Bitcoin price – live: Crypto market smashes record all-time high after BTC, Ethereum and Solana surge

Asia's Tech News Daily

LIVE – Updated at 10:42

© Getty Images bitcoin price crypto record ethereum.jpg

Bitcoin surged to a record all-time high on Wednesday, following a weeks-long price rally

The cryptocurrency is now up more than 50 per cent since the start of October, overtaking the market value of tech giants like Facebook and Tesla.

After breaking the $64,800 record reached in April, BTC continued to climb and was trading above $66,000 on Thursday morning. It marks a remarkable recovery for bitcoin, which crashed below $30,000 in July.

Other leading cryptocurrencies have also mirrored bitcoin’s gains, most notably Ethereum (ether) and Solana (SOL), which are both up more than 10 per cent over the last 24 hours. The price increases saw the overall crypto market cap also climb above its previous all-time high, reaching above $2.6 trillion.

Several prominent crypto analysts believe bitcoin is now on the second major leg of a bull run that will take it above $100,000 before the end of 2021, though others have warned another major crash could follow.

You can find all the latest news, analysis and expert price predictions in our live coverage of the crypto market.

Key points

  • Crypto experts predict when bitcoin price will peak
  • Crypto market overtakes world’s most valuable company
  • Analyst predicts ‘parabolic’ price rally

Crypto market smashes record high

10:41 , Anthony Cuthbertson

It’s been a massive 24 hours for the cryptocurrency market, with several other leading altcoins looking to follow bitcoin’s all-time high with a record-breaking price run of their own.

Ethereum is now less than $100 from its ATH, while Solana is also fast approaching its own with gains of more than 20 per cent since this time yesterday.

All of the action has pushed the overall crypto market above its previous record, breaking above $2.6 trillion for the first time in its history this morning.

© Provided by The Independent (CoinMarketCap)

Jack Dorsey: 🌕

Wednesday 20 October 2021 16:53 , Adam Smith

Twitter CEO Jack Dorsey, a long-time advocate of crypto, tweeted a moon emoji when bitcoin hit its peak.


— jack⚡️ (@jack) October 20, 2021

The emoji likely references the phrase ‘to the moon’, signifying a rapidly high rise.

Elon Musk made a similar reference in June 2021, causing an adult-themed cryptocurrency to increase nearly 400 per cent in ten minutes.

Should bitcoin EFTs even exist?

Wednesday 20 October 2021 16:01 , Adam Smith

While the first bitcoin futures exchange trade has excited many, it has its critics, including the Financial Times’ Robert Armstrong.

Armstrong says that many investors want the cryptocurrency process to operate like a standard financial product. Quoting an unnamed executive in the bitcoin fund industry, he argues that the “heart of the matter” is that investors’ pools of capital are in a 401k or brokerage accounts, and the ways to access bitcoin is outside of that system.

“Lots of investors want access and don’t want to do research into the myriad custodial options”, the executive says.

But Armstrong says that bitcoin is not a standard financial product; it is supported by complex technology and its source of value is a “vehicle for the purest speculation”, he writes.

“If you can’t be bothered to learn the unique subtleties involved in owning this stuff, you can’t possibly understand the risks, and so you should not own it at all. Bitcoin ETFs should not exist.”

Bitcoin reaches all-time high

Wednesday 20 October 2021 15:20 , Andrew Griffin

After a remarkable October, bitcoin has reached an all-time high. It’s smashed through its $64,000 previous record, and continued to trade up.

Full story here.

ProShares rings NYSE bell on first bitcoin futures ETF

Tuesday 19 October 2021 18:05 , Anthony Cuthbertson

ProShares rings the bell on the first ever bitcoin futures exchange-traded fund in the US, which has now officially launched on the New York Stock Exchange.

The price of bitcoin appears to have received a big boost already, rising by more than $1,000 to reach a new six-month high of $63,400 on CoinMarketCap’s price index just a couple of minutes ago.

