BTC and BNB Achieve Record Highs, ZEC Gains 60%, Amid Ongoing US Shutdown
This week saw significant movements in cryptocurrency markets as BTC and BNB reached new heights, while ZEC demonstrated impressive weekly growth.
This past week has been significant for the cryptocurrency market, with Bitcoin (BTC) and Binance Coin (BNB) reaching new all-time highs, while Zcash (ZEC) saw a substantial increase of 60%, leading to notable market dynamics.
BTC started October on a positive note, reclaiming losses from September and rising to $120,000. It briefly peaked at $126,000 before staging a pullback back to $121,000. The volatility is anticipated to continue due to the ongoing uncertainty regarding the US government shutdown.
Market Overview:
- Market Cap: $4.215T
- 24H Vol: $181B
- BTC Dominance: 57.1%
Current Prices:
- BTC: $121,200 (+0.8%)
- ETH: $4,325 (-3%)
- XRP: $2.81 (-7%)
Market Highlights:
- Altseason Calls: Market cap of the crypto sector now exceeds $4.4 trillion.
- Arthur Hayes Prediction: Envisions ongoing bullish trends for BTC, forecasting prices up to $400,000.
- Ethereum Forecasts: Analysts predict potential growth to $13,000.
- Peter Schiff’s Outlook: Anticipates a bitcoin crash as gold prices rise.
- XRP Sell Pressure: Ongoing sell-offs from whales are raising concerns.
For the detailed market data and charts of different cryptocurrencies, follow the link.
