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Analyst who called bitcoin's rebound says ether could hit $10,000
Oct 21, 2021 | Yahoo Finance
Picture - Analyst who called bitcoin's rebound says ether could hit $10,000

Bitcoin exploded to a new all-time high Wednesday just one day after the first-ever bitcoin-linked exchange traded fund (ETF) started trading on the New York Stock Exchange. The ProShares Bitcoin Strategy ETF (BITO) saw more than $550 million dollars pour into the new futures-linked product in its debut trading day.

That enthusiasm, in part, helped push bitcoin's price (BTC) to a new all-time high north of $65,000 Wednesday morning. Now, one analyst at Fundstrat Global Advisors says that enthusiasm is likely to spill over into pushing the second-largest cryptocurrency by market cap, ethereum, well past its own prior record.

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