Major cryptocurrencies maintained their bullish momentum over the weekend, raising expectations for new all-time highs.
| cryptocurrency | Gain +/- | Prices (recorded at 8:45 p.m. EDT) |
| Bitcoin BTC/USD | +1.26% | $69,123.24 |
| Ethereum ETH/USD |
+3.79% | $2,744.10 |
| dogecoin doge/usd | +0.96% | $0.1444 |
what happened: Bitcoin It rose above $69,000 late in the evening, its lowest level since the first week of June. The world's largest cryptocurrency rose 8.9% in October, a month that has historically averaged gains of more than 21%.
Ethereum It soared to $2,750, its highest level since the August meltdown. The second-largest cryptocurrency soared nearly 12% last week.
In the past 24 hours, 56,654 traders were liquidated, bringing the total amount liquidated to $134.09 million. According to Coinglass, more than $805 million in Bitcoin shorts will disappear if the major cryptocurrency reaches $72,000.
Bitcoin open interest rose 2.87% in the past 24 hours, while funds pegged to the Ethereum futures market surged 8.84%, showing bullish momentum.
According to the Crypto Fear and Greed Index, market sentiment was one of “greed” at the time of writing.
Top Gainers (24 hours)
| cryptocurrency | Gain +/- | Prices (recorded at 8:45 p.m. EDT) |
| ape coin (Ape) | +62.30% | $1.42 |
| dYdX (DYDX) | +27.87% | $1.26 |
| mogcoin (Mog) | +11.94% | $0.00000228 |
Global cryptocurrencies rose 2.20% in the past 24 hours to $2.39 trillion.
Stock futures rose slightly on Sunday night. of Dow Jones Industrial Average Futures It was up 53 points, or 0.13%, as of 8:45 p.m. EDT. futures tied to S&P500 Although it increased by 0.12%, Nasdaq 100 futures Added 0.14%.
The gains follow a favorable week for the blue-chip index. Dow Jones Industrial Average and S&P500 It closed at a record high on Friday. The closing price was a record high of 43,239.05. The Dow Jones Industrial Average has increased 2.23% since the start of October, while the composite index has increased 1.77% during the same period.
Like a tech giant tesla company TSLA and Amazon.com Inc. AMZN Companies are scheduled to report earnings this week, which will be a key trigger for the market.
See more: best cryptocurrency scanner
Analyst notes: Renowned cryptocurrency researcher and trader Recto Capital He said that if Bitcoin closes the week above red resistance, it will break out of a multi-month downtrend channel toward at least $70,000.
King Crypto was able to do just that, but it remains to be seen whether the analyst predictions are correct.
Widely Followed Cryptocurrency Analyst Ali Martinez We drew attention to the bullish pivot of the MVRV Momentum indicator, which is considered the “go-to” indicator for evaluating Bitcoin trends.
Regarding Ethereum, the analyst highlighted that holdings of $2,660 could allow the coin to rise to $3,300.
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