Crypto Market Analysis: October 11, 2021

Crypto Market Analysis: October 11, 2021


Cryptoassets staged a significant rebound last week with Bitcoin closing back in on its all-time highs.

The world’s largest cryptoasset, bitcoin rose across the week. Having started trading below $48,000 it surged on Thursday to over $54,000 and has staged further gains in early trading today.

The cryptoasset is currently trading around $56,500 its highest level since May this year, and crucially is back within the range that saw it reach an all-time high of $63,569 on 14 April.

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Ether meanwhile has had a more mixed week with significant volatility, but is still well above its end-of-September levels.

ETH started last week trading around $3,350 and saw its price hit $3,665 on Friday.

Amid an overall trend of gains last week the cryptoasset has been

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