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Bitcoin Grows After Bank of America Statement

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Bitcoin has picked up again after falling in September due to regulatory concerns in the US and China. After the statement of Bank of America that the cryptocurrency market is “too big to ignore”, the rate of the main cryptocurrency in the world increased to 51.5 thousand dollars. Bitcoin is currently up nearly 17% in October and 76.5% YTD.

Teddy Vallee, chief investment officer at Pervalle Global Capital, said he expects momentum to continue throughout the quarter if not hampered by a large equity correction.

Long-term shareholders currently account for over 80.5% of the total, which has historically resulted in significant gains over the next six months / Unless there is a major equity correction, we expect prices to rise by the end of the year. Rising demand should remain strong as institutional adoption continues to accelerate, creating favorable supply / demand dynamics.

Teddy Valle

Growth began last week after Federal Reserve Chairman Jerome Powell said at a House Financial Services Committee hearing that he had “no intention of banning” cryptocurrencies in the United States, as China has repeatedly done.

It is also noted that there is a growing interest in cryptocurrencies on Wall Street, despite restrictions on mining and investigations against the largest cryptocurrency exchanges from China.

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Phones

Four iQOO smartphones will receive Android 12 in December

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The iQOO brand has revealed Android 12 release dates for a number of its models. True, we are not yet talking about the final version of Android 12 – it will have to wait longer.

IQOO 7, iQOO 7 Legend, iQOO Z3 and iQOO Z5 users will receive the Android 12 beta at the end of the year – at the end of December. And at the end of March 2022, the beta version of Android 12 will be released for iQOO 3.

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Phones

Another foldable smartphone comes out in November – with 120Hz OLED screen, Snapdragon 888 and 50MP camera

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Details about the Oppo smartphone with a flexible screen appeared on the web. According to the source, the device will be released in November and will be built on a single-chip Qualcomm Snapdragon 888 platform.

The smartphone does not have a name, but the key characteristics are listed. So, the device is assigned an OLED screen with a diagonal of 8 inches with a frame rate of 120 Hz, a 32-megapixel front camera and a multi-module main camera with a main sensor with a resolution of 50 megapixels, a 4500 mAh battery with support for 65 W fast charging. The operating system is expected to be Android 11 with ColorOS 12 interface. There is no price, but it will probably be more affordable than the Samsung Galaxy Z Fold3.

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Not a trace remained of $ 66,000. Bitcoin fell, followed by Ethereum

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The week began for the main cryptocurrencies of the world with a rise in price and the establishment of new price highs, and ends with a fall, and quite noticeable. Over the course of a day, Bitcoin loses about 4.5% of its value, and as a result, for 1 BTC now they give not $ 66,000, but about $ 60,500.

After Bitcoin began to fall, Ethereum was still holding, but its rate had already gone down too, dropping below the psychological mark of $ 4,000. Analysts believe that such a fall in cryptocurrencies is due to their sell-off on the part of investors – they are fixing profits against the backdrop of a strong growth in value that has been observed since the end of September. This means that after the current correction, Bitcoin may rush to new heights, but whether altcoins will follow it is a big question.

Not a trace remained of $ 66,000.  Bitcoin fell, followed by Ethereum

Interestingly, against the background of a decrease in quotations of other cryptocurrencies from the Top 10, Solana feels very confident: it grew by almost 6% per day, and by almost 25% in a week.

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