Bitcoin price ‘frenzy’ predicted after watershed ETF news – follow live

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Bitcoin broke above $60,000 for the first time since April, triggering a rally in the market.

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The latest gains follow news on Friday that the US Securities and Exchange Commission is set to approve the first bitcoin futures exchange-traded fund (ETF) early next week.

Other major cryptocurrencies have also seen significant price increases in recent days, with Ethereum (Ether), Binance Coin and Ripple (XRP) all rising between 5-10 percent 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 have predicted a record-breaking end to the year, 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 reach six digits in 2021.

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


Bitcoin price closing at all-time high

The price of bitcoin has risen more than five times over the past 12 months, and is now less than $4,000 away from its all-time high in mid-April.

It’s been a rough year for bitcoin, with some analysts predicting that the latest price rally was simply a “dead cat boom” that would see the cryptocurrency plummet all the way below $20,000.

The closer BTC is to its record low of $64,000, the less likely this scenario is to happen. One of the most prominent advocates of this bear market theory, the pseudonym Mr. Whale, seems to be receiving a lot of comments on Twitter, judging by his latest tweet:

Anthony Cuthbertson15 October 2021 16:17

Bitcoin price finally breaks $60,000, with traders ‘extremely bullish’

After teasing the $60,000 price mark all day, bitcoin has finally broken above it.

According to one analyst, this is the first time since April that the world’s largest cryptocurrency has hit such a high, and breaking this milestone could signal a significant price rally.

Will Morris, sales trader at UK-based digital asset broker GlobalBlocks, believes this could be the start of an “extremely bullish” phase for bitcoin.

“Traders previously suggested that bitcoin would need to break the $59-60k level to enter an extremely bullish phase and turn parabolic,” he told The Granthshala.

“If BTC breaks above $61k, there could be minimal upside pressure. The all-time high around $65k will be the next resistance level before a potential price discovery phase. While BTC price has risen sharply over the past few weeks, Bitcoin balances on exchanges remain at their lowest level in nine months, indicating that investors are holding bitcoins in wallets rather than preparing themselves to sell.

Anthony Cuthbertson15 October 2021 14:56

How much can the price of bitcoin rise?

Depending on who you ask, the answer to this question can range from an answer of $0 to an answer of $1 million.

But separating the so-called FUDsters from the ‘moon boys’ are more realistic crypto analysts, who placed the price of bitcoin within a window of between $10,000 and $250,000 over the next year.

One of the most accurate predictions made in recent months comes from the pseudonymous Dutch analyst PlanB, who in June predicted the price of bitcoin in August and September within less than a third.

According to PlanB’s “worst-case scenario,” bitcoin will be at $63,000 by the end of October, before shooting up to $98,000 in November and $135,000 in December. Today he tweeted:

Anthony Cuthbertson15 October 2021 13:31

Crypto expert predicts price ‘mania’

According to one crypto expert, Bitcoin is poised for more short-term gains and even “buying frenzy”.

We heard from Greg Wiseman, co-founder and COO of global payments network Mercuryo, who believes that today’s ETF news could provide the next major stage for the market that will push bitcoin to a new all-time high.

Wiseman This could come in the next few weeks, before climbing to $10,000 before the end of the year. Here’s what he had to say:

The 6.7 trillion US ETF industry is the world’s largest market – the bitcoin craze could reach new heights in the near future.

Approval of futures-based bitcoin ETFs would be seen by the SEC as a forward-thinking one and could lead to bullish momentum. Given the size of the US ETF industry and the current positivity in the market, El Salvador’s good will after China put the ban behind the public – to use surplus funds from the Bitcoin Trust for noble purposes and India’s country with the most crypto As emerging among other reasons, I believe bitcoin will not only surpass $60,000, but also break its all-time high this month and potentially surpass $65,000 by the end of the month.

Unless there are some obstacles to growth in the later stages of the year, Bitcoin is poised to reach $75,000 by the end of the year.

Greg Wiseman, Mercury
Anthony Cuthbertson15 October 2021 11:06

Bitcoin price set for record-breaking end of 2021?

