flounder, SHIB is now up more than 60 per cent over the last 24 hours, and 180 per cent over the last week. When zooming out on the market even further, Shiba Inu’s price rise is even more astonishing, increasing by more than 700,000 per cent since January.
Wednesday 27 October 2021 16:19 , Anthony Cuthbertson
The price of Shiba Inu has just hit a new all-time high, despite today’s crypto market crash.
The meme coin’s market cap is now $25 billion – just $6 billion away from dogecoin’s – making it the world’s 11th most valuable cryptocurrency.
Today’s gains build on a price rally that has seen it rise more than 700 per cent since the start of October, and 700,000 per cent since January.
You can read the full story about the latest crypto meme sensation right here.
Shiba Inu coin price sky rockets to all-time high despite crypto crash
Wednesday 27 October 2021 15:47 , Anthony Cuthbertson
Some Coinbase users are reporting issues with the trading app, though it still appears to be functioning, albeit sluggishly.
This is often the case when there are sudden market movements, with previous bitcoin crashes this year causing major crypto exchanges like Coinbase and Binance to temporarily become inaccessible to customers.
Website health monitor DownDetector is currently seeing a spike in reports of Coinbase being down, though it mostly just appears to be issues of speed rather than an actual outage. Some customers are complaining that they’re unable to buy Shiba Inu coin, which is bucking market trends right now with a record-breaking price surge.
Wednesday 27 October 2021 14:08 , Anthony Cuthbertson
In what would be a major development for the crypto space, regulators in the US are reportedly developing guidelines for banks to hold bitcoin and other cryptocurrencies.
The chair of the Federal Deposit Insurance Corporation (FDIC) told Reuters that it was important to bring this activity inside the banks, otherwise “it is going to develop outside the banks” and “the federal regulators won’t be able to regulate it”.
The move could launch a new wave of BTC and crypto adoption and make holding cryptocurrencies much more secure for the average user.
You can read the full story here.
US regulators are reportedly finding ways for banks to hold crypto assets
Wednesday 27 October 2021 12:53 , Anthony Cuthbertson
Following bitcoin’s flash crash, which took most of the crypto market down with it, we’ve heard from some crypto experts to get their thoughts on what caused it, and what comes next.
Freddie Evans, a sales trader at the UK based digital asset broker GlobalBlock, says that there are “more buyers than sellers in this morning’s session so far”, confirming the “buy the dip” mentality that has been prevalent across social media this morning.
Here’s what he told The Independent:
The markets have taken a tumble this morning after bitcoin broke the $60,000 support. Investors have been on edge expecting a correction as the markets have looked over leveraged.
The drop has been predicted by many analysts and provides an opportunity to those looking to buy the dip, meaning it could be that this retracement is short lived and we head back above $60,000 before too long. Almost all coins are down over the last 24 hours, but we’ve seen more buyers than sellers in this morning’s session so far.
Freddie Evans, GlobalBlock
Wednesday 27 October 2021 10:53 , Anthony Cuthbertson
Bitcoin investors, traders and analysts are reacting to the latest crash on social media, with a large portion defiantly describing it as a “flash sale”.
One writes: “Buy the dip, thank me later”.
$BTC, $ETH, $SOL, $BNB is on sale right now. In fact everything is.

Buy the dip! This might be the last chance! 🚀#retest #altcoins #BITCOIN
— CryptoCalq (@cryptocalq) October 27, 2021
Meanwhile, pseudonymous Dutch analyst PlanB, whose widely-vaunted bitcoin price prediction model puts the cryptocurrency on track for six figures this year, remains firmly undeterred by the dip.
Small and stoploss traders selling their holdings will ultimately be the big losers, he claims, while “big market players” will scoop up the discounted bitcoin and hold it to new highs.
Classic
– step 1: liquidate all leveraged longs
– step 2: 🚀 pic.twitter.com/UwHcpj8CjI
— PlanB (@100trillionUSD) October 27, 2021
Wednesday 27 October 2021 10:14 , Anthony Cuthbertson
Bitcoin’s flash crash looks severe when viewing hourly charts, but it’s nothing new for a cryptocurrency accustomed to massive price swings.
Two similar dips in terms of scale and timeframe were also seen last month, which were followed just a few weeks later by a new all-time high. Some analysts point to such downturns as a signal that the market has turned bearish, while bullish analysts typically describe them simply as price corrections that allow BTC to consolidate gains in preparation for another leg up.
Here’s how the latest flash crash looks when zooming out on bitcoin’s price movements over the last 12 months.
Wednesday 27 October 2021 09:31 , Anthony Cuthbertson
Bitcoin is still falling, crashing below $59,000 and taking its total losses to more than $5,000.
It’s had a massive impact on the overall market, with several leading cryptocurrencies now down by more than 15 per cent – you can read more here.
Bitcoin price crash sees hundreds of billions wiped from crypto market
Wednesday 27 October 2021 09:05 , Anthony Cuthbertson
The price of bitcoin has dropped below $60,000 following two minor flash crashes on Wednesday morning.
It is now down by roughly $4,000 since this time yesterday, with blockchain data suggesting that the price dip is a result of long-term BTC holders taking some profit’s after the recent all-time high.
Bitcoin briefly dipped below $60,000 last week but immediately rebounded, so the next few hours will prove key in determining whether or not it has found solid resistance at this level.
Wednesday 27 October 2021 04:12 , Vishwam Sankaran
Bitcoin has slipped in value by over 3 per cent in the last 24 hours and is currently valued at close to $60,500.
Ethereum, cardano, and solana have also dropped in price by about 1 to 3 per cent compared to their values a day earlier.
Among meme coins, while dogecoin has slipped by about 3 per cent, shiba inu coin has surged by more than 16 per cent in the last 24 hours.
The global crypto market has dropped in value by about 2 per cent in the last day and is currently valued at about $2.57 trillion.
Tuesday 26 October 2021 17:59 , Anthony Cuthbertson
Bitcoin’s refusal to shift very far from the $63,000 mark as October comes to a close fits with a forecast made back in June.
The pseudonymous crypto analyst PlanB, who has gained more than a million Twitter followers over the last year as a result of his highly-regarded Stock-to-Flow model, made a prediction four months ago about what bitcoin’s price would be for each remaining month of 2021.
He predicted BTC’s closing price for both August ($47,000) and September ($43,000) to within a fraction of a per cent, and puts October’s price at $63,000. The final couple of months will prove the most eventful, according to his prediction, reaching six figures by Christmas.
Bitcoin is below $34K, triggered by Elon Musk's energy FUD and China's mining crack down.

