Bitcoin price cracks $ 61.7K high-leading crypto-asset has to increase over 5% to achieve ATH-markets and prices

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btc ) has developed phenomenally in the past two weeks, since October was a good month for the leading crypto-asset. On October 15, 2021, btc achieved a maximum of 61.430 USD per unit. The crypto asset is about to reach its all-time high of $ 64,804 per unit that was captured six months ago.

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btc ’s market evaluation This Friday is currently the most respectable wealthy. btc increased market control, while Ethereum ( eth ) The dominance is 17.6%.

metrics show from the global trade volume of $ 156 billion between all existing coins, btc Billions of US dollars of these business. Holding rope ( usdt ) records 55.9% of today's btc trades, followed by USD (16.28%), Busd (5.44%), JPY (4.12%), EUR (3,77%) and Krw (2.72%).

Analysts assume that Spike is due to rumors that a US bitcoin ETF is approved

In a note sent to Bitcoin.com News, Simon Peters says that Etoro's crypto-asset analyst is that the increase is probably due to the expectations of a Bitcoin Exchange Traded Fund (ETF) approval. "After a week full of expectations and dynamics, Bitcoin has reached 60,000 for the first time in almost six months," said Peters.

"Today's increase seems to have been triggered by the growing trust of the investors that the US regulators will approve the introduction of an ETF on the basis of Bitcoin futures contracts-but after weeks of positive net inflows in Bitcoin, an increase in Bitcoin, an increasing migration from Bitcoin has probably been granted. From short-term to long-term owners and the associated tightness in the Bitcoin offer, ”added the crypto-asset analyst from Etoro.

Mikkel Morch, Executive Director and Risk Management at Crypto/Digital Assets Hedge Fund Ark36, says that the price increase is clearly due to the rumors that the US stock exchange supervisory authority (SEC) plans to approve a Bitcoin ETF. "It is clear that the recent increase in the btc ’s is in direct connection with the SEC that the first US Bitcoin ETF approval will advance, ”said Morch on Friday.

"It is becoming more and more likely that at least one of the main candidates for btc Futures-ETFs such as Valkyrie or vaneck could be in the coming days and are approved before the hard November periods of the Sec, ”Morch continued. "When Valkyrie Investments has updated his future-backed ETF brochure on Wednesday with the Ticker BTF, it is assumed that the company has the greatest chance of winning this race," added the ARK36 manager.

What do you think that Bitcoin will climb new heights on Friday? Let us know your opinion on this topic in the comments below.

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