BTC Breaks $ 60,000 Barrier After ETF News Leaves Traders ‘Extremely Bullish’ – .

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BTC Breaks $ 60,000 Barrier After ETF News Leaves Traders ‘Extremely Bullish’ – .


Bitcoin topped $ 60,000 for the first time since April, sparking market-wide prices.
The latest gains follow Friday’s announcement that the U.S. Securities and Exchange Commission is expected to approve the first bitcoin exchange-traded fund (ETF) early next week.

Other leading cryptocurrencies have also seen sharp price increases in recent days, with Ethereum (ether), Binance Coin, and Ripple (XRP) all rising 5-10% over the past week.

The crypto market is now valued at over $ 2.44 trillion, which means it is now worth more than Apple, the world’s most valuable company.

Some analysts predicted a record year end, with a price prediction model putting BTC on track to hit a new all-time high by November. The same model predicts that bitcoin will hit six digits in 2021.

We’ll have all the latest expert price news, analysis and predictions here.

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Bitcoin price is approaching an all-time high

The price of bitcoin has more than quintupled over the past 12 months and is now less than $ 4,000 from the all-time high it experienced in mid-April.

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It’s been an eventful year for bitcoin, with some analysts predicting that the latest price hike was just a ‘dead cat bounce’ that would see the cryptocurrency drop back below $ 20,000.
The closer BTC gets to its all-time high of $ 64,000, the less likely this scenario looks. One of the most prominent advocates of this bear market theory, Mr. Whale’s pseudonym, appears to have received a lot of comments on Twitter, judging by his latest tweet:
Anthony CuthbertsonOctober 15, 2021 4:17 PM
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Bitcoin price finally exceeds $ 60,000 as traders are “extremely bullish”

After teasing the $ 60,000 mark all day, bitcoin finally broke through it.
This is the first time since April that the world’s largest cryptocurrency has reached this level, and crossing this milestone could cause prices to rise significantly, according to an analyst.
Will Morris, a seller at UK-based digital asset broker GlobalBlock, believes this could be the start of an “extremely bullish” phase for bitcoin.
“Traders have previously suggested that for bitcoin to enter an extremely bullish phase and become parabolic, it would have to break above the $ 59-60,000 level,” he told The Independent.
“If BTC hits $ 61,000, the upward pressure may be minimal. All-time highs near $ 65,000 will be the next level of resistance before a potential price discovery phase. While the price of BTC has risen sharply in recent weeks, the bitcoin exchange balance remains at a nine-month low, indicating that investors are holding bitcoin in wallets rather than preparing to sell.
Anthony CuthbertsonOctober 15, 2021 2:56 PM
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How far could the price of bitcoin go?

Depending on who you ask the question, the answer to this question can range from $ 0 to $ 1 million.
But separating the so-called FUDsters from the “Moon Boys” are the more realistic crypto analysts, who put the price of bitcoin in a window of between $ 10,000 and $ 250,000 over the next year.
According to PlanB’s “worst case scenario”, bitcoin will be at $ 63,000 by the end of October, before climbing to $ 98,000 in November and $ 135,000 in December. Today he tweets:
Anthony CuthbertsonOctober 15, 2021 1:31 PM
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Crypto expert predicts price ‘frenzy’

Bitcoin is slated for more short-term gains and maybe even a “buying spree,” according to a crypto expert.
We heard from Greg Waisman, co-founder and COO of global payments network Mercuryo, who believes today’s new ETFs could provide the next major step for the market that will take bitcoin to a new high. .
Waisman, that could happen in the next few weeks, before climbing an additional $ 10,000 before the end of the year. Here is what he had to say:


America’s $ 6.7 trillion ETF industry is the world’s largest market – the bitcoin frenzy could reach new heights in the near future.

The approval of bitcoin ETFs based on futures contracts will be seen as a forward-thinking move by the SEC and could lead to an uptrend. Considering the size of the US ETF industry and the current positivity of the market, following the ban on China, El Salvador’s goodwill – use the surplus funds of The Bitcoin Trust for any purpose. nobles and the emergence of India as the country with the most crypto users, among other reasons, I believe not only will bitcoin cross $ 60,000, but also exceed its all-time high this month and surpass potentially $ 65,000 by the end of the month.

