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Crypto weekly wrap: Experts see Bitcoin at 19,600, Ethereum at 1,300 soon

After the release of the UK's inflation data showing inflation for September at 10.1 per cent, the crypto markets plunged

An advertisement for Bitcoin cryptocurrency is displayed on a street in Hong Kong on Feb. 17, 2022. Cryptocurrencies have experienced their worst plunge since 2018. (AP Photo/Kin Cheung, File)

Raghav Aggarwal New Delhi
With the re-entry of bulls in the cryptocurrency markets on Thursday, the price of the largest cryptocurrency in the world by market cap, Bitcoin, may soon touch $19,600.

"After a two-day losing streak, the price of Bitcoin rebounded at a key point of support on Thursday. It has hit a peak of $19,280 as the bulls rejected a breakout below the vital support at $18,900. As bulls have become active in the market, we might see Bitcoin touching $19,600 in the coming days," Edul Patel, CEO and co-founder of crypto investment platform Mudrex, said.

Ethereum, the second largest digital currency,

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First Published: Oct 21 2022 | 3:21 PM IST

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