Bitcoin eyes third weekly close above $60K as Ethereum fuels new altcoin market cap record

Bitcoin (BTC), $61,000, remained intact over the weekend following “aggressive purchasing” on Coinbase that stimulated multiday highs.

BTC/USD 1-hour candle charts (Bitstamp). Source: TradingView

Coinbase BTC buyers step up

Market individuals will have an interest in both the weekly and month-to-month closes on Sunday. The former might see an all-time high. BTC/USD might also close its 3rd successive week above $60,000.

Fridays strong efficiency, after U.S. traditional market opened, helped Bitcoin reach its minimum regular monthly close target.

Market individuals will be interested in both the monthly and weekly closes on Sunday. The former could see an all-time high.

Some aggressive BTC buying on Coinbase today pic.twitter.com/sR1eMuF2ze.
— Will Clemente (@WClementeIII) October 29, 2021.

Other areas saw strong performance, with Shiba Inus (SHIB), holding consistent after the weeks blistering gains.
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However, for many, it was everything about altcoins when the weekend began.

Data from TradingView and Cointelegraph Markets Pro revealed that BTC/USD dropped overnight after briefly touching $63,000.

Market cap for ltcoin reaches all-time highs.

Pentoshi was referring to a whale whose BTC divesting overall has gone beyond 1,000 BTC. Each batch of 20-30 BTC was then traded on the open markets.

Ethereums Ether( ETH) reached brand-new all-time highs Friday, helping to raise the total altcoin market cap to $1.473 trillion.

Pentoshi, a popular trader and analyst, noted that Pentoshi had actually likewise offered somewhere else. Pentoshi was referring to a whale whose BTC divesting total has actually surpassed 1,000 BTC. Each batch of 20-30 BTC was then traded on the free markets.

He summarized, “Just goes to demonstrate how liquid this market today.”.

Experts kept in mind that Coinbase, a major exchange, was the location for heavy accumulation.

Chart of Altcoin Market Cap for 1-Week. Source: TradingView.

Similar: Altcoin Roundup – Dogecoin and Shiba Inu are bringing the dogsleds to mass adoption.