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How High Bitcoin (BTC) Rise In October 2024?

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The world’s largest cryptocurrency, Bitcoin (BTC), is exhibiting extreme volatility at the moment. The king coin witnessed a nearly 10% rise throughout the week. BTC surged all the way to a high of $68,261 this week from a low of $59,200 last week. At press time, the asset was trading at $66,873.11 with a 2% drop over the past 24 hours. Also Read: US Stock: Amazon Eyes New Sector: Will It Help AMZN Spike To $265? Factors Contributing to Bitcoin’s Potential Surge Historical Performance and Current Market Sentiment Source The latest surge certainly pushed the king coin closer to its all-time high. Currently, BTC stands only 9.27% below its peak of $73,750.07. While the asset endured a slight setback, October was looking extremely bullish for the asset. Historically, this month has proved to bring in gains for BTC. Apart from this, IntoTheBlock highlighted another factor that could contribute to Bitcoin’s potential spike. The firm revealed that a staggering 95% of BTC holders were making
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Bitcoin Price Prediction: As Italy Plans Capital Gains Tax Hike On BTC To 42%, Traders Buy This ICO With A 617% Staking APY

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The Bitcoin price climbed by a fraction of a percent in the last 24 hours to trade at $67,848 as of 03:18 a.m. EST on trading volume that plunged 24% to $37 billion. This comes as Italy’s Deputy Finance Minister, Maurizio Leo, announced plans to increase the capital gains tax on Bitcoin and other cryptocurrencies to 42% from 26%. Leo said extra revenue is needed to suppo rt public services and address the country’s budget shortfalls. Bitcoin Price Could Continue Soaring The Bitcoin price is in a clear uptrend, making higher highs and higher lows since late September. There has been a breakout above a horizontal resistance level around the $66,000 mark, which now acts as support, according to data from GeckoTerminal . There is a broader support zone between $57,500 and $60,000 marked by the yellow rectangle, which has been tested multiple times, making it a significant demand area. BTC now trades above the 50-day and 200-day Simple Moving Averages (SMAs), supporting the general
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Trader highlights key levels to build positions for the ‘upcoming bull run’

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Bitcoin (BTC) started moving, breaking out of a seven-month downtrend, and indicators suggest the 2024 crypto bull market is back. In this context, a trader highlighted key chart levels to watch while building altcoin positions for the “upcoming bull run.” According to M3zee , traders should carefully look at the Bitcoin Dominance (BTC.D) index chart on TradingView to build positions. In his Analysis , M3zee highlights three BTC.D levels that could make a good partial entry point in solid altcoins. “Alright, listen, it’s pretty straightforward. From the chart in front of you, it’s clear that Bitcoin’s dominance is on the rise. We’re currently heading toward a weekly downtrend. The plan is (…)” – M3zee on TradingView Picks for you Bitcoin price eyes $88,000 by year-end with incoming breakout 2 hours ago
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US Bank Pays $29 Million to Customers After Bombarding Them With Calls

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Leading US bank Citibank is preparing to pay $29.5 million to settle a legal suit for illegally calling thousands of its customers. Plaintiff Christine Head took Citibank to court after being bombarded by phone calls about debt payments that do not exist. Unsolicited calls were also made to hundreds of thousands of customers requesting they repay the debt. The calls landed on the phones of people across the US who do not even have Citibank accounts. The prerecorded calls asked them to repay the debt, which they had never taken. Also Read: JP Morgan Issues Major Warning About the Global Economic Situation US Bank To Pay $29.5 Million as Penalty Source: Banking Dive Citibank will pay a penalty of $29.5 million, which will be distributed equally among everyone who received the unsolicited calls. Plaintiff Christine Head claimed to the court that the calls had violated the Telephone Consumer Protection Act (TCPA). The US bank will distribute $2,500 per person who has received the calls. Al
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Intel: 30 Analysts Predict INTC to Keep Falling in Next 12 Months

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Amid what has been a tough three years for Intel (INTC), the technology development and manufacturing firm, could be set to continue falling over the next 12 months. Indeed, 30 analysts have collectively published their ratings for the company. Altogether, it is predicting a slide even further for the company’s stock. The Q2 earnings report, arriving below expectations, did the company no favors. It enforced a continued drop in stock price as Intel hopes to continue competing with AI chipmaker and tech stock darling Nvidia. With a new financial report due October 31st, there is some hope that INTC could have a notable turnaround in store. Source: CNN Also Read: Intel: INTC Eyes Halloween Turnaround as Key Report Looms Intel Stock Gets Bearish Ratings as Experts Project Continued Fall Over the past three years, Intel stock has fallen 57% in a monumental drop. Although it has increased as much as 20% over the last month, there is little hope among investors. That is especially true as ot
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Bitcoin ETF Inflows Hit Four-Month High As BlackRock CEO Larry Fink Says BTC Is An Asset Class Like Gold

