Wednesday 10 November 2021

Bitcoin Reached A New High of $68,000 - How Much Upside Is There?

 Bitcoin once again set a record high!

On November 9th, the Bitstamp platform quotation showed that Bitcoin reached 68065.30 US dollars per coin. And in the past 24 hours, it has briefly touched the highest at 68564.40 US dollars per coin, which refreshed the previous price record set at the end of October. Bitcoin broke through $68,000 per coin for the first time.

CoinGecko data shows that as of that day, the total market value of cryptocurrencies has exceeded the 3 trillion U.S. dollar mark, which is about 30792 billion U.S. dollars. Among them, the market value of Bitcoin is approximately $128.52 billion.

According to some industry analysts, Bitcoin will show an upward trend in the next few weeks.

A cryptocurrency trader said that Bitcoin currently stands firmly, and 66,000 USD per coin is its safe position. And on November 8, the cryptocurrency hedge fund ARK36 released a report stating that the price of $70,000 in Bitcoin "seems to be coming."

Regardless of how the Bitcoin price fluctuates, Grayscale Investments LLC is its long-term follower. On November 5th, local time, the U.S. Securities and Exchange Commission (SEC) public documents showed that Gray had formally submitted an application for the "Future Finance" ETF (code GFOF), which will track the intersection of "finance, technology, and digital assets." "The company's stock. This is Grayscale's first ETF application outside of the ETF to convert the Grayscale Bitcoin Trust Fund (GBTC), the world's largest Bitcoin fund, into an ETF.

Cryptocurrency "Mining Boom" Is Over?

Recently, the price of graphics cards on the market has plunged in a large area, ending the more than two-year price hike mode. What is the ...