Bitcoin Stocks rose after falling back from nearly new highs on Tuesday. Alphabet Inc. google Third-quarter profit exceeded expectations.
| cryptocurrency | Gain +/- | Prices (recorded at 8:30 p.m. EDT) |
| Bitcoin BTC/USD | +3.66% | $72,287.07 |
| Ethereum ETH/USD |
+2.31% | $2,625.49 |
| dogecoin doge/usd | +7.15% | $0.1757 |
what happened: The world's largest cryptocurrency soared to $73,577, just $160 off its all-time high set in early March, and on the verge of making history. But that rise stopped as investors started outflowing their money.
The latest rally bumped Bitcoin's October gain to 14.26%, fulfilling its promise of being one of the most valuable months on the market.
Ethereum After hitting a new intraday high of $2,680, the price declined.
The rally saw nearly $185 million liquidated in leveraged short positions in the past 24 hours, pushing total crypto liquidations to $257 million.
Bitcoin open interest soared 5.11% in the past 24 hours to $43.17 billion.
Number of long positions held by whale investors on virtual currency exchanges Binance Outnumbered shorts by 1.42x
Top Gainers (24 hours)
| cryptocurrency | Gain +/- | Prices (recorded at 8:30 p.m. EDT) |
| Sui (Sui) | +14.89% | $2.11 |
| First color on Ethereum (Neiro) | +10.61% | $0.00172 |
| Aptos (APT) | +8.75% | $10.09 |
Global cryptocurrencies increased by 3.04% in the past 24 hours to $2.43 trillion.
Stocks rose to new highs on Tuesday. High-tech oriented Nasdaq Composite The stock soared 145.56 points (0.78%) and closed at a record high of 18,712.75. of S&P500 It rose 0.16% to end at 5,832.92. on the contrary, Dow Jones Industrial Average It fell 0.36% to end at 42,233.05.
The rally came ahead of the third-quarter earnings release of the so-called “Magnificent Seven” companies. tech giants alphabet released its numbers after the market closed, with sales and profits exceeding analysts' expectations.
See more: best cryptocurrency scanner
Analyst notes: Popular cryptocurrency analyst Recto Capital He pointed to Bitcoin's upbeat journey to new all-time highs, adding that a monthly close near $72,800 would be an all-time high.
“Without a doubt, we are witnessing history being made before our eyes,” the analyst said.
Another prominent analyst is Ali Martinez He drew attention to the golden cross of Bitcoin's MVRV ratio above its 365-day simple moving average, an event that has preceded “massive” bull markets throughout history.
Additionally, Martinez upped the ante on Ethereum, predicting a target of $6,000 after it managed to hold the key support level at $2,400.
Photo by Igor Faun from Shutterstock
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