Bitcoin Price and Ethereum Prediction – Break Above This Level Could Propel Uptrend to $22,500
During the Asian session, the Bitcoin price's bullish streak continues, and BTC has soared over 2% to $20,735. In contrast, Ethereum is on a tear, rising more than 5% in the last 24 hours to trade at $1,560.
Major cryptocurrencies were trading in the green early on October 27 as the global crypto market value gained, rising from $976 billion to $1 trillion.
A top US bank regulator has stated that the government wants to make it easier for banks and their clients to hold cryptocurrencies while maintaining control over the rapidly growing asset.
In an interview published on Monday by Reuters, Jelena McWilliams, chair of the Federal Deposit Insurance Corporation, said that a group of US bank regulators is working on a guide for financial institutions to use when dealing with cryptocurrency.
This is considered good news because it will help increase crypto adoption and demand in the long run. Let's take a look at the top winners and losers so far today.
Toncoin (TON), Dogecoin (DOGE), and Convex Finance were the top performers in the Asian session (CVX). Toncoin's price has increased by more than 15% to $1.90, while DOGE's price has increased by nearly 15% to $0.073.
At the same time, CVX has gained more than 8% in the last 24 hours to trade at $5.
Chain (XCN) has dropped more than 3% in the last 24 hours to $0.053. ApeCoin (APE) has fallen by more than 3% to around $4.7.
According to JPMorgan Chase's president, crypto "is kind of insignificant in the scheme of things." Defending the Federal Reserve's hawkish attitude, he commented on the state of the American economy, saying that if the Fed's policy "causes a little deeper recession for a period of time," then "that is the price we have to pay."
The head of JPMorgan warned that
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