Bitcoin It has been trading in the green since Thursday. Tesla's TSLA A ferocious rally pulled stocks out of losses.
| cryptocurrency | Gain +/- | Prices (recorded at 9:30 p.m. EDT) |
| Bitcoin BTC/USD | +1.13% | $67,956.29 |
| Ethereum ETH/USD |
-0.66% | $2,525.51 |
| dogecoin doge/usd | -1.46% | $0.14 |
what happened:Bitcoin rose to an intraday high of $68,693 in the US evening hours, but took profits below $68,000.
The world's largest cryptocurrency took a sharp turnaround after gaining $69,000 earlier this week. At the time of writing, the rate of increase in October was only 7%, which is well below the historical average of 21.57%.
Ethereum The price did not rise and remained in the $2,500 range throughout the day.
Total crypto liquidations in the past 24 hours reached $104 million, half of which was accounted for by long-term liquidations.
Bitcoin's open interest increased slightly by 0.05% in 24 hours. Interestingly, most institutional investors and top traders Binance Bets against cryptocurrencies according to the long/short ratio.
According to the Crypto Fear and Greed Index, market sentiment remains in the “greed” zone, suggesting bullish sentiment.
Top Gainers (24 hours)
| cryptocurrency | Gain +/- | Prices (recorded at 9:30 p.m. EDT) |
| cat in dog world (Mew) | +18.18% | $0.01125 |
| pais network (pais) | +10.91% | $0.3869 |
| Radium (Ray) | +8.94% | $2.93 |
Global cryptocurrencies reached $2.33 trillion, an increase of 2.05% in the past 24 hours.
Stocks returned strongly on Thursday S&P500 It rose 0.21% to end at 5,809.86, ending a three-day losing streak. focused on technology Nasdaq Composite It rose 0.76% to close at 18,415.49.
vice versa, Dow Jones Industrial Average The index fell for the fourth day in a row, closing 0.33% lower at 42,374.36.
The rally accelerated as electric car giant Tesla Inc.'s stock soared 22% after it reported better-than-expected third-quarter profits. Thursday was the company's best day since 2013.
Additionally, the benchmark 10-year Treasury yield fell below 4.20%, reversing from a three-month high earlier this week.
See more: best cryptocurrency scanner
Analyst notes: Popular cryptocurrency analyst and trader Recto Capital He said that a weekly close above $67,900 would be the most bullish outcome for Bitcoin in the current situation.
The analyst reiterated his previous position that the reexamination was a success.
A widely followed cryptocurrency trader known by the nickname Nilas Predictions for Bitcoin's new lows are controversial, with some predicting a pullback before a rally to new highs instead.
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