From cryptocurrency market started November strongly, especially altcoins took the lead last week. Some of the Biggest Crypto on the Market Reached New all-time highs (ATHs) this week. Yesterday, however, a number of prices made a big dip and that was accompanied by a few whales who took the win. Still, prices are holding up well and generally supply is picking up cryptocurrency-exchanges still off. The total market capitalization is therefore around its ATH at $2.89 trillion.
Bitcoin
Bitcoin (BTC) showed a similar pattern last week to the week before. This week, however, the price dipped a lot less low, which is a good sign. Bitcoin peaked at $64,200 on Tuesday but then started to fall. Yesterday, bitcoin dipped again and the price briefly reached $60,300.
Overall, support around $61,000 is holding up well for now. Bitcoin started to rise again towards the end of the evening. The price peaked around $62,600 last night, but then corrected to $62,000 this morning. Can bitcoin finally break out next week or will the price remain in this consolidation phase a little longer?
#Bitcoin is on the verge of a macro breakout. Lets see what direction it takes pic.twitter.com/BfRl8QlUt8
— whalemap (@whale_map) November 5, 2021
Ethereum
Ethereum (ETH) peaked this week with a new ATH. Last Wednesday, the price briefly touched a new all-time high of $4,675. Ether then corrected slightly lower but appeared to hold up well around USD 4,500. However, ether yesterday, together with bitcoin, also made a significant dip and the price briefly reached $ 4,350. Ether was able to recover overnight and is currently shooting back above USD 4,600, just 1% away from its ATH. Will we see a new record this week?
$ ETH is up over 50x since last years lows in March 2020
The last 18 months has been the greatest wealth transfer this world has ever seen in this market. A bunch of frogs became wealthier than the global elite pic.twitter.com/wEKantPyE9
— Pentoshi Won’t Dm You. hates Dm’s. DM’s are scams (@Pentosh1) November 6, 2021
Binance Coin, Solana & Polkadot
Binance coin (BNB) is rising faster and faster. The price is again 8% in the plus today and now 27% this week. BNB currently stands at $668, its highest since mid-May and less than 3% off the ATH of $686. The chance of a new ATH for BNB this week therefore appears to be very real.
Solana (SOL) also keeps climbing. That is now going a little less quickly, but the SOL price still manages to break its record price. Shortly before midnight, SOL hit a new ATH of $259. How much further can SOL climb in the near future?
The rest vest of the top 10 lags a bit behind today. Polkadot (DOT) dipped with bitcoin and ethereum yesterday, but made a nice jump this morning, bringing the price back above $53. That is also only about 3% away from his ATH from 3 days ago. Perhaps we will soon see a new record for DOT as well.
Top 100 outliers
Shiba Inu (SHIB) fell sharply last week after the massive surge in October. Still, SHIBA made a strong bounce on Friday that allowed it to recover much of the decline again. However, the price corrected during the night, so that SHIB is still 10% in the negative this week. SHIB is at $0.0000578 at the time of writing, about 33% below the ATH of 10 days ago.
Just below SHIB, terra (LUNA) is up 5% today and 20% this week. LUNA just established a new ATH of $52.6. In addition, we see avalanche (AVAX) rising sharply again. AVAX is up 10% today, 35% this week and set a new ATH of $85.4 a few hours ago.
Then we have some hard outliers on the market. For example, helium (HNT) is no less than 42% in the plus state today and 63% this week. HNT just picked up a new ATH of $48.8. Kadena (KDA) is rising even faster today. KDA is up 45% today and a whopping 177% this week. KDA hit a new ATH of $18.4 last night. Running ring (LRC) also performed very strongly this week. The LRC price is 160% in the plus this week, but that is still 40% below its ATH from almost 4 years ago.
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