The uptrend in the cryptocurrency market, which has been going on for several weeks, has changed the bitcoin (BTC) price for the first time in history. over $68,000 carried it.
Bitcoin, which broke the price record of all time by exceeding the level of 68,500 dollars in Turkey time, is accompanied by Ethereum (ETH), which broke its own record by exceeding 4,800 dollars.
After growing throughout October, the crypto money market, which reached a valuation of $ 3 trillion yesterday, approached the level of $ 3.1 trillion, according to CoinGecko data.
Saying that the inflation test given in global markets “will get more and more heated over the next few months” and investors on Wall Street said that “starting to notice” Ed Moya, senior analyst at OANDA, said that these investors are against inflation. started looking for hedges stressed.
“If global bond yields stay heavy this week, the momentum in Ethereum could continue and $5,000 could be targeted. Bitcoin will need another catalyst to move towards $70,000 in the short term.”
In the November 2021 issue of the Financial Stability Report, published yesterday, the Fed included the views of 26 representatives, including intermediary institutions, investment funds, consulting firms and other companies.
The representatives, who expressed their opinions on what constitutes a threat in terms of financial stability, respectively. inflation, vaccine-resistant Covid variants, regulatory and real estate risks in China, tensions between the US and China and to cryptocurrencies warned against.
According to yesterday’s data from Glassnode, the momentum gained by Bitcoin was reflected in the activity experienced in the stock markets last week. stock markets throughout the week. daily approximately 5,000 net BTC The rate of bitcoins in circulation and held on exchanges to 12.9%, the lowest level in recent years. dropped it.
