$ 60k BTC, Polkadot Parachains and when ETF?
$ 60k BTC, Polkadot Parachains and when ETF?
For the first time since April, Bitcoin's price is again $ 60,000. It is a big psychological level, although from a technical point of view it does not contain so much resistance. In any case, this was followed by a significant weekly increase and rumors about the approval of a futures-supported Bitcoin ETF in the USA. Let's dive.
Last week Bitcoin acted at around $ 54,000 at this time, but from then on he mostly rose. It had reached almost 58,000 USD by Tuesday when BTC went through a short retreat to less than $ 55,000. From there the price got into the sky and shot around 58,500 on Thursdayeverything culminated today when the BTC Prize finally reached the coveted mark of USD 60,000. It is worth noting that today's increase as Bloomberg took place reported that a futures-based BTC-ETF could be approved by the US stock exchange supervisory authority SEC next week. This continued to drive the market and drove its total capitalization to over 2.5 trillion US dollars.
With all the above, Bitcoin has risen by about 11% in the past seven days and he has managed to surpass the wider range of old coins. Ethereum has increased by about 6%, BNB - about 5%, XRP - about 5% and so on. The clear winner from the top 10 is Polkadot with a plus of impressive 18%.
The winnings from Polkadot came immediately after the project that Excitement awaited parachains are ready to be used in their Mainnet. The first auction is said to take place in November, and Binance has already announced their support for it.
Elsewhere updated from Cambridges Resource to monitor the Bitcoin Hashrates that China is no longer the leading mountain man-this place was overhauled by the USA. However, this should not be so surprising after the recent accession of the regulatory authorities and the exodus of the miners.
It becomes particularly interesting to see how things will develop in the near future. There are not many FOMO single-trade companies on the market yet, and we all know what happens once it is there.
market data
market capitalization: 2,538 t $ | 24 volume: $ 154 billion | BTC dominance: 46.4%
btc: $ 60.108 (+11%) | ETH: $ 3,820 (+6%) | Ada: $ 2.17 (-5.2%)