Following the acceptance and implementation of the first crypto asset price futures-backed ETF, cryptocurrencies had an unforgettable week.

The cryptocurrency market culminated a historic week, in which the two crypto assets with the highest market capitalization reached new all-time highs, after the Bitcoin futures ETF got into effect on October 19, finally being able to trade on the New York Stock Exchange. This event has triggered the value of Bitcoin to a new maximum reaching $ 67,000. For its part, Ethereum reached $ 4,375, also making it a historic value for the largest smart contract network in the blockchain world.

As if that was not enough, the cryptocurrency Shiba Inu, which emerged as a “meme currency”, like Dogecoin, re-emerged to reach historical highs, increasing its value about 40% in the last 7 days, even after having grown more than 200% in the past few days. According to CNN Business, the controversial token has increased in value by more than 45 million percent in the last year, with Elon Musk as one of its main enthusiasts. The impact that this cryptocurrency has had, which seemed to be simply a parody, is so great that a request has been generated on the Change.org platform for the Robinhood trading platform to implement the token’s listing. It should be noted that this petition currently has more than 300,000 signatures.

To conclude with good news, the cryptocurrency exchange Bakkt has partnered with Mastercard, in order to offer credit and debit cards with the implementation of cryptocurrencies, making it easier for users to buy crypto assets. As a result, companies and banks will be able to issue their own branded credit and debit cards. It is worth mentioning that these products will not only allow the user to purchase crypto assets, but users will also be able to obtain attractive rewards in BTC. Bitcoin is currently near $ 63,000 after a pullback to a fairly important support zone near $60,000 after the generation of the all-time high. While the pullback seems to confirm a bullish continuation, a head and shoulders formation could also be observed, so it is vital to wait for a specific breach. Very good things are coming for the crypto asset market, which every day seems to revolutionize the world of investments. Without further ado, we wish you an amazing week.