The value of bitcoin has remained comparatively secure initially of November, whereas positive aspects from a number of main cryptocurrencies have helped push the general crypto market to a document excessive.
Ethereum (ether) hit a brand new all-time excessive on Wednesday morning, rising in worth 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, capturing up greater than 18 per cent over the past 24 hours, as did Solana (SOL).
Positive aspects made by meme cash Dogecoin and Shiba Inu coin final week have been sustained, with each holding strong initially of the month.
Some crypto analysts imagine extra information might be damaged within the last two months of 2021, with one standard worth prediction mannequin placing BTC on observe for six figures earlier than Christmas.
We’ll have all the newest information, evaluation and worth forecasts in our stay protection of bitcoin and the remainder of the market proper right here.
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Solana worth document follows exceptional yr
10:04 , Anthony Cuthbertson
Solana’s newest worth 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 under $2.
Its creators declare its fortunes are immediately associated to the potential of Solana’s underlying know-how, which they are saying consists of “the quickest blockchain on the planet”.
“Actually the objective of Solana is to hold transactions as quick as information travels world wide – so pace of sunshine via fibre,” CEO Anatoly Yakovenko mentioned throughout a developer convention in September. “Who we’re competing with is Nasdaq and the New York Inventory Alternate.”
You’ll be able to 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 worth dips barely as Solana overtakes Cardano
09:49 , Anthony Cuthbertson
Bitcoin has slipped in worth barely on Thursday morning, dropping 2.5 per cent to under $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 worth index.
Crypto market now price greater than world’s largest banks mixed
Wednesday 3 November 2021 18:39 , Anthony Cuthbertson
The newest 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 price greater than JPMorgan Chase – the world’s most dear financial institution by market cap – after its all-time excessive as we speak, whereas bitcoin is price 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’ll be able to 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 document excessive this morning.
With a mixed market cap above $2.75 trillion, it’s now price greater than the highest 10 largest banks mixed.
Ethereum (ether) and Solana (SOL) hit particular person all-time highs, after a worth enhance of 5 per cent and 12 per cent respectively over the past 24 hours. Bitcoin remains to be a couple of thousand {dollars} away from its private greatest 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 colleges with bitcoin earnings
Tuesday 2 November 2021 17:54 , Anthony Cuthbertson
El Salvador President Nayib Bukele has introduced that 40 new colleges can be constructed within the nation utilizing the earnings from its bitcoin funding.
“God keen, extra works will come from the earnings of a belief that was created and a Regulation that was created as a result of we ignored the opposition,” President Bukele mentioned.
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 – price greater than $60,000,000 at as we speak’s costs.
You’ll be able to learn the complete story here.
Bitcoin price rise allows El Salvador to build 20 schools with profits
November traditionally greatest month for bitcoin worth positive aspects
Tuesday 2 November 2021 14:53 , Anthony Cuthbertson
After a strong October, which noticed bitcoin rise in worth by 43 per cent, many buyers are hoping for an excellent higher November.
Traditionally, November has been the strongest month for bitcoin, with a median worth achieve of 53 per cent over the 30 days. If BTC rose by this quantity over the subsequent 28 days, it could be north of $90,000 by December.
Ethereum’s document worth 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 worth document.
The final consensus is that ether’s worth 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 improvement of a metaverse.
One knowledgeable predicts Ethereum might hit $10,000 in 2021 – greater than double its present worth.
You’ll be able to learn the complete story here.
Ethereum price smashes record high amid metaverse buzz
Ethereum worth 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 newest document was accompanied by one other all-time excessive from Polkadot (DOT), which has shot up almost 20 per cent over the past 24 hours to interrupt $50 for the primary time in its historical past.
The value surges have pushed the general crypto market above $2.7 trillion, which can be a document excessive – making it extra precious than Amazon and Meta (Fb) mixed. Ethereum alone is now price greater than Visa and Mastercard.
Bitcoin worth 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 and marketing on the crypto change Kraken, instructed 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 worth might go parabolic earlier than the top of the yr, nevertheless any so-called black swan occasion might scupper buyers’ hopes of contemporary all-time highs.
