Bitcoin
BTC$62 871.67

-0.59%

Ethereum
ETH$2 543.02

3.23%

Tether
USDT$1.000085

-0.02%

Binance Coin
BNB$567.08

0.22%

Solana
SOL$146.80

2.54%

USD Coin
USDC$1.000025

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.


Related

NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
NordFX Copy Trading: A Comprehensive Guide to Maximizing Profits
Tips to Choose the Right Second Citizenship Program
Tips to Choose the Right Second Citizenship Program
Bitcoin’s continued slide down
Bitcoin’s continued slide down
A new round of crypto market mistrust
A new round of crypto market mistrust
Bitcoin holds its range, but pressure mounts
Bitcoin holds its range, but pressure mounts
Bitcoin unlikely to end correction
Bitcoin unlikely to end correction
Bitcoin looks set to take a severe dive
Bitcoin looks set to take a severe dive
Bitcoin set for a deeper correction
Bitcoin set for a deeper correction
Bitcoin falls under pressure
Bitcoin falls under pressure

Top Cryptocurrencies with Price Predictions

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

Be the first to receive Cryptocurrency Price Predictions and Forecasts daily

Get cryptocurrency price predictions, forecasts with analysis and news right to your inbox.

© 2015-2024 Crypto-Rating.com

The usage of this website constitutes acceptance of the following legal information. Any contracts of financial instruments offered to conclude bear high risks and may result in the full loss of the deposited funds. Prior to making transactions one should get acquainted with the risks to which they relate. All the information featured on the website, including information about the cryptocurrencies and bitcoin is intended solely for informational purposes, is not a means of advertising them, and doesn't imply direct instructions for investing. Crypto Rating shall not be liable for any loss, including unlimited loss of funds, which may arise directly or indirectly from the usage of this information. The editorial staff of the website does not bear any responsibility whatsoever for the content of the comments or reviews made by the site users about cryptocurrencies. The entire responsibility for the contents rests with the authors. Reprint of the materials is available only with the permission of the editorial staff.