Bitcoin price to go wild in anticipation of Taproot upgrade and spot ETF approval CRYPTOS | 11/12/2021 12:38:29 PM GMT Bitcoin price has recovered from a drop below $65,000 ahead of BTC's first upgrade in four years. As Bitcoin becomes more focused on privacy, holders expect the upgrade to fuel BTC's end-of-year rally. Two key events, the Taproot upgrade and the SEC's decision on the VanEck Bitcoin spot ETF, are lined up ahead of November 14. Analysts expect higher volatility in Bitcoin prices ahead of two key events. The approval of a Bitcoin spot ETF could be a watershed moment for the biggest cryptocurrency, while the Taproot upgrade is expected to provide a higher adoption rate for BTC. Bitcoin prepares for massive rally ahead of key upgrades Bitcoin price dropped by over $6,000 on November 11, as Cardano, Solana and Polkadot geared up for a comeback. Important updates in the Ethereum-killer's networks drove prices higher, and analysts expected a spike in volatility, which held down BTC price. The largest asset by market capitalization has now recovered from the drop and is trading above $65,000 at the time of writing.
Bitcoin price has recovered from a drop below $65,000 ahead of BTC's first upgrade in four years. As Bitcoin becomes more focused on privacy, holders expect the upgrade to fuel BTC's end-of-year rally. Two key events, the Taproot upgrade and the SEC's decision on the VanEck Bitcoin spot ETF, are lined up ahead of November 14. Analysts expect higher volatility in Bitcoin prices ahead of two key events. The approval of a Bitcoin spot ETF could be a watershed moment for the biggest cryptocurrency, while the Taproot upgrade is expected to provide a higher adoption rate for BTC. Bitcoin prepares for massive rally ahead of key upgrades Bitcoin price dropped by over $6,000 on November 11, as Cardano, Solana and Polkadot geared up for a comeback. Important updates in the Ethereum-killer's networks drove prices higher, and analysts expected a spike in volatility, which held down BTC price. The largest asset by market capitalization has now recovered from the drop and is trading above $65,000 at the time of writing.