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Bitcoin

Bitcoin slipped to $ 60,000 in late October, SHIB down 25%: analysis

October 31, 2021 - Around 2 mins mins to read

Bitcoin slips to $ 60,000, BTC, Price, Shib, Market

Bitcoin slipped to $ 60,000 at the end of this month and SHIB lost 25% of its value while the rest of the larger cap altcoins fell again in one day, as we can see more in our latest altcoin news today.

Although larger cap altcoins are bearish, The Sandbox and Decentraland have seen some strong gains. However, Bitcoin slipped to $ 60,000 in another move south and retested the range, with most of the altcoins flowing out on the final day, including the sharp decline in Shiba Inu and Dogecoin. The major cryptocurrency experienced an undercurrent as it fell from $ 61,500 to $ 56,500 in minutes after rebounding from the latest price range below $ 60,000. However, the asset rebounded very quickly and continued to climb to new highs of $ 63,000 on Friday and Saturday.

However, the bears strengthened and began pushing the cryptocurrency south, causing BTC to drop to $ 61,000 in the next few hours before a new rally began, which was stopped at $ 62,500. The rejection adds even more pain to the price, as BTC has lost around $ 2000 since then but is now over $ 60,500, meaning it could fall even lower. Its market cap falls below $ 1,150 trillion while its dominance over altcoins is 44%. ETH has posted two consecutive all-time highs with a high of $ 4,460. The second largest cryptocurrency then began a gradual retracement and has since fallen by $ 200.

Binance Coin hit a new high above $ 530 with a small drop that pushed BNB down to $ 250. The two largest meme coins, Shiba and Doge, saw their biggest price drops in one day, while DOGE fell 7% and SHIB 11%. However, CoinMarketCap shows that SHIB DOGE leads in terms of total market capitalization. The metaverse mania that began with Mark Zuckerberg continued to deliver some strong gains as Decentraland’s MANA token rose 1405 to $ 3.40 while SandBox rose 70%. The gains from Chiliz, Basic Attention Token, Enjin Coin, Zcash, Ankr, Horizen and Zilliqa were even stronger.

DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]

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Author

Annie

Championing positive change through finance, I've dedicated over eight years to sustainability and environmental journalism. My passion lies in uncovering companies that make a real difference in the world and guiding investors towards them. My expertise lies in navigating the world of sustainable investing, analyzing ESG (Environmental, Social, and Governance) criteria, and exploring the exciting field of impact investing. "Invest in a better future," I often say. That's the driving force behind my work at Coincu – to empower readers with knowledge and insights to make investment decisions that create a positive impact.
Bitcoin

Bitcoin slipped to $ 60,000 in late October, SHIB down 25%: analysis

Bitcoin slips to $ 60,000, BTC, Price, Shib, Market

Bitcoin slipped to $ 60,000 at the end of this month and SHIB lost 25% of its value while the rest of the larger cap altcoins fell again in one day, as we can see more in our latest altcoin news today.

Although larger cap altcoins are bearish, The Sandbox and Decentraland have seen some strong gains. However, Bitcoin slipped to $ 60,000 in another move south and retested the range, with most of the altcoins flowing out on the final day, including the sharp decline in Shiba Inu and Dogecoin. The major cryptocurrency experienced an undercurrent as it fell from $ 61,500 to $ 56,500 in minutes after rebounding from the latest price range below $ 60,000. However, the asset rebounded very quickly and continued to climb to new highs of $ 63,000 on Friday and Saturday.

However, the bears strengthened and began pushing the cryptocurrency south, causing BTC to drop to $ 61,000 in the next few hours before a new rally began, which was stopped at $ 62,500. The rejection adds even more pain to the price, as BTC has lost around $ 2000 since then but is now over $ 60,500, meaning it could fall even lower. Its market cap falls below $ 1,150 trillion while its dominance over altcoins is 44%. ETH has posted two consecutive all-time highs with a high of $ 4,460. The second largest cryptocurrency then began a gradual retracement and has since fallen by $ 200.

Binance Coin hit a new high above $ 530 with a small drop that pushed BNB down to $ 250. The two largest meme coins, Shiba and Doge, saw their biggest price drops in one day, while DOGE fell 7% and SHIB 11%. However, CoinMarketCap shows that SHIB DOGE leads in terms of total market capitalization. The metaverse mania that began with Mark Zuckerberg continued to deliver some strong gains as Decentraland’s MANA token rose 1405 to $ 3.40 while SandBox rose 70%. The gains from Chiliz, Basic Attention Token, Enjin Coin, Zcash, Ankr, Horizen and Zilliqa were even stronger.

DC Forecasts is a leader in many crypto news categories, always striving for the highest journalistic standards and adhering to strict editorial guidelines. If you would like to share your expertise or contribute to our news page, please contact us at [email protected]

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