2024

Bitcoin

Trillion

<p>In recent months, Bitcoin has been on a roller coaster ride. One day at $64,000, the next at $68,000, then a sudden drop: a real financial merry-go-round. Recently, the leading crypto once again crossed the $69,000 mark, leaving speculators and investors with a sense of déjà vu. But this time, BTC seems to have found some stability above $68,000, raising the question: will the euphoria last?</p>
<h2 id="h-bitcoin-a-69k-vers-de-nouveaux-sommets-ou-une-nouvelle-degringolade">Bitcoin at $69K: Towards new heights or another plunge?</h2>
<p>Last Sunday, the <a href="https://www.cointribune.com/en/crypto-markets/bitcoin-btc-en/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin price</a> reached <strong>an intraday peak of $69,363</strong>, recording <strong>a 9.3% rise over a week</strong> and 63% since the beginning of the year. However, the situation was not free from turbulence.&nbsp;</p>
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  <script type="text/javascript" src="https://s3.tradingview.com/external-embedding/embed-widget-mini-symbol-overview.js" async>{"symbol":"BINANCE:BTCUSD","width":350,"height":220,"isTransparent":false,"autosize":false,"dateRange":"12M","trendLineColor":"rgba(253,64,19,1)","underLineColor":"rgba(253,64,19,0.6)","underLineBottomColor":"rgba(253,64,19,0)","locale":"en","largeChartUrl":false,"colorTheme":"dark"}</script>
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<p>The <strong>derivatives market</strong> saw <strong>$117.7 million liquidated</strong>, primarily on other cryptos like apecoin and ethereum, which suffered heavier losses.&nbsp;</p>
<p>While BTC crossed $69,000 on most exchanges, <strong>it stagnated at $68,809 in South Korea,</strong> an intriguing discrepancy.</p>
<ul>
 <li>Annual growth: +132% over 12 months;</li>
 <li>Market capitalization: 1.35 trillion dollars;</li>
 <li>Global trading volume: 71.30 billion dollars.</li>
</ul>
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   BTC price evolution on October 20 – Source: Bitstamp
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<p>Despite these impressive figures, some analysts remain <strong>skeptical about the sustainability of this rise.</strong> “<em>This might not be the time for the major correction, but caution is the mother of safety,</em>” warns an expert.</p>
<h2 id="h-le-marche-crypto-toujours-sous-tension">The crypto market remains tense</h2>
<p>As BTC continues to <strong>eclipse ethereum with a $1 trillion lead in market cap,</strong> speculation on a new “alt season” is rife. The market remains uncertain, but Bitcoin advocates see unlimited potential.&nbsp;</p>
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     <p lang="en" dir="ltr"><a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">#Bitcoin</a> now has a $1 Trillion market cap lead over Ethereum, a new ATH for the spread. <a href="https://t.co/PmcKvtQbfQ" rel="noopener noreferrer nofollow">pic.twitter.com/PmcKvtQbfQ</a></p>— _Checkmate <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f7e0.png" alt="🟠" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f511.png" alt="🔑" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/26a1.png" alt="⚡" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/2622.png" alt="☢" class="wp-smiley" style="height: 1em; max-height: 1em;"> <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f6e2.png" alt="🛢" class="wp-smiley" style="height: 1em; max-height: 1em;"> (@_Checkmatey_) <a href="https://twitter.com/_Checkmatey_/status/1847495532807410057?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">October 19, 2024</a>
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<p>According to an analyst, <strong>BTC has not yet shown signs of overheating</strong>, a statement that reassures the most fervent “hodlers.”&nbsp;</p>
<p>Other influential figures, such as <a href="https://x.com/dotkrueger/status/1845928623351779481" target="_blank" rel="noopener noreferrer nofollow">Fred Krueger</a>, envision a <strong>stratospheric future for BTC, predicting a market cap of $100 trillion by 2040</strong>. Meanwhile, Bitcoin ranks tenth in the world’s largest market capitalizations, just behind Meta, with gold far ahead at 18.38 trillion.</p>
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<p>Thus, between hope and caution, the crypto market remains captivating.</p>
<p>Bitcoin never fails to remind us of its true nature: an infernal roller coaster. However, in <a href="https://www.cointribune.com/en/here-is-how-much-bitcoin-would-be-worth-by-2045-according-to-michael-saylors-latest-prophecy/" target="_blank" rel="noopener noreferrer nofollow">Michael Saylor’s latest prophecy</a>, the leading crypto would be worth $13 million in 2045.</p>
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$69,000 For Bitcoin: The Ultimate Signal Of The Imminent Explosion?

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