Bitcoin Rides the Bullish Wave, Surging to $70,000

Bitcoin (BTC) seems to be on a hot streak, closing in on its all-time high (ATH) after a brief correction last week.

Moments ago Bitcoin’s price surged to over $70,000 – a level last seen in June.

This represents a 2.75% jump in the past 24 hours with a trading volume of around $37.4 billion. Bitcoin’s market cap is currently at $1.384 trillion.

An it is not just BTC as other cryptocrrencies are gaining bullis hmomentum. For example Ethereum (ETH) registered a 2% surge in the past 24 hours and is on its way to break the $2,600 barrier.

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Dogcoin (DOGE) is the biggest winner during this period with a notable 13.55% surge to around $0.16 and a 24-hour trading volume of $3 billion.

The total crypto market cap is not at $2.36 trillion (+2.05% for the day).

At the time of publishing, Bitcoin retraced back to $69,900, but investor sentiment seems bullish, especially with the upcoming U.S. presidential election, the crypto community expects a new ATH and a continued upward trend.

Additionally, Bitcoin funds recorded $920 million in inflows for the week ending Oct. 25, bringing YTD inflows to $25.4 billion.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.