⚡️ #Bitcoin has reached $71,000

In yesterday's trading session, spot #BTC-#ETFs attracted $479 million, with #BlackRock accounting for $315 million of that.

📈 Bitcoin is now only a few percentage points away from reaching a new #ATH. For comparison, other top-100 coins are still far from their all-time highs:

- XRP: 550%
- DOGE: 345%
- ETH: 86%
- TON: 63%
- SOL: 43%
- TRX: 41%

🧭 The Fear and Greed Index remains in the 72 zone — the greed zone.

#CryptoNews

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#Analysis #BTC

🪙 #Bitcoin broke the psychological level of $70,000, reaching a price of $71,587

📌 Consolidation with a breach at the $70,885 level

Trade:

📈 Opening LONG positions in the retest zone at $70,885

Take Profit - $71,600
Stop Loss (SL) - $70,820

not financial advice

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🕯 Funds are investing in #Bitcoin, while #Tether prints money

While #BTC was climbing towards its price peaks in an attempt to break through the #ATH, and all BTC holders were in profit, according to #IntoTheBlock, two more events added fuel to the market:

🔼 Spot #ETFs on digital gold brought in $870 million in yesterday's session, marking the third-largest inflow since the instrument's launch.

🪙 The issuer of #USDT released another 1 billion coins on the #TRON blockchain.

Meanwhile, Bitcoin dominance has reached 60%, and experts anticipate an upcoming market shift toward altcoins. However, this is likely only after a new potential BTC growth trigger, driven by a key interest rate cut in the U.S., expected as soon as November 7, with a 98% market expectation.

#CryptoNews

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🧭 The Fear and Greed Index has reached a value of 77 — extreme greed

This may indicate an overheated market and an increased likelihood of a correction. Additionally, according to the #DCA investment strategy, selling some assets during periods of market greed can help reduce the risk of losses, which may put some pressure on #BTC.

🪙 Meanwhile, analysts attribute yesterday’s growth not only to record inflows into #ETFs over the past six months but also to a short squeeze. Liquidations of shorts on #Bitcoin alone amounted to $115 million.

Which direction are we headed?

😢 — Correction
😎 — Break #ATH

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#CryptoNews

#Opinion

🪙 Analysts from #10XResearch predict $100,000 for #Bitcoin by January 2025

The company’s experts are confident that current market trends and upcoming events, such as the U.S. elections and a potential key rate cut, could lead #BTC to a sharp rise to the psychological mark of $100,000.

🕯 According to 10XResearch, based on the last 15 signals, the accuracy of their forecasting models is 86.7%. Meanwhile, Bitcoin is under pressure from whales who are taking profits near the #ATH, anticipating possible price fluctuations.

Waiting for January? 🚀

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📆 Today marks the 16th anniversary of the #Bitcoin White Paper. On this day, Satoshi Nakamoto introduced the legendary document that laid out the concept of decentralized digital currency, sparking a revolution in electronic payments and becoming the foundation for blockchain and cryptocurrency as a whole.

He also managed to unsettle traditional financial institutions—first with new technology, and now with #FOMO. It’s likely that Satoshi had long-term plans for #Bitcoin, and it seems no coincidence he chose October 31 for the publication 😄

#QuoteOfTheDay

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On #Halloween, let’s recall the price of #Bitcoin #BackInTheDay over the past 14 years 🎃

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📆 Friday's #CryptoDigest of news:

🪙 #Bitcoin has dropped below the support level of $70,000, presumably due to a sell-off in #Nasdaq and #S&P500 stocks triggered by statements from tech giants about increased AI investments. Total outflows from the stock market amounted to $953 billion.

⏰ Today, options contracts for #BTC and #ETH worth a total of $2.3 billion are set to expire, which may impact the short-term price movements of these assets.

🪙 #CanaryCapital has officially filed an application with the #SEC for a Solana-based ETF.

🕯 Inflows into spot Bitcoin #ETFs remain close to zero.

📌 The market is bracing for volatility due to today’s release of non-farm payroll data.

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📆 #EventOfTheDay: U.S. Elections

Tomorrow, November 5, one of the most significant events for the entire crypto market will take place: the U.S. presidential election. The publication of results is expected on November 6, and many experts agree that regardless of which candidate wins, #Bitcoin is likely to continue its growth.

📌 For instance, analysts at #SpotOnChain point out that historically, a bull market has often followed the election. In their view, regardless of whether Donald Trump or Kamala Harris wins, #BTC will set a new #ATH (all-time high) and reach $100,000 by the end of the year.

Meanwhile, betting platforms show improved odds for the Democratic candidate, with Harris’s chances rising to 44%, which may have contributed to recent market corrections.

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⚡️ #BTC Mining Difficulty Hits All-Time High

The metric has risen above 101.6T, causing calculation algorithm failures on some analytics platforms, as such high values were not anticipated in their design.

🕯 Meanwhile, spot #Bitcoin-#ETFs faced a record outflow of $540.9 million one day before the elections. The only ETF with a positive inflow was #BlackRock, recording $38.6 million.

#CryptoNews

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