Bitcoin
BTC$17 058.33

0.06%

Ethereum
ETH$1 266.25

0.01%

Tether
USDT$1.000063

0%

Binance Coin
BNB$289.87

0.04%

USD Coin
USDC$0.999979

0%

Binance USD
BUSD$1.000081

-0.05%

Bitcoin sees its highest ever daily close as BTC/Euro pair hits all-time highs


20 Oct 2021

#Bitcoin

Bitcoin seals new all-time highs against multiple major fiat currencies, but overall mainstream interest from consumers is still at rock bottom. Bitcoin (BTC) failed to beat its all-time highs on Oct. 20, but a separate record kept bulls confident of a breakout. Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $64,490 on Bitstamp overnight. While inches from matching April’s peak, the action nonetheless sealed Bitcoin’s highest-ever daily close — around $64,230. In several currencies, including the Japanese yen, Australian dollar and euro, new all-time highs were already in on Wednesday. For popular trader Crypto Ed, it was time to reevaluate likely short-term targets.

“Summary: at 40k I mentioned 73k as first target but I think we’re going higher and keep extending those waves. I think we even have a good chance we’re not going sub 60k for a while,” he tweeted. A worst-case scenario could involve a brief “spike” downward to $58,000, but this would be followed by clear skies for “the coming weeks/ months,” he added.

The bullish tone across the board follows a successful day for the first Bitcoin exchange-traded fund (ETF) in the United States, with $1 billion in volume and $550 million in assets under management after just a single trading session. Correspondingly, Bitcoin futures open interest hit fresh all-time highs of $817.6 million, data from on-chain analytics firm Glassnode confirms.

Where’s the FOMO?

The atmosphere makes the comparative lack of mainstream interest in Bitcoin all the more unusual. Beyond institutional excitement, data shows that hardly anyone is following or checking on Bitcoin relative to earlier this year.

As Cointelegraph reported, this has been the case for some time, but even a trip to the threshold of all-time highs has failed to upend the trend.

A normalized score from Google Trends put “Bitcoin” interest at 36 this week, relative to 100 in mid-May.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 84.4% 17 $17 058.33 0.06% 0.44% $327 969 673 009 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 80.4% 28 $1 266.25 0.01% -0.56% $154 956 271 042 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 93.6% 1 $1.000063 0% 0.04% $65 689 347 584 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 78.4% 44 $289.87 0.04% -4.43% $46 370 691 955 BNB 7 days price change
5 USD Coin (USDC) USDC USD Coin predictions 94% 1 $0.999979 0% -0.02% $43 034 372 975 USDC 7 days price change
6 Binance USD (BUSD) BUSD Binance USD predictions 96% 1 $1.000081 -0.05% -0.07% $22 101 869 687 BUSD 7 days price change
7 XRP (XRP) XRP XRP predictions 85.2% 29 $0.386677 -0.35% -4.46% $19 434 565 003 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 66% 73 $0.100260 -1.98% -7.15% $13 301 634 924 DOGE 7 days price change
9 Cardano (ADA) ADA Cardano predictions 83.2% 30 $0.318080 -0.75% 0.25% $10 960 804 759 ADA 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Polygon (MATIC) MATIC Polygon predictions 71.6% 52 $0.913880 -0.11% 4.95% $7 982 115 948 MATIC 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 78% 37 $5.48 -0.37% 0.45% $6 269 169 724 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 95.2% 1 $0.999497 -0.03% -0.06% $5 875 589 658 DAI 7 days price change
14 Litecoin (LTC) LTC Litecoin predictions 61.6% 85 $79.71 -1.79% 0.97% $5 720 814 160 LTC 7 days price change
15 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 84.4% 30 $0.053431 0.36% -1.20% $5 432 662 792 WTRX 7 days price change

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