Bitcoin Pumps $ 2,000 In 45 Minutes, Breaks $ 65,000; Ethereum hits all-time high of $ 4.7,000 as bulls take control
Bitcoin has broken out of its range and hit a two and a half week high when the bulls took control after the weekly candle closed at 11 a.m. AEDT (midnight UTC).
The original crypto pumped $ 2,000 to $ 64,900 in 45 minutes this morning, its highest level since October 22nd. That was the day BTC fell shortly after breaking its all-time high in April.
Bitcoin trading since October 20th
“Update, Bitcoin has decided to moon now,” tweeted Wellington, New Zealand-based crypto influencer Lark Davis. “This breakout can take us to new all-time highs.”
If we don’t see $ 70,000 #Bitcoin this week, I’ll fast for 7 days.
– Mike Alfred (@mikealfred) November 8, 2021
At noon (Sydney time), BTC changed hands for $ 65,144, 5.5 percent more than yesterday.
Ethereum had now climbed 3.0 percent to an all-time high of $ 4,729.
NEW: Ethereum hits $ 4714 – a new all-time high 🚀
– Blockworks (@Blockworks_) November 8, 2021
Solana, avalanche and Terra (LUNA) hit an all-time high over the weekend, as did smaller cryptos Gnosis, Radix, Queensland-based Ethereum staking service Missile pool, KuCoin tokens, Aurory, helium, Kadena, Wonderland (TIME), Arweave, Axie infinity.
At lunchtime, Kadena was still up 19.3 percent to $ 17.72 – up from under $ 3 two weeks ago. The No. 67 crypto, Kadena, aims to be an enterprise-grade proof-of-work blockchain for applications.
Ripple’s XRP Token was the biggest winner in the top 20, rising 9.6 percent to $ 1.27.
Crypto market up 3%
In total, the entire crypto market was $ 2.84 trillion, up 2.98 percent from yesterday.
Solana had cooled off a bit, dropping 3.9 percent to $ 245 after hitting its high of just under $ 260 yesterday. But it retained its 4th place in the coin rankings.
Shiba Inu Token fell 8.9 percent to $ 0.0054 while Dogecoin rose 3.1 percent to $ 27.2 million. The dog coins are the cryptos no.11 and no.9.
Get the latest Stockhead news delivered to your inbox for free.
It’s free. Sign out whenever you want.