Bitcoin price joined the new high club with the S&P 500, Nasdaq and Dow Jones, after peaking at a new all-time high of $67,176 on Wednesday. The catalyst was the launch of the first U.S. Bitcoin futures ETF, which led to an explosion in buy-side orders. All the media attention around BTC, had a positive spillover effect on most other major cryptocurrency prices as well.
Shiba Inu coin struggles to maintain its position as the 15th largest cryptocurrency by market capitalization. Analysts expect the DOGE price to hit $0.48 before the end of 2021 in the current bull run. Proponents await the launch of Robinhood's DOGE wallets, so Dogecoin can be spent at 600,000 stores boosting its utility.
Ethereum price higher by as much as 13% this week. New all-time highs will set a clear road map for the $5,000 value area. Look for profit-taking to occur over the weekend if Ethereum becomes overextended. Ethereum price faced a substantial number of sellers as it near its all-time highs. A decisive breakout beyond the all-time high is likely to continue as buyers target the psychological $5,000 value area.
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