Analytics / Forex and Crypto News
Yesterday, Bitcoin began the strengthening and reached $8 314. At the time of publication, the price of Bitcoin is $8 237. The market capitalization rose to $148 172.
On Monday, October 21, other cryptocurrencies are also trading in positive territory. The growth leaders from the top ten altcoins are Bitcoin SV and Bitcoin Cash, which added about 16.9% and 8.2% to $105.36 and $232.07, respectively.
Bitcoin dominance index fell at the beginning of the week to 66.2%. Many experts believe that we will observe a reduction in the share of transactions with the largest coin over the next few months. At the beginning of next year, BTC dominance may fall below 50%.
Trader Alistair Milne notes that since mid-September, Bitcoin has shown weak volatility. The coin is trading in the range of $7 500-8 500.
The analyst studied the trajectory of the cryptocurrency and came to the conclusion that despite the weak activity of investors, BTC holds fundamental values. This signals the preservation of the bullish potential of the coin.
Another trader under the nickname il Capo Of Crypto predicts a rise in Bitcoin price to $8 450 in case the coin holds at its current position. This week the average BTC rate should fluctuate at the level of $8 309, the probability of a more significant breakthrough is still low.
During November, ICO-projects sold 416K ETH. This is the largest figure since the summer, reports Trustnodes.
According to Santiment, in August, ICO startups sold only 100,000 ETH. In September, sales of digital currency increased significantly, reaching 300 thousand ETH. In Nov