There is also a more fundamental reason that we see weakness in June, and possibly July. My worst case scenario for 2021 (price/on-chain based): Aug>47K, Sep>43K, Oct>63K, Nov>98K, Dec>135K pic.twitter.com/hDONOVgxH1
— PlanB (@100trillionUSD) June 20, 2021
You can read more about PlanB’s price prediction model here.
Tuesday 26 October 2021 17:16 , Anthony Cuthbertson
With bitcoin continuing to hover around the $60,000-$64,000 region, one crypto industry figure has described the next week as being “key” to determining the direction of the market over the next few months.
Tim Frost, CEO of decentralised finance platform Yield App, tells The Independent that market momentum could shift in Ethereum’s favour over the coming days if BTC fails to build further on its October gains.
“Ethereum is perhaps at that mythical moment of ‘the flippening’ where it moves higher than bitcoin in terms of price momentum,” he says.
“This week will be key to see if that in fact transpires, as it will be to see whether or not bitcoin will push through its previous all-time high for anything more than two minutes. The bulls are still gunning for a three-figure end to the year, although somewhere between the range of $70-$90,000 is likely more realistic, with three figures potentially transpiring towards the end of Q1.”
Tuesday 26 October 2021 11:25 , Anthony Cuthbertson
One of the driving forces behind bitcoin’s spectacular price crash between April and July was China’s crackdown on crypto mining.
Now reports suggest China could be reconsidering its ban, which cryptocurrency experts say could supercharge BTC’s price rally. One industry figure tells The Independent that it would “almost certainly act as a significant catalyst for bitcoin’s price and the crypto market as a whole”.
The collapse of China’s bitcoin mining share, as this graph shows, mirrored the price drop of the cryptocurrency in mid 2021, as miners were forced to shut down operations.
So how likely is a reversal of this policy, and could China introduce more favourable regulation for bitcoin trading? You can read the full story here.
Could China be about to unban bitcoin?
Tuesday 26 October 2021 10:22 , Anthony Cuthbertson
Mastercard has partnered with digital assets firm Bakkt to allow any bank or merchant on its network to embed bitcoin and other cryptocurrencies into their products.
The payments giant has previously described cryptocurrencies as an “important part of the payments world”, with previous announcements about incorporating them into its network often preceding a market rally.
The partnership with Bakkt will allow banks, fintechs or merchants to introduce the option for customers to buy, see and hold cryptocurrency, as well as earn reward in crypto.
Our partnership with @Bakkt is making it easier for #merchants, #fintechs and #banks in the U.S. to embrace a broad set of #crypto solutions and services https://t.co/7QPVz8rGfN
— Mastercard News (@MastercardNews) October 25, 2021
Tuesday 26 October 2021 09:53 , Anthony Cuthbertson
The price of bitcoin continues to hover around $63,000 this morning, moving by less than a tenth of a per cent since this time yesterday.
The overall crypto market appears to be in a period of consolidation after nearly a month of steady gains.
Since the start of October, the total cryptocurrency market cap has risen by more than $700 billion to $2.63 trillion to hit new all-time highs.
Most other leading cryptocurrencies remain relatively steady, with Ethereum (ether), Binance Coin, Cardano (ada), Ripple (XRP), Polkadot and dogecoin all moving by between 0-2 per cent since yesterday.
Tuesday 26 October 2021 04:16 , Vishwam Sankaran
The prices of several cryptocurrencies, including Bitcoin, Ethereum, and Solana have grown in the last 24 hours.
Bitcoin has risen in value by over a per cent in the last day while Ethereum (ETH) and Cardano (ADA) have grown by about 2.5 per cent compared to their values 24 hours earlier.
The global crypto market has grown by more than 2 per cent in the last day and is currently valued at close to $2.63 trillion.
Monday 25 October 2021 17:39 , Anthony Cuthbertson
Amid a resurgent crypto market, Solana (SOL) has just hit a new all-time price high.
The cryptocurrency reached above $2.18 on Monday afternoon, according to CoinMarketCap’s price index, pushing its market cap above $65 billion. Its total gains for 2021 now top 12,000 per cent.
Solana’s founders claim its real competition is financial markets, rather than just other cryptocurrencies.
“Literally the goal of Solana is to carry transactions as fast as news travels around the world – so speed of light through fibre. Who we’re competing with is Nasdaq and the New York Stock Exchange,” Solana Labs CEO Anatoly Yakovenko said last month.
You can read all about Solana and its astonishing rise right here.
What is Solana? The crypto that is rising 200-times faster than bitcoin in 2021
Monday 25 October 2021 13:50 , Anthony Cuthbertson
Pseudonymous Dutch analyst PlanB has shared the latest update to his much-vaunted Stock-to-Flow price prediction model for bitcoin.
The latest all-time high means the chart has returned to the red zone, which can typically mean months of new record highs.
“When bitcoin is in all-time high mode (colour turns red), it usually stays in ATH mode (red) for a couple of months,” he previously tweeted.
According to PlanB’s analysis, bitcoin is on track to hit six figures before Christmas and could eventually command a market cap of $100 trillion.
🔴 pic.twitter.com/b7k9dOUV0z
— PlanB (@100trillionUSD) October 25, 2021
Monday 25 October 2021 12:15 , Anthony Cuthbertson
Dogecoin has shot up more than 15 per cent following Musk’s comments about his crypto holdings, which he followed up with a succession of tweets specifically about the meme-inspired crypto.
He described it as “the people’s crypto”, revealing that “lots of people” on the production lines at Tesla and SpaceX own Doge. He also offered advice on how to improve dogecoin and make it more suitable for use as a mainstream form of payment.
“What matters imo is lowering fees, decreasing block time and increasing block size,” he said. “A single layer network with exchanges as de facto layer 2 seems like the simplest solution for a medium of exchange.”
Musk’s exact dogecoin holdings are unknown, though he previously said his crypto stash was the only thing of “significant value” that he owns, beyond SpaceX and Tesla stock. He is currently the wealthiest person on the planet, with a net worth in excess of $250 billion. Jeff Bezos, his closest rival, is worth less than $200bn, according to the Bloomberg Billionaires Index.
You can read the full story about how Elon Musk became fascinated with dogecoin right here.
How did Dogecoin become Elon Musk’s favourite cryptocurrency?
Monday 25 October 2021 11:39 , Anthony Cuthbertson
Elon Musk has confirmed his personal crypto portfolio includes bitcoin, Ethereum (ether) and dogecoin – but no Shiba Inu or Floki Inu.
“Out of curiosity, I acquired some ascii hash strings called ‘Bitcoin, Ethereum and Doge’. That’s it,” he tweeted. “As I’ve said before, don’t bet the farm on crypto! True value is building products and providing services to your fellow human beings, not money in any form.”
As the CEO of Tesla, Musk became the most high-profile executive to invest company cash reserves into BTC earlier this year, buying $1.5 billion worth of the cryptocurrency. The electric car maker has benefitted massively from the price rally, with its investment nearly doubling over the last few months.
Out of curiosity, I acquired some ascii hash strings called “Bitcoin, Ethereum & Doge”. That’s it.

