$1 Trillion Crypto Price Boom: Bitcoin Braced For Further Supply Shocks As Ethereum Suddenly Surges - News Summed Up

$1 Trillion Crypto Price Boom: Bitcoin Braced For Further Supply Shocks As Ethereum Suddenly Surges


Bitcoin and cryptocurrency prices have rocketed through October, with the combined crypto market adding $1 trillion since its September lows. Bitcoin's rally, adding $20,000 to the price of just one bitcoin, has been put down to big bitcoin holders (known as whales) adding to their stacks—with crypto analysts finding supply shocks "have only grown stronger." Helping you understand the world of bitcoin and crypto, every weekdayMORE FROM FORBES Crypto Price Prediction: Ethereum Could Outpace Bitcoin And Surge To Over $50,000The bitcoin price has added around 40% to its value over the last month, with ethereum's rally also ... [+] helping to boost the combined crypto market cap. With newly created coins being hoarded, the bitcoin price has risen as demand outpaces supply. CryptoCodex—A free, daily newsletter for the crypto-curiousMORE FROM FORBES Crypto Price Prediction: Bitcoin Forecast To Hit $5 Million As Price Soars Through 2021The bitcoin price, after a summer lull, has returned to form over the last month.


Source: Forbes October 30, 2021 11:19 UTC



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