Bitcoin
BTC$29 191.52

-2.06%

Ethereum
ETH$1 954.39

-4.11%

Tether
USDT$0.998880

0%

USD Coin
USDC$0.999973

-0.01%

Binance Coin
BNB$295.49

-1.54%

XRP
XRP$0.409560

-4.29%

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 60.8% 82 $29 191.52 -2.06% 2.70% $555 914 015 832 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64% 82 $1 954.39 -4.11% -1.82% $236 158 317 873 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $0.998880 0% 0.42% $74 130 049 611 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999973 -0.01% -0.03% $52 352 625 225 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 83 $295.49 -1.54% 15.82% $48 246 384 325 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 68% 71 $0.409560 -4.29% 6.64% $19 799 416 736 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.001666 0.20% -0.19% $18 443 180 310 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64% 77 $0.518507 -7.30% 14.16% $17 500 944 869 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 58.4% 84 $50.68 -8.06% 10.69% $17 098 227 484 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.2% 87 $0.084476 -4.75% 5.40% $11 207 554 336 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 62.8% 78 $9.71 -7.67% 16.86% $9 589 547 375 DOT 7 days price change
12 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 59.6% 82 $29 143.47 -2.27% 2.60% $8 158 800 980 WBTC 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 58.8% 82 $29.81 -10.49% 2.50% $8 022 029 630 AVAX 7 days price change
14 TRON (TRX) TRX TRON predictions 73.6% 55 $0.071895 0.68% -3.97% $7 014 123 058 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 95.2% 1 $1.000661 0.07% 0.23% $6 504 642 637 DAI 7 days price change

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