As I’ve said before, don’t bet the farm on crypto! True value is building products & providing services to your fellow human beings, not money in any form.
— Elon Musk (@elonmusk) October 24, 2021
Monday 25 October 2021 04:38 , Vishwam Sankaran
The global crypto market has almost remained unmoved in the last 24 hours, currently valued at about $2.58 trillion. Bitcoin has risen in value by about 1 per cent over the last day while Ethereum remains unmoved.
Other cryptocurrencies, including Dogecoin and Solana have also grown compared to their prices a day earlier while Cardano has marginally slipped in value during this period.
Friday 22 October 2021 13:17 , Andrew Griffin
As crypto trades down, stocks are up. Here’s the latest from AP:
Shares were mostly higher in Europe on Friday after a mixed session in Asia.
Benchmarks rose in Paris, London, Tokyo and Hong Kong. Shares fell in Shanghai and Seoul.
An official newspaper, the Securities Times, and other state media said China Evergrande Group made an overdue bond payment on Friday.
Evergrande wired $83.5 million to account for a bond payment that was due Sept. 23, the reports said. The company’s Hong Kong-traded shares gained 4.3%.
The property developer’s struggle to reduce its 2 trillion yuan ($310 billion) of debt to comply with tighter official curbs on borrowing has prompted fears a default might trigger a financial crisis.
The news of the payment followed Evergrande’s announcement a day earlier that it was running into difficulties selling assets to alleviate its liquidity crisis and that a plan to sell its property services arm had fallen through.
Germany’s DAX gained 0.4% to 15,535.16. In Paris, the CAC 40 jumped 1.1% to 6,759.46, while Britain’s FTSE 100 added 0.4% to 7,220.57. The future for the S&P 500 was nearly unchanged while the future for the Dow industrials gained less than 0.1%.
On Thursday, the S&P 500 rose 0.3% to 4,549.78, its seventh straight gain. That eclipsed the record high it set on Sept. 2. It is on pace for its third straight weekly gain.
The Dow slipped less than 0.1%, to 35,603.08. It is just below its all-time high set on Aug. 16. The Nasdaq gained 0.6% to 15,215.70, while the Russell 2000 rose 0.3%, to 2,296.18.
Friday 22 October 2021 13:14 , Andrew Griffin
It’s a red day in the cryptocurrency market – rare over the last few weeks. Bitcoin is down 1.9 per cent, and the other coins that had benefited from bitcoin’s rally such as Cardano and Ethereum are down too.
Solana is the standout. It’s up more than 10 per cent today, taking up almost 30 per cent this week.
But overall it’s negative. The market is down 4.4 per cent over the last day, according to CoinMarketCap, and the amount being traded has dropped by almost 17 per cent.
Friday 22 October 2021 06:18 , Anthony Cuthbertson
After the astonishing price gains bitcoin has seen over the last few weeks, the question is whether it can maintain this momentum.
We’ve reached out to several cryptocurrency experts to hear their thoughts on where the market goes from here, with some speculating that the latest all-time high could be eclipsed before the end of the year. Comparisons were even drawn to the first gold ETF in 2004, when the market cap of the precious metal was roughly the same as bitcoin’s today. It has since risen 11-fold.
You can read the full story here.
Where does bitcoin go from here?
Thursday 21 October 2021 16:33 , Anthony Cuthbertson
The price of bitcoin has slid to below $63,000, having peaked earlier today at close to $67,000.
The flash crash comes amid warnings that the market was overbought during the launch of the first ever bitcoin futures exchange-traded fund earlier this week.
Crypto analyst and author Glen Goodman said that there could be a short-term dip due to over-leveraged traders buying bitcoin with funds borrowed at high interest rates.
This 👇 right now https://t.co/S90Da0Dyys
— Glen Goodman (@glengoodman) October 21, 2021
Thursday 21 October 2021 15:36 , Anthony Cuthbertson
PayPal co-founder Peter Thiel has revealed that he regrets not investing more money in bitcoin following its latest price record.
The billionaire venture capitalist, who was one of the earliest investors in Facebook, told Bloomberg that he should follow fellow PayPal founder Elon Musk’s lead by buying a significant amount of the cryptocurrency and holding it for the long term.
“You’re supposed to just buy bitcoin,” he said. “I feel like I’ve been underinvested in it… I think the answers are still to go long.”
He also warned that bitcoin’s latest rally is a major concern for the traditional financial system, saying that BTC’s gains “surely tells us that we are at a complete bankruptcy moment for the central banks”.
Thursday 21 October 2021 13:46 , Anthony Cuthbertson
Bitcoin’s record-breaking price rally has pushed its market cap ahead of the Swiss Franc, making it the world’s 13th most valuable currency.
Data from CoinMarketCap also ranks Ethereum (ether) in the top 25 fiat currencies, just below the Swedish Krona.
With a market cap in excess of $1.2 trillion, bitcoin is also worth more than some of the world’s most valuable companies, including Facebook and Tesla. The overall crypto market is now worth more than Apple – the world’s most valuable company – at more than $2.5 trillion.
Read the full story here.
Bitcoin overtakes Swiss Franc to become world’s 13th biggest currency
Thursday 21 October 2021 10:41 , Anthony Cuthbertson
It’s been a massive 24 hours for the cryptocurrency market, with several other leading altcoins looking to follow bitcoin’s all-time high with a record-breaking price run of their own.
Ethereum is now less than $100 from its ATH, while Solana is also fast approaching its own with gains of more than 20 per cent since this time yesterday.
All of the action has pushed the overall crypto market above its previous record, breaking above $2.6 trillion for the first time in its history this morning.
Wednesday 20 October 2021 16:53 , Adam Smith
Twitter CEO Jack Dorsey, a long-time advocate of crypto, tweeted a moon emoji when bitcoin hit its peak.
🌕
— jack⚡️ (@jack) October 20, 2021
The emoji likely references the phrase ‘to the moon’, signifying a rapidly high rise.
Elon Musk made a similar reference in June 2021, causing an adult-themed cryptocurrency to increase nearly 400 per cent in ten minutes.
