On Wednesday, October 16, quotes of the first cryptocurrency exceeded $68,000. The growth per day was 4%, according to CoinGecko.
At the time of writing, Bitcoin is trading at $68,200 for the first time since July.
All digital assets from the top 10 by capitalization moved into the “green zone” following Bitcoin. Dogecoin (+15.2%) and Solana (+10.5%) gained the most during the day.
The total capitalization of the digital asset market is $2.45 trillion. Bitcoin dominance index – 59%.
According to Coinglassthe total volume of liquidated positions during the day amounted to more than $297 million. Of this, $162.6 million were longs, and $134.7 were shorts.
The fear and greed index rose to 73, indicating a high level of greed.
On Saturday, October 12, quotes of the first cryptocurrency tested the level of $63,000. On October 14, digital gold exceeded $66,000, and the next day it approached $68,000.
Bernstein linked the Bitcoin rally with an increase in the chances of Donald Trump winning the upcoming US presidential election. JPMorgan agrees with this assessment.
Previously, experts named other conditions for the growth of digital gold above $80,000 by the end of the year. In addition to Trump’s victory, among them is a rate cut Fed by 50 b. with new incentives from the PRC and the absence of serious surprises in the industry.
In October, BlackRock CEO Larry Fink expressed confidence in the growth of the price of the first cryptocurrency.
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Source: Cryptocurrency
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