Categories: Market

Crypto Market November 9, 2021: Bitcoin Recovers Towards $ 69,000, Ethereum Sets New ATH, Altcoins Are All Green

Cryptocurrency Market November 9, 2021 by cryptonew: Bitcoin price is still in a steady upward trend and has broken the $ 66,000 mark. BTC even surpassed $ 68,000, trading to a new all-time high near $ 68,640. At 04:17 UTC, BTC consolidates gains above $ 68,500 and can expand the rally to $ 69,000.

In addition, most of the major altcoins are also rising steadily. ETH broke the USD 4,750 level and hit a new all-time high near USD 4,860. XRP is consolidating earnings and facing hurdles near $ 1.28. ADA is up 6% to top $ 2.15.


Crypto market November 9, 2021: Bitcoin recovers towards $ 69,000

 

Cryptocurrency Market November 9, 2021: Bitcoin Price

After breaking the USD 66,000 resistance, Bitcoin price extended its upward momentum. BTC broke the $ 67,500 and $ 68,000 resistance levels. The current price action suggests that there are many more upside opportunities. The next stop is near the $ 70,000 mark. Any further gains could push the pace towards $ 72,000.

On the flip side, initial support is near the $ 66,200 mark. The next major support is near the $ 66,000 mark, below which a test of $ 65,000 is possible.

 

Cryptocurrency Market November 9, 2021: Ethereum Price

Ethereum price also followed Bitcoin, breaking the $ 4,650 resistance. ETH even broke through USD 4,800 and hit a new all-time high. It is currently consolidating earnings with initial support near the $ 4,780 mark. The next major support is near $ 4,750, below which the price can test $ 4,700.

On the flip side, there is an immediate hurdle at $ 4,850. Any further uptrend could perhaps open the door to a test of the $ 5,000 key barrier.

 

Cryptocurrency market November 9, 2021: ADA, BNB, SOL, SHIB and XRP prices

Cardano (ADA) began another spike above the USD 2.05 resistance level. The price is up 6% and is trading above the $ 2.15 level. If the bulls stay active, a rally to $ 2.25 is possible.

The Binance coin (BNB) is consolidating near the $ 650 mark. If there is a closing price above $ 650 and $ 655, the price could start a new rally. In this case, the price can go up to $ 665 and $ 675.

Solana (SOL) is stuck near the $ 250 resistance. SOL needs to level off above $ 250 to start another rally. Conversely, there is a risk of a downward correction towards $ 232.

SHIB paid over $ 0.0000550. Immediate resistance is near the USD 0.000565 support. The next major resistance is near the $ 0.000058 level above which the price can test $ 0.000060.

The XRP price is showing positive signs above the $ 1.25 level. The immediate hurdle is near the $ 1,280 mark. A closing price above $ 1,280 could push the price toward $ 1.30. On the flip side, the bulls could stay active near the $ 1,250 mark.

 

Cryptocurrency Market November 9, 2021: Another Altcoin Market

Many altcoins are up more than 8%, including LRC, BAT, LTC, ZRX, KCS, VET, DASH, ETC, CRO, NEO, OKB, EOS, GRT, and BCH. Of these, LRC rose over 36% and broke the $ 2.10 level before correcting lower.

Overall, the Bitcoin price is rising above the $ 67,500 mark. It looks like BTC could steadily climb towards $ 70,000 in the near future.

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Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

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.

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