Wednesday 20 October 2021 16:01 , Adam Smith
While the first bitcoin futures exchange trade has excited many, it has its critics, including the Financial Times’ Robert Armstrong.
Armstrong says that many investors want the cryptocurrency process to operate like a standard financial product. Quoting an unnamed executive in the bitcoin fund industry, he argues that the “heart of the matter” is that investors’ pools of capital are in a 401k or brokerage accounts, and the ways to access bitcoin is outside of that system.
“Lots of investors want access and don’t want to do research into the myriad custodial options”, the executive says.
But Armstrong says that bitcoin is not a standard financial product; it is supported by complex technology and its source of value is a “vehicle for the purest speculation”, he writes.
“If you can’t be bothered to learn the unique subtleties involved in owning this stuff, you can’t possibly understand the risks, and so you should not own it at all. Bitcoin ETFs should not exist.”
Wednesday 20 October 2021 15:20 , Andrew Griffin
After a remarkable October, bitcoin has reached an all-time high. It’s smashed through its $64,000 previous record, and continued to trade up.
Full story here.
Tuesday 19 October 2021 18:05 , Anthony Cuthbertson
ProShares rings the bell on the first ever bitcoin futures exchange-traded fund in the US, which has now officially launched on the New York Stock Exchange.
The price of bitcoin appears to have received a big boost already, rising by more than $1,000 to reach a new six-month high of $63,400 on CoinMarketCap’s price index just a couple of minutes ago.
This is tantalisingly close to its all-time high from mid April, which is now just over $1,000 away from being hit.
ProShares (BITO) Ring the Opening Bell for Bitcoin-Linked ETF at NYSE pic.twitter.com/sL3MciwM7i
— Crypto India 🔑 (@CryptooIndia) October 19, 2021
Tuesday 19 October 2021 11:01 , Anthony Cuthbertson
Bitcoin has hit a fresh six-month price high, reaching $62,944 on Tuesday morning, according to CoinMarketCap’s price index.
It has dipped slightly in the last few minutes but anticipation of the bitcoin futures ETF remains high and some analysts are expecting more gains.
Other crypto market experts are warning that the milestone could be a case of the old trading adage “buy the rumour, sell the news”.
This was the case when El Salvador introduced bitcoin as a legal form of tender in September, though it subsequently rebounded far stronger than the dip.
Tuesday 19 October 2021 07:36 , Anthony Cuthbertson
Today is the day that the long-awaited, first-of-its-kind bitcoin futures exchange-traded fund (ETF) launches on the New York Stock Exchange.
It’s a massive milestone for the crypto industry and will open up BTC to a whole new realm of investors, while also paving the way for more cryptocurrency ETFs in the future. There could even be a further three this month.
We’ve heard from Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, who describes the launch as a “turning point” for bitcoin.
“As the digital token space evolves, we are seeing increased interest in the concept of a bitcoin ETF, as evidenced by some high-profile global launches. This has not only marked a turning point for the onboarding of institutional investors but is also a clear sign of bitcoin‘s maturity,” he says.
“Bitcoin ETFs may be a significant stimulant for the future of digital token uptake, bringing more investors as well as inspiring the sharing of knowledge within the space. Institutional investors are already driving volumes on exchanges and many expect adoption to skyrocket now that exposure and access to bitcoin will be so readily available.”
Tuesday 19 October 2021 07:22 , Anthony Cuthbertson
The price of bitcoin has hit a record all-time high on Tuesday, though not officially.
The cryptocurrency achieved the feat on an exchange in Japan, where demand appears to be soaring ahead of the launch of the bitcoin futures ETF later today in the US. Investment podcaster Preston Pysh registered bitcoin above $70,000 on one Japanese exchange, but going by CoinMarketCap’s more representative price index, BTC is still just under $2,000 away from hitting a new all-time high this morning.
New #Bitcoin ATH in Japan. pic.twitter.com/7kbkeMepmD
— Preston Pysh (@PrestonPysh) October 19, 2021
Monday 18 October 2021 17:23 , Anthony Cuthbertson
Bitcoin’s remarkable gains this month mean it has now more than doubled in price since the April-July crash took it below $30,000.
After cresting and dipping in September, bitcoin has followed the form of previous years by shooting up in price in October. Historically, November has been its strongest month, with average gains of 53 per cent since 2011, while December also typically sees a significant price increase for the cryptocurrency. Many investors will be hoping it will do the same again this year to cap off a record-breaking 2021.
Monday 18 October 2021 17:07 , Anthony Cuthbertson
With bitcoin still teasing its all-time high, we’ve reached out to two crypto experts to hear their thoughts on whether we’ll see a new record price high in the coming days.
“A lot of good news has already been price in, although with bitcoin’s all-time high just $2,000 away a fresh attempt to break this is very likely to happen in the short term,” says Nicholas Cawley, an analyst at foreign exchange firm DailyFX, who believes there could be “repeated fresh bitcoin highs” over the next couple of months.
You can read the full story here.
Bitcoin could be about to hit all-time record high
Monday 18 October 2021 13:22 , Anthony Cuthbertson
For many bitcoin advocates, breaking the price record in 2021 is a question of if, not when. For them, the real questions are how high will it go and when will it crash?
By one analyst’s estimations, the peak of this current market cycle will be hit at some point in mid December, as this is 150 days from the mid-cycle low seen in July – presuming the all-time high is breached.
By TechDev’s calculations, bitcoin will reach $70,000 at some point next week, before hitting $90,000 in November. There will then be a slight dip back to the $60,000 range, he claims, before a “parabolic run up” to a peak of $250,000.
When #Bitcoin was <1M MC, it took ~150 days to go from mid-cycle low to peak.

