Bitcoin hits new #ATH and Shiba Inu Coin responds to Musk's tweets

Bitcoin hit a new all-time record (ATH) on Wednesday, while emerging from the turbulent period recently seen in the cryptocurrency markets. At the end of October 21, Bitcoin peaked at $ 66 and then declined to $ 727. The jump in prices came at the time of the loud launch ProShares BTC futures ETFwhich is another sign that traditional financial markets are looking to enter the cryptocurrency market.

In the meantime Ether it experienced a similar pace of growth during the week and was on the verge of hitting a record high, stopping at $ 4 on eToro on Thursday. ETH previously reached an ATH of $ 332 this year on May 4. The token dropped over the weekend but is still around the $ 340 value.

Shiba Inu breaks value records with Musk's photo with his puppy

Shiba Inu (SHIB) reached its new ATH on Sunday after Tesla boss Elon Musk tweeted. The token, which was launched by the anonymous creator "Ryoshi" in 2020, has increased to 43.3916 Shiba (in millions on the eToro platform), which is "a lot" of millions of Shiba Inu units. It was on an early Sunday trading morning when Elon Musk posted on Twitter a photo of your shiba inu puppy.

Tesla's boss further explained that it did not hold any SHIB token, which caused its price to drop. When asked if he was holding SHIB, Musk commented:

“Out of curiosity, I purchased a few coins called 'Bitcoin, Ethereum & Doge'. That's all. As I said before, don't bet everything on crypto! The real value is in the products and services that are produced and the provision of services to other people, not money in any form. "

As of this writing, the value of the token is approximately $ 38. Its value has increased since September, when approximately 4444 (million) were sold. His previous ATH was on May 7.0000 when it reached 10.

The second bitcoin ETF runs silently

The Valkryie Bitcoin Strategy ETF launched on Friday, however, it attracted less attention than the ProShares offer. Trading under the name BTF - the Valkyrie ETF like ProShares trades bitcoin futures and started trading at $ 25 per share. At the first session, the ETF sold about 3,1 million shares.

However, ETF stocks lost ground immediately as BTC plunged from record highs in the middle of the week. While less attention has been paid to the second BTC ETF launched during the week, it limits the growing movement of financial institutions offering tradable BTC instruments.

The big hustle and bustle around the EFT take-off has prompted other institutions such as Grayscale to consider transferring their confidence to ETF structures, while major financial institutions are still considering joining the crypto market with their own products.

Firefighters put bitcoin in a pension fund

The Houston Firefighters' Relief and Retirement Fund (HFRRF) has purchased bitcoin and ethereum worth approximately $ 25 million. Is it the first time a crypto asset was purchased by a US public pension fundas indicated in the fund's official statement.

Despite the split of investments between BTC and ETH, it has not been made clear how many were purchased individually. The fund invested in cryptocurrencies through the investment firm NYDIG. The fund's members are over 6 active and retired firefighters. These members contribute about 600 percent to the fund. their gross annual earnings, and the City of Houston pays double the amount.