The total crypto market cap is $ 2.79 trillion, up 6 percent over the past 24 hours. The top ten coins are all green over the same period, with Solana (SOL) leading the field with a 21.5 percent price increase. At the time of writing, Bitcoin (BTC) is trading at $ 65,644. Ether (ETH) is at $ 4,323.


The cryptocurrency market started a strong uptrend last week, mainly caused by news that the US Securities and Exchange Commission (SEC) has for the first time accepted and approved the ETF futures registration of Bitcoin (BTC) from ProShares Trust registered by Valkyrie.

Bitcoin, in particular, rose 12.66 percent on a seven-day basis – a third straight week of growth for the largest digital asset. It’s also worth noting that we experienced the highest weekly candle close in history.

The ProShares fund started trading on Tuesday morning, October 19, under the BITO tick and recorded the largest natural daily volume ever for an ETF futures product. The strong demand also led to a significant jump in the price of the large Altcoins and, in particular, of the leading Layer 1 protocols.

The BTC / USDT pair closed the trading day at $ 62,000 on Monday after falling to $ 59,800 during the intraday. The coin continued to move higher on Tuesday, adding another 3.6 percent to its valuation, and hitting a daily high of $ 64,400.

In the middle of the week on Wednesday, Bitcoin finally broke its all-time high. The bulls propelled it to $ 66,945 as volumes spiked. On the flip side, the Relative Strength Index went into overbought territory, beating July 21st.

What we see on Thursday lunchtime is a negligible retreat into the $ 65,600 zone.


The Ethereum Project Token is still the most powerful asset right next to Bitcoin. It grew 12.7 last week and was poised to attack the all-time high of over $ 4,000.

On Monday, October 18, the largest altcoin was rejected for the fourth time in a row in the mid-term weekly downtrend. This resulted in a drop to $ 3,744 and a loss of 2.7 percent.

Tuesday’s session was very different. Trading Bitcoin ETF futures caused the price of all major altcoins to spike, and ETH was no exception. Exactly the same candle formed as the day before, but in the opposite direction.

The third day of the work week came with an extension of the uptrend. Ether broke the aforementioned dynamic resistance and closed at $ 4,163, or 7.2 percent higher. The coin printed a new higher high, beating the September 3 high of $ 4,022.

At the time of this market update’s release, the ETH / USDT pair is trading near a new all-time high – 4,323.

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