When #Bitcoin was ~400B MC, it took ~150 days to go from mid-cycle low to peak.

To me this is remarkable and seems important.

150 days from 2021’s mid-cycle low is mid-December.
— TechDev (@TechDev_52) October 17, 2021
Monday 18 October 2021 12:25 , Anthony Cuthbertson
With the cryptocurrency market now above $2.5 trillion, it is now worth more than all of the world’s most valuable companies.
Bitcoin alone ranks ahead of Facebook and Tesla, with only Amazon, Alphabet (Google), Saudi Aramco, Microsoft and Apple beating its market cap. Its recent price surge means its market cap is now just $20 billion away from its all-time high.
Excluding precious metals – gold and silver have a market cap of $11.19 trillion and $1.3 trillion respectively – here’s how the top assets stack up.
Monday 18 October 2021 09:41 , Anthony Cuthbertson
Bitcoin has hit a new six-month high, hitting $62,614 on Monday morning according to CoinMarketCap’s price index, leaving it less than $2,000 away from its all-time high.
It has helped push the overall crypto market cap above $2.5 trillion, which is now also teasing its own record high.
The cryptocurrency space is no longer dominated by bitcoin in the same way it was when the last peak was seen back in April.
Today, BTC only represents just over 40 per cent of the total crypto market capitalisation thanks to massive gains seen by Ethereum (ether), Cardano (ada) and other leading altcoins. This means we’ll likely see the crypto market hit a new high before bitcoin does.
Monday 18 October 2021 09:19 , Anthony Cuthbertson
to The Independent’s live coverage of the crypto market. Bitcoin appears to be closing in on a new all-time high on Monday after experiencing a huge price surge in the first half of October 2021.
The world’s leading cryptocurrency is up more than 40 per cent over the last two weeks, with other top cryptocurrencies like Ethereum (ether) and Cardano (ada) also seeing major gains.
We’ll have all the latest news, market analysis and expert price predictions throughout the day right here.
OBJ will hit free agency two years earlier than expected.
Conte appreciates scale of his task in building winning mentality at Spurs. Tottenham manager says there is no time to waste as he strives for a fitter, more tactically astute and mentally stronger squad
Rafael Benítez ready to shop in the bargain basement again in January
LOS ANGELES, November 05, 2021–Romeo Power, Inc. ("Romeo Power" or the "Company") (NYSE: RMO), an energy technology leader delivering advanced electrification solutions for complex commercial vehicle applications, today announced that it will release its third quarter 2021 financial results after market close on Monday, November 15th. This release will be followed by a conference call at 2:00 p.m. Pacific Time (5:00 p.m. Eastern Time).
Longtime NFL defensive assistant coach John Marshall has died at age 76. The San Francisco 49ers said Marshall died Tuesday. Marshall spent more than 30 years as an assistant in the NFL with his greatest success coming in San Francisco, where he won two Super Bowl titles.
Five police officers injured in clashes with protesters in Parliament Square. Anti-establishment Million Mask March group gathered to let off fireworks and demonstrate against the government
"I think Hallmark Christmas movies are really special because there's a lot more diversity in storytelling," said Ashley Williams, who stars in Sister Swap: Christmas in the City
Shares of chip-design outfit Lattice Semiconductor (NASDAQ: LSCC) jumped 18% higher in the last week, according to data provided by S&P Global Market Intelligence. This has been a top-performing name in the chip industry this year. Adding the recent run higher to the total, Lattice Semi is now up 79% year to date, and up a stunning 330% from the start of 2020.
Encouraging jobs numbers for October and news of a highly effective new COVID-19 treatment gave President Biden an encouraging capstone to a week that saw Democrats lose the gubernatorial mansion in Virginia while failing to agree on the president’s domestic spending bill in Washington.
In an interview published this week, Wolff described Horner as a “protagonist in a pantomime”.