This is tantalisingly close to its all-time high from mid April, which is now just over $1,000 away from being hit.

ProShares (BITO) Ring the Opening Bell for Bitcoin-Linked ETF at NYSE

— Crypto India 🔑 (@CryptooIndia) October 19, 2021

Bitcoin price hits fresh six-month high

Tuesday 19 October 2021 11:01 , Anthony Cuthbertson

Bitcoin has hit a fresh six-month price high, reaching $62,944 on Tuesday morning, according to CoinMarketCap’s price index.

It has dipped slightly in the last few minutes but anticipation of the bitcoin futures ETF remains high and some analysts are expecting more gains.

© Provided by The Independent (CoinMarketCap)

Other crypto market experts are warning that the milestone could be a case of the old trading adage “buy the rumour, sell the news”.

This was the case when El Salvador introduced bitcoin as a legal form of tender in September, though it subsequently rebounded far stronger than the dip.

Bitcoin futures ETF launches today

Tuesday 19 October 2021 07:36 , Anthony Cuthbertson

Today is the day that the long-awaited, first-of-its-kind bitcoin futures exchange-traded fund (ETF) launches on the New York Stock Exchange.

It’s a massive milestone for the crypto industry and will open up BTC to a whole new realm of investors, while also paving the way for more cryptocurrency ETFs in the future. There could even be a further three this month.

We’ve heard from Paolo Ardoino, CTO of cryptocurrency exchange Bitfinex, who describes the launch as a “turning point” for bitcoin.

“As the digital token space evolves, we are seeing increased interest in the concept of a bitcoin ETF, as evidenced by some high-profile global launches. This has not only marked a turning point for the onboarding of institutional investors but is also a clear sign of bitcoin‘s maturity,” he says.

“Bitcoin ETFs may be a significant stimulant for the future of digital token uptake, bringing more investors as well as inspiring the sharing of knowledge within the space. Institutional investors are already driving volumes on exchanges and many expect adoption to skyrocket now that exposure and access to bitcoin will be so readily available.”

Bitcoin price hits all-time – in Japan

Tuesday 19 October 2021 07:22 , Anthony Cuthbertson

The price of bitcoin has hit a record all-time high on Tuesday, though not officially.

The cryptocurrency achieved the feat on an exchange in Japan, where demand appears to be soaring ahead of the launch of the bitcoin futures ETF later today in the US. Investment podcaster Preston Pysh registered bitcoin above $70,000 on one Japanese exchange, but going by CoinMarketCap’s more representative price index, BTC is still just under $2,000 away from hitting a new all-time high this morning.

New #Bitcoin ATH in Japan.

— Preston Pysh (@PrestonPysh) October 19, 2021

Bitcoin price up more than 100% since July

Monday 18 October 2021 17:23 , Anthony Cuthbertson

Bitcoin’s remarkable gains this month mean it has now more than doubled in price since the April-July crash took it below $30,000.

After cresting and dipping in September, bitcoin has followed the form of previous years by shooting up in price in October. Historically, November has been its strongest month, with average gains of 53 per cent since 2011, while December also typically sees a significant price increase for the cryptocurrency. Many investors will be hoping it will do the same again this year to cap off a record-breaking 2021.

© Provided by The Independent
© Provided by The Independent

Crypto experts predict new record bitcoin price this week

Monday 18 October 2021 17:07 , Anthony Cuthbertson

With bitcoin still teasing its all-time high, we’ve reached out to two crypto experts to hear their thoughts on whether we’ll see a new record price high in the coming days.

“A lot of good news has already been price in, although with bitcoin’s all-time high just $2,000 away a fresh attempt to break this is very likely to happen in the short term,” says Nicholas Cawley, an analyst at foreign exchange firm DailyFX, who believes there could be “repeated fresh bitcoin highs” over the next couple of months.

You can read the full story here.

