🌙 Bitcoin Surged Past the $70,000

Bitcoin surpasses $70,000 for the first time in over four months, signaling strong market confidence.

Author

Mike Gavela
October 28, 2024

Crypto Roundup - October 28

Bitcoin surged past the $70,000 mark, driven by renewed investor interest amid positive economic indicators, including declining inflation rates and a steady job market. The rally is further bolstered by optimism surrounding Bitcoin ETFs, with multiple funds adding billions of dollars in anticipation of potential regulatory approvals. With the U.S. presidential election approaching, crypto advocates hope for a favorable policy shift that could sustain Bitcoin’s bullish momentum and encourage broader institutional investment.

Top Stories

  • Bitcoin surpasses $70,000 for the first time in over four months, signaling strong market confidence.

  • ETF fund inflows rise, with billions added in anticipation of U.S. regulatory approval for Bitcoin ETFs.

  • Economic data boosts crypto, as inflation and jobs reports support positive sentiment for Bitcoin’s growth.

SPONSORED BY

TOP STORIES

Bitcoin Tops $70K for First Time in More Than Four Months

The price still remains below its record high of $73,700 hit in early March of this year.

www.coindesk.com/markets/2024/10/28/bitcoin-tops-70k-for-first-time-in-more-than-four-months

Bitcoin Price Jumps Ahead of Key US Inflation and Jobs Reports - Decrypt

The price of Bitcoin topped $69,000 early Monday for the first time in a week, with key economic reports due ahead of the U.S. election.

decrypt.co/288583/bitcoin-price-jumps-us-inflation-jobs-reports

Bitcoin Bullishness Continues as ETFs Add Nearly $1 Billion Ahead of Election - Decrypt

Just eight days until the U.S. picks a new President, crypto investors are feeling bullish—putting nearly $1 billion more into Bitcoin ETFs.

decrypt.co/288631/bitcoin-bullishness-etfs-add-billion-election

FUNDRAISING

OTHER HEADLINES

Build Your Own AI Agent on Bankless

Virtuals Protocol on Base levels up crypto's AI experience.

www.bankless.com/build-your-own-ai-agent

Altcoins Lag as Bitcoin Flirts With $69,000 - "The Defiant"

Bitcoin dominance hits 59.85%, its highest level since March 2021.

thedefiant.io/news/markets/altcoins-lag-as-bitcoin-flirts-with-usd69-000

FTX's $228M Settlement With Bybit Brings Conclusion of Epic Liquidation Closer

The FTX bankruptcy nears its finish line, with recoveries higher than what was in accounts when it collapsed – though those assets missed out on the market recovery since 2022.

www.coindesk.com/policy/2024/10/28/ftxs-228m-settlement-with-bybit-brings-conclusion-of-epic-liquidation-closer/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

CRYPTO TWITTER (X)

SHARE!

Love our newsletter? Share it with your friends, family, colleagues, interns who need to stay on top of the crypto markets! Join over 60,000 investors and crypto degenerates who read Midas Crypto daily!