PASADENA, Calif., November 05, 2021–The highly anticipated decadal survey, Pathways to Discovery in Astronomy and Astrophysics for the 2020s (Astro2020), presented comprehensive recommendations for making strategic federal investments critical to achieving transformational advances in US astronomy over the next decade. The report ranked the US Extremely Large Telescope Program (US-ELTP) as the top frontier project for ground-based observatories, recommending federal support for the final constr
Marília Mendonça, one of Brazil’s most popular singers and a Latin Grammy winner, died Friday in an airplane crash on her way to a concert. Mendonça’s press office confirmed her death in a statement, and said four other passengers on the flight also perished. Minas Gerais state’s civil police also confirmed Mendonça’s death, without providing details about the cause of the accident, which occurred shortly before arrival.
The river turtles are considered "vulnerable" by the International Union for Conservation of Nature and have for many years been killed for human consumption, or kept as pets.The turtles carry the scientific name Podocnemis unifilis, but Peruvians call them taricayas. They are yellow-spotted and the baby ones measure just a couple of inches.Peru has the second largest share of the Amazon rainforest after Brazil.Scientists agree that conserving the Amazon rainforest is vital to avoid catastrophic climate change because of its ability to absorb greenhouse gases. But over the past two decades, more than 7,600 square miles (19,700 square kilometers) of the Peruvian Amazon have been destroyed.This taricaya conservation project began in 2019 and has protected about 6,000 river turtles, in addition to those conserved this year.
We start the tonight's show in Ethiopia, where&nbsp;a&nbsp;new anti-government alliance is formed. Rebels say they plan to bring down Prime Minister Abiy Ahmed – through 'negotiation or by force'. As the security situation worsens,&nbsp;United States tells its nationals to leave the country as soon as possible.&nbsp;We also bring you the latest on military takeover in Sudan, with the UN demanding an immidiate return to civilian rule… and we follow Benin's looted artefacts on their way home from France.
Whether Ed Sheeran would fulfill his “Saturday Night Live” booking this weekend was a matter of suspense for a lot of people — but not for Sheeran himself, who says that “I was always playing that,” no matter what anyone else expected. He discussed his brief bout with the disease on SiriusXM’s “The Howard Stern […]
Several buildings and streets on Yale University’s campus in New Haven, Connecticut, were evacuated and closed on November 5 amid a bomb threat, according to local news reports.This footage filmed by Gabriela Rassi shows pedestrians leaving streets ordered to be shut down as an alarm trills on. In the second clip, police are seen at a cordoned section in downtown New Haven.Residents were instructed to avoid the area until further notice as local authorities and specialized hazardous device teams worked to investigate and inspect all buildings, New Haven Mayor Justin Elicker said. Credit: Gabriela Rassi, Bartholomewtown Podcast via Storyful
All different sizes are on sale, from a 24-inch cutie to a 50-incher for just $248!
TORONTO, November 05, 2021–Magellan Aerospace Corporation ("Magellan Aerospace") (TSX: MAL) announced today that its Board of Directors declared a quarterly cash dividend of $0.105 (ten and one-half cents) per share on the Corporation’s common shares. The dividend is payable on December 31, 2021, to stockholders of record at the close of business on December 17, 2021. The Board of Directors of the Corporation reviews its dividends on a quarterly basis to ensure that the dividend declared balanc
SAN DIEGO, November 05, 2021–Biocom California, the association representing the California life science industry, issued the following statement regarding the drug pricing portion in the "Build Back Better" legislation. The statement can be attributed to Joe Panetta, Biocom California’s president and CEO:
Villa have not collected a single point since winning at Manchester United on September 25.