© Provided by The Independent

Bitcoin could be about to hit all-time record high

When will bitcoin price peak?

Monday 18 October 2021 13:22 , Anthony Cuthbertson

For many bitcoin advocates, breaking the price record in 2021 is a question of if, not when. For them, the real questions are how high will it go and when will it crash?

By one analyst’s estimations, the peak of this current market cycle will be hit at some point in mid December, as this is 150 days from the mid-cycle low seen in July – presuming the all-time high is breached.

By TechDev’s calculations, bitcoin will reach $70,000 at some point next week, before hitting $90,000 in November. There will then be a slight dip back to the $60,000 range, he claims, before a “parabolic run up” to a peak of $250,000.

When #Bitcoin was <1M MC, it took ~150 days to go from mid-cycle low to peak.

When #Bitcoin was ~400B MC, it took ~150 days to go from mid-cycle low to peak.

To me this is remarkable and seems important.

150 days from 2021’s mid-cycle low is mid-December.

— TechDev (@TechDev_52) October 17, 2021

How bitcoin and crypto market caps stack up

Monday 18 October 2021 12:25 , Anthony Cuthbertson

With the cryptocurrency market now above $2.5 trillion, it is now worth more than all of the world’s most valuable companies.

Bitcoin alone ranks ahead of Facebook and Tesla, with only Amazon, Alphabet (Google), Saudi Aramco, Microsoft and Apple beating its market cap. Its recent price surge means its market cap is now just $20 billion away from its all-time high.

Excluding precious metals – gold and silver have a market cap of $11.19 trillion and $1.3 trillion respectively – here’s how the top assets stack up.

© Provided by The Independent

Bitcoin price and crypto market tease all-time high

Monday 18 October 2021 09:41 , Anthony Cuthbertson

Bitcoin has hit a new six-month high, hitting $62,614 on Monday morning according to CoinMarketCap’s price index, leaving it less than $2,000 away from its all-time high.

It has helped push the overall crypto market cap above $2.5 trillion, which is now also teasing its own record high.

© Provided by The Independent (CoinMarketCap)

The cryptocurrency space is no longer dominated by bitcoin in the same way it was when the last peak was seen back in April.

Today, BTC only represents just over 40 per cent of the total crypto market capitalisation thanks to massive gains seen by Ethereum (ether), Cardano (ada) and other leading altcoins. This means we’ll likely see the crypto market hit a new high before bitcoin does.

© Provided by The Independent (CoinMarketCap)

Hello and welcome…

Monday 18 October 2021 09:19 , Anthony Cuthbertson

to The Independent’s live coverage of the crypto market. Bitcoin appears to be closing in on a new all-time high on Monday after experiencing a huge price surge in the first half of October 2021.

The world’s leading cryptocurrency is up more than 40 per cent over the last two weeks, with other top cryptocurrencies like Ethereum (ether) and Cardano (ada) also seeing major gains.

We’ll have all the latest news, market analysis and expert price predictions throughout the day right here.

Internet Explorer Channel Network
Asia's Tech News Daily
News Related


Cutting social contact will help slow Omicron spread, UK health chief says

The head of the UK’s Health Security Agency has urged people not to socialise if they do not need to as a health minister insisted that “of course, Christmas is ... Read more »

Threatened by Omicron, EU states urged to test more as some lag

FILE PHOTO: European Parliament plenary session in Strasbourg By Francesco Guarascio BRUSSELS (Reuters) – The European Union's health commissioner has urged governments to boost efforts to detect coronavirus mutations, as ... Read more »

Maslow's Army Thanksgiving deliver

Read more »

Aliens could come to Earth by travelling back on our own spacecraft, scientists warn

(Nasa) Alien organisms could reach Earth through our own crafts exploring outer space, scientists have warned. Humanity has, over time, moved species across continents as we migrate; it is possible ... Read more »

