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Despite skepticism from traditional financial figures like Berkshire Hathaway’s Vice Chairman Charlie Munger, the cryptocurrency market is experiencing a notable rally. Bitcoin (BTC) maintains a strong dominance and bullish outlook, while Cosmos (ATOM) prices surge following interoperability advancements with Avalanche. 

Amidst these developments, VC Spectra (SPCT) is making waves in the presale market, indicating potential for market-leading performance. Let’s explore more on these best altcoins along with Bitcoin.

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Summary

• Analysts forecast a potential rise in Bitcoin to $50,000, driven by expectations of ETF approvals and a robust bull market.
• Avalanche will connect to Cosmos (ATOM) via the IBC protocol for enhanced interoperability.
• VC Spectra (SPCT) prioritizes sustainable, transparent, and socially responsible investments.

Berkshire Hathaway’s Vice Chairman Criticized Bitcoin (BTC)

On November 5, Charlie Munger, Berkshire Hathaway’s vice chairman, criticized Bitcoin and other top altcoins as disruptive to the financial system. He advocates for a solid currency’s role in societal advancement and suggests cryptocurrencies undermine this. Munger proposes that average investors focus on index funds over individual stock selection.

However, Bitcoin dominance was over 50% on November 5. It was trading at around $35,000 and increased by over 25% in the past 30 days. Bitcoin is holding good support at $34,000. Traders are optimistic about BTC price prediction and eyeing key price levels for continued upward momentum.

Crypto experts on BTC price prediction say the 200-period EMA is essential support. Analysts also predict Bitcoin could hit $50,000, spurred by ETF approval hopes and a strong bull market. Speculation of a Bitcoin Spot ETF and stable monetary policies contribute to the optimistic BTC price prediction. If BTC moves above $40,000, it will target for $50,000.

Cosmos (ATOM) Welcomes Ava
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Author: Crypto Daily

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