With Bitcoin inching closer to the $62K mark after a tumultuous first week of October, meme coins are rising again. Amid the rising geopolitical tensions, the historical October rally of crypto is at risk. Under such conditions, here are the top three meme coins, ready to bounce back with a breakout rally.

This month, the Bitcoin market opened with a long bearish candlestick. Currently, the market is struggling to break above the opening price of October 1. A recent analysis report published by CryptoQuant indicates that Bitcoin may face short-term corrections.

Market analyst Tom Lee foresees turbulent times ahead for investors, largely due to growing geopolitical tensions and upcoming elections. Despite the uncertainty, Lee anticipates that should the ETF be approved, Bitcoin could skyrocket to $150,000, potentially even reaching $180,000.

With Bitcoin price facing a stiff resistance around $62.2K, the chances of a quick reversal are high. This move would further extend the ongoing seven-month consolidation.

A Bitcoin whale holding over $72.5 million Bitcoin from 2009 has sent a total of $3.58 million BTC to Kraken with their most recent movements yesterday, according to Arkham Intelligence.

Bitcoin's recent price swings are gradually raising bearish sentiment around its price trajectory among crypto enthusiasts and investors. However, considering positive developments around Coinbase Premium, the crypto asset could be gearing up for a potential leg up in the short term, triggering hope within the community.

The largest cryptocurrency has been moving in such a way that gives the idea of an upcoming “cup and handle” pattern. After falling to $60,000 from a height of $66,000, bitcoin retested this support level twice before actually starting to rise. Currently trading at $62,071 is up by 1.

Global investment bank JPMorgan has released insights indicating that the rising prices of gold and Bitcoin are significantly influenced by what they term the “debasement trade.” This phenomenon reflects the growing perception among investors that these assets serve as safe havens amidst increasing economic uncertainties, inflation fears, and a diminishing trust in traditional fiat currencies.

Bitcoin's price has shown just how unpredictable it can be, with recent ups and downs keeping investors on edge. After jumping from $53,500 to $66,000 in late September, the cryptocurrency quickly dropped to $61,000 in early October.

The International Monetary Fund (IMF) has suggested that El Salvador reduce government support for Bitcoin. This is a far more conciliatory attitude than previous attempts to repeal the nation's Bitcoin law.

Despite Bitcoin's shaky start to October, APT, POPCAT, and SUI led the weekly gainers list.

Bitcoin finds itself at a critical juncture after weeks of intense volatility, marked by excitement and fear. Currently trading around $59,400, BTC is testing vital demand levels following a 10% dip from local highs of approximately $66,000.

While Bitcoin's price has faced challenges amid fluctuating ETF flows, the underlying institutional interest remains strong. Major institutions like BlackRock and Fidelity are entering the ETF market, which could further influence Bitcoin's price trajectory. Eric Balchunus, Senior ETF Analyst at Bloomberg Intelligence, joined David Lin for a discussion about ETFs and BTC.

Bitcoin (BTC) may not have reached its cycle top yet, according to recent analysis of the Market Value to Realized Value (MVRV) Ratio. This on-chain metric suggests that Bitcoin still has room for further growth before hitting a major price correction.

Analyst Benjamin Cowen is leaning bearish on Bitcoin (BTC) amid a single-digit correction by the flagship crypto asset over the past week.

There are huge differences between the various countries, with Asia and Africa leading, and Europe last.

After a gigantic downfall following the global tensions and speculations of war, the crypto space is trying hard to validate a recovery. The Bitcoin price dropped to $60,000, but after a brief consolidation, the token quickly regained levels above $61,000. This displayed the growing strength of the bulls.

The Bitcoin market is grappling with mixed predictions, fueled by both technical analysis and external factors like geopolitics. Political turmoil has hurt Bitcoin before.

The International Monetary Fund (IMF) has reiterated its call for the country to reform its Bitcoin policies. During a press conference on October 3, 2024, Julie Kozack, director of the IMF's communications department, emphasized the need for a robust regulatory framework that addresses the risks associated with cryptocurrency use.

Bitcoin has recently bounced from a key support area, signaling a potential short-term recovery. Analysts note that this rebound coincides with oversold signals in the market, indicating a possible shift in momentum. According to analyst Josh of Crypto World, Bitcoin continues to form lower highs and lower lows, a characteristic of a larger bearish trend.

CryptoQuant CEO Ki Young Ju recently pointed out an interesting change in the way people are thinking about Bitcoin.

Cryptocurrency News Today: The crypto space has risen positively over the previous day, the upward momentum has resulted in a 1.64% increase in market cap to $2.16 Trillion. While the intraday trading volume saw an 18.35% drop with numbers at $66.

The Bitcoin price action in the past two weeks has reiterated its volatile nature despite the steady flow of institutional money. The cryptocurrency surged in the last days of September from $53,500 to a high of $66,000, only to pull back to $61,000 in the first few days of October, showing its unpredictable nature.

