Bitcoin
BTC$66 123.34

0.99%

Ethereum
ETH$3 555.02

4.45%

Tether
USDT$0.999468

0%

Binance Coin
BNB$606.32

1.74%

Solana
SOL$144.58

2.21%

USD Coin
USDC$1.000022

0%

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 87.2% 16 $66 123.34 0.99% -4.79% $1 303 451 857 959 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 78.8% 41 $3 555.02 4.45% -3.46% $427 135 531 951 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.4% 1 $0.999468 0% -0.04% $112 500 110 914 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 79.2% 33 $606.32 1.74% -11.61% $89 483 264 510 BNB 7 days price change
5 Solana (SOL) SOL Solana predictions 82.8% 28 $144.58 2.21% -9.57% $66 753 466 287 SOL 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 3 $1.000022 0% 0% $32 442 766 908 USDC 7 days price change
7 XRP (XRP) XRP XRP predictions 80.4% 27 $0.493733 5.33% 0.08% $27 436 964 277 XRP 7 days price change
8 Dogecoin (DOGE) DOGE Dogecoin predictions 73.2% 49 $0.136503 2.35% -6.62% $19 755 088 075 DOGE 7 days price change
9 Toncoin (TON) TON Toncoin predictions 74.8% 51 $7.97 0.86% 13.14% $19 398 824 296 TON 7 days price change
10 Cardano (ADA) ADA Cardano predictions 82% 29 $0.413290 2.36% -4.92% $14 764 940 323 ADA 7 days price change
11 SHIBA INU (SHIB) SHIB SHIBA INU predictions 56.4% 94 $0.000021 3.96% -11.04% $12 205 332 764 SHIB 7 days price change
12 Avalanche (AVAX) AVAX Avalanche predictions 75.2% 49 $30.08 2.56% -6.97% $11 831 150 649 AVAX 7 days price change
13 Lido stETH (STETH) STETH Lido stETH predictions 92% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
14 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 91.6% 1 $66 245.61 1.22% -4.60% $10 151 195 405 WBTC 7 days price change
15 TRON (TRX) TRX TRON predictions 85.6% 19 $0.115284 -0.54% 0.49% $10 062 292 912 TRX 7 days price change

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