CandleFocus Bitcoin Inches Closer to Record Highs—Are Traders Ready for What’s Coming?
2024-10-29
Author: Content Editor
Bitcoin surpassed the $70,000 mark for the first time since late July, reaching an intraday high of $70,218 per coin. The cryptocurrency market as a whole has seen a significant increase, with a $2.31 trillion valuation and $84.06 billion in trade volume over the past 24 hours. The upcoming U.S. election, GDP report, and Federal Reserve meeting are expected to have an impact on the market. Bitcoin futures are also seeing high interest, with open interest reaching $40.91 billion. If bitcoin breaks through the $70,000 range, it could enter uncharted territory and potentially set the tone for year-end dynamics in digital assets.
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