New All-Time Highs Soon?

"Uptober" continues to shine, but are we just getting started?

Author

Justin
October 21, 2024 • Read Time: 6 minutes

Bitcoin is not just knocking on the door of its previous all-time high… it's about to kick it wide open with its recent surge past $69,000.

This milestone is sparking a cascade of positivity across the entire crypto market, propelling altcoins upward and injecting a newfound optimism among investors.

Institutional interest and a friendlier regulatory landscape seem to be fueling this excitement, pushing the total crypto market cap to impressive heights.

Is $70,000 around the corner?

Let’s dive in!

  • Bitcoin and Ethereum ETFs experienced ongoing inflows totaling $275M last week, marking a significant win streak. — Read More

  • SEC approves options trading for spot Bitcoin ETFs on NYSE and Cboe, enhancing liquidity and transparency in crypto markets. — Read More

  • Bitcoin nears $70,000 amid ETF inflows, with ECB speeches and the Fed's Beige Book also in the spotlight. — Read More

  • Stripe acquires stablecoin platform Bridge in a $1.1 billion deal, but details remain scarce. — Read More

  • Yuichiro Tamaki, leader of the Democratic Party for the People, proposes significant crypto tax cuts and reforms in Japan. — Read More

Bitcoin's new peak sparks crypto market rally

Bitcoin soars above $69,000, triggering a widespread crypto rally and increasing institutional interest.

Bitcoin Hashrate Reaches Peak, Signaling Network Security Growth

Bitcoin network hashrate hits record 769.8 EH/s, leading to potential miner consolidation due to rising costs.

Central Banks Secretly Accumulate Bitcoin Holdings

Central banks are stealthily purchasing Bitcoin as per a recent op-ed report.

XRP Struggles Below $0.5550

XRP struggles to break $0.5550 despite stable support above $0.5350, highlighting potential for another dip or push upward.

Dormant Bitcoin Wallet Reawakens With $1.7M

A Bitcoin wallet holding 25 BTC was reactivated after 10 years, coinciding with Bitcoin's price hitting near $69k.

Bitcoin Millionaires Surge and ETFs Fuel Growth

Bitcoin millionaires rise 111% as global regulatory changes and new ETFs propel adoption.

Bitcoin Nears Price Record, Dominates Altcoin Market

Bitcoin nears its all-time high with market dominance at 65%, sparking uncertainty about an impending altcoin season.

Minneapolis Fed Advocates Bitcoin Ban or Tax

Minneapolis Fed suggests banning or taxing Bitcoin to manage government deficits, sparking controversy among Bitcoin experts.

ECB Criticizes Bitcoin Over Wealth Redistribution Concerns

ECB adviser labels Bitcoin a speculative bubble, suggesting its elimination to curb its alleged negative impacts.

Ethereum Stashes Surge Amid Spot ETF Buzz

Ethereum's long-term holding addresses nearly double to 19 million ETH amid SEC spot ETF approval and staking trends.

Ethereum Eyes $2,850 Amid Bullish Momentum

Ethereum poised for further gains if it clears key resistance at $2,750, eyeing $2,850 next.

Base Rises Amid Layer-2 Revenue Decline

Base stands out as Ethereum Layer-2 revenue falters post-Dencun upgrade, reaping rewards of decreased fees.

Buterin Unveils 'The Scourge' for Ethereum's Future

Buterin proposes solutions to Ethereum's centralization issues with 'The Scourge.'

Solana Surges to $170, Eyes $250 by Month-End

SOL price hits $170, derivative traders fuel rally, analysts predict rise to $190-$250.

ApeCoin Soars 110% Amid ApeChain Launch

ApeCoin jumps 110% post-ApeChain launch, but remains far from its $26.70 all-time high.

Legal & General Ventures Into Crypto Tokenization

L&G, managing $1.5 trillion, eyes blockchain tokenization alongside giants like BlackRock.

Samsung Applies Blockchain to Boost AI Home Device Security

Samsung integrates blockchain to enhance security in AI-driven home devices, expanding the Knox Matrix framework to monitor issues across appliances.