On October 4, Bitcoin spot ETFs recorded a net inflow of $25.59 million, showing growing investor confidence.

Quinn Thompson, chief investment officer at Lekker Capital, has identified the recent 6% dip in Bitcoin's price since September 30 as a prime moment for investors to increase their holdings. In a post on X on October 3, Thompson declared that purchasing Bitcoin (BTC) at its current price range of around $61,000 is a “no-brainer.

Spot Bitcoin ETFs now hold over 911,000 BTC, representing 5% of Bitcoin's total supply.

A CryptoQuant analyst known as “caueconomy” recently published a post indicating that Bitcoin (BTC) may have reached a local bottom. The analyst points to a significant liquidation event as a key sign that a short-term recovery could be on the horizon.

Bitcoin fear signals buying opportunity as metrics indicate potential for higher gains.

The mysterious Bitcoin whale has now sent $3.58 million worth of Bitcoin to Kraken's crypto exchange, Arkham Intelligence said.

The crypto prices today have sparked investor enthusiasm once again, showcasing a notable upward movement. Bitcoin (BTC) price touched the $62K mark today, whereas top altcoins mimicked with a pumping trajectory.

An ancient Bitcoin whale transferred $3.6 million worth of BTC to Kraken, coinciding with the upcoming HBO documentary revealing the identity of Bitcoin's creator.

Bitcoin (BTC) has maintained its position above the critical $60,000 support level, even as many altcoins face significant downward pressure. Bitcoin's resurgence has propelled its market dominance to levels not seen in nearly three years, highlighting a clear divide in performance between Bitcoin and the broader cryptocurrency market.

It's just a few days of October and so many noobs are panicking and selling! Ever since the price dropped below the crucial support at $63,200, the markets have dropped heavily as most of the tokens have lost more than 15% to 20% in the past couple of days.

Bitcoin has yet to rally in October, with many bullish proponents awaiting the resumption of an uptrend. Among those closely monitoring the price action in anticipation of an uptrend is a well-known analyst on the social media platform X.

Bitcoin remains a focal point for both investors and enthusiasts. While many people see Bitcoin simply as a collection of charts and numbers, it represents much more.

A golden cross in the Coinbase Premium Index suggests a short-term Bitcoin price increase, with US demand on the rise.

A researcher from 21shares has offered an analysis of how bitcoin's price could respond to the U.S. jobs report. The analyst indicates that BTC prices could increase if the Federal Reserve reduces interest rates. These rate cuts, which are likely tied to labor market trends, could lower borrowing costs, potentially boosting the cryptocurrency market.

Ahead of the much-anticipated documentary release on October 8, which promises to reveal the identity of Bitcoin creator Satoshi Nakamoto, a 2009 Bitcoin whale has moved $3.6 million worth of BTC. This movement has generated significant interest, especially as it coincides with the forthcoming documentary, which has ignited curiosity about Nakamoto's identity.

A CryptoQuant analyst using the pseudonym “tugbachain” has recently shed light on a key trend within the Bitcoin market. Posting on the CryptoQuant QuickTake platform, the analyst focused on the Market Value to Realized Value (MVRV) ratio, an important metric in the Bitcoin market.

The flagship cryptocurrency Bitcoin is seeing new whales ‘fiercely' add BTC to their holdings amid an accumulation trend that the market “has never seen,” as whales that have entered the market during the latest bull run keep looking for profit.

Standard Chartered has cautioned that bitcoin could drop below $60,000 due to rising geopolitical tensions in the Middle East. While the bank sees this as a buying opportunity, it also highlights the unique relationship between BTC's price and the U.S. presidential race.

Follow the lead of Bitcoin Ekasi's Hermann Vivier and Motiv's Rich Swisher.

Options contracts give traders the right, but not the obligation, to buy or sell an asset at a predetermined price before a specific date. In this case, Bitcoin options provide traders with opportunities to hedge positions or speculate on future price movements.

Igor Runets, owner and CEO of Bitriver, commented on the growth potential of the Russian bitcoin mining industry following the approval of the mining law in the country. Runets stated that, due to the several advantages provided by the law, the Russian bitcoin mining industry could reach parity with the U.S.

The cryptocurrency market is currently navigating a turbulent landscape, marked by significant declines and unexpected price movements. Ethereum (ETH), Bitcoin (BTC), and XRP are at the forefront of this ongoing saga, each facing unique challenges and market dynamics that have left traders and investors on edge.

Infrastructure-based bitcoin mining company TeraWulf just sold off its 25% equity interest in the Nautilus facility for $92 million.

Federal Reserve initiates its easing cycle, a prominent voice in the cryptocurrency sector, Jack Mallers, has issued a stark warning to investors: the U.S. dollar is on a path to devaluation, making Bitcoin (BTC) a more attractive alternative for those looking to safeguard their savings.