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news-imageOctober 29, 2024

Bitcoin hits $73.6K as fundamentals suggest new all-time highs are programmed

Bitcoin price rallies within $200 of a new all-time high as several fundamentals point to the crypto bull marking picking up pace.
Publisher: Cointelegraph
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageThe Currency Analytics
October 29, 2024

Bitcoin ETFs Surge to $21 Billion, Challenging Gold's Market Dominance

Bitcoin exchange-traded funds (ETFs) have drawn a remarkable $21 billion since the start of the year, overshadowing gold's traditional role as a safe-haven asset. According to Eric Balchunas, a senior ETF analyst at Bloomberg, this influx of capital into Bitcoin ETFs has begun to reshape the market dynamics between cryptocurrencies and precious metals.

Positive
cover-imageNewsBTC
October 29, 2024

Record-Breaking Day: Spot Bitcoin ETF Trading Exceeds $3 Billion As BTC Eyes Record Peak

As Bitcoin (BTC), the largest cryptocurrency by market capitalization, inches closer to its all-time high of $73,700 reached in March, the US spot Bitcoin ETF market has re-emerged as a key driver of the cryptocurrency's recent price surge. On Tuesday, total trading volume for spot Bitcoin ETFs surpassed $3 billion, coinciding with Bitcoin's price briefly above the pivotal $73,000 mark for the first time in over 7 months.

Positive
cover-imageBenzinga
October 29, 2024

Bitcoin Flirts With All-Time High, Ethereum, Dogecoin Surge: 'Stay Tuned,' Says Trader Who Sees 'Only One Untagged High Left'

Cryptocurrency markets are surging on Tuesday amid Donald Trump's rising election odds, positive broader economic factors and subsiding geopolitical tensions. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $72,870.84 +4.4% Ethereum (CRYPTO: ETH) $2,662.43 +5.8% Solana (CRYPTO: SOL) $179.25 +1.3% Dogecoin (CRYPTO: DOGE) $0.1731 +10.4% Shiba Inu (CRYPTO: SHIB) $0.00001902 +6.8% Notable Statistics: IntoTheBlock data shows large transaction volume increased by 112.3% and daily active addresses grew by 18.2%.

Negative
cover-imageBenzinga
October 29, 2024

Remember The 'Passports For Bitcoin' Initiative In El Salvador? It's Not Going So Well

A new inquiry into public records has unveiled shortcomings in El Salvador's "Freedom Passport" initiative, a program launched in December 2023 to attract high-net-worth Bitcoin (CRYPTO: BTC) investors by offering residency visas in exchange for significant investments. What Happened: According to Diario El Mundo, the General Directorate of Migration and Immigration (DGME) has yet to issue any Freedom Passports, despite government goals of attracting 1,000 participants annually.

Positive
cover-imageBitcoin
October 29, 2024

Inside the Royal Government of Bhutan's Bold $66M Bitcoin Transfer — Strategic or Something More?

This morning, the Royal Government of Bhutan shifted $66.55 million worth of bitcoin (BTC) to Binance, according to onchain data. $66M in Bitcoin on the Move – Bhutan's Government's Crypto Strategy Unfolds The BTC transfer, initiated from Bhutan's government-linked crypto wallets, comes as the world's most popular cryptocurrency approaches its peak valuation.

Positive
cover-imageCryptoSlate
October 29, 2024

Bitcoin could hit $200,000 without dollar collapse – Bitwise CIO

Bitcoin's (BTC) price could surge to $200,000 without the need for a collapse of the US dollar, according to Bitwise CIO Matt Hougan. In his latest investor memo, Hougain suggested that Bitcoin's value rests on two independent forces: its role as a digital store of value and inflationary pressures on fiat currencies.

Positive
cover-imageCointribune
October 29, 2024

Is Bitcoin On Its Way To An ATH?

As Bitcoin approaches $73,000, enthusiasts and traders closely monitor this dizzying rise. After a consolidation period, the acceleration toward new highs seems imminent.

Positive
cover-imageThe Daily Hodl
October 29, 2024

Bitcoin Flies Past $72,000, Triggering $265,270,000 in Liquidations As Top Traders Declare BTC Bull Market Back

Bitcoin (BTC) has soared past the $72,000 mark, nearing all-time highs once again with over a quarter of a billion dollars in liquidations taking place in the process. According to crypto exchange data aggregator Coinglass, in the last 24 hours, $265,270,000 worth of positions have been liquidated, the vast majority being short positions on BTC.

Positive
cover-imageBitcoin
October 29, 2024

Bitcoin Surpasses $72K Amid Surge in Global Trade Volume

On Tuesday, bitcoin cracked past the $72K mark, inching closer to its all-time high in U.S. dollar terms. Bitcoin Price Rally Nears Peak, Traders See Liquidations in Millions Hitting an intraday high of $72,827, bitcoin surged 5.5% over the past 24 hours. As of 12:15 p.m. EDT, BTC is holding steady around $72,524 per coin.

Positive
cover-imageCryptonews
October 29, 2024

Bitcoin (BTC) Price Explodes Above $72,000 as Bullish Bets Build – New All-Time Highs Imminent?

The Bitcoin price has crossed $72,000, driven by a bullish market and positive US election sentiment. With increasing leveraged long positions and strong Q4 demand, Bitcoin's recent surge is backed by rising institutional interest in ETFs and expectations for favorable crypto regulations. The post Bitcoin (BTC) Price Explodes Above $72,000 as Bullish Bets Build – New All-Time Highs Imminent? appeared first on Cryptonews.

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