Dogecoin

Bitcoin

Momentum

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-approaches-70k-as-other-cryptocurrencies-gain-momentum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Approaches $70K as Other Cryptocurrencies Gain Momentum</a><br></p>
<p style="text-align: justify">Bitcoin has experienced a significant increase of 10.68% this week, nearing the $70,000 mark, while other <a href="https://en.coin-turk.com/what-is-facebooks-libra/" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrencies</a> such as Ethereum , Solana , and XRP also registered substantial gains. The Crypto Fear &amp; Greed Index, which gauges market sentiment, reached its highest level in October, climbing to 73, indicating a market driven by greed.</p>
<h2 id="profitable-cryptocurrencies">Profitable Cryptocurrencies</h2>
<p style="text-align: justify">Dogecoin has emerged as the top gainer among the top ten cryptocurrencies by market capitalization, experiencing a weekly rise of 30%. Currently, Dogecoin trades around $0.144. According to CoinMarketCap data, other <a href="https://en.coin-turk.com/analyst-rekt-capital-analyzes-bitcoin-and-altcoins-predicts-upcoming-opportunities/" data-wpel-link="internal" rel="noopener noreferrer nofollow">altcoins</a> have also participated in this upward trend.</p>
<h2 id="factors-capturing-market-attention">Factors Capturing Market Attention</h2>
<p style="text-align: justify">The market’s upward trend is supported by interest from both retail and institutional investors. Analysts from Swissblock noted that Bitcoin could venture into unknown territories in the upcoming period. Furthermore, the increasing interest from institutional investors and the inflows into Spot Bitcoin funds in the U.S. are seen as positive indicators for the market.</p>
<p style="text-align: justify">In their assessment, Swissblock analysts stated, “FUD, red days, and turmoil have cost us, but now we are moving towards the long-awaited bull market post-halving.”</p>
<h2 id="market-expectations-and-analyst-insights">Market Expectations and Analyst Insights</h2>
<p style="text-align: justify">Analyst Michaël van de Poppe indicated that significant changes in altcoins are imminent following a prolonged downtrend. Additionally, according to Swissblock analysis, Bitcoin’s rise is increasingly correlated with macroeconomic data and aligning with traditional finance.</p>
<p style="text-align: justify">Ultimately, the strong performance of Bitcoin and other cryptocurrencies signifies that the market is revitalizing after negative periods. However, the high levels of greed signal that investors should exercise caution.</p>
<p>The post <a href="https://en.coin-turk.com/bitcoin-approaches-70k-as-other-cryptocurrencies-gain-momentum/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin Approaches $70K as Other Cryptocurrencies Gain Momentum</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal" rel="noopener noreferrer nofollow">COINTURK NEWS</a>.</p>

Bitcoin Approaches $70K as Other Cryptocurrencies Gain Momentum

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