Bitcoin (BTC) has hit a new all-time high in US dollars as the long-awaited surge drives BTC / USD into pricing.
Bitcoin is back in pricing
Data from Cointelegraph Markets Pro and TradingView show that Bitcoin has exceeded the cap of $ 64,900 in place since April.
On the second day of trading for the hugely popular strategic ETF Bitcoin ProShares, BTC / USD rose again ahead of the US Open – a fact that has shaped the pair for the past few days.
Bitcoin’s most famous names have been celebrated on social media.
“The Great Hall of Eternity echoes from the screams of those who sold their bitcoins,” said MicroStrategy CEO Michael Saylor summary.
– PlanB (@ 100 trillion USD) October 20, 2021
This week, Bitcoin posted all-time highs against several major fiat currencies, including the euro.
As Cointelegraph reported, further highs are expected in the coming weeks and months, interrupted by brief corrections to establish new levels of support.
The highest short-term estimates currently focus at around $ 300,000 per bitcoin.
“Bitcoin season” is in full swing
Various dates support the idea that the moment Bitcoin is supposed to shine will precede altcoins, which will continue to be influenced by BTC as the day progresses.
Related: BTC Price Up 50% As “Altruistic” China Bans Bitcoin Mining
With Bitcoin’s market cap at its highest level since May – 47.4%, according to CoinMarketCap filings – prominent traders have warned that now is not the time to focus on the multi-altcoin portfolio.
This is the great point of being able to incorporate BTC rides into new athletes and then resume them again. 2 for the price of one pic.twitter.com/y3gcjkyWmA
– Pentoshi won’t condemn you. hate DMs. DM is a scam (@ Pentosh1) October 18, 2021
It is currently estimated that the first half of 2022 will cause a shift in the fate of altcoins.