Bitcoin Breaks Its All Time High

GB Market Commentary 21/10/2021

by Frederick Williams


Bitcoin dumped nearly $2,400 this morning after setting an all-time high of $67,000 last night. The all-time high break came on the back of a futures exchange-traded fund (ETF) going live on Tuesday and seeing over $500 million worth of Bitcoin exposure offered on the first day of its trading. Traders have stepped in this morning to take profits on their gains, sending Bitcoin down by several hundreds of dollars.

Bitcoin / U.S. Dollar - 21st Oct

Ethereum jumped 8.9% in the past day to over $4,191 this morning, just $125 away from its May 2021 all-time high. Solana and Cardano saw gains of 17% and 7% respectively, and Litecoinseeing a 12% price increase.


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