The Bitcoin & Cryptocurrency Investment Show podcast.
Hey friends, Crypto Willy here with your must-hear roundup from The Bitcoin & Cryptocurrency Investment Show. This past week has been nothing short of sensational for Bitcoin and the whole crypto crew, so let’s plug in and break it down!
The big headline? Bitcoin just smashed through the $126,000 mark for the first time ever! That’s right—on Monday, Bitcoin soared to an all-time high of $126,198. This surge reflects more than a 10% gain just this past week and a whopping 34% up since January. The reasons for this bull rally are a mix of historic October momentum—shout out to analyst Joel Kruger for pointing out October’s average 22% gains since 2013—and a steady march of institutional big dogs getting their hands in the market. There’s a strong push from blockchain financial services, too, making Bitcoin feel more like Wall Street’s new favorite tech stock than ever.
Ethereum isn’t content to watch from the sidelines either. The world’s number two crypto flexed above $4,700—up almost 13% this week and outpacing Bitcoin for the year with a 42% gain. Ethereum’s been riding that tokenization and real-world asset digitalization hype, and the result is a wave of excitement across DeFi and NFT ecosystems.
Zooming out, the entire digital asset market is showing confidence. According to data from CoinMarketCap and Blockchain News, BTC is floating 18% above its 200-day average, with technicals like the MACD indicator and a blazingly high Relative Strength Index at 72.8. That’s deep into overbought territory, which does mean we might see some cooling or sideways chop as traders take some profits. But resistance levels are lining up at $125,700, and a break above could trigger a run for the juicy $130k psychological milestone.
Globally, crypto investment products keep drawing fresh capital—BlackRock and co. just saw $931 million in weekly inflows, and US crypto activity is up 50% from last year, stamping America as a hotbed for blockchain action. Even traders in the leveraged pits are making headlines, as Coindesk says: those big bets could prop up this rally—or, if sentiment flips, bring some wild swings.
But not all the chatter is moonshots. Top analyst Mike Glover told the Economic Times he sees a longer-term correction on the horizon, with a possible retrace back towards $70k. Meanwhile, VanEck’s Matthew Sigel and the Changelly forecast both see strong seasonal strength but warn about potential mid-cycle resets and sideways trading after the hype fades.
Looking forward, the November charts are rosy, with historical trends backing the bulls. But as always in crypto, buckle up for the ride—volatility is part of the game, and nothing moves in a straight line.
That’s the crypto scoop for this week—thanks for tuning in to The Bitcoin & Cryptocurrency Investment Show! Come back next week for more BTC blockbusters, hot altcoin updates, and pro insights. This has been a Quiet Please production. For more from me and the team, check out Quiet Please Dot A I. May your wallets be secure and your ledgers immutable—catch you all next week!
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