CandleFocus BSV, SPX, RUNE top gains as BTC rallies ahead of elections
2024-10-28
Author: Content Editor
Bitcoin surged to $69,000 as traders positioned themselves before the US election week. While other altcoins also saw gains, meme coins and politics-inspired tokens dominated the increases. The top altcoins were SPX, BSV, and RUNE. The overall cryptocurrency market capitalization rose slightly to over $2.44 trillion. Bitcoin's dominance fell slightly to 55.31%, down from the previous day's 56.02%. The recent price movement triggered a short squeeze, indicating strong bullish momentum. Bitcoin's open interest also saw a surge, suggesting traders were betting on continued rally. Traders predict Bitcoin may retest its previous all-time high of $73,737 in the next two weeks. Bitcoin Satoshi Vision (BSV) and meme coin SPX6900 (SPX) were among the top gainers, while THORChain (RUNE) hit a three-month high.
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