Bitcoin explodes over $ 57,000, conquered trillion dollar market capitalization, double-digit weekly profits-markets and prices
Bitcoin explodes over $ 57,000, conquered trillion dollar market capitalization, double-digit weekly profits-markets and prices
The price of Bitcoin continues to rise because the crypto asset has achieved over 19% of profits in the past seven days. Bitcoin reached a daily high of $ 57,678 per unit on Monday and has increased by 4.4%in the last 24 hours.
Bitcoin exceeds the package because speculators assume that the ETF approval comes
It seems that crypto investors are more attracted to Bitcoin ( btc ) has exceeded leading digital currencies. On Monday, btc has increased by 4.4% in value and btc is the 14th largest seven-day winner of over 10,000 existing crypto assets.
A large part of the price increase was on the possibility that the US stock exchange supervisory authority (SEC) will approve a Bitcoin fund traded until the end of the month. While many investors see a Bitcoin ETF approval as positive, others shared this contradictory opinions on the subject lately.
bitcoin ( btc ) has increased by 19.3 % last week and in the previous course, btc has increased by 410.3%. The price push has increased btc dominance, since the metric reached 44.4 % on Monday, while that from Ethereum ( eth ) the market capitalization is 17.3 %. With current prices above the $ 57k route, btc s market evaluation is approximately 1.085.97.255.172 USD or a little more than 1 Billion USD.
Tim Frost, CEO of the digital asset management platform Yield app, told Bitcoin.com News in an investor note that Bitcoin will "test and break into the six -digit range". Frost spoke about the possibility of approval of a Bitcoin futures ETF and the recent approval of the long ETF with indirect engagement by Volt Equity.
"Analysts predict a possible cooling, whereby Bitcoin may fall on the level of support of $ 40,000 before going up to test the previous all -time high of USD 65,000," said Frost on Monday. He continued:
A break in accordance with the stock-to-flow model would probably cause Bitcoin to rise to the six-figure area and beyond at the end of 2021-a tempting view for investors who are hungry after this promised $ 100,000 level. Then the approval of a Bitcoin futures ETF in the United States would undoubtedly expand this already astronomical price target.
US dollar, yen, euro, Australian dollar Bitcoin pairs swell on
meanwhile the dominant couple with btc Today is still ( usdt ) Since the stablecoin 60.35% of all takes BTC will be traded on October 11th. The USD (13.01 %), BusD (5.00 %), JPY (4.07 %), EUR (3.27 %) and AUD (2.12 %) follow. If these three Fiat currencies (JPY, EUR, AUD) have entered the top positions, the markets are usually definitely bullish.
It is clear that in addition to other digital assets btc you do not see the increases that you would normally see if Bitcoin increases to a higher level. Most alternative crypto-assets record mediocre progress, while btc continues to be above average and sticks to its two-digit growth.
What do you think about Bitcoin's latest profits that surpass the competition? Let us know your opinion on this topic in the comments below.
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