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US spot Bitcoin ETF (exchange-traded fund) inflows reached a 4-month high as BlackRock CEO Larry Fink said BTC “is an asset class in itself” similar to gold. Total inflows for the Bitcoin ETFs reached $555.86 million on Oct. 14, according to data from SoSoValue . The last time the ETFs recorded higher inflows was on June 4, when $886.7 million entered the funds’ reserves. Larry Fink Likens Bitcoin To Gold In Latest Earnings Call In BlackRock’s Q3 2024 earnings call , Fink said that “Bitcoin is an asset class in itself,” adding that the leading crypto is an “alternative to other commodities like gold.” Fink’s comments come as the asset manager’s Bitcoin ETF, IBIT, leads in terms of cumulative inflows since the US funds launched at the start of the year. Following the $79.51 million inflows on Oct. 14, IBIT’s total assets under management (AUM) stand at $21.78 billion. Investor Sentiment Improves As Polymarket Bettors Anticipate A New BTC All-Time High In 2024 In the past 24 hou
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Is It Too Late To Buy WELL? Moonwell Price soars 93% In A Month And This Might Be The Next Crypto To Explode

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The Moonwell Price has soared 93% in the past month after surging 18% in the last 24 hours to trade at $0.04836 as of 7:25 a.m. EST on a 162% pump in trading volume to $12 million. Moonwell Price Signals Further Uptrend The WELLUSD chart shows a solid bullish reversal, with a double bottom pattern forming around the $0.030 level. This pattern typically signals a shift from a downtrend to an uptrend, which was confirmed once the price broke out above the neckline. After that breakout, the price shot up, now sitting around $0.04909, suggesting the beginning of a potential uptrend. The price has already crossed the 50-period moving average, currently at $0.03448, indicating short-term bullish momentum is in play. On the other hand, the 200-period moving average, sitting at $0.03106, is way below the current price, highlighting long-term bullish sentiment. The growing gap between the Moonwell price and these moving averages just reinforces the strength of this upward movement.
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SPX6900 Price Prediction: SPX Soars 138% In A Week, But Investors Rush To Buy This New Meme Coin With 2,568% Staking APY

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The SPX6900 price has surged 138% in the past week and 5% in the last 24 hours to trade at $0.8872 as of 12:25 a.m. EST on a 5% trading volume to $77 million. SPX6900 Price Signals More Uptrend Ahead The SPX/USD price action over a 4-hour period shows a strong bullish trend, characterized by a parabolic curve. The current SPX6900 price of is around $0.8803, with a slight pullback of -1.67% during this session. A critical support level near $0.80123 has provided a foundation for buyers, and the price appears poised to test the next resistance level around $1.20, as indicated by the arrows on the chart. The 50-period simple moving average (SMA) sits at $0.5785, acting as a dynamic support level, while the 200-period MA is far below the current price at $0.2027, signaling a long-term bullish trend. The parabolic curve shown on the chart further emphasizes this strong upward momentum, although such a pattern can sometimes precede sharp corrections if broken. SPXUSD Analysis
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Next Cryptocurrency to Explode, October 12 — Mog Coin, SPX6900, Arkham

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Although cryptocurrency prices have been falling for a while, the overall feeling in the market remains positive. Recently, Bitcoin (BTC) has been struggling to rise above $62,000, and Ethereum (ETH) has managed to stabilize above $2,400, providing some relief to investors. However, identifying the next cryptocurrencies to explode is challenging as most funds are attracted to pumping assets. Today’s article explores the performance of cryptocurrencies that have dominated the gainers list in the last 24 hours. The objective is to identify coins with some potential and inform investors and traders about each token.  Next Cryptocurrency To Explode Today’s article discusses the performance of potentially explosive cryptos that investors should add to their watchlist. It also includes a special mention of Memebet Token. This new Telegram-based betting platform allows users to bet using meme coins for the first time, generating excitement among crypto enthusiasts. The details of its pres
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