Share your experiences of Barbados becoming a republic

Photograph: WPA/Getty Images We would like to hear from people in Barbados, and those who are part of the diaspora, on the world’s newest republic At midnight on Monday, Barbados ... Read more »

Guatemala stowaway captured on video after smuggling himself 1,000 miles in plane landing gear to Miami

The unidentified man on the tarmac of the Miami International Airport, after arriving in the landing gear of the American Airlines flight on 27 November 2021 (Instagram/Only in Dade) A ... Read more »

Teenagers playing with loaded rifle for ‘social media video' shoot dead five-year-old boy on Thanksgiving

A five-year-old was shot at a Thanksgiving family gathering on Thursday on the 8000 block of Florida Avenue by a teenager (REUTERS) A five-year-old boy in Minnesota was killed on ... Read more »

Delhi HC seeks response from ED on bail plea by Gautam Thapar in money laundering case

The Delhi High Court Tuesday sought the Enforcement Directorate’s stand on Avantha Group promoter Gautam Thapar‘s bail plea in a Rs 500-crore money laundering case. “Issue notice. Reply, if any, ... Read more »

'Waited for long': SC to decide punishment for Vijay Mallya in January

The Supreme Court on Tuesday said it has waited for sufficiently long, and the process to award punishment to Vijay Mallya in a contempt of court, in which he was ... Read more »

Kylie Minogue leads the performers in a black floral jumpsuit as she entertains a packed Royal Albert Hall while topping the bill at the star-studded 2021 British Fashion Awards

Kylie Minogue entertained an exclusive guest list inside London’s cavernous Royal Albert Hall on Monday night as she topped the bill at the star-studded 2021 Fashion Awards.  The Australian singer ... Read more »

Brighton and the thin line between frustration and entitlement

Brighton supporters booed their team from the pitch at the end of their game with Leeds, but is this entitlement or justified frustration? © PA Images Brighton manager Graham Potter ... Read more »

Liverpool owners FSG reach deal to buy NHL giants Pittsburgh Penguins

© Provided by Daily Mail MailOnline logo Liverpool owners Fenway Sports Group have reached an agreement with the Pittsburgh Penguins that would give the conglomerate controlling interest in one of ... Read more »

Rochelle Humes puts legs on display in tulle skirt at Fashion Awards

© Provided by Daily Mail MailOnline logo She never fails to turn heads with her impossibly stylish looks. And Rochelle Humes hit a fashion high note once again as she ... Read more »

LVMH's Kim Jones and London Designer Nensi Dojaka Win the 2021 British Fashion Awards

© Getty / David M. Benett LVMH’s Kim Jones and London Designer Nensi Dojaka Win the 2021 British Fashion Awards After a year-long hiatus from a dazzling red carpet, The ... Read more »

Risiko durch Omikron: Städte in Brasilien sagen Silvesterpartys ab

Wegen der Corona-Pandemie haben mehr als ein halbes Dutzend wichtige brasilianische Städte keine traditionellen Silvesterpartys geplant oder diese abgesagt. © Bereitgestellt von Blick ILLUSTRATION – Wegen der Corona-Pandemie und der ... Read more »

China 2022 DPC Winter Tour Regional League: Schedule, standings, and results

© Provided by Dot Esports China went through one of the biggest shakeups ahead of the previous Dota Pro Circuit, and the same thing happened this year as multiple top ... Read more »

Verfassungsbeschwerden gegen „Bundesnotbremse“ erfolglos

© Bereitgestellt von WELT Stephan Harbarth, Vorsitzender des Senats beim Bundesverfassungsgericht und Präsident des Gerichts im Jahr 2020 Die im April 2021 beschlossene Bundesnotbremse mit nächtlichen Ausgangssperren und Kontaktbeschränkungen sowie ... Read more »

Aussichten bleiben aber gut: KOF-Konjunkturbarometer im November gesunken

Das KOF-Konjunkturbarometer ist im November zwar weiter gesunken, bleibt aber auf hohem Niveau. Die Aussichten für die Schweizer Wirtschaft bleiben damit gut, falls die Entwicklung der Pandemie nicht einen Strich ... Read more »

Neues Musical vom Trio Eugster: «Oh läck du mir!»

