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Bitcoin’s price rally mirrors investor optimism, with the Fear and Greed Index reaching highs not seen since November 2021. What’s next? Bitcoin’s (BTC) price trajectory from October to early November exhibits a commendable uptrend, marking approximately a 34% increase from the $27,000 range at the start of October to a 16-month peak of $35,919 on Nov. 2. However, the atmosphere has cooled somewhat amid the volatility sparked by the trial of cryptocurrency figure Sam Bankman-Fried, with Bitcoin’s value adjusting to the $34,200 mark as of Nov. 3. The rally seen in October can be attributed to a confluence of key factors. Prominently, the crypto community was buoyed by the prospects of a spot Bitcoin exchange-traded fund (ETF) gaining approval from the U.S. Securities and Exchange Commission (SEC).  Moreover, in the context of global economic uncertainty – intensified by the ongoing geopolitical tensions, including those in the Middle East and between Ukraine...

While long-term investors appear unaffected by the surge, the rally sets the foundation for a ‘resumption of the 2023 uptrend,’ analysts say Bitcoin (BTC) volatility explosion on Oct. 24 has set the market ready for a new rally as a “meaningful proportion of supply and investors now find themselves above the average break-even price,” Glassnode says. In a research report on Oct. 24, analysts at the blockchain analytics firm noted that over 80% of Bitcoin supply is now in profit as the market is approaching year-to-date highs. Bitcoin supply in profit | Source: Glassnode However, long-term holders (LTH) seem unaffected by this week’s rally as almost 30% of their supply is “held at a loss,” analysts say. You might also like: Bitcoin to hit $45k in 2023 as funding rates signal FOMO The current state of affairs for Bitcoin holders is similar to late 2015 and early 2019 and the March 2020 bottom, suggesting that the current ...

Cryptocurrency price s had a good performance this week as Bitcoin rose to $26,000. tomiNet was one of the best-performing tokens as it jumped to a record high. VeChain price soared after being listed by Coinbase. Cryptocurrency prices had a relatively good week as Bitcoin bounced back above $26,000 after falling below $25,000 on Monday. Some of the most important news were  Franklin Templeton’s decision to apply for a Bitcoin ETF and Deutsche Bank’s move to offer crypto custody solutions.  There were other important news. Hedera Hashgraphg launched Stablecoin Studio, a product that empowers institutions to build stablecoins. Telegram, the giant messaging company integrated Toncoin while Coinbase added VeChain in its platform. This article looks at some of the top cryptocurrencies, including tomiNet, XDC Network, and  VeChain . tomiNet price prediction tomiNet was one of the top breakout stars in the crypto industry this we...