Bitcoin price surpassed the $66,000 level for the first time since October 1, ETH hits new ATH
Bitcoin price has surpassed $66,000 for the first time since Oct. 1. Meanwhile, Ether has hit an all-time high, currently up 4% on the day, and has made over 12% in this week. At the time of writing, BTC is changing hands at $65,943.
BTC/USD 4-hour chart | Source: TradingView
Bitcoin price breaks above $66,000
Before that, BTC recorded its highest weekly close in history. Meanwhile, Ether has hit an all-time high of $4,748, inching closer to the coveted $5,000 mark.
Ethereum is now trading above its previous ATH, which was $4,632 on May 12. The asset has made a whopping 540% since the beginning of the year, even outperforming bitcoin, which has seen a gain of 125% in the same period.
Buying $ETH at $4,600 in 2021 is like buying $BTC at $4,600 in 2017
Few.
— LilMoonLambo (@LilMoonLambo) November 7, 2021
Ethereum’s market capitalization is now $560 billion, larger than that of Wall Street bank JPMorgan Chase, but below Chinese tech giant Tencent which has $576 billion. To put this into perspective, 11 months ago, in December 2020, this was the same as the entire crypto market cap. That total has also just hit an all-time high of $3 trillion, according to CoinGecko.
Going to be a big week
— Barry Silbert (@BarrySilbert) November 7, 2021
The prices of the two largest cryptocurrencies have spiked higher after Digital Currency Group CEO Barry Silbert tweeted about an upcoming big week for cryptocurrencies. His marketable tweet has garnered over 13,300 likes at the time of writing.
Read more:
- Bitcoin Price Is Holding Support At 60,000, And Slowing Momentum Suggests A Period Of Consolidation
- Bitcoin Holds The Support Above $60k While Whales Dumping – What’s Next?