- Bitcoin has reached its new ATH at $67,276.79
- Analysts believe that BTC can hit up to $100,000 by end of the year.
- Ethereum price is also nearing its ATH.
Bitcoin is now on fire as it continues to break from one resistance level to another. This time, Bitcoin has reached its all-time high price of $67,276.79. As a result, analysts and crypto enthusiasts all over the crypto space are predicting that the $100,000 price by the end of the year is possible.
Lark Davis also said that Bitcoin price under $100,000 is cheap.
At the time of writing, Bitcoin price is at $65,233.17, according to CoinGecko.
Several factors have contributed to the latest crypto milestone. Recently, Bitcoin exchange-traded funds (ETFs) have received approval from regulators. In fact, the first Bitcoin ETF started trading earlier this week and received more than $1 billion trade volume on its first day.
Now that Bitcoin has recorded its newest ATH, many are expecting the altcoin market to go green as well. To be specific, altcoins such as ETH, BNB, and DOT are also seen to be skyrocketing their market position. Currently, ETH price is at $4,191.71, which is a couple of hundred bucks shy from exceeding its ATH also. Furthermore, these digital assets have had over a +10% growth rate in the past seven days. Truly, this is an achievement that the crypto world should be proud of.
Aside from these things mentioned above, there are also many factors that have contributed to the surge of the crypto market lately. The Weekly Crypto Market News Round-Up (OCT 10-16) compiled all the hottest news that happened in the past seven days.
