Bitcoin News, Cryptocurrency News

Bitcoin & Ethereum Will Reach New ATH’s After Price Correction But What About Meme Coins?

Just earlier this week, Bitcoin (BTC) price reached a new high of $68,789 USD before investors opted to make a profit at home and drop the price on a daily basis. Bitcoin even traded at $71,447 USD on Indian CoinSwitch Kuber trading earlier on 11th November morning,

Although the most popular crypto assets have dropped by over 4% in the last 24 hours, their capital performance may not be over.

btc

BTC/USD 1 DAY PRICE CHART: SOURCE- Coinmarketcap.com

Ethereum (ETH), like Bitcoin, reached a record high of $4,859 USD, earlier on 10th November, however prices have since dipped. According to the EtherDesk cryptocurrency price tracker, Ethereum is presently trading at a price of around $4,470 USD for the day, which is over 1% down, for the day.

The meme coin battle, which was tense a few weeks ago, appears to have lost steam this week. Dogecoin and Shiba Inu both marked absorption in what had not yet been the finest dog coin weeks. DOGE is over 2% from its 24-hour low, trading at $ 0.262, while SHIB is up over 10% for the day.

ETH

ETH/USD 1 DAY PRICE CHART: SOURCE – Coinmarketcap.com

At the time of publication, the market tracker has its fair share of red and green, with Cardano, Ripple, and Litecoin prices climbing and Ripple and Polkadot prices falling.

While investor interest in the cryptocurrency as a whole is driven by a dismal summer, the institution’s larger interest is motivated by professional products tied to Bitcoin’s popularity. Meanwhile, rising tariffs (DeFi) and identifiable tokens (NFTs) are driving Ether’s growth.

The surge in popularity of Bitcoin also creates severe concerns for international states about the inclusion of assets as legal money. Although El Salvador is already reaping full BTC rewards, the Zimbabwean government looks to be considering Bitcoin as the country’s official payment mechanism and currency, the Zimbabwe Dollar.

The African country’s head of e-Government technology, Charles Wekwete, has indicated that negotiations for the Bitcoin payment process are ongoing with private company participants.

In other news, New York City Mayor Eric Adams believes it is time for schools to begin including cryptography as a subject in their curricula. Adams, a crypto enthusiast who enjoys broadening its scope, recently made waves when he stated that he would accept his first three Bitcoin payments.

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