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    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

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    Best Crypto Exchange Affiliate Programs in 2023

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    What does Crypto Index fund Means and How to Invest?

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    Who Will Reach $1 First In 2023?

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    5 Best New BSC Cryptocurrencies To Invest In 2023

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    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

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    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

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    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

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    Bulls Aim Big After Recent Surge Above $0.5

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    Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

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    Doge Breaking This Single Level Will Spark Fresh Rally

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    Rally Gathers Pace, $0.55 Target In Sight

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

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  • Home
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  • Learn
    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Why Decentralized Exchanges Are On Rise? Can INNODEX Surpass Binance and Uniswap?

    Best Crypto Exchange Affiliate Programs in 2023

    Best Crypto Exchange Affiliate Programs in 2023

    What does Crypto Index fund Means and How to Invest?

    What does Crypto Index fund Means and How to Invest?

    Who Will Reach $1 First In 2023?

    Who Will Reach $1 First In 2023?

    5 Best New BSC Cryptocurrencies To Invest In 2023

    5 Best New BSC Cryptocurrencies To Invest In 2023

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    Investing Penny Stocks? 5 Crypto Stocks To Watch Now

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    5 Reasons Why Shiba Inu Will Rule The Crypto Market In 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Top 5 Cryptocurrencies Under $1 that Will Explode in January 2023

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

    Chinese New Year And Bitcoin Will There Finally Be Fireworks For The King

  • Analysis
    Bulls Aim Big After Recent Surge Above $0.5

    Bulls Aim Big After Recent Surge Above $0.5

    Ethereum Breaks USD 4K, Indicators Suggest Short-term Recovery

    Ethereum Price Topside Bias Vulnerable If It Continues To Struggle Below $1,920

    ADA Price (Cardano) Plunge To $0.32 On The Horizon As Bulls Show Weak Hands

    Risk of Sharp Drop Below $300

    Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

    Optimism Crashes 33% Following Token Unlocks, Why There Could Be More Pain To Come

    Doge Breaking This Single Level Will Spark Fresh Rally

    Doge Breaking This Single Level Will Spark Fresh Rally

    Ethereum Price Indicators Show Vulnerability to Bigger Correction

    Ethereum Price Key Indicators Suggest A Strengthening Case For Surge To $2K

    Rally Gathers Pace, $0.55 Target In Sight

    Rally Gathers Pace, $0.55 Target In Sight

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    Polkadot Experiences Correction After Reaching $5.54: What’s Next In Store?

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

    ADA Price (Cardano) Breaking This Resistance Could Spark Bullish Moves

  • Play2Earn
    Play to Earn Games to Watch in February

    Play to Earn Games to Watch in June

    Bridge Marks of Fate for Tollan Worlds Mint

    Bridge Marks of Fate for Tollan Worlds Mint

    Vulcan Forged Opens Alpha V2 of Metascapes

    Vulcan Forged Opens Alpha V2 of Metascapes

    Pass Mint for Assassin’s Creed Smart Collectible

    Pass Mint for Assassin’s Creed Smart Collectible

    Mobox Goes Cross-Chain with MoDragons

    Mobox Goes Cross-Chain with MoDragons

    Play to Earn with Eternal Dragons via PvP and PvE Leaderboards

    Play to Earn with Eternal Dragons via PvP and PvE Leaderboards

    Play to Mint with Tearing Spaces Beta

    Play to Mint with Tearing Spaces Beta

    Shoot-em-up to Earn with Grit Launch

    Shoot-em-up to Earn with Grit Launch

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    Play and Earn in Illuvium Zero Alpha Season 1

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Here’s What Led to The Recent Surge in Bitcoin (BTC) and Crypto Market

2021-11-09
in Bitcoin
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Indonesian Religious Group Deems Crypto Assets as “Haram”
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The crypto market cap breached $3 trillion for the primary time as majority of the cryptocurrencies traded in inexperienced. Bitcoin (BTC) rose to a brand new all-time-high of $68,530 rising by almost $3,200 over the previous 24-hours. BTC took the bullish cost on November 8 and rose to new ATH earlier at present adopted by a surge within the altcoins market.

Bitcoin
Supply: TradingView

BTC value surge got here within the wake of heavy whale accumulation the place large whales with pockets steadiness between 10K-100K BTC who accrued 43K Bitcoin over the previous 5 days. Ethereum (ETH) and remainder of the crypto market additionally began surging earlier at present with ETH hitting a brand new ATH of $4,837. Other than Ethereum, Binance Coin (BNB, Solana (SOL), Cardano (ADA) and a number of other different altcoins traded in inexperienced.

Ethereum
Supply: TradingView

Did Rise within the Inventory Market Led to Crypto Surge?

The standard monetary market has been reeling from the inflation concern and buyers are in search of a greater hedge towards inflation. Market pundits consider buyers seek for a brand new inflation hedge has introduced them to the crypto market in addition to the inventory market. The Asian market closed on a report excessive whereas the foremost European shares surge to new highs as properly.

Most buyers are nonetheless ready for the US Inflation knowledge which may potential assist the crypto market additional. Bitcoin has emerged as the first inflation hedge for even mainstream buyers as seen over the last Covid wave within the first quarter of this yr. On the time when gold and different inflation hedges have been on a downturn, BTC rose to new highs and its doing one thing comparable now as properly.

“This breakout in bitcoin would possibly sign the beginning of a last push-up for the fourth quarter earlier than the crypto market exhibits extra pronounced consolidation into subsequent yr. Power in bitcoin, ethereum and lots of different altcoins seems doubtless within the weeks to come back.” Fundstrat mentioned in a report on Monday.

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