Bitcoin price reached $65,121 on Monday –up nearly 20% in the last month– while Ether climbed to a $4,700 record on the previous day, signaling a solid market setup and the strong cryptocurrency momentum built in October. Q3 2021 hedge fund letters, conferences and more Bitcoin PriceWhile relatively steep and sudden, experts agree that bitcoin’s uptick does not seem to be leverage-driven, but it is rather the result of increasing demand on the spot market, where there is currently very little sell-side liquidity. “As Bitcoin exchange balance is at a 3 year low while long-term holder supply is …

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