Bitcoin price surge pushes crypto market close to new record high – follow live

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The bitcoin price is closing in on new all-time highs after another surge at the start of the week.

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The cryptocurrency is now below $2,000, down from a record low of $64,000 in April, which fell below $30,000 in July after a remarkable recovery.

The overall cryptocurrency market is also approaching ATH, reaching above $2.5 trillion on Monday morning. This has been prompted by significant gains by several major altcoins, especially Ethereum (Ether), Binance Coin and Polkadot (DOT) over the past week.

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Many leading analysts believe that the latest rally is the start of a major bull run that will see bitcoin and other cryptocurrencies break their previous records in the final months of 2021.

One of the most notable price prediction models, created by pseudonymous Dutch analyst PlanB, puts bitcoin on track to reach six figures in the next two months.

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

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Bitcoin price and crypto market hit all-time high

According to CoinMarketCap’s price index, bitcoin has hit a new six-month high, reaching $62,614 on Monday morning, making it less than $2,000 away from its all-time high.

This has helped push the total crypto market cap above $2.5 trillion, which is now teasing its own record high.

The cryptocurrency space is no longer dominated by bitcoin in the same way it saw its last peak in April.

Today, BTC represents just over 40 percent of the total crypto market capitalization, thanks to the massive gains seen by Ethereum (Ether), Cardano (ADA) and other major altcoins. This means that we will see the crypto market reach a new high before the arrival of bitcoin.

Anthony Cuthbertson18 October 2021 09:41
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Hello and welcome…

To GranthshalaLive coverage of the crypto market. After experiencing a massive price jump in the first half of October 2021, bitcoin looks to be closing in on a new all-time high on Monday.

The world’s leading cryptocurrency is up more than 40 percent over the past two weeks, with other top cryptocurrencies such as Ethereum (Ether) and Cardano (ADA) also making major gains.

We will have all the latest news, market analysis and expert price predictions here throughout the day.

Anthony Cuthbertson18 October 2021 09:19


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Credit: www.independent.co.uk /

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