https://www.cryptopolitan.com/bitcoin-blasts-to-55k/ [70771924] * About * Advertise * Contact Cryptopolitan * Home * News + Bitcoin + Binance + Ripple + Ethereum + Cardano + Dogecoin + DeFi + NFT + ETFs * Price Predictions Bitcoin Ethereum Cardano XRP Dogecoin Polkadot Bitcoin Cash Litecoin Chainlink Stellar Ethereum Classic VeChain Tron EOS Monero CRO Algoraland IOTA Zcash Holochain Zilliqa Bitcoin Gold ZRX Digibyte Dent KIN * Learn + Crypto 101 + Crypto Wallets + Crypo Investing + Crypto Mining * Regulation * Research * Scams * Technology + Blockchain Gaming + Metaverse [ ] No Result View All Result [ ] Cryptopolitan * Home * News + Bitcoin + Binance + Ripple + Ethereum + Cardano + Dogecoin + DeFi + NFT + ETFs * Price Predictions Bitcoin Ethereum Cardano XRP Dogecoin Polkadot Bitcoin Cash Litecoin Chainlink Stellar Ethereum Classic VeChain Tron EOS Monero CRO Algoraland IOTA Zcash Holochain Zilliqa Bitcoin Gold ZRX Digibyte Dent KIN * Learn + Crypto 101 + Crypto Wallets + Crypo Investing + Crypto Mining * Regulation * Research * Scams * Technology + Blockchain Gaming + Metaverse [ ] No Result View All Result Cryptopolitan [ ] No Result View All Result Home News Bitcoin News Bitcoin blasts to $55k, a whale grabs $1.6B worth BTC Anisha Pandey by Anisha Pandey Oct 06, 2021 at 04:23 pm Reading Time: 3 mins read Bitcoin 585 SHARES 3.3k VIEWS Share on FacebookShare on Twitter TL;DR * Bitcoin explodes and touched the $55,000 zone * A BTC whale buys $1.6 worth of BTC through buying orders within five minutes Bitcoin (BTC), after touching yesterday's high of $51,800 for the first time in a month, has not stopped climbing up and recently saw a sudden surge in the price and touched the $55,000 mark. Although $56,000 is a crucial resistance level for BTC, anything could be possible as per its mood. BTC is just $15 billion away from attaining $1 trillion market cap as it had earlier this year. RelatedPosts Bitcoin Price Analysis: BTC attempts to retest $50,000 as support, further downside rejected Bitcoin, Ethereum, DOGE, SHIB, explode to $2.22T market cap, $110B market volume early Wednesday Bitcoin miners have started accumulating again Link Global BTC mining company facing heavy $5.6 million penalty We are less than $15 billion away from Bitcoin crossing the $1 trillion market cap milestone again. -- Pomp (@APompliano) October 6, 2021 The attitude of BTC clearly indicates the arrival of the bulls as the month starts, and the coin king is targeting a $56,000 zone and a trillion-dollar market cap. Bitcoin blasts to $55k, a whale grabs $1.6B worth BTC 1Source: TradingView The $55,000 level is touched after May 12, bringing a satisfactory smile on bulls after such a hustle and hard work. Bitcoin recovers from China's crackdown China is never cool with the crypto market and Bitcoin and always tries to overpower it. However, in return, it has always seen defeat. We can see an aggressive bull after the Chinese crypto crackdown, just as it happened in 2017. According to a recent analysis by Glassnode, miners have started accumulating BTC, resulting in less selling pressure, which gave a bullish momentum to the market. The coin recorded today's high at $55,555 by beating the previous line of $ 53,000 drawn by bulls on September 5. On September 6, the market collapsed and saw a reversal, bringing the price back to $42,000-$46,000 zone. The futures market fluctuates heavily due to massive volatility, but the experts say that the next target of $57,000 is not so far. It is a true saying that there is any target possible once the bulls arrive. The sudden breakout of Bitcoin has overtaken the Bitcoin futures of CME Group, which was trading at $400, above the spot price. These situations completely indicate that BTC has fully recovered from China's attack on miners and recent crackdown. Whale buys $1.6B worth $BTC within 5 minutes According to a very recent analysis by Ki Young Ju, a market analyst, a whale has bought $1.6 billion worth BTC via market orders in just five minutes. The amount of interest institutional investors, as well as huge individual whales, are showing, the new All-Time High (ATH) is not so far. As per the analysis and speculations by the experts, November can take BTC to its new ATH creating new histories. Anisha Pandey Anisha Pandey A professional content creator, Anisha has ghostwritten ebooks on blockchain technology and cryptocurrencies. Consistently sharpening her writing skills, she believes in achieving results by working diligently and smartly. Related Posts Bitcoin Price analysis 2021-10-06 Bitcoin News Bitcoin Price Analysis: BTC attempts to retest $50,000 as support, further downside rejected Oct 06, 2021 12:59 pm bitcoin Industry News Bitcoin, Ethereum, DOGE, SHIB, explode to $2.22T market cap, $110B market volume early Wednesday Oct 06, 2021 10:18 am Bitcoin miners have started accumulating again Bitcoin News Bitcoin miners have started accumulating again Oct 06, 2021 09:53 am BTC mining firm Regulation News Link Global BTC mining company facing heavy $5.6 million penalty Oct 06, 2021 09:06 am BTC Bitcoin News BTC: Nicklaus Children's Hospital foundation to accept Bitcoin donations Oct 06, 2021 12:08 am Bitcoin Bitcoin News Bitcoin breaches $50k for first time since September 7, $55k soon Oct 05, 2021 06:01 pm FOLLOW US * 51.2k Fans * 8.3k Followers Get new posts by email: [ ] Subscribe * Trending * Comments * Latest Dogecoin Elon Musk Dogecoin to go blank after hitting $1 - Mark Cuban May 6, 2021 cardano price prediction Cardano Price Prediction 2021, 2023, 2025 September 28, 2021 dent token prediction Dent Token Prediction for 2021 - 2025 and beyond September 28, 2021 xrp price predictions XRP Price Prediction 2021, 2023, 2025, 2030 September 16, 2021 New Microsoft Bitcoin mining system set to transform BTC mining New Microsoft Bitcoin mining system set to transform BTC mining The shrinking XRP community saga The shrinking XRP community saga How the death of Kim Jong Un and Bitcoin selloff is connected How the death of Kim Jong Un and Bitcoin selloff is connected Bitcoin price and stock market correlation is astonishing Bitcoin price and stock market correlation is astonishing Bitcoin Bitcoin blasts to $55k, a whale grabs $1.6B worth BTC October 6, 2021 NFT market surpasses $10 billion in secondary sales NFT market surpasses $10 billion in secondary sales October 6, 2021 icp price ICP Price Prediction 2021-2028 October 6, 2021 Shiba Inu price analysis 2021-10-06 Shiba Inu Price Analysis: SHIB swiftly moves to $0.000024, will the rally continue? 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