Dogecoin

Bitcoin SV

Bitcoin ETF

Bitcoin

<p>The cryptocurrency industry is enjoying an upswing, of 4.71% over the past 24 hours. As a result, the market cap has now reached $2.4 trillion, while trading volume has surged to an impressive $99.66 billion, reflecting heightened activity and interest amongst traders. With the Fear &amp; Greed Index at 60, investor sentiment leans toward “Greed.” Successively, BTC price has crossed $71k, ETH is up 5.52%, while Dogecoin has surged +15%.</p>   
<h2 class="wp-block-heading" id="h-factors-influencing-the-recent-run"><strong>Factors Influencing the Recent Run</strong></h2>   
<ul class="wp-block-list">
  
 <li><strong>Whale Accumulations</strong>: Large-scale Bitcoin purchases, including a recent $355 million acquisition by a single whale, are signaling bullish sentiment from influential players.</li>   
 <li><strong>Bitcoin ETF Inflows</strong>: Bitcoin ETFs have drawn substantial attention, accumulating 47,000 BTC in net inflows over the past two weeks, which bolsters institutional interest.</li>   
 <li><strong>Election Speculation</strong>: With increasing odds of Donald Trump’s potential return to the U.S. presidential race, some investors view Bitcoin as a hedge, driving demand.</li>   
 <li><strong>Options Market Trends</strong>: The options market is showing strong activity, with traders betting on a potential BTC peak by November. Significant open interest is at the $75,000 strike for options expiring on November 8, suggesting high expectations for new highs.</li> 
</ul>   
<h2 class="wp-block-heading" id="h-bitcoin-today-breaking-through-71k"><strong>Bitcoin Today: Breaking Through $71k</strong></h2>   
<p>Bitcoin has risen to $71,013.42, gaining 4.94%, driven by a sharp increase in trading activity, which has pushed daily volume up by 148.71%. BTC hit a 24-hour high of $71,475.47 as whales and investors alike fueled its upward momentum. With whales adding over $355 million in BTC and short sellers facing $143 million in liquidations, Bitcoin is well-supported by strong bullish sentiment.</p>   
<p>Curious about where BTC is heading next? Read our <a href="https://coinpedia.org/price-prediction/bitcoin-price-prediction/" target="_blank" rel="noreferrer noopener">Bitcoin Price Prediction</a> for insights!</p>   
<h2 class="wp-block-heading" id="h-altcoin-highlights-ethereum-and-solana-climb-higher"><strong>Altcoin Highlights: Ethereum and Solana Climb Higher</strong></h2>   
<p>Ethereum saw a solid gain of 5.52%, climbing to $2,618.27, while Solana rose 3.74% to $181.46. XRP also gained 2.15%, bringing it to $0.5236. As the broader market outlook remains optimistic, altcoin enthusiasts are watching these assets for continued momentum.</p>   
<p>Interested in Ethereum’s 2024 outlook? Our <a href="https://coinpedia.org/price-prediction/market-price-prediction-ethereum-2019/" target="_blank" rel="noreferrer noopener">Ethereum Price Prediction</a> has all the answers!</p>   
<h3 class="wp-block-heading" id="h-meme-coin-movers-dogecoin-leads-the-charge"><strong>Meme Coin Movers: Dogecoin Leads the Charge</strong></h3>   
<p>Dogecoin surged by 15.06%, with Bitcoin SV and Popcat also making notable gains of 15.60% and 15.19%, respectively. On the downside, Mantra, Raydium, and Celestia saw slight declines of 2.57%, 1.79%, and 0.68%.</p>   
<p>Interested in staying updated with all the latest happenings and prices of cryptocurrencies? Subscribe to us, now!</p>

Why Is The Crypto Market Up Today: Bitcoin Crosses $71k | Dogecoin Surges 15%

Table of Contents

CoinPedia News

Other articles published on Oct 29, 2024

Get Grass Completes Solana Network’s Biggest Airdrop, Targets $1

Ethereum Struggles: Investors Are Flocking to These Altcoin Projects

Bitcoin’s Bullish Rally Aims for $80,000 by 2025 End

These 2 Altcoins (Polkadot and Cybro) Are Poised to Outperform Solana in 2025

Bitcoin Reaches $72,000, Boosting Altcoins

Chainlink and ANZ Collaborate on Private Transactions for Tokenized Real-World Assets

Join our free newsletter for daily crypto updates!