The worth of bitcoin has remained comparatively secure in the beginning of November, whereas features from a number of main cryptocurrencies have helped push the general crypto market to a file excessive.
Ethereum (ether) hit a brand new all-time excessive on Wednesday morning, rising in value above $4,600 for the primary time in its historical past amid a surge in use of its blockchain community.
Polkadot (DOT) additionally achieved a brand new peak above $53, taking pictures up greater than 18 per cent over the past 24 hours, as did Solana (SOL).
Beneficial properties made by meme cash Dogecoin and Shiba Inu coin final week have been sustained, with each holding strong in the beginning of the month.
Some crypto analysts imagine extra information might be damaged within the closing two months of 2021, with one in style value prediction mannequin placing BTC on monitor for six figures earlier than Christmas.
We’ll have all the most recent information, evaluation and value forecasts in our dwell protection of bitcoin and the remainder of the market proper right here.
Learn Extra
Bitcoin wallet from Satoshi era mysteriously activates after 11 years
Key factors
Solana value file follows exceptional yr
10:04 , Anthony Cuthbertson
Solana’s newest value surge has seen it attain above $2.40 for the primary time in its historical past. The all-time excessive for Solana follows an astonishing yr for the altcoin, which began the yr buying and selling beneath $2.
Its creators declare its fortunes are immediately associated to the potential of Solana’s underlying expertise, which they are saying contains “the quickest blockchain on the planet”.
“Actually the aim of Solana is to hold transactions as quick as information travels around the globe – so velocity of sunshine via fibre,” CEO Anatoly Yakovenko stated throughout a developer convention in September. “Who we’re competing with is Nasdaq and the New York Inventory Alternate.”
You possibly can learn extra about Solana and its exceptional rise right here.
What is Solana? The crypto that is rising 200-times faster than bitcoin in 2021
Bitcoin value dips barely as Solana overtakes Cardano
09:49 , Anthony Cuthbertson
Bitcoin has slipped in value barely on Thursday morning, dropping 2.5 per cent to beneath $62,000.
The dip has been mirrored by a number of different main cryptocurrencies, together with Ethereum (ether), Cardano (ada) and dogecoin.
Bucking the pattern is Solana, which rose by 2.5 per cent in a single day to push its market cap above $70 billion. This implies it now ranks above Cardano and the stablecoin Tether on CoinMarketCap’s value index.
Crypto market now value greater than world’s largest banks mixed
Wednesday 3 November 2021 18:39 , Anthony Cuthbertson
The most recent crypto market rally has pushed the general worth of all cryptocurrencies mixed above the highest dozen largest banks on the planet.
Ethereum (ether) alone is value greater than JPMorgan Chase – the world’s most beneficial financial institution by market cap – after its all-time excessive as we speak, whereas bitcoin is value greater than double that.
As cryptocurrencies overtake the giants of conventional finance, some banks are taking steps to let their guard down a bit. Simply as we speak, Australia’s Commonwealth Financial institution introduced that it could enable retail prospects to purchase, promote and retailer crypto via their cellular banking app.
You possibly can see extra charts and browse the complete story here.
Crypto market now worth more than top dozen largest banks combined
Ethereum and Solana surge, pushing crypto market to all-time excessive
Wednesday 3 November 2021 09:38 , Anthony Cuthbertson
The cryptocurrency market has hit a brand new file excessive this morning.
With a mixed market cap above $2.75 trillion, it’s now value greater than the highest 10 largest banks mixed.
Ethereum (ether) and Solana (SOL) hit particular person all-time highs, after a value improve of 5 per cent and 12 per cent respectively over the past 24 hours. Bitcoin continues to be a number of thousand {dollars} away from its private finest however is up greater than 2 per cent since this time yesterday.
Right here’s the complete story:
Crypto market hits record high
Wednesday 3 November 2021 02:53 , Vishwam Sankaran
Bitcoin, ethereum and solana surge
A number of cryptocurrencies together with bitcoin and ethereum have grown over 3 per cent within the final 24 hours, taking the worldwide crypto market to a worth of about $2.73 trillion.
Bitcoin has risen in worth by about 3.5 per cent within the final 24 hours.
In the meantime ethereum hit an all time excessive worth of over $4,600, and continues to be priced across the mark.
Solana has grown by over 10 per cent within the final 24 hours and Polkadot has surged by about 4 per cent throughout this era.
Meme cash dogecoin and shiba inu nevertheless have slipped in worth within the final day with the latter dropping by over 4 per cent.
The worldwide crypto market has grown in worth by about 4 per cent within the final 24 hours.
El Salvador to construct 20 faculties with bitcoin earnings
Tuesday 2 November 2021 17:54 , Anthony Cuthbertson
El Salvador President Nayib Bukele has introduced that 40 new faculties can be constructed within the nation utilizing the earnings from its bitcoin funding.
“God prepared, extra works will come from the earnings of a belief that was created and a Legislation that was created as a result of we ignored the opposition,” President Bukele stated.
The nation has additionally began constructing the primary public veterinary hospital, additionally funded by crypto earnings. El Salvador at the moment holds greater than 1,000 bitcoins – value greater than $60,000,000 at as we speak’s costs.
You possibly can learn the complete story here.
Bitcoin price rise allows El Salvador to build 20 schools with profits
November traditionally finest month for bitcoin value features
Tuesday 2 November 2021 14:53 , Anthony Cuthbertson
After a strong October, which noticed bitcoin rise in value by 43 per cent, many buyers are hoping for a fair higher November.
Traditionally, November has been the strongest month for bitcoin, with a mean value achieve of 53 per cent over the 30 days. If BTC rose by this quantity over the following 28 days, it could be north of $90,000 by December.
Ethereum’s file value defined
Tuesday 2 November 2021 14:28 , Anthony Cuthbertson
We’ve heard from some crypto trade figures to listen to their ideas on Ethereum’s newest value file.
The overall consensus is that ether’s value rally is being pushed by a surge in decentralised app, NFT and gaming token utilization, which was boosted by information final week that Fb – now Meta – is pivoting its focus to the creation and growth of a metaverse.
One professional predicts Ethereum may hit $10,000 in 2021 – greater than double its present value.
You possibly can learn the complete story here.
Ethereum price smashes record high amid metaverse buzz
Ethereum value hits new all-time excessive
Tuesday 2 November 2021 14:27 , Anthony Cuthbertson
Ethereum (ether) has simply hit a brand new all-time excessive, reaching tantalising near $4,500.
The most recent file was accompanied by one other all-time excessive from Polkadot (DOT), which has shot up practically 20 per cent over the past 24 hours to interrupt $50 for the primary time in its historical past.
The worth surges have pushed the general crypto market above $2.7 trillion, which can also be a file excessive – making it extra useful than Amazon and Meta (Fb) mixed. Ethereum alone is now value greater than Visa and Mastercard.
Bitcoin value in ‘calm earlier than the bullish storm’
Tuesday 2 November 2021 14:25 , Anthony Cuthbertson
With the worth of bitcoin holding regular at round $61,500, one trade determine has described it as “the calm earlier than the bullish storm”.
Dan Held, director of progress advertising on the crypto alternate Kraken, advised his Twitter followers: “Strap in your moon boots.”
It follows the identical narrative pushed by a number of main analysts, who’re predicting a record-breaking finish to 2021, with November usually being a powerful month for bitcoin. If patterns from earlier bull runs are adopted, the BTC value may go parabolic earlier than the tip of the yr, nevertheless any so-called black swan occasion may scupper buyers’ hopes of contemporary all-time highs.
