Bitcoin Surpasses $14,400

"Bitcoin's last attempt to exceed the $14,000 threshold has ended in more lasting success. The reference crypto has risen by more than 3% over the last day and is currently trading at around $14,300, starting its ascent at $13,600. For their part, altcoins are following Bitcoin, with all the top 10 currencies posting moderate growth. Ethereum is leading the top 10 with a rise of more than 4% over the past 24 hours, driven by the news of ETH 2.0 and its supposed activation on December 1. The total capitalization of the crypto market has increased by $13B during the last day, reaching $411B. Exceeding the $400B threshold is of great psychological importance, and the current valuation of cryptos is the highest since April 2018.

The situation with the elections in the US is still not clear, however, it looks like investors have realized it is possible that there will not be strong turbulences, so the reaction to the elections could be much less rapid. Moreover, both candidates, one way or another, will end up approving a stimulus package, while all the other consequences for the economy will develop later. Therefore, now the crypto market has the opportunity to react to internal factors. The greed and fear index remains stable in the 'greed' area after adding a few points during the last day. Given the impressive growth of Bitcoin during the last 24 hours, the indicator could indicate there is room for further growth. A significant positive aspect for BTC will be the ability to close the first workweek of November above $14,000."