Bitcoin
BTC$18 954.19

-0.85%

Ethereum
ETH$1 296.86

-3.33%

Tether
USDT$1.000054

0%

USD Coin
USDC$1.000099

0.02%

Binance Coin
BNB$275.55

-0.88%

XRP
XRP$0.502289

0.18%

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.


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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 84% 26 $18 954.19 -0.85% -3.69% $363 170 326 097 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 71.6% 54 $1 296.86 -3.33% -5.90% $158 895 113 066 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 95.6% 1 $1.000054 0% 0% $67 958 370 744 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 96% 1 $1.000099 0.02% 0% $49 598 147 661 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 88% 15 $275.55 -0.88% 0.94% $44 457 076 668 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 62.4% 74 $0.502289 0.18% 27.23% $25 038 488 617 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $0.999580 -0.04% -0.15% $20 508 638 534 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 80.4% 33 $0.451128 -2.03% -3.38% $15 442 614 963 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 80.8% 28 $32.92 -2.14% 1.78% $11 674 869 153 SOL 7 days price change
10 Lido stETH (STETH) STETH Lido stETH predictions 91.6% 1 $2 941.39 -0.40% -3.32% $10 258 752 564 STETH 7 days price change
11 Dogecoin (DOGE) DOGE Dogecoin predictions 88.8% 14 $0.062123 -3.39% 3.63% $8 241 886 870 DOGE 7 days price change
12 Polkadot (DOT) DOT Polkadot predictions 76.4% 41 $6.25 -3.26% -7.59% $6 998 238 426 DOT 7 days price change
13 Dai (DAI) DAI Dai predictions 92.4% 1 $0.999822 0.01% 0.01% $6 929 280 255 DAI 7 days price change
14 Polygon (MATIC) MATIC Polygon predictions 72% 55 $0.752062 -2.34% -5.51% $6 568 747 961 MATIC 7 days price change
15 SHIBA INU (SHIB) SHIB SHIBA INU predictions 79.2% 42 $0.000011 -4.59% -2.47% $6 136 754 331 SHIB 7 days price change

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