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Polygon Reveals Details About Its Future Collaboration With LBank During AMA – Press release Bitcoin News – Bitcoin News

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PRESS RELEASE. Recently, LBank Exchange held an AMA session with the Polygon team, discussing Polygon’s achievements, collaborations, NFT and Gaming markets, Nightfall solution, future plans and so on. Here’s the summary of this AMA.
Ethereum is the blockchain development platform of choice, but it has limitations such as low throughput, poor UX, and no sovereignty. As a protocol and a framework for building and connecting Ethereum-compatible blockchain networks, Polygon breaks through these limitations by aggregating scalable solutions on Ethereum and supporting a multi-chain Ethereum ecosystem.
Polygon Outperforms Ethereum In-terms Of Active Users
As a layer 2 solutions aggregator built on top of Ethereum, Polygon has made some great achievements since its birth, its POS chain has over 2000 DApps live and processes over 7 million transactions daily. In fact, Polygon now has more daily active users than Ethereum.
MATIC, the token for the polygon network, is already live on trading platforms like LBank Exchange, and currently the trading volume of it is over 1 billion across exchanges. Polygon team is aiming to make more people hold MATIC tokens, and it’s hoping to see MATIC’s trading volume on LBank Exchange continue to grow as well.
Expanding the Polygon ecosystem
With the power to bring thousands of new users into blockchain, NFT and Gaming markets are strategic sectors that Polygon continues to focus on. There are already some of the largest gaming projects live on Polygon, such as Decentral Games, Sandbox, Somnium Space, Vulcan Verse, etc. As for NFT projects, there are OpenSea, Lazy.com, Autograph, etc.
The team will be bringing many more such games and NFT projects onto Polygon so that its community can enjoy more artwork and fun. In addition, Polygon allows for massive scalability, and compared to Ethereum, minting costs on Polygon are 100,000 times cheaper on average.
Polygon also has products designed for enterprise customers who need privacy and scalability, such as Nightfall, a one-of-a-kind, privacy-focused Rollup that combines Optimistic Rollups with Zero-Knowledge (ZK) cryptography commonly used in ZK Rollups. It creates a scalable and private hybrid of the two popular technologies.
Polygon Nightfall has the power to bring many large enterprises into blockchain, the team believes that it will lead to a large number of transactions on Polygon and further add new projects and users to the Polygon ecosystem.
Big Plans Ahead
The Polygon team has already got some big plans ahead. On the technical side, Polygon is investing heavily into ZK and ZK Rollup technology, for example, the team has already spent $250 million on acquiring Hermez, which is a decentralized, open-source ZK Rollup optimized for secure, low-cost and usable token transfers on the wings of Ethereum.
Polygon has also acquired another 4 teams to build more ZK Rollup chains, to achieve the goal of building highly scalable EVM enabled ZK Rollup technology. In addition, Polygon has updates coming for its POS chain and details on EIP 1559 implementation.
On the business side, Polygon has many exciting updates as well, with lots of big DApps and integrations planned. Significantly, Arjun, Polygon’s Head of Growth, points out that LBank is enhancing its global branding. He also assures that the love of the community makes the team achieve its goals, so it will continue to collaborate with LBank Exchange to bring more Polygon projects and tokens to the community. Polygon team will keep posting on its official social media accounts such as Twitter to reveal more details about future plans and latest updates.
 
About Polygon
Polygon is a layer 2 aggregating scalable solution on Ethereum that supports a multi-chain Ethereum ecosystem. The platform resolves the blockchain challenges like high gas fees, slow speed without sacrificing security. It is a protocol and framework to build and connect Ethereum-compatible blockchains.
Visit to Know more:
Website: https://polygon.technology/
Twitter: https://twitter.com/0xPolygon
Telegram: https://t.me/polygonofficial
Discord: https://discord.com/invite/polygon
 
About LBank
LBank is an ever-growing crypto trading platform which offers safe trading for the users worldwide. The team aspires to build the professional integration services for crypto-assets being a convenient trading platform. It has become popular with over 6.4 million users around the world.
Visit to Know More:
Website: https://www.lbank.info/
Twitter: https://twitter.com/LBank_Exchange
Telegram: https://t.me/LBank_en
LinkedIn: https://www.linkedin.com/company/lbank
Facebook: https://www.facebook.com/LBank.info/
 
This is a press release. Readers should do their own due diligence before taking any actions related to the promoted company or any of its affiliates or services. Bitcoin.com is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in the press release.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges
Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto … read more.
Check all the news here
Up to 12 Million Iranians Own Cryptocurrency, Traders Choose Local Exchanges
Cryptocurrencies are a popular investment among Iranians and estimates suggest that the number of those who already own one coin or another may be as high as 12 million. The majority of Iranian traders prefer the services of local crypto … read more.
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‘Trillions Of Dollars’—Bitcoin Braced For A Massive Earthquake As The Price Of Ethereum, Binance’s BNB, Solana, Cardano And XRP Soar – Forbes