Jetzt kommen die unvergesslichen Hits des legendären Trios Eugster als Musical auf die Bühne. © Keystone Das Trio Eugster, mit von rechts nach links: Vic (Viktor) Eugster, Guido Eugster und ... Read more »

Intelligente Zähler: Quickline misst Energie mit neuer Plattform

Der regionale Telekomverbund Quickline steigt ins Energiemessgeschäft ein. Zusammen mit Energieversorgern hat Quickline eine Plattform mit intelligenten Zählern entwickelt. Diese ermögliche unter anderem das Messen von Strom, Wasser, Gas und ... Read more »

Neo-Retro 125er aus Österreich - Brixton Crossfire 125 (2022)

Bereits 2019 auf der EICMA vorgestellt, bringt Brixton seine erste wassergekühlte 125er im Retro-Look für das Modelljahr 2022. © Jörg Künstle Die Moderne zieht bei Brixton ein. In Form des ... Read more »

Milliardensummen für mehr Einfluss: EU will China Paroli bieten

© Keystone/dpa/Maurizio Gambarini Um den Einfluss der EU in der Welt auszubauen, sollen in den kommenden sechs Jahren bis zu 300 Milliarden Euro in die Infrastruktur von Schwellen- und Entwicklungsländern ... Read more »

China updates rules for large insurance groups, adds risk control requirements

© Reuters/BOBBY YIP Neon signs illuminate Chinese listed companies in Hong Kong BEIJING (Reuters) – China’s banking and insurance regulator on Tuesday issued new requirements in the risk management and ... Read more »

Eight-week Abu Dhabi shopping festival to start on National Day

© Provided by The National Abu Dhabi Winter Shopping Season returns with offers starting on UAE National Day. Photo: Retail Abu Dhabi Abu Dhabi residents looking for big bargains during ... Read more »

Twitter's Parag Agrawal is youngest CEO in S&P 500

© Ellian Raffoul Twitter’s newly appointed chief executive Parag Agrawal has emerged from behind the scenes to take over one of Silicon Valley’s highest-profile and politically volatile jobs. Photo: Twitter ... Read more »

Does converting classic cars to electric make them better?

© Provided by The National A 1964 Porsche 356 C has been converted into an EV, which makes it twice as quick in acceleration. I’m staring at a stunning 1964 ... Read more »

Oil falls 3% on jitters over vaccine efficacy

© Reuters/Nick Oxford FILE PHOTO: Pipelines run to Enbridge Inc.’s crude oil storage tanks at their tank farm in Cushing By Florence Tan and Dmitry Zhdannikov SINGAPORE/LONDON (Reuters) -Oil prices ... Read more »

Johor peruntuk RM1.5 juta bantu koperasi terjejas akibat Covid-19

© Provided by Sinar Harian JOHOR BAHRU – Kerajaan negeri Johor memperuntukkan dana sebanyak RM1.5 juta bagi membantu operasi koperasi kecil dan mikro di bawah pendapatan RM1 juta di negeri ... Read more »

Harga lantai getah sekerap masih dikaji

© Provided by Sinar Harian KUALA LUMPUR – Kementerian Perusahaan Perladangan dan Komoditi (KPPK) masih mengkaji penetapan harga lantai getah sekerap di negara ini. Timbalan Menteri Perusahaan, Perladangan dan Komoditi ... Read more »

Veg Route Raises $125,000 In Pre-Seed Round

Veg Route, an agritech fresh produce B2C supply chain, has raised $125,000 in pre-Seed funding. The round was led by Mohan K and Jai Kumar, co-founders of Ippopay, Prabhu R, ... Read more »

