The price of bitcoin continued to rise on Tuesday, October 26. The world’s largest cryptocurrency by market capitalization touched an all-time high of $67,139 last week, after the first bitcoin futures exchange-traded fund (ETF) was launched on the New York Stock Exchange. . It dropped slightly after reaching a new record high, but remained above $62,500. According to coinmarketcap.com, as of October 26 at 0816, the price of bitcoin increased by 1.71 percent to $62,811.91 in the past 24 hours. Bitcoin dominance is currently recorded at 45.20 percent, down 0.17 percent over the day.
“Bitcoin is currently trading around the $62,000-mark. After hitting its new all-time high of $66,930 last week, the asset corrected slightly. Some consolidation is being seen, but volumes are holding up well. BTC has a market cap of $1.2 trillion and a dominance of 46 per cent. In short, the past week has been pretty good for the market and pretty much a beating one. Between ETF approvals, ETF launches and now new all-time highs “The pace of news is frantic, but all positive,” said Zebpay Trade Desk.
Ether, the world’s second most valuable cryptocurrency, has also been hitting record highs over the past few weeks ahead of a major upgrade to its underlying platform, Ethereum. According to coinmarketcap.com, the cryptocurrency gained 2.80 percent in one day to $4,236.64. Other popular cryptocurrencies, Cardano and Binance tokens, also rose on Tuesday.
“Ethereum has seen some momentum in the past week. ETH broke out of a descending triangle pattern on the daily chart. Immediate resistance is forming at the $0.072 level, breaking which we could see a strong rally in Ether. Ethereum has started a strong bullish rally. have shown signs that will lead other altcoins to new rallies,” the WazirX Trade Desk noted.
Walmart recently launched a pilot program to allow shoppers to purchase bitcoin at Coinstar kiosks in its stores. The company noted that Walmart customers will be able to purchase bitcoin using ATM-like machines installed by Coinstar. Coinstar, known for its machines that can exchange physical coins for cash, has partnered with digital currency exchange CoinMe to allow customers to buy bitcoin at some of its kiosks. There are 200 Coinstar kiosks located inside Walmart stores across the United States that will allow customers to buy bitcoin.
Here are the top 10 cryptocurrencies and their prices as of October 26, 2021 (data from coinmarketcap.com when the article was published)
Bitcoin $62,811.91 – up 1.71 percent in 24 hours
Ether $4,236.64 – up 2.80 percent in 24 hours
Binance Coin up $486.79 -1.52 percent in 24 hours
Cardano $2.18 – up 2.10 percent in 24 hours
Tether $1.00 – 0.00 percent change in 24 hours
Solana $210.17 – up 4.99 percent in 24 hours
XRP $1.11 – up 2.01 percent in 24 hours
Polkadot $44.03 – up 3.14 percent in 24 hours
Dogecoin $0.2643 – down 2.82 percent in 24 hours
USD coin $1.00 – fell 0.01 percent in 24 hours
The WazirX Trade Desk said that Ether, Solana and LINK appear strong against Bitcoin and are likely to outperform in the coming weeks.
“The cryptocurrency market has taken some aggressive moves in the last 24 hours. Bitcoin crossed the $63,000 mark and Ether neared the $4300 mark. It looks like Solana is under heavy buying pressure at the moment. Due to the huge surge in volumes. The reason for the significant increase in price is as Solana is up by more than 15%. The total trading volume has increased by over 12% in the last 24 hours and the total crypto market capitalization has exceeded the $2.61 trillion mark,” said Edul Patel, Chief Executive Officer and Co-Founder, Mudrex, a global crypto trading platform.
read all breaking news, breaking news And coronavirus news Here. follow us on Facebook, Twitter And Wire.
.