Bitcoin
BTC$57 356.27

5.94%

Ethereum
ETH$4 304.76

6.93%

Binance Coin
BNB$608.28

5.04%

Tether
USDT$1.000018

-0.09%

Solana
SOL$200.94

7.45%

Cardano
ADA$1.59

6.77%

Bitcoin updates highs at $68000, pulling up the overall crypto market


10 Nov 2021

#Bitcoin

Bitcoin has added another 3% since Tuesday morning, pushing to all-time highs above $68K. BTCUSD is up more than 10% in three days of ongoing growth, dragging its overall crypto market capitalisation and gaining speculative interest. CoinMarketCap now puts the value of all cryptocurrencies at 2.944 trillion – one step away from the circular value of 3 trillion. On Bitcoin’s daily charts, the RSI has reached 69, approaching overbought territory. However, this rarely stops such momentum. Bears tend to come into play only at the signs of exhaustion of the upside momentum.

BTC/USD Daily Chart

The rest of the whole crypto market is growing slightly slower than bitcoin, with its capitalisation rising 2.7% to $1.658 trillion in the past 24 hours. The cryptocurrency Fear and Greed Index rose to 84, moving into “extreme greed” territory, where we last saw it on October 21, the previous wave of bitcoin’s highs update.

This market disposition sets the stage for a continued cryptocurrency rally, with new highs for bitcoin and a record update for the entire cryptocurrency market.

As we noted earlier, the prolonged consolidation over the previous weeks has allowed the bulls to gain strength for the current spurt. The recent upside momentum could potentially extend to above $83K, up 22% from current levels. At the same time, meaningful upside and retracement momentum for the entire crypto market suggests a less significant upside potential to $3.1 trillion, up 5.6% from current levels.


Related

Cryptocurrencies to be tested this holiday season
Cryptocurrencies to be tested this holiday season
A lively backdrop to trade Crypto
A lively backdrop to trade Crypto
The crypto market fall resumed
The crypto market fall resumed
Bitcoin clings to $56K as whales keep buying
Bitcoin clings to $56K as whales keep buying
Cryptocurrencies: Is winter coming?
Cryptocurrencies: Is winter coming?
Will Bitcoin hold $60K? Leverage shakeout close to complete
Will Bitcoin hold $60K? Leverage shakeout close to complete
What are the next levels to watch for crypto
What are the next levels to watch for crypto
Bitcoin edges lower as advance in major cryptocurrencies slows
Bitcoin edges lower as advance in major cryptocurrencies slows
Bitcoin has likely become too
Bitcoin has likely become too "noisy"

Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 74.8% 42 $57 356.27 5.94% -0.06% $1 083 224 324 583 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 82% 32 $4 304.76 6.93% 3.35% $510 247 457 151 ETH 7 days price change
3 Binance Coin (BNB) BNB Binance Coin predictions 73.6% 53 $608.28 5.04% 6.90% $101 461 207 607 BNB 7 days price change
4 Tether (USDT) USDT Tether predictions 94.8% 1 $1.000018 -0.09% 0.01% $73 122 538 378 USDT 7 days price change
5 Solana (SOL) SOL Solana predictions 69.6% 65 $200.94 7.45% -8.89% $61 094 715 358 SOL 7 days price change
6 Cardano (ADA) ADA Cardano predictions 70.8% 60 $1.59 6.77% -11.22% $53 044 656 745 ADA 7 days price change
7 XRP (XRP) XRP XRP predictions 72.4% 51 $0.977023 7.37% -5.86% $46 075 386 084 XRP 7 days price change
8 USD Coin (USDC) USDC USD Coin predictions 92.8% 2 $0.999312 0.03% 0.05% $38 434 749 744 USDC 7 days price change
9 Polkadot (DOT) DOT Polkadot predictions 64.4% 75 $36.26 9.70% -9.66% $35 813 883 653 DOT 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 63.2% 74 $0.205330 2.97% -7.58% $27 166 036 595 DOGE 7 days price change
11 Avalanche (AVAX) AVAX Avalanche predictions 64.8% 75 $113.59 7.50% -16.68% $25 424 712 555 AVAX 7 days price change
12 SHIBA INU (SHIB) SHIB SHIBA INU predictions 64% 77 $0.000039 3.86% -10.81% $21 414 891 870 SHIB 7 days price change
13 Terra (LUNA) LUNA Terra predictions 65.2% 72 $49.91 17.07% 20.70% $19 612 641 482 LUNA 7 days price change
14 Crypto.com Chain (CRO) CRO Crypto.com Chain predictions 58.8% 90 $0.761802 5.01% 7.61% $19 245 420 209 CRO 7 days price change
15 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 75.2% 46 $56 387.63 5.79% -1.42% $14 292 919 152 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.

© 2015-2021 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.