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Cryptocurrencies such as bitcoin, dogecoin, Shiba Inu, and others have seen significant growth today

In today's trading, cryptocurrency values were higher, with Bitcoin holding around the $65,000 level. According to market capitalization, the most popular and largest cryptocurrency, Bitcoin, surged by over 1.5 percent to $65,855 dollars. To date this year, Bitcoin has gained over 127 percent year-to-date (YTD), having recently reached a fresh high of more over $69,000. In recent months, Bitcoin's voyage has been bumpy, with the most popular digital token falling below $30,000 in June as a result of criticism of its energy use and the Chinese government's assault on cryptocurrencies. The crypto sector began to revive in part as a result of China's broadsides, which prompted it to react.

In the aftermath of rising through the $69K mark and reaching a new all-time high, Bitcoin is holding strong around the $65000 level." BTC has broken out of the Flag pattern and appears to be on the verge of a new bull run. Bitcoin is on track to surpass the six-figure milestone in the fourth quarter. "Immediate support is projected to be in the range of $58,000," said Siddharth Menon, chief operating officer of cryptocurrency exchange WazirX. Ether, the second most valuable cryptocurrency, increased by more than 1 percent to $4,706.

For the past few weeks, the cryptocurrency ether has been hovering around an all-time high, catching up with bitcoin's ascent and riding the wave of news about broader blockchain adoption.

Ethereum appears to be holding its own versus Bitcoin, as evidenced by the current advance beyond its previous resistance level of $0.071. The daily trend indicates that a descending channel breakout has occurred. The immediate support and resistance levels are expected to be around 0.070 and 0.079, respectively, according to the forecast. It's interesting to note that Ethereum address activity surged by approximately 50% on October 21 as a result of higher demand," Menon explained.

The price of Dogecoin increased by a small margin to $0.26, while the price of Shiba Inu increased by a little margin to $0.000052. Another cryptocurrency, Poloniex, was trading with modest increases over the last 24 hours, as were other cryptocurrencies such as Litecoin, XRP, Poloniex Uniswap, Stellar, Cardano, and Solana.

 

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