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Bitcoin and cryptocurrency prices have rocketed over the last month, with the combined crypto market surging towards $3 trillion as ethereum, Binance’s BNB, solana, cardano and XRP make double-digit percentage gains.
Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and discover hot new NFT and crypto blockbusters poised for 1,000% gains
The bitcoin price has climbed from around $45,000 per bitcoin in early October to all-time highs of $67,000 late last month, in part due to the launch of the first U.S. bitcoin futures exchange-traded funds (ETFs). Bitcoin has recently dropped back—despite huge new price targets even as ethereum and its smaller rivals hit fresh highs.
Now, Michael Saylor, a bullish bitcoin buyer, has predicted “trillions of dollars” will flow into bitcoin once the U.S. regulator approves a fully-fledged bitcoin ETF—helping bitcoin to replace gold and become the primary asset index for the Western world.
Sign up now for the free CryptoCodex—A daily newsletter for the crypto-curious. Helping you understand the world of bitcoin and crypto, every weekday
The bitcoin price has surged through 2021 but much of the crypto market’s gains have come from … [+] ethereum, Binance’s BNB, cardano, solana, and XRP.
“To do that, you need the spot ETF,” said Saylor, the chief executive of business intelligence software company MicroStrategy, speaking this week at Bloomberg‘s Financial Innovation Summit. “And once these spot ETFs roll, I think you’ll see billions, then tens of billions, then hundreds of billions, then trillions of dollars flow into them.”
Over the last year, Saylor has pivoted Microstrategy to a bitcoin acquisition vehicle, buying more than 110,000 bitcoins. The value of the company’s bitcoin holdings is around $7 billion, making up almost all of MicroStrategy’s $8 billion market capitalization.
Saylor said he expects a U.S.-based spot bitcoin ETF would act as an institutional on-ramp for investors who want bitcoin exposure, adding he’ll continue buying bitcoin via MicroStrategy. Such funds are already live in other countries, including Canada.
The launch of two U.S. bitcoin futures ETFs in October generated huge media attention, with the ProShares Bitcoin Strategy ETF accumulating more than $1 billion in assets in mere days. However, some, including general partner at Castle Island Ventures Nic Carter, have called futures-based ETFs “inferior” as they don’t give direct exposure to the underlying asset. Carter, speaking alongside Saylor, said a spot bitcoin ETF would be “the hottest commodity ETF launch of all time.”
“The right answer is: let investors buy a trillion dollars worth of bitcoin via an ETF because the ETFs plug into the existing security structure, the existing prime brokerages, the existing collateral packages,” said Saylor.
CryptoCodex—A free, daily newsletter for the crypto-curious
The bitcoin price has risen more than 300% over the last 12 months, making bitcoin a $1 trillion … [+] asset. However, bitcoin has been left in the dust by ethereum, Binance’s BNB, solana, cardano, and XRP.
Meanwhile, bullish bitcoin and crypto market watchers continue to predict prices will surge into the end of 2021. While bitcoin has lost ground this week, ethereum has added almost 5%, with its too biggest rivals, Binance’s BNB and solana, both surging by around 20%.
“Intraday volatility is completely normal after such a bullish month, but the higher time frame is looking solid for now,” Lukas Enzersdorfer-Konrad, chief product officer at Vienna-based bitcoin and crypto trading platform Bitpanda, said in emailed comments. “The crypto market is more integrated into the world economy every day which only shows how important it is for bigger institutions but on the other hand, is also under pressure from macro events.”
“A melt-up in bitcoin and ethereum into year-end is likelier than retracement, we believe, after 2021 corrections cleansed speculative positions, and with increasing demand and adoption, and declining supply, sustaining a bull market,” Bloomberg Intelligence senior commodity strategist Mike McGlone wrote in his latest market report, pointing to a “tidal wave of U.S. ETFs.”
“The startup of U.S. ETFs and the fact that cryptos counter China bans limit downside risks.”

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XRP Set for Massive Breakout With Altcoins Poised to Steal the Show From Bitcoin, Predicts Top Crypto Analyst – The Daily Hodl

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One closely followed crypto analyst is bullish on XRP and thinks that altcoins are in a prime position to outpace Bitcoin (BTC).
The pseudonymous analyst known as Credible Crypto tells his 257,400 Twitter followers that XRP’s price structure looks very similar to data-sharing protocol OriginTrail, whose native token TRAC just rallied more than 300% following its recent listing on Coinbase Pro.
He expects XRP to follow a similar path to TRAC, taking the cryptocurrency back to its previous all-time high of $3.40.
“The XRP chart below is from my last YouTube video on XRP made in August. The chart next to it is another coin that I came across today that has the same structure but is one step ahead with the 5th wave already in progress. Do you see it now?”
After Ethereum’s new breakout against Bitcoin (ETH/BTC), the trader anticipates ETH’s next leg up to kick off a new alt season.
He also notes that Bitcoin dominance has likely already topped out, further paving the way for an altcoin rally.
“ETH/BTC broke out today, closing above the key resistance zone I was watching. This is a great sign and indicates BTC dominance may have already found its top and alts may be about to steal the show, led by ETH.”
The analyst says that Bitcoin dominance dropping doesn’t necessarily mean that BTC’s price will drop.
No it just means that if BTC is rising alts will probably rise faster. We saw this in 2017 in the latter stages of the bull run as lots of new money started pouring in.
— CrediBULL Crypto (@CredibleCrypto) November 3, 2021

Taking a closer look at the top crypto asset, Credible says that Bitcoin is close to deciding whether it wants to break to the upside or continue ranging.
According to his analysis, a rejection of $63,000-$64,000 could take BTC back to major support around $58.000.
“63-64k tagged BTC. Now to see if we break out to new ATH [all-time high] or reject soon and continue to range.”
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