Asia Color - 29 Oct 24
1/ #Bitcoin has broken the $70k barrier for the first time in over seven months, surging 3.5% thanks to nearly $1 billion in spot #ETF inflows last week.

Twitter

After a 3-month hiatus, Bitcoin has once again broken through the $70,000 mark. After a period of meme coins dominating the market, the meme market has cooled down, but the enthusiasm remains, and some tokens have shown signs of a resurgence after adjustments.

So, what are some meme coin targets worth paying attention to?

<Ethereum chain>
$Kekec
Current market cap: $28 million
Highest market cap: Around $35 million
CA:0x8c7ac134ed985367eadc6f727d79e8295e11435c
<The Balkan ...>

Bitcoin breaks through $70,000, these meme coins may be ready to go丨Meme Wars

Dogecoin’s recent price surge has captured investor attention, with the meme coin rallying sharply over the past 24 hours. This increase followed a tweet from Elon Musk, often referred to as the “DOGE...

Dogecoin Price Jumps 14% After Elon Musk’s Comment, Nears $0.20

Data shows a high concentration of bets around an $80,000 Bitcoin strike price and a strong presence of short-term call sales.

US Election Fuels Bitcoin Volatility as Options Traders Eye $80,000 Target

2/ This bullish sentiment extends to crypto equities, with miners like Core Scientific (CROZ) rising 6.2% following a Jefferies upgrade to ‘buy.'

3/ Notably, Emory University has made headlines as the first endowment fund to invest $15 million in Grayscale Bitcoin Mini Trust, highlighting the increasing interest in digital assets among traditional funds.

4/ With rising expectations around a potential Trump victory boosting both stocks and Bitcoin, we believe BTC is well-positioned for medium-term gains.

5/ How do we gear up for a potential upside? Read our article for more: https://www.qcpgroup.com/insights/asia-color-7/
#Elections2024 #Cryptonews #DigitalAssets #BTC #MarketInsights