LAST UPDATE: 13.30
Cryptocurrencies rallied on Monday, as the price of Bitcoin “broke” the $ 65,000 mark again and is heading for a record high of 66,923.50 on October 20, while Ether continues its successive record. in the last 10 days, exceeding today for the first time $ 4,700.
In particular, Bitcoin strengthened by 4.8% to $ 65,869. The world’s most popular cryptocurrency has strengthened by about 20% in the last month and its price has jumped by 125% since the beginning of the year.
Ether is at $ 4,730, up more than 2% in the last 24 hours, while on Sunday night it reached $ 4,737. On a monthly basis it has added 31% and since the beginning of the year it has rallied 535%.
Ether’s momentum has strengthened following a Finder.com report in late October that predicted that Ether would fetch more than $ 5,100 by the end of the year, according to a poll by fintech experts. The same report predicts that Ether will exceed $ 50,000 by 2030.
Many cryptocurrency market experts believe that Ether will surpass Bitcoin as the No. 1 cryptocurrency by mid-2022, a fact called “flippening,” as Business Insider reported last week.
As of Sunday night, Ether’s market capitalization was still about half that of Bitcoin. Specifically, at 554.5 billion dollars, against 1.226 trillion. dollars for Bitcoin.
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