Bitcoin
BTC$27 033.99

2.37%

Ethereum
ETH$1 674.14

3.44%

Tether
USDT$0.999843

0.06%

Binance Coin
BNB$216.11

1.54%

XRP
XRP$0.509796

2.08%

USD Coin
USDC$1.000021

-0.01%

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 95.6% 2 $27 033.99 2.37% 1.45% $527 135 688 529 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 93.6% 5 $1 674.14 3.44% 4.93% $201 291 736 477 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 96% 1 $0.999843 0.06% 0% $83 263 508 106 USDT 7 days price change
4 Binance Coin (BNB) BNB Binance Coin predictions 94.4% 4 $216.11 1.54% 2.33% $33 247 980 400 BNB 7 days price change
5 XRP (XRP) XRP XRP predictions 92% 9 $0.509796 2.08% 0.01% $27 178 454 547 XRP 7 days price change
6 USD Coin (USDC) USDC USD Coin predictions 94.8% 1 $1.000021 -0.01% 0.01% $25 530 849 089 USDC 7 days price change
7 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
8 Wrapped TRON (WTRX) WTRX Wrapped TRON predictions 85.2% 24 $0.088098 4.06% 5.76% $8 957 448 242 WTRX 7 days price change
9 Cardano (ADA) ADA Cardano predictions 91.6% 6 $0.251909 2.62% 2.72% $8 849 175 236 ADA 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 90% 4 $0.061718 1.52% 0.04% $8 714 841 543 DOGE 7 days price change
11 Solana (SOL) SOL Solana predictions 84.8% 20 $20.16 5.17% 2.25% $8 324 940 011 SOL 7 days price change
12 TRON (TRX) TRX TRON predictions 84% 22 $0.088554 4.55% 5.90% $7 888 492 391 TRX 7 days price change
13 Toncoin (TON) TON Toncoin predictions 60.4% 84 $2.22 1.57% -3.82% $7 623 523 317 TON 7 days price change
14 Dai (DAI) DAI Dai predictions 95.2% 1 $0.999716 -0.03% 0.01% $5 346 368 455 DAI 7 days price change
15 Polkadot (DOT) DOT Polkadot predictions 90% 7 $4.09 1.76% 1.74% $5 029 573 668 DOT 7 days price change

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