October has historically been a positive month for bitcoin, averaging 13 percent gains from 2011, although it is a fraction of the price increases typically seen in November.

With prices already up nearly 40 percent in October, bitcoin is outperforming the precedent.

We are still halfway through October, but if bitcoin stays at its current price and then repeats the average gains of previous years, it will reach six figures before Christmas. This is obviously just hypothetical but many leading analysts like PlanB have made similar estimates.

Anthony Cuthbertson15 October 2021 10:45

Crypto Analysts Respond to Bitcoin ETF News

You can read the full story of the long-awaited Bitcoin Futures ETF here, including an analysis from crypto experts on what this news means for the space.

We’ll get more feedback from analysts throughout the day, as well as expert price predictions for bitcoin and the rest of the cryptocurrency market. Could we be in for a record-breaking end to 2021? It will only be another sudden surge, as we saw this morning, for BTC to hit a new all-time high – although some are warning that the frenzy may once again hit the market, signaling a downside. Maybe at some point along the way.

Bitcoin ETF News Sends the Price of Crypto Soaring

First ever crypto futures ETF in the US expected to be approved by the SEC next week

Anthony Cuthbertson15 October 2021 09:10

Bitcoin price jumps, closes at record high

Bitcoin price is now below $5,000 from its all-time high after a sudden jump from $57,000 to near $60,000 on Friday morning.

The gains come on the back of a report that the US Securities and Exchange Commission (SEC) is set to approve the launch of a bitcoin exchange-traded fund (ETF).

This will be a huge step forward for bitcoin and cryptocurrency investors, who have been seeking bitcoin ETF approval for years.

The official Twitter account of the SEC’s Office of Investor Education also indicated that an announcement was imminent, tweeting about the risks of trading bitcoin futures contracts.

Anthony Cuthbertson15 October 2021 06:51

Dogecoin price jumps after Elon Musk’s tweet

Elon Musk has once again raised the price of Dogecoin after tweeting with the cryptocurrency’s founder, Billy Marcus.

The meme-inspired crypto surged nearly 10 percent after Marcus tweeted the meme-inspired crypto after Musk replied with the ‘100’ emoji, “If you don’t run a Dogecoin node, you’re the devil”.

The centibillionaire also posted a crying face emoji in a meme posted by Marcus, inspired by Netflix’s hit show squid game.

As the world’s richest man, Musk revealed earlier this year that beyond his share of ownership in Tesla stock and SpaceX, cryptocurrency is the only thing of significant value he owns.

The only people who have acknowledged that they personally own bitcoin, ethereum (ether) and, you guessed it, dogecoin.

Anthony Cuthbertson14 October 2021 15:04

How bitcoin and crypto markets stack up

After outselling Apple’s market cap today, we’ve put together this chart to see how the cryptocurrency market stacks up against the top 10 major assets.

Accounting for almost half of the global crypto market cap, bitcoin ranks above Facebook, Tesla and Berkshire Hathaway in the top 10.

No precious metals are included in this chart, but they would come out with a market cap of over $11 trillion if they were gold. Silver would also rank 7th on the list, just ahead of bitcoin, with a market cap of $1.31 trillion.

Anthony Cuthbertson14 October 2021 13:28

Crypto Market Cap Overtakes Apple’s

The cryptocurrency market is now worth more than the most valuable company in the world.

The rise in the price of bitcoin combined with gains from Ethereum (Ether), Cardano (ADA) and Ripple (XRP) has pushed up the overall crypto market cap by 5 percent over the past few hours.

This puts it at $2.37 trillion — nearly $40 billion more than Apple.

Bitcoin alone is now closing in on the market cap of silver, with analysts comparing the astonishing price increase experienced in 2013.

You can read the full story here.

Crypto Market Overtakes World’s Most Valuable Company in Bitcoin Price Rally

Cryptocurrency surge comes after prediction models put BTC on track for new record high in 2021

Anthony Cuthbertson14 October 2021 12:01




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