Bitcoin has hit the $68 500 mark
The first cryptocurrency is “clear to take off,” analysts say
09.11.2021 - 12:30
611
2 min
0
What's new? In the night from Monday to Tuesday, November 9, bitcoin rose above the $68 500 mark. The cryptocurrency rose to a high of $68 564, marking its fourth consecutive day of gains. At the time of writing the material, bitcoin is at $67 320, having been corrected after hitting another high.
What do traders and analysts say? A popular Twitter trader under the nickname Pentoshi predicted earlier this week that bitcoin is “clear to take off.”
$BTC highest weekly close ever after consolidation We are clear for take-off pic.twitter.com/yHEr7sjy9v— Pentoshi Won’t Dm You. hates Dm’s. DM's are scams (@Pentosh1) November 8, 2021
The co-founder and analyst of the Decentrader platform, known on Twitter as filbfilb, also stated that he believes BTC has “caught” a bullish wave. According to the expert, the first cryptocurrency will soon reach the $70 000 mark.
What is the state of onchain activity? For their part, analysts at blockchain data provider Glassnode pointed out that the outflow of funds from cryptocurrency exchanges has intensified amid new BTC records. The platforms' reserves amounted to just over 12,9 % of the circulating supply.
As #Bitcoin hits new All-Time-Highs, exchange balances continue to be depleted.Exchange reserves we track account for just over 12.9% of the circulating supply and are still seeing outflows, even at ATH prices.Read: https://t.co/unaRv5iHHqWatch: https://t.co/5K2LuXChem pic.twitter.com/vSWjsbkPRJ— glassnode (@glassnode) November 9, 2021
According to experts, onchain activity is currently “very slowly recovering.” This suggests that the crypto market is still in a moderate accumulation phase, Glassnode analysts added.
Useful material?
Telegram 
Twitter Technologies
Network fees will be integrated into the cost of swaps
Nov 22, 2024
Market
The company’s unrealized profits from investing in its first cryptocurrency approached $14 billion
Nov 19, 2024
Incidents
The search, the reason for which was not announced, took place a week after the election, the results of which Polymarket users predicted quite accurately
Nov 14, 2024
Market
Analysts point to the growing popularity of the first cryptocurrency as a safe haven asset
Nov 13, 2024
Market
The product will begin trading on the Swiss Exchange on November 19
Nov 12, 2024
Market
The company’s unrealized profits from investing in the first cryptocurrency approached $13 billion
Nov 12, 2024
Cryptocurrency rates
-
Bitcoin
$98 727
BTC
+0.83%
-
Ethereum
$3 476
ETH
+5.29%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.56
XRP
+10.06%
-
Dogecoin
$0.462411
DOGE
+15.8%
-
Cardano
$1.11
ADA
+24.35%
-
Stellar XLM
$0.458086
XLM
+58.01%
-
Polkadot
$8.2
DOT
+34.43%
-
Bitcoin Cash
$540.75
BCH
+13.26%
-
Litecoin
$103.06
LTC
+16.27%