Bitcoin surged past $66,000 and Ethereum reached a two-week high following the Blockworks Permissionless conference. Seasonal trend analysis suggests strong performance for Bitcoin in October. China's plans to increase debt issuance to revive the economy could benefit Bitcoin. BlackRock's CEO, Larry Fink, commented on the growing acceptance and potential of digital assets. US spot Bitcoin ETFs saw significant inflows related to the US elections. The extension of Mt. Gox repayments alleviates expected selling pressure. Predictions from industry experts suggest Bitcoin could reach $150,000 to $180,000 within two years. The growth of prediction markets in Q3 is highlighted, with Polymarket dominating the US Presidential Election market. The Central Securities Depository Prague has received authorization to launch its DLT settlement system next month, marking progress in the European Union's DLT Pilot Regime.
- Content Editor ( blockworks.co )
- 2024-10-14
The factors that led BTC above $66K…and what’s next?