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.
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.
# | Crypto | Prediction | Accuracy | CVIX | Price | 24h | 7d | Market Cap | 7d price change | |
1 | BTC | Bitcoin predictions | 81.6% | 29 | $62 871.67 | -0.59% | 5.26% | $1 242 136 443 342 | ||
---|---|---|---|---|---|---|---|---|---|---|
2 | ETH | Ethereum predictions | 77.2% | 43 | $2 543.02 | 3.23% | 5.22% | $306 041 976 839 | ||
3 | USDT | Tether predictions | 94% | 1 | $1.000085 | -0.02% | -0.03% | $119 083 020 595 | ||
4 | BNB | Binance Coin predictions | 80.4% | 37 | $567.08 | 0.22% | 2.38% | $82 756 033 644 | ||
5 | SOL | Solana predictions | 76.4% | 39 | $146.80 | 2.54% | 6.38% | $68 774 443 942 | ||
6 | USDC | USD Coin predictions | 95.6% | 1 | $1.000025 | 0.01% | 0.01% | $35 731 338 676 | ||
7 | XRP | XRP predictions | 78% | 36 | $0.583207 | -1.08% | 2.78% | $32 912 981 387 | ||
8 | DOGE | Dogecoin predictions | 83.2% | 30 | $0.104630 | -1.16% | -1.66% | $15 279 969 329 | ||
9 | TON | Toncoin predictions | 78.8% | 44 | $5.60 | -2.23% | -3.63% | $14 182 969 308 | ||
10 | TRX | TRON predictions | 88.8% | 8 | $0.151977 | 0.59% | 2.03% | $13 171 779 937 | ||
11 | ADA | Cardano predictions | 78% | 41 | $0.351820 | -0.28% | -2.10% | $12 651 667 387 | ||
12 | AVAX | Avalanche predictions | 74% | 45 | $27.14 | 2.75% | 9.98% | $11 018 624 656 | ||
13 | STETH | Lido stETH predictions | 94% | 1 | $2 941.39 | -0.40% | -3.32% | $10 258 752 564 | ||
14 | WTRX | Wrapped TRON predictions | 95.6% | 1 | $0.116354 | -0.46% | 0.23% | $10 171 995 609 | ||
15 | WBTC | Wrapped Bitcoin predictions | 91.6% | 1 | $65 806.83 | 0.78% | -2.68% | $10 083 957 608 |
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