Bitcoin on the Brink: Will it Shatter Record Highs and Soar to New Heights
[뉴욕=박재형 특파원] On the 30th (local time), the cryptocurrency market started with Bitcoin continuing its upward trend above $72,000.
Five of the top 10 stocks rose, and the prices of 61 of the top 100 rose.
According to CoinMarketCap, the price of Bitcoin was $72,034.66 as of 8:30 a.m. New York time, up 1.2% from 24 hours ago.
Ethereum rose 1.76%, Dogecoin rose 2.70%, and Tron rose 2.27%. On the other hand, the price of BNB fell 1.32%, Solana 2.26%, and XRP 0.51%.
At this time, the market capitalization of the cryptocurrency market was $2.42 trillion, with Bitcoin accounting for 58.8%.
Source: CoinMarketCapThe Bitcoin futures price of the Chicago Mercantile Exchange (CME), the most actively traded November contract, fell by $390 to $72,950, and the December contract fell by $340 to $73,525.
Ethereum futures prices rose by $41.50 for November to trade at $2699.50, and for December contracts rose by $40.50 to trade at $2718.00.
As the price of Bitcoin attempts to hit an all-time high, several indicators and data show that the cryptocurrency’s upward trend will continue, according to Cointelegraph.
Veteran trader Peter Brant suggested Bitcoin’s target price range in the range of $85,000 to $160,000. Bitcoin broke through the selling wall between $65,000 and $71,000, liquidating the positions of short traders.
Cryptocurrency analyst Alan Santana argued that “Ethereum offers a higher risk-to-risk return opportunity than Bitcoin.”
He pointed out that the price of Ethereum must overcome the resistance range between $2,800 and $2,900 in the short term to nullify the possibility of a decline.
He also added that if the price of Ethereum exceeds $2,800 in the coming weeks, the next target will be an all-time high near $5,000.
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