Unless some obstacles to growth emerge in the later stages of the year, bitcoin is expected to hit $ 75,000 by the end of the year.

Greg Waisman, Mercuryo

Anthony CuthbertsonOctober 15, 2021 11:06 AM
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The price of bitcoin set for a record end until 2021?

October has always been a positive month for bitcoin, with average gains of 13% since 2011, although this is only a fraction of the price increase typically seen in November.
With a price increase of almost 40% already in October, bitcoin is far outperforming the previous one.
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Anthony CuthbertsonOctober 15, 2021 10:45 AM
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Crypto Analysts Respond to Bitcoin ETF News

You can read the full story of the long-awaited bitcoin futures ETF here, which includes analysis from crypto experts on what this news means for the space.
We will get more feedback throughout the day from analysts, as well as expert price predictions for bitcoin and the rest of the cryptocurrency market. Could we see a record end until 2021? It would only take another sudden surge, like the one we saw earlier this morning, for BTC to hit a new all-time high – although some warn that mania could re-enter the market, signaling that a drop could also be on the way at some point.
Anthony CuthbertsonOctober 15, 2021 9:10 AM
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Bitcoin prices soar, approaching an all-time high

The price of bitcoin is now less than $ 5,000 of its all-time high, after suddenly rising from less than $ 57,000 to nearly $ 60,000 on Friday morning.
The gains stem from a report that the U.S. Securities and Exchange Commission (SEC) is set to approve the launch of a bitcoin exchange-traded fund (ETF).
This would be a huge step forward for bitcoin and cryptocurrency investors, who have been seeking bitcoin ETF approval for years.
The official SEC Investor Education Office Twitter account also hinted that an announcement was imminent, tweeting about the risks of trading bitcoin futures.
Anthony CuthbertsonOctober 15, 2021 6:51 AM
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Dogecoin price skyrockets after Elon Musk’s tweets

Elon Musk once again pushed up the price of dogecoin after exchanging tweets with cryptocurrency founder Billy Markus.
Memes-inspired crypto soared almost 10% after Musk responded with the “100” emoji after Markus tweeted, “If you don’t run a dogecoin node, you are satan”.
The billionaire also posted a crying face emoji on a meme posted by Markus, inspired by the hit Netflix show. Squid game.
As the richest person in the world, Musk revealed earlier this year that beyond Tesla shares and his share of ownership in SpaceX, cryptocurrency is the only thing of significant value he owns.
The only ones he has admitted to personally owning are bitcoin, Ethereum (ether) and, you guessed it, dogecoin.
(CoinMarketCap)
Anthony CuthbertsonOctober 14, 2021 3:04 PM
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How the bitcoin and crypto market compare

After surpassing Apple’s market value today, we’ve put this chart together to see how the cryptocurrency market stacks up against the top 10 assets.
Representing nearly half of the global crypto market capitalization, bitcoin ranks above Facebook, Tesla, and Berkshire Hathaway in the top 10.
Precious metals are not on this chart, but if it were gold, it would be in the lead with a market cap of over $ 11 trillion. Silver would also rank 7th on the list, just ahead of bitcoin with a market cap of $ 1.31 trillion.
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Anthony CuthbertsonOctober 14, 2021 1:28 PM
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Crypto Market Value Surpasses Apple

The cryptocurrency market is now worth more than the world’s most valuable company.
The surge in Bitcoin prices, combined with the gains of Ethereum (ether), Cardano (ada) and Ripple (XRP) over the past few hours, has pushed up the overall crypto market cap by 5%.
That puts it at $ 2.370 billion, about $ 40 billion more than Apple.
Bitcoin alone is now approaching silver’s market cap, with analysts making comparisons to the astonishing price increase it experienced in 2013.
You can read the full story here.
Anthony CuthbertsonOctober 14, 2021 12:01 PM

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