Bitcoin rises to $21,030

In the period from October 25 to October 26, bitcoin showed a very rapid growth and from the $19,300 mark, the main cryptocurrency, although it fixed on a four-hour frame at $20,800, nevertheless, as a result of a squeeze, managed to reach $21,030 at the moment.

Analysts attribute this growth to economic news that has already been included in the price and changes in quotations. At the time of writing, the cost of bitcoin is $20,120 and the price managed to fight off the resistance level of $20,800-$21,000. The capitalization of bitcoin is $387,000,000,000+, and the daily trading volume is $48,000,000,000+. Over the past week, it has added 7.54% in value, and over the past day, the quote has decreased by 2.01%.

Recently, the cryptocurrency market has become stable and the total capitalization is at the level of $1,000,000,000,000,000 and sometimes exceeds this cherished threshold and sometimes falls slightly short. However, the market as a whole is in a global downtrend, while some assets such as Dogecoin and various NFTs go against the trend and bring good profits to their owners. For example, LUKSO (LYXe), VIDT DAO (VIDT), Boson Protocol (BOSON) and Render Token (RNDR) have generated profits ranging between 40% and 99% in a relatively short period of time.

As for the future of the cryptocurrency market, many analysts and influencers are confident that now Bitcoin will start to rise and it will grow. Another part of the audience, including our editors, believes that the downtrend will await us for at least another month, after which the main cryptocurrency will have the opportunity to look in the bullish direction.

The second cryptocurrency, Ethereum, is holding above the $1,500 mark and posted a strong gain of +19.17% over the last week. The capitalization of ETH exceeds $183,000,000,000, and the trading volume was almost $22,500,000,000.