Crypto Prices Today: BTC Slumps With Pepe Coin, BLUR Rising

The crypto prices today were mixed in the early trading session on Tuesday, November 7, as seen by the price fluctuations in many of the major cryptos. However, the broader market has shown resilience despite a decline in the Bitcoin price, suggesting that the investors might be shifting their focus on the altcoins.

Timeline of Blur-token, Bitcoin, Pepe

The recent surge in the crypto market has been mostly backed by altcoins and speculative tokens, while the Bitcoin price consolidates around $35,000 levels. Bitcoin Loses Market Grip Indicators monitoring the lower half and 30 mid-tier tokens within MarketVector's index of the top 100 digital assets have surged by 16% and 14%, respectively, in the

Bitcoin has shown an exemplary resurgence recording 70% gains since the beginning of 2023 and moving to $35,000. MicroStrategy, the world's largest corporate holder of Bitcoin, has started minting big profits on its Bitcoin holdings, which stands at an average price of under $30,000.

Michael Saylor expects the impacts Of Bitcoin halving and spot ETFs, in which Bitcoin's supply to be cut in half after the halving, and with the introduction of spot ETFs, he predicts a doubling of demand.

Furthermore, ByteTree analysts have hinted at the emergence of preliminary indicators suggestive of a potential altcoin season. Consequently, they are increasingly favoring altcoins over BTC within their portfolio allocations.

BitMEX exchange co-founder Arthur Hayes has asserted that the ongoing economic competition between the United States and China benefits Bitcoin (BTC) as both countries vie for dominance in the global financial landscape.

Payment giant PayPal has become the latest firm to receive an operational license from the UK's Financial Conduct Authority (FCA) to offer virtual currency services after a lengthy application process.

Ledger Live is an app that allows ledger hardware wallet users to access and send their assets. A fake app named, “Ledger Live Web3” on the Microsoft Corp (NASDAQ: MSFT) App Store led users to assume that they were installing the actual Ledger Live interface for offline cryptocurrency storage.

Cathie Wood, the founder and CEO of Ark Investment Management, has an optimistic outlook on bitcoin's future and she recently shared her enthusiasm on Bloomberg's “Merryn Talks Money” podcast.

Crypto analyst Jason Pizzno says that Bitcoin (BTC) could be gearing up for an unexpected bull phase that carries on into next year. In a new strategy session, Pizzino takes a look at the average true range (ATR) indicator, which measures volatility within a given time period.

On-chain data shows Bitcoin has recently made a break that led to rallies of at least 99% during the last three times it happened. Bitcoin Has Now Crossed Above “Single Cycle HODLers” Cost Basis In a new post on X, analyst Ali has talked about a level that BTC has broken recently.