Video: 'When we have a plan...we'll contact you': Health minister tries to calm booster jabs booking scramble as she says GPs will contact people when eligible but doctors warn government targets mean they don't have capacity to help

Read more »

'When we have a plan...we'll contact you': Health minister tries to calm booster jabs booking scramble as she says GPs will contact people when eligible but doctors warn government targets mean they don't have capacity to help

The JCVI announced all over-18s in the UK would be invited for a third Covid jab to protect against OmicronExperts fear the strain — also known as B.1.1.529 — is most infectious yet and may dodge vaccine protectionMove prompted thousands to rush to book jabs, but eligible over-40s are still facing hurdles to get their doseDozens reported waits over a month, being stuck on the phone and being directed to sites tens of miles awayBut ministers are aiming to carry out 500,000 Covid jabs a day in an effort to outpace the Omicron variant Meanwhile, No10's spokesperson today hinted Britons could require booster dose to be 'fully vaccinated'If vaccine passports were introduced, all adults may require third dose to go to pubs and restaurantsAre YOU unable to book a booster vaccine near to you? Or do you face a long wait? Email   Read more »

Video: 'If you're standing up and not drinking, wear a mask': London Mayor Sadiq Khan urges punters to carry on using masks in pubs and bars as Tube commuters STILL refuse to wear face coverings on packed carriages despite threat of £200 fines

Read more »

British tourists' ski holiday chaos as Switzerland brings in Covid rules that require TEN-DAY quarantine for anyone arriving from the UK

Winter travel plans in chaos as Switzerland imposes quarantine on arriving Brits Anyone entering Switzerland from the UK must now quarantine for 10 days Comes after cases of Omicron variant were discovered in England and Scotland  Rules will hit skiers flying to Geneva who plan to travel to slopes in France, as well as those with holiday plans in Switzerland itself Read more »

Perth's chances of hosting fifth Ashes Test hang in the balance with state authorities insisting England and Australia quarantine for 14 days when they arrive despite just a five-day turnaround after Sydney match

Perth is scheduled to host the fifth and final Ashes Test from January 14But doubts are growing over whether the match can be staged at Perth StadiumWestern Australia authorities are insisting on a 14-day quarantine for teamsThere is only a five-day turnaround between fourth Test in Sydney and the fifth   Read more »

Boris Johnson's popularity among Tory members slips into the red for only the second time since the 2019 general election as the PM takes a hit following Westminster sleaze scandal and migrant Channel crossings crisis

Boris Johnson's popularity among Tory members slipped into the red this monthOnly second time that Mr Johnson has had a negative rating since 2019 election Meanwhile, Foreign Secretary Liz Truss has now been top of the table for a year  Read more »

Christian Porter cleared of wrongdoing over blind trust that paid legal bills after rape accusation and defamation action

The ex Attorney General has been cleared by parliament's Privileges Committee The committee has though recommended the rules be tightened as a resultHe was accused of a historical rape while a teenager Mr Porter sued the ABC over report of the rape, and stood down as a minister  Read more »

Video: Masks rule returns...but not everyone is on board: Some commuters still refuse to wear face coverings despite £200 fines coming into force in shops and public transport TODAY amid calls for tougher enforcement 

Read more »

Video: Fashion Awards 2021: Demi Moore, 59, displays VERY smooth complexion as she joins typically chic Kate Beckinsale, 48, and ab-flashing model Adriana Lima, 40, at star-studded event

Read more »

Neighbours star Madeleine West, 40, flaunts her trim pins in a pair of Daisy Dukes as the mother-of-six heads to the shops in Byron Bay with her kids

Neighbours star Madeleine West has made no secret of her trim pins over the years.  And the 40-year-old proved she’s still in fantastic shape when she slipped into a pair of ... Read more »
On you will find lots of free English exam practice materials to help you improve your English skills: grammar, listening, reading, writing, ielts, toeic