Two Cryptocurrencies You Should See This Week

Many predictions suggest it Last week’s rally in the digital currency cryptocurrencies ecosystem could become the source of a major bull run this week. This is being driven by many crypto advocates on various social media platforms and there are two cryptocurrencies to be seen this week.

Cryptocurrencies You Should See This Week- Bitcoin (BTC)

Bitcoin took crypto market cap to new heights last week. The coin rebounded more than 10.30% in the following 7 days, climbing to a weekly high of $ 62,757.13, the highest since April.

While October’s BTC price surge was based on steady growth, last week’s earnings were boosted by sentiment surrounding the Securities and Exchange Commission (SEC) approval of the Bitcoin ProShares Futures Exchange Fund (ETF).

According to various media reports, everything seems fixed and around SEC affairs we could start trading BTC ETF product futures on the NYSE Arca and under the Chart.BITO code symbol starting next week. If the event goes as planned, a new barrage of institutional money could be ushered into the industry as many conservative and regulation-conscious investors now have opportunities to get involved in the space. .

Bitcoin could get a big boost as institutional money poured into the ProShares ETF product starting this week. With potential growth ahead, Bitcoin could retest its all-time high of $ 64,863.10 if the ETF product goes live as planned.

Cryptocurrencies That You Should See This Week– Polkadot (DOT)

Polkadot started on a bearish note last week but accelerated quickly to hit a new weekly high of $ 44.68, a price slightly below the ATH of $ 49.69 that was hit back in May.

The price change of the digital currency was spurred when the Polkadot board of directors approved a proposal for open parachain auctions which, if approved by the public, would begin next month. The DOT token has a lot to gain as it will find a central utility among the protocols offered at auctions and the activities in the vast ecosystem can cause the digital currency to outperform its previous ATH, the one with a new pricing goes hand in hand.

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